FREQUENTLY ASKED QUESTIONS
How Much Do You Charge?
Fair Fee Legal Services offers the best bankruptcy value in Las Vegas. Starting with just $0 down, you receive the best of the best for less. We have over 25 years of combined law experience and offer the exact same process as other bankruptcy attorneys in the city, but we do it at a much lower rate.
$0 down and affordable monthly payments retains Fair Fee Legal Services as your Las Vegas bankruptcy attorneys and takes the stress out of filing for bankruptcy. With our 3 Step Bankruptcy Program, we make the process simple and affordable. Call or text us at (702) 703-3333 for the best bankruptcy value in Las Vegas and the start of a debt free, care free life.
Do You Offer Payment Plans?
We understand the burden of debt and work diligently to help ease that burden with excellent service from expert bankruptcy lawyers at a low affordable rate starting with just $0 down and affordable monthly payments. Other bankruptcy firms will show advertising with low rates, but by the end of your payment plan you will pay over the advertised price. At Fair Fee, we’ll do the same work with better customer service for everything bankruptcy. Contact us today with $0 down and affordable monthly payments.
Contact a bankruptcy lawyer at Fair Fee Legal Services by calling us at (702) 703-3333 to get started on a future free of debt. We provide you with the best bankruptcy filing service in Las Vegas at the most affordable rate in the city.
What Is Chapter 7 Bankruptcy?
Chapter 7 is a liquidation bankruptcy option for those with a limited income in order to eliminate certain types of unsecured debt such as credit card balances or medical bills. In a Chapter 7, possessions are sold to repay your debts. There are limited exemptions on personal property.
Chapter 7 is only a viable option for consumers with a limited income. If your household income surpasses the state’s median, you are considered to have enough disposable income to repay portions of your debt and potentially require you to file for Chapter 13 bankruptcy instead. In certain cases, if your household income is above the median, you might still be able to file for Chapter 7 depending on your personal circumstances and means.
Under Chapter 7, unsecured debts such as credit cards or medical bills are discharged, however certain other debts including student loans, tax debt, alimony, and child support are not eliminated. Chapter 7 can discharge mortgage debt as well, however, it does allow the lender to foreclose on the home and hold you responsible for any deficiency between the foreclosure amount and remaining mortgage balance.
By filling out our financial survey, our team at Fair Fee Legal Services can determine which type of bankruptcy you qualify for and file your petition with the U.S. Bankruptcy Court.
What Is Chapter 13 Bankruptcy?
Chapter 13 is a repayment bankruptcy through which you enter an interest-free repayment plan over a three or five year period. Your repayment plan will require you to pay back all or most of your debt depending on your personal situation. Your court-mandated repayment plan will be determined based on your income, property, and monthly living expenses. Typically, three-year repayment plans are given to those with a household income that falls below the state median, while five-year plans are often required for incomes above the state median.
Following the completion of your repayment period, some of your remaining debt, such as credit card or medical bills, could be discharged. Remaining mortgage debt and student loans cannot be discharged. Debts classified as Priority Debt must also be fully repaid. This includes child or spousal support, unpaid tax bills, and fees associated with the cost of your bankruptcy filing.
Chapter 13 allows you the opportunity to avoid foreclosures, repossessions, service shut off or loss of property and belongings. However, in order to qualify for Chapter 13, you must first have a regular income and there are also limits to the total amounts of secured and unsecured debt. By filling out our financial survey, our team at Fair Fee Legal Services can determine which type of bankruptcy you qualify for and file your petition with the U.S. Bankruptcy Court.
Can Creditors Continue To Harass Me If I Have Filed For Bankruptcy?
Regardless of which type of bankruptcy you file for, creditors are not legally permitted to contact you or seek payment after you’ve filed for bankruptcy protection. Filing for bankruptcy protection invokes an automatic stay that prohibits the majority of collection activity such as contact by phone or mail, legal action, or wage garnishment. There are exceptions to the automatic stay including certain child support or eviction cases and it does not stop criminal cases. The automatic stay also does not apply to debt incurred after your bankruptcy was filed.
Don’t wait any longer; contact us at Fair Fee Legal Services today with a call, text or email. Once you have secured us as your Las Vegas bankruptcy lawyer, we will get your bankruptcy filed quickly and stop creditors from harassing you any longer. A debt free, carefree life is just one call or text away.
Will I Lose My House, Car, Furniture, Or Other Belonging?
What happens to your home, belongings, or property will depend on your individual situation and on whether you file Chapter 7 or Chapter 13 bankruptcy. Under Chapter 13 Bankruptcy, you will be able to keep all of your property regardless if it is exempt or not because it requires you to establish a repayment plan to pay off some or all of your debt. Under Chapter 7 Bankruptcy, you do not create a repayment plan, but instead, you may be required to relinquish property that is not exempt under state or federal law. Filing Chapter 7 will not guarantee a loss of property or belongings, however, it will depend on the specifics of your situation.
Factors that could affect the loss of property include whether you are current on your payments or able to catch up on payments in a short amount of time. Each situation is different however and will individually affect the outcome and requirements of your filing.
