The Reno Bankruptcy Law Firms’ representation includes bankruptcy advising, as well as evolving strategies for clients to avoid a Nevada bankruptcy. Our Reno bankruptcy Attorneys are here to help guide you through this crazy process.
Small Business to Medium and Large Corporate Chapter 11 Bankruptcies. We have ever angle covered to protect your personal assets and allows you to focus on your business. We focus on helping you through it all.
Before you file for bankruptcy you need to take a credit counseling course that has been approved for Nevada bankruptcy filers. Once you complete the course you will receive a certificate that you must file along with your bankruptcy petition. The trustee sells the assets and pays you, the debtor, any amount exempted.Certain debts cannot be discharged in a Chapter 7 bankruptcy, such as alimony, child support, fraudulent debts, certain taxes, student loans, and certain items charged.
In a Chapter 7 bankruptcy you wipe out your debts and get a “Fresh Start”. Chapter 7 bankruptcy is a liquidation where the trustee collects all of your assets and sells any assets which are not exempt. The trustee sells the assets and pays you, the debtor, any amount exempted.Chapter 13 bankruptcy is generally used by debtors who want to keep secured assets, such as a home or car, when they have more equity in the secured assets than they can protect with their Nevada bankruptcy exemptions.
Under a chapter 13 bankruptcy, a debtor proposes a 3-5 year repayment plan to the creditors offering to pay off all or part of the debts from the debtor’s future income. You can use Chapter 13 to prevent a house foreclosure; make up missed car or mortgage payments; pay back taxes; stop interest from accruing on your tax debt (local, Nevada state, or federal); keep valuable non-exempt property.
A Chapter 11 bankruptcy is typically used by corporations in debt restructuring or reorganize their debt. Chapter 11 is very flexible and can accommodate both small businesses and large business alike. A business that is facing unanticipated costs, decrease in revenue, or other cash flow problems may want to consider reorganizing under a Chapter 11 bankruptcy.
Gardnerville, Incline Village, and Stateline Areas
Dedicated and Experienced Reno Bankruptcy Attorneys
Reno Bankruptcy Law Firm is a financial solutions law firm located in Reno, Nevada providing legal advice and representation to businesses and consumers facing financial distress. At Darby Law Practice, we pride ourselves in our ability to assist clients in developing effective, creative and efficient strategies and solutions to achieve their financial restructuring and debt reorganization or discharge goals.
The Reno Bankruptcy Law Firms’ representation includes bankruptcy advising, as well as evolving strategies for clients to avoid a Nevada bankruptcy. Reno Bankruptcy Law is committed to respecting our clients’ bottom line and understanding our clients’ best interests. We approach each client with the same care and diligence in which we handle our own business needs. Reno Bankruptcy Law represents clients across Northern Nevada, including Reno, Sparks, Carson City, Minden, Gardnerville, Dayton, Yerington, Fernley, Fallon, Incline Village, Zephyr Cove and Stateline.
Comprehensive Reno Bankruptcy Law Firm
Our Reno bankruptcy lawyers are dedicated to helping clients with their legal needs regarding:
Reno Bankruptcy Avoidance
Reno Bankruptcy Counseling
Reno Chapter 13 Bankruptcy
Reno Chapter 11 Bankruptcy
Reno Chapter 7 Bankruptcy
Reno Complex Bankruptcy Issues
Reno Out-of-court debt workouts
Please contact our law firm with questions about your legal issue. Make available as much information as possible regarding your inquiry. While this contact does not serve to establish an attorney/client relationship, it will allow our Reno Bankruptcy legal team to begin an assessment of your case. Our office will call you to set up a free initial consultation with Reno Bankruptcy Attorneys. If you are considering filing Nevada bankruptcy, the most important first step is to become educated about the process, Reno Bankruptcy Attorney can do that for you.
Reno Bankruptcy Law Firm
LET’S WORK TOGETHER
We work as a single united team and give our clients the highest quality advice and service possible.