What Happens If Non
Medical bills can add up after an accident and might be from multiple creditors and companies, which can leave the victim overwhelmed. If injuries are severe enough that you are unable to go back to work quickly, then you might be considering bankruptcy after a crash or other accident. If your medical bills are driving you to bankruptcy, it is a good idea to speak with an attorney early on.
When a bill is not paid in full by the due date, some creditors are quicker to take action than others. The consequences depend on the creditor, what type of debt is unpaid, and how behind the payment in question is. Utility companies may shut off services if a bill goes unpaid for as little as two months. Credit cards will decline if the minimum balance is not kept current. Back taxes can lead to liens being placed on the property until the amount and other fees associated with late payment are paid. Large medical bills will start to accrue daily interest at a set rate. If bills go unresolved after multiple attempts by the creditors to get the amount paid in full or set up on a monthly payment arrangement, the bill can go to collections.
Having a judgment in place can also affect the time frame the bill can be collected, meaning that the debtor may have this debt hanging around for years longer than expected. A bankruptcy lawyer will be able to help the debtor pause these actions.
Should I File For Bankruptcy
There are many factors that may lead you to consider filing for bankruptcy in Las Vegas. Some of these include:
- Your home is about to be foreclosed
- A judgment has been entered against you
- You owe money to the IRS
- Your car or other assets are in danger of being repossessed
- The business you own can no longer pay its debts
If you are facing any of the above, our Las Vegas bankruptcy lawyers will explain the next steps to take to protect yourself and your assets.
How Is The Bankruptcy Attorney Rate/fee Determined In Las Vegas
The bankruptcy attorney fee in Las Vegas is often based on a number of factors. Here are some of the factors:
We had mentioned earlier the population of Las Vegas is 651319. As such, larger cities may have higher attorney fees and smaller towns may have lower attorney fees. For example, Reno may have a lower bankruptcy lawyer fee than Las Vegas.
For example, Las Vegas has a median household income of 56354. So, the income and general cost of living in Las Vegas may dictate the attorney fees.
Secondly, the complexity of the case may dictate the cost of the bankruptcy. This is often the case with Chapter 7 bankruptcy. Do you own a home? Are you married? In Las Vegas, approximately 43.3% are married. If you are married and filing with your spouse, you may have additional complexity to the case, potentially in a higher attorney cost. Secondly, are you a home owner? Approximately 52.7% of individuals in Las Vegas own a home. With positive equity, you often check Nevada bankruptcy exemptions to determine whether you can keep the home. So, if your case in Las Vegas is more complex, your attorney fee may be higher.
Okay, lets dive into how the type of case may result in higher or lower bankruptcy lawyer fees in Las Vegas.
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How Much Does It Cost To Hire An Attorney
In general, how much an attorney costs will often depend on these four factors: billing method and pricing structure, type of legal work performed, law firm prestige, and attorney experience. Depending on the legal issue you are facing, an attorney may bill you by the hour, settle on a flat fee, or enter into a contingency fee agreement. The type of legal work you need help with will also play a role in cost incurred.
Our Lawyers Have A Reputation For Providing Quality Service
Johnson & Gubler, P.C. is an AV-rated, full-service law firm located in Las Vegas, Nevada, Salt Lake City and St. George, Utah that practices Bankruptcy, Business Law, Collections, Construction Litigation, Estate Planning, Guardianships & Adoptions, Personal Injury, Property Law, and Wills & Trusts throughout the entire state of Nevada, as well as Utah, Colorado, and Arizona.
Understanding Las Vegas Bankruptcy
Bankruptcy is a legal mechanism that helps clear debt and reimburses creditors from an insolvent individual or corporation. Bankruptcy filings will prevent creditors from seeking debt collection instantly. At least until your debts are figured out according to the laws, this coverage will continue. Since federal law allows for the right to file bankruptcy, all bankruptcy proceedings are resolved in federal court.
It will depend on your financial situation and priorities to determine whether to file for bankruptcy and what sort of bankruptcy. There are three forms of bankruptcy that we address during our initial consultation with each client. Chapter 7 provides a way to discharge and remove debt but could require certain assets to be surrendered. Chapter 13 and Chapter 11 require debt reorganization and repayment under the protection of the bankruptcy court.
An automatic stay will be put into place the instant you file for bankruptcy. This means that it would require your creditors to avoid threatening you. Furthermore, an automatic stay would allow wage garnishments to cease. This will bring an immediate stop to the:
- Threats of Creditors
Las Vegas Bankruptcy Faqs
If you are considering bankruptcy, you may be feeling that youve reached the last resort for getting out from under overwhelming debt. However, bankruptcy is also a first step toward rebuilding financial security, and it is one that we can help you take with confidence. Below are answers to questions our Nevada bankruptcy attorneys frequently receive from clients, discussed here with the goal of shedding light on typical bankruptcy concerns. For more information about filing for bankruptcy and other options for dealing with debt, please contact our Las Vegas office and ask to speak with an experienced Nevada bankruptcy attorney.