Fair Fee Legal Services has extensive experience in bankruptcy filings and will work hard on your behalf to limit the impact of the process. Our attorneys will discuss the details of your case throughout the entire process and help you get a positive outcome.
Will Bankruptcy Eliminate Student Loans?
While it is difficult to discharge student loans under bankruptcy, it is not impossible with Chapter 13 Bankruptcy. Student loans cannot be discharged under a Chapter 7 filing.
In order to get student loans considered for discharge, you will need to prove that student loan payments impose hardship and prevent you from maintaining a minimal standard of living for you and your dependents. There are other factors that can affect student loan discharge, but at a minimum, you may able to consolidate student loans under a Chapter 13 repayment plan.
Again, every case is different, so contact our team of expert bankruptcy attorneys in Las Vegas to understand what the options are for your individual situation.
Will Bankruptcy Eliminate Tax Debt?
Tax debts are another form of debt that is difficult to discharge and often are not considered a dischargeable debt. Only income taxes can be discharged and only under very specific situations. Tax debt must be repaid in full under Chapter 13 bankruptcy. While there are limited ways to discharge a tax debt under Chapter 7, most tax debts are not discharged completely and you will continue to owe after the discharge of your bankruptcy.
If you hope to discharge tax debts, you will need the help of an experienced bankruptcy attorney in Las Vegas. We cannot guarantee that your tax debt will be discharged, but our team at Fair Fee Legal Services has the knowledge and experience to determine possible options.
Do I Have To List All Creditors In My Bankruptcy?
Yes. Every creditor must be listed when you file for either Chapter 7 or Chapter 13 bankruptcy or you will be held in violation of the law. After your case has been filed, creditors are entitled to receive notice of your bankruptcy and you must provide their information so that they can receive their portion from a repayment plan under Chapter 13.
Will I Have To File Jointly With My Spouse?
If the majority, or the entirety, of your debts are under both your and your spouse’s name then you will need to file jointly. If they are under your name only, your spouse may not be forced to file, however, their income could be a factor in the type of bankruptcy you qualify for.
Will My Spouse Be Affected If We Do Not File Jointly?
Creditors will not be able to come after your spouse, family, or loved ones for debt collection unless they are legally listed as a co-debtor. The automatic stay that is invoked following bankruptcy filing will prohibit creditors from contacting you or them to seek payment.
Your bankruptcy should not appear on your spouse’s credit report and their credit score should not be affected if he or she was not included in the filing. At Fair Fee Legal Services, we have extensive bankruptcy experience and can help guide you and your spouse through the best options. Contact us today to fill out our comprehensive financial survey and we will work had to file your bankruptcy to help you achieve the best outcome.
How Long Will It Take For My Credit To Recover?
Filing for bankruptcy will inevitably have a negative impact on your credit initially, depending on your individual situation. However, in most cases, you can begin to rebuild and strengthen your credit score soon after receiving a discharge. The length of time a bankruptcy appears on your credit report will depend on the type of bankruptcy filed. Chapter 13 could remain for up to 7 years, while Chapter 7 could remain for up to 10 years. Once you receive your discharge, you can begin to recover your credit during those years.
With over 20 years of law experience, Fair Fee Legal Services can help you through the bankruptcy process to get your case filed quickly so that you receive a discharge sooner and get you on the road to rebuilding your credit.
Can You Help Me Repair My Credit?
Our attorneys at Fair Fee Legal Services have extensive experience in the bankruptcy process, from filing to discharge and beyond. We have the knowledge and expertise to help you repair your credit and rebuild your finances. We can provide you with guidance on the right things to do and things to avoid giving you the best opportunity to recover from the impact on your credit.
Call us today at (702) 703-3333 to schedule a free consultation for Las Vegas bankruptcy filing and start on the journey to a debt free life with Fair Fee Legal Services.
Who Will Know About My Bankruptcy Filing?
Only creditors listed on your bankruptcy will be notified of your bankruptcy filing. Under certain situations, the IRS (Internal Revenue Service) will also be notified. Your employer will not be informed as long as they are not a listed creditor.
How Do I Know If I Should File For Bankruptcy?
Bankruptcy can be a scary consideration, but it can also help you to come out from the devastating burden of debt.
A few questions to help you decide if you should take the first step and contact Fair Fee Legal Services include:
- – Are you only able to make the minimum monthly payment on credit card debt?
- – Are you behind on bills, mortgage or car payments?
- – Are you on the verge of foreclosure or repossession?
- – Does your debt keep growing despite making regular payments?
- – Do you have medical bills that are burying you in debt?
- – Are bill collectors and creditors constantly calling you?
- – Do you use your credit card to pay for everything?
- – Are you unsure of how much debt you have?
- – Have you thought about the possibility of debt consolidation or bankruptcy?
If you’re overwhelmed by debt and don’t know what to do, contact us at Fair Fee Legal Services through a phone call, text, or email. We will send you a quick and easy financial survey that will allow us to assess your financial situations and determine the best course of action. With help from our expert legal team, you can be on your way to a debt free, carefree life.