Bankruptcy Lawyer in Las Vegas
Contrary to popular belief, there is more than one way to file bankruptcy. For individuals, there are Chapter 7 bankruptcies and Chapter 13 bankruptcies, and, depending on your financial situation, one might be better than the other for you.
If you’re considering filing bankruptcy, the attorneys at Tony M May PC understand that you’re in a difficult place financially. With that in mind, we educate each client we work with about the benefits and downsides of both types of bankruptcy. Additionally, we can help you determine whether or not you need to file bankruptcy at all with our half hour free legal bankruptcy consultations!
Chapter 7 Bankruptcies in Las Vegas
Chapter 7 bankruptcies are the ones that everyone has heard of. This type of bankruptcy will require liquidation of non-essential valuables but will keep all of your creditors from calling you and may allow you to keep your home, your car, and other important possessions.
This is a good option for those with a low income and a lot of debt. However, each individual bankruptcy case is different and should be treated accordingly. Our attorneys will evaluate your level of debt and your income to determine whether or not you qualify for filing a Chapter 7 bankruptcy in Las Vegas. Then, we will walk you through the bankruptcy process until you get your desired discharge.
Bankruptcy in Las Vegas: Chapter 13
If you make above a certain amount of income per person in your household, you will not be qualified to file a Chapter 7 bankruptcy in Las Vegas. However, there is still a way to keep the creditors from continuing to hound you.
When you file a Chapter 13 bankruptcy, you will get an extension on the payments you need to make to pay off your debt, which is usually 3-5 years.
Choosing between Chapter 13 and Chapter 7 bankruptcies in Las Vegas can be difficult, so get the legal help you need during your bankruptcy by calling the office of Tony May PC at (702) 388-0404!