Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debt. Bankruptcy can help you against debt abuse. The typical symptom of all bankruptcy situations is that your monthly debts exceed your monthly income.
The Benefits of Chapter 7 Bankruptcy
A Chapter 7 bankruptcy is an erase-your debts-start-fresh bankruptcy. Chapter 7 will provide you with speedy relief against the unsecured debt. Bankruptcy helps the US nationals to get back on their feet if they are devastated by debt. Since the legal process is difficult to deal with most people, it is essential to understand the bankruptcy process and a bankruptcy attorney can help you with this. Our Las Vegas bankruptcy attorney can assist you during the initial consultation as well as during the complete bankruptcy process. The chapter 7 bankruptcy process starts with the filing of the bankruptcy petition. First, we need to provide all the required information to the attorney and the debt relief attorney will prepare all the statements using the information you provide.
What is Chapter 13 Bankruptcy and Is Chapter 13 bankruptcy worth it?
In Chapter 13 bankruptcy, the debtor's finances are transformed and a plan is developed for the debtor to repay their loans in a set period. Chapter 13 bankruptcy is different from a Chapter 7 filing, which simply terminates your assets to pay back creditors. A local bankruptcy attorney can provide more precise information about how bankruptcy might proceed in your particular case. Chapter 13 bankruptcy allows you to keep your home or your car, even if you have been behind on payments.
Certain debts that are not dis-chargeable in Chapter 7 bankruptcy, can be discharged in Chapter 13 bankruptcy. You need an experienced chapter 13 bankruptcy lawyer on your side to apply the various bankruptcy rules in your particular case to ensure that you obtain the full benefits of the bankruptcy laws.
Debt Collection Abuse Help
Being a victim of abusive and harassing debt collectors, you should be active to get your rights as early as possible. To conclude, you should prepare a plan and file your bankruptcy application with the help of an attorney. Our experienced and efficient Las Vegas bankruptcy Lawyers are always here to assist you through every aspect of the law process and make it as quick and as easy as possible.
Freedom Law Firm offers legal assistance for Bankruptcy, Foreclosure & Debt Collection Abuse Help In Southern Nevada. All of your information is kept 100% confidential, and we do not charge anything for an initial consultation. For more information call our office at (702) 880-5554
Freedom Law Firm
8985 S Eastern Ave #350
Las Vegas, NV 89123
Phone : (702) 880-5554
Email : email@example.com