What is the difference between bankruptcy and a debt management plan?
Bankruptcy is a legal proceeding provided under federal law to give people who cannot pay their bills a fresh financial start. Debt management plans are frequently offered by credit counseling agencies to pay off some or all debt by sending the counseling agency a monthly payment that is then distributed to creditors. Sometimes debt management plans are helpful, but often they are not. Its important to keep in mind that bankruptcy is not necessarily to be avoided at all costs. In fact, if you sign up for a debt management plan you cant afford, you may end up in bankruptcy anyway. An experienced bankruptcy attorney can provide advice on whether bankruptcy is your best option, as well as offer a range of other suggestions if appropriate and beneficial.
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Best Bankruptcy Lawyers In Las Vegas Nv
Expert recommended Top 3 Bankruptcy Lawyers in Las Vegas, Nevada. All of our bankruptcy lawyers actually face a rigorous 50-Point Inspection, which includes customer reviews, history, complaints, ratings, satisfaction, trust, cost and general excellence. You deserve only the best!
ERIK SEVERINO – LAW OFFICE OF ERIK SEVERINO
7251 West Lake Mead Boulevard, Suite 300, Las Vegas, NV 89128DIRECTIONS
Heres The Deal:Erik Severino focuses on bankruptcy law practice and consumer law-related matters. He has experience in assisting clients with legal debt help in Nevada. Erik has a wealth of experience helping Nevada residents in Chapter 7 and Chapter 13 bankruptcy lawsuits. He works personally with his clients and sees them through the entire bankruptcy process, helping them solve their debts, protect their property, and preserve their integrity. He provides affordable, expert representation to Vegas residents with a free consultation. Vegas Bankruptcy Lawyers Henderson and Las Vegas offices make it more convenient for you to get the fresh start you seek. Contact them today and discuss payment plan options and their $0 down bankruptcy program.
SETH BALLSTAEDT, ESQ. – BALL BANKRUPTCY
9555 South Eastern Avenue, Suite #285, Las Vegas, NV 89123DIRECTIONS
SPECIALTY:Credit Repair, Chapter 7, Wage Garnishments, Chapter 11, Debt Relief & Chapter 13
Price: Under Median Chapter 7 $999
JUDAH ZAKALIK – PETERS AND ASSOCIATES, LLP
How To Prepare For Your Initial Consultation
Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.
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How Much Does A Bankruptcy Lawyer Cost
People seeking a solution to their overwhelming debt may wonder, How much does a bankruptcy lawyer cost? The answer depends on the type of bankruptcy you file, your assets, the location of the lawyer, and the time the attorney spends on your case.
Sixty-four million Americans had debt in collections during 2021. Debt that goes to collections can range from student loan debt to medical bills and taxes. In fact, medical bills and unpaid credit card debt are the two debts that are most often sent to collections. These debts also most frequently cause a debtor to consider bankruptcy. The type of debt owed and how far behind the debtor is in payments can determine how serious the situation is. In some cases, the debtor could be brought into court, garnishments could be issued, or liens on the property could be put into place.
Hiring an attorney can stop debt collection efforts and help lower or eliminate the total amount that will have to be paid back in the long run. Hiring a bankruptcy lawyer will help the debtor determine whether a settlement might be the right solution, or if filing for bankruptcy is a better fit.
In Summerlin Las Vegas North Las Vegas And Henderson
When you feel you are at the end of the road, struggling financially and no one seems to care. Freedom Law is here to help. We stand with our clients who are struggling to get out of debt, face foreclosure, car repossessions and stressful financial situations that seem to go on forever. It is our strong belief that everyone deserves a second chance at a clean slate. This drives us to work hard to help you achieve the financial freedom you have been aiming for. We will walk with you during the Chapter 7, Chapter 13, or small business bankruptcy process.
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We Offer Free Bankruptcy Consultations In Las Vegas
Call our team at . We can explain the bankruptcy process. Let us show you what bankruptcy can do for you based on your own, personal situation. In just one visit, well listen to your financial concerns and explain the bankruptcy process. Dont be afraid to ask questions. We want you to be comfortable with how bankruptcy works and confident in our services.
Some of the questions we can answer during your free bankruptcy consultation in Las Vegas include:
Common Legal Terms Explained
Plaintiff a person or party who brings a lawsuit against another person or party/parties in a court of law. Private persons or parties can only file suit in civil court.
Judgment A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.
Las Vegas Bankruptcy Frequently Asked Questions
How Can Bankruptcy Help Me?Bankruptcy gives you the chance to clear certain types of debts. If you qualify and complete the requirements, the debts are wiped clean so that you can have a fresh start. Some of the debt that you may be able to erase in bankruptcy includes:
- Car repossession
- Home foreclosure
Bankruptcy means you can stop hiding your car from the repo man and start answering your phone again when you see unknown numbers on the Caller ID. Bankruptcy means peace and serenity and is also a great way to stop garnishments or even save your home from foreclosure.
