Las Vegas Bankruptcy Attorneys
There are several types of bankruptcy to choose from, as well as many important steps you should take to prepare before you file for bankruptcy. Our Las Vegas Bankruptcy Attorneys will help you determine whether filing for bankruptcy is the right option for you, and if it is, we will handle your bankruptcy case from beginning to end. As part of this process, our lawyers and staff will aggressively pursue all avenues to drastically reduce, restructure, or eliminate your debt.
What is bankruptcy?
Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Consumer bankruptcies can generally be described as “liquidation” (Chapter 7) or “reorganization” (Chapter 13).
What’s the main difference between Chapter 7 and Chapter 13?
Under a Chapter 7 bankruptcy, your lawyer asks the bankruptcy court to wipe out (discharge) the debts you owe. Under a Chapter 13 bankruptcy, your attorney files a plan with the bankruptcy court proposing how you will repay your creditors. You must repay some debts in full; others may be repaid only partially or not at all, depending on what you can afford.