Making the decision to file for bankruptcy can be as big a decision as buying a house or changing careers.  It can impact your life for years.  That is why I make sure that every person I meet with about bankruptcy understands all of their options – including their non-bankruptcy choices.  

     I was born and raised in Las Vegas and have been practicing bankruptcy law for over 26 years.  I take great pride in knowing that every one of my clients knows exactly what their bankruptcy will specifically accomplish for them.  There should not be any mystery about filing for bankruptcy.  Understanding how bankruptcy works and what it will do for you and your family is crucial.  Do not be confused about foreclosures, short sales, tax liens, Chapter 7 or Chapter 13 bankruptcies anymore.  For the last 6 years I have also served as a Chapter 7 and 11 bankruptcy trustee in over 5,000 bankruptcy cases in Southern Nevada.  The opportunity to serve as a trustee has given me invaluable knowledge into not only bankruptcy law, but also the expectations of the Office of the U.S. Trustee and the Department of Justice who oversee all bankruptcy filings.  I put this experience and insight to work for my clients.

     Come in and talk to me about your specific financial problems and find out how the bankruptcy laws can work for you.  Call me today for a free consultation.

Chapter 7

Chapter 7 bankruptcy is often used to eliminate debts such as credit card bills, payday loans, medical bills, and personal loans.   It can even eliminate mortgage deficiencies.

It is the most common type of bankruptcy and is often used when people lose their jobs, get divorced, or incur large medical bills and are unable to pay their debts.

This type of bankruptcy is short – usually taking only four months to complete.  However there are dangers to filing a Chapter 7.  That is why it is important to consult a professional before filing a Chapter 7 bankruptcy.

Chapter 13

Chapter 13 bankruptcy enables an individual to reorganize their debt so they can repay a portion of it over a period of time.

These bankruptcies typically last 3 – 5 years as the individual is usually catching up on missed mortgage payments to save their home from foreclosure, past-due car payments to prevent reposession or tax payments. 

Sometimes all a person needs is time to get caught up.  Chapter 13 gives the consumer that time.  Chapter 13 plans force the creditors to leave the debtor alone so they can catch up on missed payments.

Chapter 13 bankruptcy can also be used to stop IRS collections so that a repayment plan can be put in place.  Best of all, tax penalties can usually be eliminated in Chapter 13.