If you find yourself in what may be the most difficult financial period of your life, a bankruptcy lawyer in Las Vegas, NV, from Johnson & Gubler, P.C., can help. There is a common misconception that bankruptcy can destroy a person’s life, credit, and capacity to earn a good income. These misconceptions, however, have been perpetuated by individuals who have little to no understanding of the subject. However, it’s important to know the truth that for some individuals, filing for bankruptcy is the best option for a clean financial slate. Here is how our attorneys can help you.
Understanding Debt Relief & Bankruptcy
Debt relief is a general term that encompasses all methods of resolving debt, which may include debt management, credit counseling, debt consolidation, debt settlement, and bankruptcy. When you file for bankruptcy, you are petitioning the court to relieve you of some or even all of your debt, depending on the severity of your case. While it may not clear every type of debt, it can help to eliminate a great deal of unsecured debt (medical, credit cards, or other debts with no collateral involved).
What a Bankruptcy Lawyer Does for You
A bankruptcy lawyer can help you recover from debt using a variety of debt relief methods, as mentioned above. Having a reputable attorney at your side as you navigate the debt relief process can put you at a significant advantage as you will receive careful guidance at every step, as well as someone who can communicate and negotiate with your creditors on your behalf. In many cases, your bankruptcy lawyer may even be able to lower the amount you owe to achieve a settlement deal.
Which Bankruptcy Forgives Most Debts?
There are several types of bankruptcy you can file under the United States Bankruptcy Code. Chapter 7, also known as liquidation bankruptcy, is the most common type of bankruptcy filing as it tends to cover debt the most. Chapter 7 releases you from any further responsibility for any discharged debt, no matter what amount or form of compensation your creditors get. However, your credit score may take a significant hit temporarily, and you may also lose any non-exempt property. While filing for bankruptcy might provide a new financial beginning, you should still consider all of your options before making any premature judgments.
Reputable Bankruptcy Lawyers in Las Vegas, NV
Located in Las Vegas, Nevada’s The Lakes Business Park just outside of Summerlin, Johnson & Gubler, P.C. is a full-service legal firm specializing in bankruptcy, business law, corporate law, complex commercial litigation, creditor rights, collection law, contracts, insurance law, real estate, landlord law, personal injury, wills and trusts, estate planning, water law, foreclosures, construction law, mechanic’s lien, and more.
Bankruptcy is a serious option that should only be considered by individuals who are genuinely struggling. If you’re considering filing for debt relief, the bankruptcy lawyers at Johnson & Gubler, P.C. can advise you on the best next steps to take. Mr. Matthew Johnson is one of only a select few Nevada lawyers to be Board Certified in Business Bankruptcy Law. Filing for bankruptcy may not always be the best option, and sometimes a repayment plan or claiming the appropriate exemptions under Nevada law can benefit you more. Explore all your options by contacting us today at (702) 471-0065.