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
- Some tax debt
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.
Types Of Personal Bankruptcies
When an individual files for bankruptcy, they will usually file for two types of bankruptcy: Chapter 7 or Chapter 13:
- Chapter 7 BankruptcyThe bankruptcy trustee appointed to administer your case will sell any nonexempt property and distribute the proceeds to creditors.
- Chapter 13 BankruptcyYou can keep everything you own. Youll pay creditors the value of the nonexempt property, your disposable income, or your nondischargeable debt , whichever is more, through a repayment plan.
For people who cannot pay their debts, bankruptcy is a saving grace, but it is not to be taken lightly. There are drawbacks to declaring bankruptcy, and it should only be used when absolutely necessary.
Not The End A New Beginning
Bankruptcy is a last resort when your debts become unmanageable. Many people view this is a negative thing, and while it is a serious commitment that will take time to recover from, it is ultimately a tool designed to help you. Declaring bankruptcy allows a debtor to obtain a fresh start. Once youve filed for bankruptcy, bill collectors can no longer harass you. You will have time to restructure your finances and recover from this situation.
AtHurtik Law & Associates, our experienced bankruptcy lawyers in Las Vegas help clients through every stage of the filing process. We can help you decide which type of bankruptcy is right for you, plan for what happens after you file, and help you set up a plan that will lead to a debt-free life. Start today with an initial consultation with a Las Vegas bankruptcy lawyer from Hurtik Law & Associates!
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Toys R Us Is Closing All Nevada And Us Stores
Unable to Survive Chapter 11 BankruptcyToys R Us is unable to survive Chapter 11 Bankruptcy. On Friday, June 29, 2018, the end of a legacy in the toy industry will close its doors for the final time. After 70 years in business, Toys R Us will be no more. Despite a last ditch effort in September 2017, the toy chain was unable to reorganize its debts in a Chapter 11 Bankruptcy to keep its doors open.
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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Loan Modifications And Other Non
Filing for bankruptcy protection is not the right option in every case. In some cases, a consumer may be able to obtain a loan modification or another form of non-bankruptcy debt relief. A loan modification is essentially a voluntary agreement between a borrower and a lender to adjust the loan. A modification may lead to:
- Lower monthly payments
- An interest rate reduction or removal
- Waiver of late fees and other penalties and
- Reduction of principal.
Whether a loan modification is possible, or advisable, in your case depends on a wide range of different factors. Our loan modification lawyer in Las Vegas is skilled and able to negotiate with creditors and lenders to work out the best possible outcome. They will help you understand your options and negotiate the best settlement. If a modification is not in your best interests, we will help you navigate the bankruptcy process or help you with your other options.
What To Expect From Your Las Vegas Bankruptcy Attorney
Our attorneys want to help you consider all your options. If bankruptcy is the best path for you, we want to help you structure your bankruptcy in the best possible way. The choices that you make when it comes to how you pursue your bankruptcy can help you get the best possible result from your bankruptcy proceeding.
Our experienced legal team will help you with every step of the process, including:
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Personal And Commercial Business Cases
Our bankruptcy attorneys provide counsel and representation services for both personal and business bankruptcy cases. Many of our clients own businesses and wish to keep them open. Only bankruptcy lawyers who thoroughly understand the rights of their clients under the law can help make this a reality. Bankruptcy law can be very complicated you need a good bankruptcy lawyer in Las Vegas to make sure your case goes smoothly. Dont fall for the lure of TV-ad lawyers who often dont understand the issues and may not care enough about your personal situation.
Types Of Personal Bankruptcy Filings In Las Vegas
There are two types of bankruptcy filings for individuals in Las Vegas. You can file for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy is a complete discharge of qualifying debts. Chapter 13 bankruptcy is a restructuring that allows you to discharge some debts and pay a portion of other debts over time according to whats affordable for you.
What you qualify to file depends on your income and what kinds of debts you have. Our team can help you determine which type you are eligible to file and the pros and cons of Chapter 7 and Chapter 13 bankruptcy proceedings.
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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:
Contact A Las Vegas Bankruptcy Attorney For Advice
Many Nevada consumers have questions about whether bankruptcy is right for them. We can advise you regarding your options and help you file for bankruptcy in Henderson or Las Vegas if you choose to do so. Contact us to learn more.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Free Bankruptcy Filing With Upsolve
Given that youâre researching the process of filing for bankruptcy relief, chances are that you donât have $1,100 – $1,500 or more readily available so that you can pay attorneysâ fees upfront. Itâs important to understand that most bankruptcy attorneys are willing to work with their clients to make the process of filing for bankruptcy financially manageable. Many law firms charge flat fees for Chapter 7 bankruptcy assistance, as this process is particularly straightforward and predictable. Similarly, many law firms allow their Chapter 13 bankruptcy clients to pay their attorneysâ fees in installments so that the full amount isnât due all at once.
How Our Las Vegas Bankruptcy Attorneys Can Help
Let us answer all of your questions about filing for bankruptcy. We know that its a big decision and that you have lots of questions. Its our goal to help you understand what your options are. With hundreds of bankruptcy filings under our belts, we know the ins and outs of how to make a bankruptcy successful. We prepare the necessary paperwork, maintain communication to guide you through the process, and lead you to a newfound peace of mind and financial freedom. A true fresh start.
Having our team of experienced bankruptcy professionals working for you can help you ensure that your process goes smoothly the first time. It can also ensure that you take advantage of the bankruptcy rules and that you structure your bankruptcy to receive the maximum benefits.
