Chapter 11 Bankruptcy Lawyer in Las Vegas
Contact Us Today at (702) 500-1468
Chapter 11 is a less common form of bankruptcy which can be filed on a personal level or for a business or corporation. This form of bankruptcy is similar to Chapter 13, as it works simultaneously to restructure your debt and prevent collection actions. Whether you are facing the loss of your home or simply want to get a handle on your debt, filing for Chapter 11 bankruptcy can help you structure a payment plan which is manageable for you and your family.
Contact our Las Vegas Chapter 11 bankruptcy attorney at the Law Office of Timothy P. Thomas, LLC at (702) 500-1468 to discuss your options.
Understanding Non-Dischargeable Debt in Bankruptcy
Many people have misconceptions about Chapter 11 bankruptcy, including that it can help you discharge all of your debt. Before choosing to file for Chapter 11, it is important that you understand what this chapter of bankruptcy can do and what it cannot. We want to ensure that you choose the best option for yourself and for your business.
The following types of debt are not dischargeable in Chapter 11:
- Certain tax debt
- Child support or alimony debt
- Student loan debt
Advantages of Filing for Chapter 11
The process of filing for Chapter 11 is complex and must be navigated with the help of an experienced Las Vegas bankruptcy lawyer. Whether you wish to file on your own or on behalf of your business, our firm can help you determine if this debt relief solution is appropriate for you or your business.
The benefits of filing for Chapter 11 bankruptcy include:
- Helps your business stay open while filing
- Is a viable option for large corporations
- Prevents collection actions of all types
Contact a Skilled Chapter 11 Bankruptcy Lawyer in Las Vegas
The process of filing for Chapter 11 is much more complicated than other forms of bankruptcy, which is why working with a trusted firm is important. At the Law Office of Timothy P. Thomas, LLC, we have 25 years of experience helping individuals and businesses of all sizes seek a fresh financial start with the help of the bankruptcy process. Debt reorganization can benefit you in a number of ways, including giving you the opportunity to get on top of your debt and start rebuilding your credit.
Call us now at (702) 500-1468 to set up an appointment.