Filing Bankruptcy eliminates debts, usually allowing you to keep most or all your valuable belongings. With a Fresh Start Law, we will give you the help you need to rebuild your credit. Attorney Dorothy has a lengthy record of success in Bankruptcy court. She and her team can provide you with the effective legal services you need and deserve. We will also help you deal with confusing and lengthy paperwork. Attorney Dorothy will vigorously represent your interests at any hearings and inform you of your best options to move forward.
Call A Fresh Start Law today at (702) 551-3256 to find out if bankruptcy is your best choice and how our bankruptcy lawyer in Las Vegas can help you. Also, feel free to contact us online. However, we are not robots and can’t guarantee an immediate reply.
The main reason to file Bankruptcy is to eliminate debts. Bankruptcy is usually appropriate if you owe a large amount of debt that Bankruptcy can wipe out. Bankruptcy can also delay or even stop many kinds of legal actions. For example, if you are facing foreclosure or repossession, Bankruptcy could also help to solve these problems. Other debt problems may require another solution, such as debt settlement.
The advantages of Bankruptcy include:
● It stops creditor harassment.
● It stops wage garnishment.
● It delays or prevents Foreclosure and Repossession.
● It eliminates nearly all of your debts.
To be eligible for Chapter 7 Bankruptcy, you must prove you don't have enough income to pay off even a modest portion of your debts over time. So your income and necessary living expenses (excluding paying your debts) should be nearly the same. Unfortunately, many needlessly worry about not passing a "means test" by assuming they "make too much to file Chapter 7." The "means test" is an important factor to qualify to file Chapter 7 Bankruptcy. But a hard-working and experienced Bankruptcy attorney can often find enough deductions to satisfy this requirement. However, a cheap or inexperienced attorney may not provide this help and may not understand why resolving this problem is important to you. As a result, some lawyers might recommend a more expensive Chapter 13 bankruptcy. Sometimes when a legal service costs less, it might cost much more in the long run. Therefore, we suggest choosing an attorney based on their experience rather than an initial price quote.
But Chapter 13 isn't simply a more expensive Bankruptcy. For someone who correctly chooses Chapter 13, it provides substantial additional benefits and is well worth the extra cost. Chapter 13 allows you to restructure repaying debts that don’t go away in a Chapter 7. Typically, when someone chooses Chapter 13, they have a specific goal. However, it is up to you to decide whether your goal is realistic.
Chapter 13 buys time to catch up on past-due mortgage payments.
Chapter 13 provides time to pay delinquent tax obligations without paying further interest or penalties.
Chapter 13 can structure repaying debt that Bankruptcy doesn't eliminate, such as child support, debts connected to crimes, and other extraordinary situations.
Chapter 13 might be less expensive than debt settlement or continuing to make monthly payments on debts you can never repay.