Bankruptcy rules are complex. A simple error can cause your bankruptcy to be delayed or denied. You might miss out on a benefit that you could receive by doing your bankruptcy differently. We have the experience and skill to help you navigate the bankruptcy process smoothly and with confidence.
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How To Find The Right Attorney
- Determine the area of law that relates to your issue. Attorneys specialize in specific practice areas around legal issues within the broad field of law.
- Seek out recommendations from friends, family, and colleagues. A successful attorney or practice will typically have many satisfied clients.
- Set up consultation appointments to get a better understanding of your case as well as gauge your comfort level with different attorneys. Find the attorney who is the right fit for your needs.
Nevada Zero Down Bankruptcy Attorney Videos
Nevada Zero Down Bankruptcy offers a zero money down program to provide an affordable debt-relief bankruptcy option for Nevada residents. Our legal staff is available to help you at any time you need assistance with debt. With Zero Down Bankruptcy, eliminating debt is a no hassle, no worry, no stress process. No scraping together money to discuss your case with an experienced attorney at the best bankruptcy law firm in Nevada.
Nevada Zero Down Bankruptcy Law Firm
Nevada Zero Down Bankruptcy Legal Services
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How Much Do Bankruptcy Lawyers In Las Vegas Charge
Once you identify which bankruptcy attorneys youâd like to speak with, itâs time to start preparing for your consultations with these professionals. One of the most pressing issues youâll want to clarify during your consultation involves attorneysâ fees. Different attorneys charge different amounts for similar legal services and different firms take varied approaches to billing. If youâre eligible to file for Chapter 7 bankruptcy, a Las Vegas bankruptcy attorney will charge you anywhere from $1,100 – $1,500 for assistance with a typical Chapter 7 case. The cost of a bankruptcy lawyer will increase significantly if youâre filing for bankruptcy under the considerably more complex Chapter 13 process.
What Is A Chapter 20 Bankruptcy
Our Las Vegas Bankruptcy Lawyer ExplainsTherefore, imagine filing for a Chapter 7 bankruptcy and then having an unexpected emergency that results in thousands of dollars of debt. Most people are under the assumption that if they filed a Chapter 7 bankruptcy less than eight years ago they do not have the option of filing bankruptcy again.
Chapter 7 Bankruptcy In Las Vegas
Chapter 7 bankruptcy is a way to wipe out your debt by grouping everything together and in one shot creating a fresh start for yourself. Often referred to as liquidation bankruptcy, Chapter 7 allows a qualified individual to eliminate most of their outstanding debts. However, certain debts, such as student loans or child support, cannot be discharged. For many people dealing with the stress of overwhelming debt, Chapter 7 is the best option to wipe the slate clean and start over. Here are three things you should know about filing for Chapter 7 bankruptcy in Nevada:
Why Hire A Las Vegas Bankruptcy Lawyer
Its a common misconception that hiring a bankruptcy attorney only adds an additional financial burden. The truth is that while you do not need an attorney to file for bankruptcy, the process is not always straightforward and there are many pitfalls and deadlines in the bankruptcy process. Many people have lost assets that could otherwise have been saved because they did not seek experienced legal representation and put themselves in a worse financial situation.
A bankruptcy lawyer in Las Vegas will counsel you on which chapter of bankruptcy to file to protect your assets, complete your paperwork without errors that can lead to dismissal of your case or worse, guide you through court procedures, and represent you during meetings with the trustee. A mistake in your bankruptcy paperwork can have significant consequences, potentially leading to your case being thrown out and losing your chance for bankruptcy protection or losing assets you could have saved. Call the bankruptcy lawyers at Vegas BK to discuss your situation.
A Las Vegas Bankruptcy Attorney can help you
Save your home. Bankruptcy can be an option to save your home while discharging other debts. An experienced Las Vegas bankruptcy attorney can help you explore options to save your home and avoid foreclosure.
Get rid of your debt burden. Filing for bankruptcy can discharge most debts, including credit card debt and medical debt.
Representation For Debtors And Creditors
We provide bankruptcy services to both debtors and also creditors. We often work for creditors who need a bankruptcy attorney in Las Vegas to represent their interests in a Nevada bankruptcy case. We provide a wide range of services for our creditor clients, including proofs of claim, motions for relief from automatic stay, and filing non-dischargeability adversary proceedings against debtors.
S To File For Bankruptcy In Las Vegas
When youre considering filing for bankruptcy, its crucial to have the assistance of an experienced bankruptcy attorney. Missteps can ultimately make your bankruptcy unsuccessful, or it can prevent you from taking full advantage of the benefits that you can receive from bankruptcy. Our team can help you understand exactly what you need to do to file for personal bankruptcy, including:
- Bankruptcy proceedings begin when you file a petition for bankruptcy in the appropriate court. You file a statement of your assets and your debts and list your current income and personal expenses. As soon as you file, debt collection efforts against you stop.
- The court appoints a bankruptcy trustee to oversee your case. You must provide them with a copy of your tax returns.Along the way, you get some credit counseling to help you in the future.
- The bankruptcy court trustee holds a meeting of the creditors. Its crucial to provide the information that the creditor needs to approve your bankruptcy.
- When everything is in order and reviewed, the court approves your bankruptcy. Your debts are discharged. The whole process takes between three and six months.
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Las Vegas Bankruptcy Lawyers
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