Nevada Chapter 13 Bankruptcy Lawyer

In this tough economy, many people are finding it necessary to seek debt relief by filing for bankruptcy. This can be a viable step towards getting back to financial security. Chapter 13 bankruptcy is designed for those who are trying to protect and hold onto assets, such as a house and car. If you are considering filing for a Chapter 13 bankruptcy, then you should consider hiring a Chapter 13 bankruptcy lawyer for your case.

At Diaz & Galt, Attorneys at Law, our lawyers have the experience and knowledge to help you. Dealing with representatives of banks and other lenders can be difficult. Having a lawyer fight for your interests can considerably ease this process. If you live anywhere in Nevada and need to file for Chapter 13 bankruptcy, call today at 877.324.6443.

Chapter 13 Bankruptcy

If you have failed the means test for Chapter 7 bankruptcy or face significant amounts of debt on your secured loans, you may be eligible for Chapter 13 bankruptcy. This will allow you to reorganize your debt. You will still have to pay back all debt on secured loans, such as mortgages and car payments. However, a new payment plan can be worked out that may prevent repossession and foreclosure. Furthermore, you will only have to pay back a percentage of your unsecured debt, like credit card bills. You and your lawyer will create a budget, which will legally determine the amount owed on unsecured debt.

You Have Options

Chapter 13 bankruptcy allows for several different ways to restructure your debt, including:

• Restructuring mortgage payments
  A lawyer may be able to help you stay in your house. This will require your mortgage and payment plan to be restructured in a way that is appropriate for your financial situation. It will also require you to set up a payment plan for past due mortgage payments if you have them.
• Eliminating second and third mortgages
  If your home is worth less than the amount of what you owe on your first mortgage, you may be eligible to have your second and third mortgages dismissed. This can result in thousands of dollars saved.
• Lower automobile payments
  If you have a vehicle that is being financed, it is possible through Chapter 13 bankruptcy to only pay the actual value of the car. This will be determined by researching its fair market value. This can save hundreds or thousands in interest and late fees.

Chapter 13 Bankruptcy Can Help You Get Back on Track

Because creditors and lenders will have their representation, it is smart to hire a lawyer of your own to represent you and your interests. This may help protect lenders and creditors from taking advantage of you.

To adequately make sure your interests and rights are safe, you will need an experienced Chapter 13 bankruptcy lawyer. At Diaz & Galt, Attorneys at Law, we regularly help individuals and families through Chapter 13 and help get them back on the road to financial stability. Call 877.324.6443 for a free consultation regarding your case. We have offices in Reno and Las Vegas for your convenience, and are proud to represent clients from anywhere in Nevada.