Hurtik Law & Associates - Attoneys At Law

What Are My Bankruptcy Options?

CHAPTER 7 (Liquidation of debts)	CHAPTER 13 (Adjustment of debts for an individual with regular income)
You may want to consider Chapter 7 if:	You may want to consider Chapter 13 if:
You have little property except for the basic necessities like furniture and clothing.	You have significant equity in a home or other property and you want to keep it.
You have little or no money left after paying basic expenses each month – or you’re not even meeting basic expenses	You have regular income and can pay your living expenses, but you can’t keep up the scheduled payments on your debts.
Advantages of Chapter 7:	Advantages of Chapter 13:
Most unsecured debts can be discharged (completely eliminated)	You can keep most of your property while spreading out time to pay past due accounts.
The process moves quickly – you may receive your discharge in just a few months	You’ll have 3-5 years to catch up delinquent accounts – according to a schedule that you and the bankruptcy trustee have agreed agreed is workable for you.
Creditors can’t contact you while the automatic stay is in effect – or after debts are discharged.	You’ll make one monthly payment to the bankruptcy trustee for distribution – you’ll have no direct contact with creditors during the protection period of 3-5 years.
	Co-signers may be protected
Who can file under Chapter 7?	Who can file under Chapter 13?
Debtors who have qualified under the “means test” and completed a required pre-filing session with a credit counselor may file for Chapter 7 bankruptcy protection	Any individual debtor whose unsecured debts are below $307,675 and whose secured debts are less than $922,975.

Let the experienced attorneys at Hurtik Law & Associates assist you in filing your bankruptcy. Allow us to guide you through this difficult and confusing process. Contact Hurtik Law & Associates to set up an appointment for a free evaluation at (702) 966-5200. Your no-obligation consultation with a licensed attorney knowledgeable of bankruptcy will assist you in determining whether bankruptcy is right for you.

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We practice law in these areas:
- Bankruptcies
- Corporations
- Automobile/Motorcycle Accidents
- Product Liability Injuries
- Wrongful Death
- Slip and Fall Injuries
- Head/Brain Injuries
- Boating Accidents
- Bus and School Bus Accidents
- Pedestrian Accidents

Hurtik Law & Associates

7674 W. Lake Mead Blvd.
Suite 247
Las Vegas, Nevada 89128

Phone: 1-702-966-5200
Fax: 1-702-966-5206