Las Vegas Bankruptcy Attorney - Chapter 7

Also known as "Fresh Start" or "Straight" bankruptcy, Chapter 7 bankruptcy allows a person to eliminate most or all of his debt while being allowed to keep whatever property he may have.

It also allows unsecured debt such as medical bills, personal loans and most credit card charges to be easily eliminated.

In many cases, a person may keep their home or car (secured debt), provided that they continue to make current payments and are up to date on the loan.

Chapter 7 does not eliminate:

• Student loans, except extreme hardship cases
• Debts for most taxes
• Debts for alimony, maintenance or support
• Debts for fines, penalties or criminal restitution
• Debts for personal injuries caused by driving intoxicated

Chapter 7 is the most commonly filed bankruptcy and can allow for a new start. More and more Americans find themselves struggling with debt they cannot control. Chapter 7 bankruptcy allows for their debt to be discharged and lets them get a hold of their financial situation with a fresh start.

Stefanie Clement - (702)341-6997 - 7469 W. Lake Mead Blvd, Las Vegas NV. 89128

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