Bankruptcy in Las Vegas

When you find yourself struggling beneath a mountain of debt, it is time to take action. Whether you have too much personal debt, or the business you own is struggling, filing for bankruptcy can provide the relief you need and the ability to have a fresh start.

There are several types of bankruptcy to choose from, as well as many important steps you should take to prepare before you file for bankruptcy. Our Las Vegas bankruptcy lawyers will help you determine whether filing for bankruptcy is the right option for you, and if it is, we will handle your bankruptcy case from beginning to end and aggressively pursue all avenues to drastically reduce, restructure, or eliminate your debt.

Should I File for Bankruptcy?

There are many factors that may lead you to consider filing for bankruptcy in Las Vegas. Some of these include:

  • Your home is about to be foreclosed
  • Creditors are constantly harassing you
  • A judgment has been entered against you
  • You owe money to the IRS
  • Your car or other assets are in danger of being repossessed
  • The business you own can no longer pay its debts

If you are facing any of the above, our Las Vegas bankruptcy lawyers will explain the next steps to take to protect yourself and your assets.

Types of Bankruptcy

In Las Vegas, the most common types of bankruptcy fall under chapter 7, chapter 11, and chapter 13 of the Bankruptcy Code. If you are an individual with unsurmountable debt, chapter 7 or chapter 13 bankruptcy may be right for you, depending on your current income. If you own a business that is in need of restructuring and reorganizing its debt, chapter 11 bankruptcy may allow you to reorganize and emerge in a stronger financial position.

Chapter 7

Our Las Vegas bankruptcy lawyers have helped countless clients take advantage of the “fresh start” provided by chapter 7 bankruptcy. Chapter 7 allows individuals to be relieved of most, if not all of their debt, and to keep most of their personal property.

Chapter 7 bankruptcy eliminates:

  • Credit card debt
  • Medical bills
  • Personal loan debt
  • Litigation debt
  • Judgments, unless fraud- or criminal-related
  • Vehicle debt
  • Many IRS debts, including many income tax debts
  • Personal injury debt

Chapter 13

Individuals who currently earn too much income to qualify for chapter 7 may file for chapter 13 bankruptcy. Under chapter 13, our Las Vegas bankruptcy lawyers will create a plan for you to repay a portion of the debt you owe by making regular payments over three or five years.

Benefits of chapter 13 bankruptcy may include:

  • Saving your home from foreclosure
  • Saving your car from repossession
  • Keeping property that you would have to liquidate under chapter 7
  • Protecting collectors of joint debt

Chapter 11

If you own a business that is struggling to pay its debt, whether a limited liability company, corporation, or partnership, or if you own one or more rental properties and cannot make the mortgage payments, our Las Vegas bankruptcy lawyers can help you take advantage of the opportunity to reorganize through chapter 11 bankruptcy.


Benefits of chapter 11 bankruptcy may include:


  • Maintaining the assets
  • Continuing to operate the business throughout the bankruptcy
  • Emerging from bankruptcy in a stronger financial position
  • Negotiating with creditors to reduce debt
  • Creating a structured plan to reorganize and repay your debts over time
  • Eliminating unsecured debt

For more information about bankruptcy laws in Las Vegas, visit our Bankruptcy FAQ page.

For a consultation about your bankruptcy options, call Ghandi Deeter Blackham Law Offices at (702) 878-1115.