Top Rated Las Vegas Bankruptcy Attorney
We have helped tens of thousands of Nevadans file bankruptcy over the last two decades.
Telephone appointments
with premier bankruptcy attorney Anthony DeLuca are available. Call now for your free consultation!
BANKRUPTCY MAY
ELIMINATE
- CREDIT CARD BILLS
- MEDICAL BILLS
- FORECLOSURE PROCESS
- WAGE GARNISHMENT
- CREDITOR HARASSMENT
BANKRUPTCY MAY
PROTECT
- YOUR HOME
- YOUR CAR
- YOUR WAGES
- YOUR FURNITURE
- YOUR ASSETS
Las Vegas Chapter 7 Bankruptcy
Eliminate your unsecured debt, stop foreclosure on your home, and get a chance to start fresh. If you are simply overwhelmed with debt, chapter 7 bankruptcy may be the right choice for you.
Las Vegas Chapter 13 Bankruptcy
Chapter 13 bankruptcy can help you save your home and restore relationships with lenders. If you need help getting your finances back on track, chapter 13 bankruptcy may be the solution.
DeLuca & Associates Bankruptcy FAQs
Bankruptcy, as understood by DeLuca & Associate Bankruptcy Law in Las Vegas, is a legal recourse tailored to assist individuals or businesses facing insurmountable debt burdens. It provides avenues for the reduction or elimination of debts while operating under the protection of the bankruptcy court.
Credit scores often go up after bankruptcy. By the time a person reaches the point of filing for bankruptcy, the credit score has already been severely damaged. As such, credit scores actually rise about 90 points in the one year following bankruptcy. You will still likely get credit card offers almost immediately after the bankruptcy is discharged and closed which is normally approximately 90 days after filing.
You are welcome to apply for a home mortgage one day after bankruptcy. However, typically it takes about two years after the bankruptcy before a mortgage lender will seriously consider you for a home mortgage.
Your credit scores will begin to improve within the first year. However, the bankruptcy filing could appear as a blemish for 7-10 years. This does not mean you will be unable to get credit for 7-10 years. You will get credit cards offers almost immediately and may even buy a home within two years.
The median income is the dollar amount that a bankruptcy filer’s gross income must be less than in order to qualify for the Chapter 7 wipeout of debt. This dollar amount changes depending on what state you live in and how many people live in your house. We will be happy to review these numbers with you during your free consultation.
Not necessarily. Each state has its own exemptions that allow you to keep certain assets, such as your home, car, and personal belongings, up to a certain value. Additionally, Chapter 13 bankruptcy allows you to keep all your property while repaying your debts over time.
DeLuca & Associate Bankruptcy Law in Las Vegas specializes in various bankruptcy types, notably Chapter 7 and Chapter 13. Chapter 7 entails asset liquidation to settle debts, while Chapter 13 involves formulating a structured repayment plan over a specified period.
Absolutely. Filing for bankruptcy triggers an automatic stay, a legal provision that bars creditors from pursuing collection actions against you. This includes calls, letters, lawsuits, and wage garnishments.
Not necessarily. DeLuca & Associate Bankruptcy Law in Las Vegas leverages state-specific exemptions that safeguard certain assets, such as homes, vehicles, and personal belongings, up to predetermined values. Moreover, Chapter 13 bankruptcy enables asset retention while executing a debt repayment strategy.
The duration of bankruptcy proceedings varies based on the type of bankruptcy filed and the specifics of each case. Generally, Chapter 7 cases wrap up within a few months, while Chapter 13 cases typically span three to five years.
Yes, you’ll be required to participate in a meeting of creditors, also known as a 341 meeting, where you’ll provide sworn testimony regarding your financial affairs. However, for most cases handled by DeLuca & Associate Bankruptcy Law in Las Vegas, this meeting is the sole court appearance needed.
Although bankruptcy can discharge numerous debts, there are exceptions like child support, alimony, student loans (in most cases), and specific tax obligations. DeLuca & Associate Bankruptcy Law in Las Vegas advises clients to discuss their unique debt portfolio with their attorneys.
Deciding on bankruptcy necessitates careful evaluation of your financial circumstances and objectives. DeLuca & Associate Bankruptcy Law in Las Vegas offers personalized consultations to help clients assess their options and chart the most suitable path forward.
Get a Free Bankruptcy Consultation
Set up your free consultation with Attorney Anthony DeLuca or one of his associates to go over your Las Vegas bankruptcy.