Before Filing for Bankruptcy
If you even think you may be filing for Bankruptcy at some time in the future, protect your rights by consulting with an experienced Bankruptcy Lawyer. The importance of taking the appropriate actions prior to filing for Bankruptcy can not be overstated.
The following basic guidelines should be followed prior to consulting with an experienced Bankruptcy Attorney. The guidelines are not a substitute for consulting with an Attorney, but rather, the guidelines are provided to instruct you on what to do while waiting to speak with an Attorney. Only after a complete assessment of your entire situation can any useful advice be given.
Do's and Don'ts
If you are thinking about filing for bankruptcy in Nevada, here are a few things you must know:
- Do not transfer property out of your name prior to consulting with an Attorney.
- Do not run up your credit card bills unnecessarily in an attempt to game the system.
- Do not liquidate your 401(k) retirement account.
- Do consult with an attorney who can help you determine if Bankruptcy is an appropriate solution for your particular debt challenges.
- Do consult with an attorney as soon as possible. Taking appropriate steps prior to filing for Bankruptcy may improve your chances of success.
- Do take the time to understand the difference between Chapter 7 and Chapter 13 bankruptcy. We offer a free consultation to determine which option is best for you.
- Do retain an Attorney if you decide to file for Bankruptcy. You want a knowledgeable professional that understands the law and knows how to handle your case properly.
Do Not Delay — Immediate Action Is Your Best Option
One of the mistakes that many people make is waiting too long to file for Bankruptcy. They are so afraid of hurting their credit that they take months or years to address a problem that needs immediate attention. While Bankruptcy is not the right solution for everyone, it may be the best solution for you if you are struggling to pay your monthly bills.
If you think about it, making late payments month after month is not the best way to rebuilt credit. Continuing to make late payments is counter to financial recovery. By filing for Bankruptcy now, you can create a manageable debt load, reduce your debt to income ratio, pay your debts on time, and start to rebuild your credit rating sooner rather than later.
Contact Us
To speak with a Bankruptcy Attorney about your legal rights and options, contact the Law Office of Rodney K. Okano in Las Vegas, Nevada. To schedule a free consultation at our firm, call 702-979-2903 or contact us by e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
