Chapter 7 Bankruptcy

Las Vegas Chapter 7 Bankruptcy Lawyer

Have you realized there is no way you will ever be able to pay your debts? You may be eligible for relief under a Chapter 7 bankruptcy. Lawyers at our Las Vegas, Nevada, firm, Nevada Debt Solutions (a division of Harris Schwartz Lawyers ) represent people who, through no fault of their own, are overwhelmed by debt. If you would like to speak with an attorney about getting a fresh start through a Chapter 7 filing, please contact our Las Vegas office to arrange a consultation. When you file bankruptcy, the court places an automatic stay on collection actions, including foreclosure, repossession, and garnishment of wages.

File Chapter 7 bankruptcy — a clean slate, a fresh start

Under Chapter 7 bankruptcy, often called a "fresh start bankruptcy," or "straight bankruptcy," the bankruptcy court eliminates debt, discharging certain unsecured debts altogether. If you are eligible for a Chapter 7 bankruptcy, your credit card debt and medical bills may be wiped out altogether, allowing you to start with a clean slate. It is important to file Chapter 7 as soon as possible to get maximum benefit.

How long does a Chapter 7 bankruptcy take?

The whole process usually takes less than three months. As soon as our attorney has filed bankruptcy on your behalf, we will be able to stop the harassing phone calls and other creditor harassment, and stop processes leading to foreclosure, repossession and wage garnishment until the court decides what is fair.

What about my car and my house?

When your attorney submits a Chapter 7 bankruptcy filing, a trustee appointed by the court will look at the whole picture: your income, your property and your debts. The trustee will then determine which debts are exempt, which are non-exempt, and whether there is enough equity in your non-exempt, secured property (real estate, your car, and other property named as security for loans) to make it practical to sell those assets to help pay your debts. Often, the review shows that there is not enough value to justify selling the assets, and the debtor gets a discharge without losing any property. That is a "no asset" bankruptcy case.

Consider a loan on your car. If the trustee decides that your car has enough value to sell, you will turn it over to the trustee to be sold (liquidated) and your car loan will be discharged. If you earned or received money after you filed bankruptcy you may be able to redeem the car — buy it back from the trustee.

What debts do I have to pay after a Chapter 7 bankruptcy?

Your lawyer will explain what debts cannot be discharged under Chapter 7 rules. Debts you must pay may include judgments from lawsuits and complaints, school loans, court-ordered fines and back taxes.

What debts can be discharged?

Dischargeable debts may include credit card balances, medical bills and unsecured personal loans.

Will a Chapter 7 bankruptcy ruin my credit rating?

Consumers often find that the discharge debt may result in an improved credit rating. Along with our bankruptcy services, our attorney will provide credit counseling, helping you develop a plan to rebuild credit after your bankruptcy is complete.

What if I don't qualify for a Chapter 7 bankruptcy?

If you have a good income, but are unable to make your payments, you may be eligible for a Chapter 13 bankruptcy, a reorganization and possible reduction of your debts.

Personal Bankruptcy Representation, by an Attorney, at a Fair Price: Call 880.Debt

At Nevada Debt Solutions in Las Vegas, you will have access to your attorney, pay reasonable fees and begin to rebuild your life. We provide solutions for your financial challenges.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.