1. Home
  2. How Does Bankruptcy Work in Las Vegas

How does bankruptcy work in Las Vegas

When you are running low on money, you may think there is no way up. Fortunately, you still have one option that could eliminate your debt and give you a fresh start. This is through bankruptcy. If you are left wondering, “How does bankruptcy work in Las Vegas,” you need to consult an attorney who can walk you through the process. It’s likely that you will be in need of filing for Chapter 7. This makes up the vast majority of non-business bankruptcy cases. When you file Chapter 7, all of your debt is discharged and you will not have to repay it. Of course, this doesn’t come without negatives. You will likely have to sell some of your assets to a court appointed bankruptcy trustee. The money from these assets will cover the costs of the administrative fees and be given to your creditors. Fortunatley, you are still allowed to keep key assets including up to $16,500 equity in your home and $2,575 equity in your car. If you are filing as a married couple, these amounts will be double.

Naturally, you will be left asking, “How does bankruptcy work in Las Vegas,” when you are in such financial crisis. If you find yourself falling deeper and deeper into the hole of debt, you need to team up with a professional. I work as an attorney serving Clark County. With the experience I have helping others get out of debt, you can trust that I am the right professional to help you through this process. I’ll make sure you are fully informed on the different types of bankruptcy and are making the right decision in filing. This can change your life. You just want to be sure that filing for bankruptcy is going to do so for the better. Give me a call today so together we can go over your financial situation and draft a plan for your future. No one should be buried under a mountain of debt with no way to climb out. Everyone deserves a second chance. Contact me now to learn how this can affect you.

  • How does bankruptcy work in Las Vegas?  Find out by contacting me.