Las Vegas Chapter 13 Bankruptcy Lawyer.

Reduce & Reorganize Your Debt With One Monthly Payment.

A Chapter 13 Bankruptcy is more challenging than a Chapter 7. It also lasts longer, costs more, and involves more risk. But Chapter 13 might be your only choice if you:

• Don’t qualify for Chapter 7.

• Might lose valuable assets in Chapter 7, such as a business that supports you and your family.

• Owe certain debts that you can’t solve through Chapter 7.

But because Chapter 13 is a significant commitment, at A Fresh Start Law, we will always urge you to carefully consider how this program will affect you before deciding.

Reasons you might choose Chapter 13 include:

1. Repay debts Chapter 7 won’t eliminate. These debts could include taxes, child support, alimony, debts owed to a former spouse, and even student loans. Instead of facing the pressure to repay these obligations in full immediately, you could make monthly payments on them.

2. Prevent foreclosure or repossession by resuming the monthly payments and catching up on past-due debts by making monthly payments. Chapter 13 will give you up to 60 months to become current on repaying these obligations.

3. Stop creditor harassment for up to 60 months.

4. Make affordable payments on substantial debts while canceling or reducing any interest obligation. After 60 months, the Court could discharge any remaining debt. This strategy is most effective if you have some funds available to pay your debts but don’t have enough left to pay them all.

5. Protect yourself from legal actions, but keep your options open if things change in the future.

6. Stop creditors garnishing your pay, preventing you from paying your living expenses or other obligations.

   Lowering or eliminating interest so you can afford to repay your debts.

7. To protect valuable property, such as your business, from being seized or shut down by creditors.

8. You aren’t eligible for Chapter 7.

If your debts are weighing you down and you want options, A Fresh Start Law can help. If you don’t qualify for Chapter 7 bankruptcy, Chapter 13 bankruptcy and debt settlement could be another option.

Who Should Consider Chapter 13 Bankruptcy?

Someone considering filing a Chapter 13 bankruptcy usually has different problems than those who file Chapter 7. For example, their income and assets are usually more significant, and their debt problems differ.

When someone files Chapter 13, the Court issues an Order to your creditors called “an automatic stay.” This Order prohibits creditors from contacting you or taking other steps to collect.

Dorothy Bunce, the experienced Las Vegas Chapter 13 bankruptcy lawyer at A Fresh Start Law, can advise you if Chapter 13 fits your needs.

You may be a good candidate for Chapter 13 bankruptcy if you want help dealing with some of the following problems:

• Stop foreclosure or repossession and catch up on past-due payments.

• You want to pay off or eliminate as much tax debt as possible.

• You own valuable assets you need to protect, such as running your own business.

• You have a steady income and can afford to pay some of your debts.

• You are not eligible for Chapter 7.