Bankruptcy
- Home /
- Service /
- Bankruptcy
Deciding to file for bankruptcy is a major choice, comparable to buying a house or changing careers. With over 30 years of experience in bankruptcy law, I take pride in ensuring that each client understands all their options, including non-bankruptcy alternatives. Understanding the impact and benefits of bankruptcy is crucial, additionally, I bring valuable insights from serving as a bankruptcy trustee since 2011. Let’s discuss your financial challenges and how bankruptcy laws can work for you. Call me today.
Filing for bankruptcy shouldn't be shrouded in mystery....
Chapter 7 bankruptcy discharges debts like credit card bills, payday loans, medical bills, and personal loans. It can also eliminate mortgage deficiencies, repossession deficiencies, unemployment overpayments and some taxes. This swift process takes around four months to complete. However, it’s crucial to seek professional guidance due to potential risks involved.
Chapter 13 bankruptcy allows individuals to reorganize their debt and repay a portion of it over a period of 3-5 years. It helps prevent home foreclosure, car repossession, and resolves tax payment issues. With Chapter 13, debtors are given the time and protection needed to catch up on missed payments and create a manageable repayment plan, often eliminating tax penalties in the process.
Hiring a Las Vegas bankruptcy lawyer provides numerous advantages, including guidance on the most common types of bankruptcy: Chapter 7 and Chapter 13. The appropriate choice between the two depends on many factors including home ownership, employment status, size of family and financial standing. We will thoroughly explain each type of bankruptcy and recommend the best option for your specific case.
As soon as you retain our firm for a bankruptcy, you can refer your creditors to our office.
At the heart of Krohn Law Office is a dedicated and personalized approach, where the clients are always the top priority.
Complete the form below, and a representative from Krohn Law Office will contact you soon.