There are many benefits to filing for bankruptcy that help you get your finances back in order. Low-cost bankruptcy with Half Price Lawyers can put an end to the stresses caused by debt, including harassing phone calls from creditors, lawsuits, wage garnishments, repossessions, foreclosures, and more.
How Do I File for Bankruptcy in Las Vegas?Our Las Vegas bankruptcy lawyers will walk you through the process of determining which type of bankruptcy you qualify for, and what your options are. Your eligibility is determined by many factors, the most important of which is your gross monthly income. Please bring your most recent pay stub to your free consultation. Most of all, dont worry. We are here to help you. You will leave the consultation with answers to all your questions.
Which IRS Debts Can Be Eliminated?To discharge an IRS debt:
What Types Of Debt Can You Get Rid Of
Keep in mind, as you consider your options, that bankruptcy can help you create a fresh financial start as you look to the future.
It can help you wipe out:
- Medical debt, including hospital bills and doctor bills
- Personal loans and lines of credit
- Payday loans and other high-interest or predatory loans
- Second mortgages and HELOCs, including those that a lender may be suing you over
If you are being threatened with foreclosure or vehicle repossession, bankruptcy may be a way to help you keep your home or vehicle, or it may be an excellent way to help you cut ties with an unaffordable house or car and move on to a better situation.
A skilled bankruptcy lawyer can help you weigh your options for resolving debts and decide what is best for you and your family.
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Former Owner Loses Bid To Dismiss Lake Las Vegas Bankruptcy
A Nevada bankruptcy judge has denied a bid by Lake Las Vegas’ former owner to dismiss the struggling resort and housing community’s bankruptcy case, setting the stage for a key hearing on the company’s reorganization strategy.
Judge Linda Riegle of the U.S. Bankruptcy Court in Las Vegas on Friday rejected a request by Ron Boeddeker of Los Angeles-based Transcontinental Corp. to have the case dismissed, a person familiar with the matter said. Boeddeker said he sought to have the case tossed because it was being run solely for the benefit of the project’s senior lenders, led by Credit Suisse Group, as agent, and hedge fund Highland Capital Management LP.
Lawyers for Boeddeker argued that Atalon Group, the turnaround company that owns Lake Las Vegas, was simply a puppet for Credit Suisse and principal lender Highland, which took control of the project in early 2008 and installed Atalon to run it. According to the court filings, Highland owns the bulk of the project’s secured debt.
The move to throw out the case came more than a year after Lake Las Vegas, a massive 3,600-acre project outside the Las Vegas Strip, filed for bankruptcy in the midst of the housing market’s collapse. The development, an ambitious resort community in Henderson, Nev., boasts three golf courses, two luxury hotels and a 320-acre man-made lake in the desert. Plans initially called for 9,000 homes, though only about 1,600 have been built.
Spokespeople for Credit Suisse and Highland declined to comment.
Las Vegas Bankruptcy Lawyer
The burden of debt can adversely affect your relationships, your physical and mental health, and your career. If you feel overwhelmed with debt that you cannot afford to pay off despite your best efforts, bankruptcy may provide great relief to you and your family. Bankruptcy protection is provided by federal law and is available to all citizens who need it and qualify for it.
At Randolph Law Firm, in Las Vegas, we help individuals and families in Las Vegas get debt relief that greatly improves their quality of life.
Give us a call today to discuss your specific situation. We serve clients throughout Nevada.
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Las Vegas Chapter 13 Lawyers
LAS VEGAS DEBT RELIEF
Chapter 13 bankruptcy is the second most popular chapter of bankruptcy in Nevada. Thus, chapter 13 bankruptcy is something that may work better for people who have regular income. Additionally, filing a Chapter 13 in Nevada immediately stays or stops any creditor action such as: wage garnishment, repossession, foreclosure, seizure, and all creditor attempts at collection, including phone calls and letters. Whereas, our Las Vegas bankruptcy lawyer can assist.
Also, in a chapter 13 bankruptcy, a person files a plan with the federal bankruptcy court and agrees to pay all debts such as car loans, mortgage arrears, and unseen debts in an affordable monthly payment plan over a three to five-year period. Our Nevada bankruptcy lawyer works with you and stays on the case from start to finish throughout the chapter 13 filing which could take up to five years.
WHAT IS A LAS VEGAS CHAPTER 13 BANKRUPTCY?
Payments in these plans can be as low as $100 a month. Therefore, the amount of the monthly payment factors on the filers debt, income, assets, and situation. Keep in mind, each chapter 13 case is unique, however, our Las Vegas bankruptcy attorney can give you an approximate chapter 13 plan payment.