Nevada Bankruptcy Lawyer

If you find yourself overwhelmed by debt and unable to pay your bills, declaring bankruptcy may be an option. Bankruptcy does not only exist for corporations and the wealthy – there are procedures in place to help out people of all income levels. Every day, the law deals with individuals using the bankruptcy laws for the reason they were written: to get financial help.

If you need to declare bankruptcy or are considering it, finding a lawyer you can trust is important. At Diaz & Galt, Attorneys at Law, our bankruptcy lawyers have decades of experience in the legal system and are standing by to help. To get in touch with an experienced bankruptcy lawyer, even if you simply want information, call our 877.324.6443 for a free consultation. We are proud to serve clients from all over Nevada.

Types of Bankruptcy

There are two types available: Chapter 7 and Chapter 13. Your circumstances will decide which route you must take.

• Chapter 7 bankruptcy is generally the simplest form of bankruptcy. It provides for the discharge of all unsecured debt, such as credit card bills and payday loans. Secured debt, such as home and vehicle loans, must still be paid. However, filing for Chapter 7 may allow you to put a stop to repossessions and foreclosures, giving you time to negotiate with your lender or become current on your payments. Eligibility for Chapter 7 is determined by a means test: if your income is above the median adjusted income for your area, you are not eligible for Chapter 7. Fortunately, there are other options.
• Chapter 13 bankruptcy is an option for people who fail the means test or who have significant debt on their secured loans. It can give you time to catch up on your payments on important assets. Chapter 13 is, essentially, a debt reorganization plan. You will pay back all of your secured debt over a certain period, and a percentage of your unsecured debt over that same period. This percentage will be determined by how much you can afford, and in some cases can be very low.

In addition to filing for bankruptcy, Nevada residents facing foreclosure may be interested in exploring their legal options for foreclosure defense. You are not powerless to save your house from foreclosure and repossession.

Financial Relief with Bankruptcy

There is a variety of options available to help relieve your financial situation through bankruptcy. Successfully filing may get you relief from the following common debt problems:

• Credit card bills
• Medical bills
• Tax bills and levies
• Repossession
• Foreclosures

Bankruptcy Can Safeguard Your Assets

Filing for bankruptcy can be a long and often complicated process. You may have to deal with many different regulations and codes as well as numerous different parties, such as banks and their lawyers, as well as the IRS.

When dealing with bank and creditor lawyers, it is important to realize that they are working to get the best financial outcome for their clients: lenders. They will be working to obtain the best monetary position they can. If they have representation, you should too.

At Diaz & Galt, Attorneys at Law, we help clients through the bankruptcy process on a regular basis. Our experienced bankruptcy lawyers are standing by to hear your case. Don't wait to start safeguarding your assets. For a free consultation with an experienced lawyer, call 877.324.6443. We represent clients from anywhere in Nevada at our offices in Reno and Las Vegas.