How Much Debt Do I Need to File Bankruptcy in Las Vegas?
Find Out from a Las Vegas Bankruptcy Attorney
There is no minimum amount of debt that is required in order to qualify for the ability to file bankruptcy protection in Nevada. In most cases, to file bankruptcy or not is a personal choice. Filing bankruptcy is different for every person. If you file for bankruptcy will be determined by your independent circumstances.
Thus, if you are wondering of you have enough debt to file bankruptcy you should ask yourself the following questions.
- Are you being threatened by a lawsuit for unpaid bills?
- Do you have medical bills that you will never be able to pay?
- Are you facing an eviction or a foreclosure on your residence?
- Facing a repossession or in fear of losing your vehicle?
- Do you have a wage garnishment against you?
- Are you not able to make more than the minimum payments on your credit cards?
- Have your utilities been shut off recently?
If you have answered yes to any of the following questions, filing chapter 7 or chapter 13 bankruptcy could definitely a beneficial form of debt relief. Contacting an experienced bankruptcy attorney may help you better determine if declaring bankruptcy is in the best interest of you and your family.
People in Las Vegas and throughout Nevada considering declaring bankruptcy often wonder if their debt is large enough to qualify them for the protection they seek. There is no minimum debt requirement in bankruptcy. How much debt you have is certainly an important consideration when determining whether bankruptcy is in your best interest.
Should you Proceed Declaring Bankruptcy?
The beginning process in bankruptcy starts with meeting with a bankruptcy attorney and determining if bankruptcy is the right debt relief option. An experienced bankruptcy attorney can also advise you as to which chapter of bankruptcy suits your situation the best. Chances are, either chapter 7 or chapter 13 bankruptcy will be advised as they are the 2 most popular forms of bankruptcy protection in Nevada.
In many cases, when seeking a bankruptcy lawyer in Las Vegas or Nevada it is usual to find a bankruptcy lawyer who offers a no obligation, a free consultation. A free bankruptcy consult is used to explore the facts and details of the individual’s case with an experienced lawyer. Often, determination of the feasibility of filing bankruptcy can be determined. However, please keep in mind, filing bankruptcy is not an option for everyone or for every situation.
No matter what type of debt relief you choose to pursue, bankruptcy lawyer Erik Severino is able to assist. As an experienced Nevada debt relief attorney, Erik has personally filed for debt relief for thousands of people in Las Vegas and throughout Nevada. Erik and his dedicated bankruptcy staff understand that financial concerns can be very stressful. That is why he offers a FREE debt relief consultation to see what option is best for you to regain control of your finances. The Law Offices of Erik Severino welcome you to contact us today.