Do I Need to File for Bankruptcy?

Few things are more stressful and frustrating than not being able to pay your bills. Debt can feel downright crushing—especially if you are behind on your bills and the amount you owe just keeps growing each. Bankruptcy is a legal tool that helps people get back on their feet. The American Bankruptcy Institute (ABI) reports that 7,783 people filed for bankruptcy protection in the state of Nevada alone in 2020. 

Although it is far from rare, filing for bankruptcy is a big step. You may want to know: Is it the right time to file for personal bankruptcy? At Vohwinkel Law, we want to make sure that everyone has the information that they need to best solve their financial issues. In this article, our Las Vegas bankruptcy attorney highlights the key things that suggest it is time for bankruptcy and explains your options for getting out debt. 

Five Signs that Suggest You Should File for Bankruptcy Protection

If you are dealing with financial distress, you may be considering bankruptcy. At the same time, you might not be sure if it is actually the right choice for your situation. In far too many cases, people actually wait too long to take bankruptcy seriously. Here are five key signs that indicate that you can benefit from filing for bankruptcy protection:

Bankruptcy is a highly personal matter. Every case is unique. Still, if any (or all) of these signs apply to you, it is highly recommended that you schedule a free, strictly confidential initial consultation with a bankruptcy lawyer. An attorney will conduct a more in-depth review of your finances and help you determine if bankruptcy is the right option. 

Know Your Debt Relief and Bankruptcy Options Before You File

Before you file for bankruptcy in Nevada, it is crucial that you understand all of your available options for getting out of debt. Among other things, a bankruptcy lawyer will help you consider and evaluate: 

Contact Our Las Vegas, NV Bankruptcy Lawyer for Immediate Help

At Vohwinkel Law, our Nevada business bankruptcy lawyer is here to help you solve problems and get out of debt. It is never too soon to talk about your financial situation with a qualified legal professional. We can help you figure out if it is the right time to file for bankruptcy. For a free, comprehensive review of your case, please do not hesitate to contact us today. From our Las Vegas office, we provide personal and business bankruptcy services throughout the whole region, including in Paradise, North Las Vegas, Henderson, Boulder City, Enterprise, and Summerlin South.

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Vohwinkel Law

Vohwinkel law has provided las vegas valley residents superior case results relating to personal injury, bankruptcy, foreclosure and more! Contact us today!