Las Vegas, Nevada Foreclosure Attorney
Chapter 13 Bankruptcy is a process where a plan is proposed to pay general unsecured creditors based on your ability. Regardless of the amount paid, so long as you pay what the law says you can afford, all of the general unsecured debt is eliminated. Many people file for Chapter 13 Bankruptcy because they have the ability to pay some, but not all of their debt. A Chapter 13 Bankruptcy has additional benefits that are not provided for under Chapter 7. The following are some of the additional benefits of a Chapter 13:
Contact a Bankruptcy Lawyer in Las Vegas, Nevada today for a free case evaluation.
Eliminate 2nd and 3rd Home Mortgage
Chapter 13 Bankruptcy can "strip-off" and eliminate your 2nd and 3rd mortgage from your home. If the value of your home is less than what you owe on your 1st mortgage, you may be eligible to eliminate your 2nd and 3rd mortgages and/or home equity loans. This option may save you tens of thousands of dollars. Visit our 2nd and 3rd mortgage page to learn more.
Cure Past Due Home Mortgage and Automobile Payments
Chapter 13 Bankruptcy is effective in handling past due home and/or automobile payments. While unlike 2nd and 3rd mortgages, the Bankruptcy Law does not allow for the removal or alteration of the 1st Mortgage. However, to save your home from foreclosure, our attorney will formulate a plan for you to make manageable payments on the past due portions over the course of 3 to 5 years. Furthermore, we will propose the repayment at zero percent (0%) interest.
Pay the Value of Your Vehicle not the Amount Owed
If you financed your vehicle, the chances are that you are upside down on it, that is you owe more than it is worth. Chapter 13 Bankruptcy may allow you to pay the fair market value of your vehicle regardless of how much is owed. If you purchased your vehicle over 910 days prior to filing for Chapter 13, this option may save you thousands of dollars.
Contact a Bankruptcy Lawyer in Las Vegas, Nevada today for a free case evaluation.
Keep Property That You May Lose in a Chapter 7 Bankruptcy
Chapter 13 Bankruptcy serves as an option for people to file for Bankruptcy and retain property that they would lose in a Chapter 7. A plan will be formulated to manageably pay the value of such property over the course of 3 to 5 years.
If you would like to speak with a Bankruptcy Lawyer in Las Vegas, Nevada about Chapter 7 Bankruptcy or Chapter 13 bankruptcy, contact the Law Office of Rodney K. Okano in Las Vegas. For assistance, call (702) 566-3600.
Contact a Bankruptcy Lawyer in Las Vegas, Nevada
To schedule a free consultation with a bankruptcy lawyer in Las Vegas, Nevada, call (702) 566-3600 or contact us by e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
