Krieger Law Group, LLC
Law
Las Vegas / NV / US
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If you feel like you’re drowning in debt and make less than Nevada’s median income, you may want to consider filing for Chapter 7 bankruptcy. Chapter 7 bankruptcy wipes the slate clean, completely eliminating eligible debts. It can erase credit card debt, personal loans, checking account overdrafts, certain tax debts, medical bills, and utility charges. Chapter 7 bankruptcy allows you to take a breather by liquidating your assets, reorganizing your finances, and hitting the reset button your financial life.
Chapter 7 conveys a number of benefits:
Speed: It typically takes only four to six months from the day your case is filed until the day your debts are discharged
Simplicity: There are no payments to your creditors. You work with a bankruptcy attorney to prepare the necessary paperwork, file your case, and have your eligible debts discharged
Protection: Creditors must stop collection calls, wage garnishments, lawsuits against you, repossessions, and foreclosures
Retain Property: You may be able to keep some of your property in a Chapter 7 filing, such as your house, car, retirement accounts, and household furnishings
Long-Term Credit Score Improvement: Over time, most people who file Chapter 7 rebuild their credit scores; they are able to get their finances under control, rather than continuing to struggle under an increasing debt load.
Chapter 7 conveys a number of benefits:
Speed: It typically takes only four to six months from the day your case is filed until the day your debts are discharged
Simplicity: There are no payments to your creditors. You work with a bankruptcy attorney to prepare the necessary paperwork, file your case, and have your eligible debts discharged
Protection: Creditors must stop collection calls, wage garnishments, lawsuits against you, repossessions, and foreclosures
Retain Property: You may be able to keep some of your property in a Chapter 7 filing, such as your house, car, retirement accounts, and household furnishings
Long-Term Credit Score Improvement: Over time, most people who file Chapter 7 rebuild their credit scores; they are able to get their finances under control, rather than continuing to struggle under an increasing debt load.
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