Las Vegas Bankruptcy Attorney Answers Frequently Asked Questions
With so many Las Vegas/Henderson residents unemployed, many may seek the assistance of a bankruptcy law firm in Las Vegas to understand what filing chapter 7 or 13 costs as well as alternative options. If you are out of work or underemployed and behind on your bills besides chapter 7 another option to consider is debt consolidation in Las Vegas. Debt consolidation consists typically consists of a consumer obtaining one loan to pay off multiple small creditors. Although consumers may resist filing chapter 7 for various reasons, debt consolidation in Las Vegas may not be desirable due to a number of factors.
As of December 22, 2020, the impact of the global pandemic continues to be felt by tourists and residents alike in tourist-dependent Las Vegas. One need look no further than the world-famous Strip to see signs that the economic activity is a fraction of what it once was. Leading many Strip employees out of work and saddled by debt and considering filing chapter 7 or chapter 13 for relief. Ryan Law Firm Las Vegas is a consumer debt lawyer based in Henderson/Las Vegas.
Many prominent hotels, the latest being the Mirage, are now closing midweek and void of hotel guests due to the lack of visitors. While December is typically a slow month for tourists anyway, the global pandemic has decimated the demand for air travel. In addition, overzealous politicians implementing draconian lockdowns on residents across the United States has also had far-reaching impacts on tourists traveling to Southern Nevada resulting in job cuts at many Strip casinos.
Bankruptcy Attorney Las Vegas
Although many Strip casinos have reopened many remain shuttered, including the newly renovated Palms Casino, leaving thousands unemployed or underemployed. Entertainers performing in shows and convention workers have been hit particularly hard forcing many to fall behind on their bills and expenses. For these furloughed Strip employees and others in the travel and tourism/airline industries, many may be falling behind on their bills. These individuals may be facing foreclosure or repossession of their automobiles.
Many hoped that the global pandemic would be short-lived and the economy would rebound. Nine months into the pandemic, there is new hope with the recent approval of two vaccines that the virus will be brought under control and tourists and conventioneers will return to Sin City. While there is certainly reason for optimism (there is always a reason to be optimistic!) many residents of Las Vegas/Henderson (including Seven Hills/MacDonald Ranch) have also suffered two-fold, from both the downturn in tourism as well as the failure of our state government and their inability to process timely unemployment and PUA claims.
Chapter 7 Attorney Las Vegas
On average, filing chapter 7 or chapter 13 costs between $1,500 and $6,000 for a lawyer filed Chapter 7 and Chapter 13 with a law firm in Las Vegas/Henderson. As this is just an average, consumers can expect a large range in professional fees between the best bankruptcy lawyer in Las Vegas and a cheap bankruptcy lawyer. It is recommended that consumers consider bankruptcy attorney Las Vegas reviews before deciding how to proceed.
Unemployed or underemployed individuals of Southern Nevada may be discouraged when learning of the professional fees charged by Chapter 7 lawyers in Las Vegas. This is due to the fact that with little or no income coming in, individuals may be intimidated by the prospect of hiring a lawyer. This should not be the case as many Las Vegas lawyers are willing to work with their clients with flexible payment plans or even Zero Down chapter 7 and chapter 13 filings.
Debt Consolidation Las Vegas
Some individuals may be reluctant to consider filing chapter 7 for a variety of factors including, the impact that a bankruptcy may have on one’s credit report, and the negative stigma associated with filing. However, debt consolidation Las Vegas is not without its drawbacks. Debt consolidation in Las Vegas can be difficult if an individual is unemployed or underemployed as it generally requires the individual debtor to obtain a large loan in order to pay off smaller creditors. Depending on the total balance of the consolidated loans, debtors may find it difficult to obtain a bank or financing company willing to loan the requested amount.
Selecting a Las Vegas Bankruptcy Attorney Las Vegas Vegas, Nevada: Bankruptcy Attorney Las Vegas: What Does it Cost to File Bankruptcy in LV? Residents of Southern Nevada have many choices when it comes to choosing a chapter 7 attorney in Las Vegas but how do you go about selecting an attorney that is a good fit for you?
Before filing Chapter 7 or Chapter 13, consumers would be best served by meeting with several lawyers or law firms before making a selection on which practitioner to retain. While it is all but impossible to avoid being bombarded by large law firms advertising on the radio or highway billboard signs, often these firms are not able to offer personalized service that you as is the case with small firms.
Find a Chapter 7 Bankruptcy Attorney near me.
North Las Vegas Bankruptcy Attorney John Ryan practices consumer debt relief. Attorney Ryan provides debt relief solutions to consumers, including chapter 7 and chapter 13 filings. Ryan’s firm also provides Zero Down Bankruptcy filing with convenient payment terms.