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Welcome to the web site of Las Vegas Bankruptcy Lawyer
Shawn Christopher! My firm represents clients from the Greater
Las Vegas area who are filing Bankruptcy in Nevada.
With the recent shift in the real estate and mortgage industries
in Las Vegas, more people are feeling smothered by mortgage
obligations and ever increasing credit card payments. This
has greatly contributed to Nevada having one of the highest
foreclosure rates in the country.
The
decision to file for Bankruptcy is a difficult
one, often considered the worst case scenario. However, in
many instances it may be your best option. For example, filing
for Bankruptcy can stop a foreclosure, repossession,
or garnishment, allowing you some precious time to deal with
your financial troubles. In addition, you may be able to eliminate
many types of your debt (in a Chapter 7)
or develop a payment schedule (in a Chapter 13)
to ease your financial burden. Each client's unique situation
will dictate whether a client should file for Bankruptcy,
and then if a Chapter 7 or Chapter
13 filing is appropriate. Contact Nevada
Bankruptcy Lawyer Shawn Christopher to arrange a
free consultation to see if Bankruptcy makes
sense for you.
Bankruptcy
Basics
Bankruptcy
is a legal proceeding in which a person who can not pay their
bills gets a fresh financial start. The right to file for
Bankruptcy is provided by federal law, and
all Bankruptcy cases are handled in federal
court. Filing Bankruptcy immediately stops
your creditors from seeking to collect debts from you, at
least until they are sorted out according to the law.
MORE
Chapter 7 Bankruptcy
Chapter 7 filings are commonly
known as the “straight” Bankruptcy.
These filings are for the traditional liquidation of personal,
business or partnership assets. By extinguishing these debts,
you will in effect get a fresh start. In addition, you are
able to stop a foreclosure or repossession. MORE
Chapter
13 Bankruptcy
Unlike Chapter 7 filings,
Chapter 13 filings do not just wipe out your
debts. You will have to make payments over a 3 to 5 year period
to the Bankruptcy Trustee, who will then
pay your creditors. Typically, these payments to your creditors
are less than your regular monthly payments. A payment plan
will have to be developed which will allow you to pay all
of your living expenses and secured obligations and a portion
of your unsecured obligations. MORE
Options
to Stop Foreclosure
One of the possible benefits to filing Bankruptcy
is the "automatic stay", which stops most types
of legal actions against a debtor, including foreclosure.
However, in many instances homeowners are facing foreclosure
do not want to, or can not, file for Bankruptcy. In these
instances, our firm can assist with other other means that
may help a debtor avoid foreclosure and/or Bankruptcy. MORE
Frequently
Asked Bankruptcy Questions
Here are some of the
common questions that we hear from our clients.
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