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Bankruptcy Lawyer Serving Las Vegas

If you or someone you know is drowning in debt, filing for bankruptcy may be an appropriate option. To make an educated determination, it is in your best interests to consult a Las Vegas bankruptcy attorney from Advanced Litigation Services. Chapter 13, also known as “wage-earners bankruptcy” allows individuals and spouses to create a bankruptcy court approved debt repayment plan, which can last anywhere between 3-5 years.

Our firm helps clients to make informed decisions about their financial future. We will go over all of the details of your debts to help you figure out whether filing for bankruptcy is the best option or if there are alternatives to bankruptcy that may be more appropriate. We can help stop creditor harassment and constant phone calls, which is generally well known when people are behind on their bill payments.

 

Should I File Chapter 7 or Chapter 13 Bankruptcy?

Many people don’t know the difference between Chapter 7 and Chapter 13 bankruptcy. When an individual or spouses are looking at the options, a thorough examination of their finances will be done to ascertain the amount of disposable income is generated monthly. If the amount is calculated to be under $10,000 in a 5 year period, a client will most likely qualify for Chapter 7, which will liquidate assets and clear the leftover debt with creditors. If it is over $10,000 in a 5-year period though, a Chapter 13 debt repayment plan will be necessary.

We will discuss your options during initial consultation and provide you with simple information that explains the bankruptcy process. If it is decided that Chapter 13 is the best route, our approach is very streamlined. There are no lengthy forms to fill out and you will know exactly what to expect in the coming weeks, months and possibly, years. You can also refer your creditor calls to our office, which can bring much needed peace of mind.

Contact a Las Vegas Chapter 13 Bankruptcy Lawyer from our firm now to set up a free consultation to go over your options.