Business And Personal Bankruptcy Services For Nevada, Colorado And Utah
The U.S. Bankruptcy Code allows individuals, families and business owners to get a fresh start from debt. If you have been unable to see your way clear of the heavy burden of debt, talk to a debt relief attorney at our firm.
From offices located in Las Vegas, Ft. Collins and St. George, we help clients file for bankruptcy in Nevada, Colorado and Utah. Call us toll free at 800-587-0522 or contact us by email to arrange a free initial consultation with an experienced Las Vegas bankruptcy* lawyer at our firm today.
Business Bankruptcy — Operate Your Business With Improved Cash Flow
Businesses that are unable to meet their debt obligations to creditors may have the option of filing for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Business bankruptcy requires an in-depth understanding of negotiating with business creditors in order to develop a satisfactory debt restructure plan approved by courts.
We Use Chapter 11 To Restructure Businesses To Become Profitable
Lawyers|West is one of the few bankruptcy law firms in Nevada, Colorado, Utah or Arizona that can demonstrate an extensive record of successful Chapter 11 bankruptcy filings. Under terms of Chapter 11 bankruptcy, owners' personal assets are protected from legal judgment and creditors must cease all legal collections remedies and judgments against the business. While under bankruptcy protection, you will be able to operate your business as usual, while working to successfully emerge from debt.
Chapter 7 Bankruptcy For Business Owners, Professionals And High-Asset Individuals
Sometimes through business decisions or investments, business owners get themselves too deep in debt. Chapter 7 bankruptcy can help business owners protect themselves from personal liability, so you can get on with your life and your business operations. If you are a business owner or licensed professional facing personal debt liability in Nevada, Colorado or Utah, talk to a member of our business bankruptcy team at Lawyers|West.
Chapter 7 For Individuals And Families
Through Chapter 7, you can write off debt such as credit cards, medical bills, tax arrears under certain circumstances and secured loans such as boat loans and auto loans. You will not be able to eliminate student loans, alimony or child support arrears. In most cases, you may be able to keep your house and one family car, depending upon meeting conditions of the exemption. Not everyone qualifies for Chapter 7 debt elimination. You will be subject to a means test to determine whether your income-to-debt ratio qualifies. If your income is too high, relative to the debts you owe, you will qualify for Chapter 13 debt reorganization.
Chapter 13 — Reduce Your Total Monthly Debt Payments
Business owners can also file for Chapter 13 personal debt reorganization, then convert to a Chapter 11 business debt restructuring to help their business become profitable. You can reorganize a Chapter 13 business. Under Chapter 13 bankruptcy, you reorganize your debts under a court-supervised repayment plan. Chapter 13 should not be thought of as a poor substitute for those who fail to qualify for Chapter 7. In the first place, Chapter 13 allows you to lump all of your debt into a single three- or five-year monthly plan. Under terms of the restructure, you will save a significant amount of money in interest, penalties, fees and even the amount of money owed in some cases. At successful conclusion of the plan, you will have any remaining money owed eliminated. Chapter 13 allows you to include student loans, tax debt, mortgage, alimony and child support arrears. In fact every kind of debt may be included. Chapter 13 allows you to stay in your house, if you choose, and strip off a second mortgage if you are underwater with your property value.
Stop Creditor Harassment
If you are tired of trying to deal with harassing collections calls and legal actions, bankruptcy may be the right option for you. When you file, an automatic stay (stop) of all legal actions goes into place immediately. Creditors are required to take all further collections actions through your attorneys' office.
File bankruptcy and put an end to:
- Harassing collection calls
- Threatening letters from creditors
- Wage garnishment
- Liens against your property
- Mortgage foreclosure
- Car repossession
Free Consultation | Affordable Rates | Spanish Interpreters
Wherever you are in Nevada, Colorado or Utah, call toll free at 800-587-0522 or use our convenient email contact form to arrange a free initial consultation. Discover why our reputation speaks for itself: When you choose Lawyers|West, you have chosen well. We do not aggressively advocate for legal options that are not right for your immediate needs and long-term objectives. You will find our lawyers and staff personable and friendly, focused on building a professional relationship that makes a successful difference.
Contact An Experienced Henderson Chapter 11 Lawyer
Local office hours at all locations are from 8 a.m. to 5 p.m. weekdays. Evening appointments may be made by special arrangement. Our firm is known for integrity, including competitive fees and responsible billing policies.
In addition to Spanish interpreters, we also have staff members who speak French and Russian.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.