Frequently Asked Questions

What does the term “bankruptcy” mean?The term bankruptcy is defined as a federal court process that allows consumers to eliminate the debts that they owe to their creditors.  Before anyone can file for bankruptcy, they must meet their states’ eligibility requirements.  Additionally, they will have to complete credit counseling and a means test.

Will I lose my house or car if I file for bankruptcy?
The answer to this question will vary and will depend upon an individual’s circumstances.  In some cases, people will be able to keep their assets, especially in cases where people file for Chapter 13 Bankruptcy.  However, in cases where people file for Chapter 7 Bankruptcy, they may lose their assets through the process of liquidation.

What is credit counseling?  Do I have to complete it?
Credit counseling is mandatory for all those who wish to file for bankruptcy.  If people do not complete credit counseling 180 days before they file their paperwork, they will be considered ineligible and will not be allowed to file for bankruptcy.

What should I do if I am being harassed by bill collectors?
If you are being harassed by your creditors, you should review your legal options with a qualified lawyer, like the lawyers at The Las Vegas Bankruptcy Law Firm. Under the FDCPA, it is illegal for creditors to harass debtors.  Anytime creditors engage in menacing behaviors, they are acting in an illegal manner and should always be held accountable for their actions.

What sort of bankruptcies does your firm handle?
At The Las Vegas Bankruptcy Law Firm we represent those individuals who are looking to file for consumer bankruptcy like Chapter 7 and Chapter 13.

Contact us today to learn how our Las Vegas bankruptcy lawyers can make a positive difference in your case!

The Las Vegas Bankruptcy Law Firm represents individuals who wish to file for bankruptcy in Las Vegas, Nevada.