J. Scott Dilbeck Bankruptcy Law Blog on Lawyers.com

Deciding Which Type of Bankruptcy is Right For You

Thursday, January 29, 2009 by J. Scott Dilbeck

Before one can file for bankruptcy in Nevada, provisions in the new bankruptcy laws mandate that one must complete a credit counseling course. A personal financial management seminar must be completed later. The Las Vegas bankruptcy lawyers at Naimi and Dilbeck, specialize in filing personal bankruptcy claims, have arranged for these courses to be conveniently completed online at your home. We then begin compiling the information needed to complete your bankruptcy petition and schedules, including a list of your creditors, a compilation of your property and other assets, and documentation of your income.

After completing the credit counseling course, we will discuss which type of bankruptcy is right for you. Under Chapter 7 bankruptcy, you will receive a complete discharge about four months after filing. At the time you receive your bankruptcy discharge, most or all or your debt is erased, and you will have the fresh financial start you deserve. Under Chapter 13 bankruptcy, the intention is to pay off a portion of your debt, often pennies on the dollar, and you will receive a discharge in 3-5 years after making all of your planned payments.

For more information on filing bankruptcy in Nevada, and to discuss which legal options are best for your financial circumstances, please contact us today for a free consultation.

Naimi and Dilbeck Attorneys at Law
6053 S Fort Apache Rd. Ste 120
Las Vegas, NV 89148
Tel: 866-656-4758

Posted at 15:49 PM
Topic: Bankruptcy
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