Chapter 7 Bankruptcies in Las Vegas
A Chapter 7 bankruptcy can give you the chance to start over with your finances, get rid of your debts and give you a fresh new start at life. It is an appealing option for many people who are buried in debt and don’t currently have the income to pay off their debt. If you’re currently being harassed by creditors and don’t know where to turn, come talk to our attorneys about their Chapter 7 bankruptcy experience in Las Vegas at May Brock Law Group.
Because we want to make getting legal help easy and effective for you when you have an impending bankruptcy, we offer a free half-hour consultation for Chapter 7 bankruptcy cases.
Which Debts Get Erased During a Chapter 7 Bankruptcy in Las Vegas?
In a typical Chapter 7 bankruptcy, almost all of the debts are erased, giving you a fresh start with your finances. However, you might still have to pay specific types of debts, including:
- Child support
- Fraudulent debts
- Student loans
- Some charged items
If you are concerned which of your debts might not get discharged through a Chapter 7 Bankruptcy, it is best to meet with one of the bankruptcy attorneys currently practicing at May Brock Law Group to get the information and advice you need to make an educated decision.
Understanding Chapter 7 Bankruptcies in Las Vegas
Though Chapter 7 bankruptcies will give you clean slate, there are some issues that must be resolved. Typically, during the bankruptcy process, your assets will be liquidated (sold) and the money obtained distributed to your creditors. That does not mean, however, that you have to give up your home and all of your possessions.
You can file a reaffirmation agreement that indicates that you will continue to make payments on particular items, such as your car. This process, however, also prevents you from being able to file bankruptcy for the reaffirmed debt for the next several years. Therefore, you should consult with the attorneys at May Brock Law Group before you decide whether or not a reaffirmation agreement is right for you.
Before you officially file a Chapter 7 bankruptcy in Las Vegas, let the attorneys at May Brock Law Group find out what’s best for your circumstances. Call our office today at (702) 388-0404!