Bankruptcy Las Vegas filings have significantly gone down for the second quarter of this year. The number of bankruptcy cases filed dropped 24.9 percent from the previous year. However, the economy is still in a serious slump and jobs are scarce so if you find yourself in a pit that you just can’t seem to get out of then a Las Vegas attorney can help determine if bankruptcy is right for you.
The biggest drop was a 38 percent decrease in Chapter 13 repayment plans for individuals. There was also a decrease in Chapter 7 filing by 21.5 percent, with 6,250 filings for Chapter 7 liquidations for individuals and companies.
However, despite the significant drop in filings, there were still 7,781 cases that originated during the quarter. That is still a large number of people seeking bankruptcy relief. If you are having trouble making payments, it is best to contact a Las Vegas attorney before you get too far in over your head.
For more information about the drop in bankruptcy Las Vegas filings, visit http://www.lvrj.com/business/decrease-in-bankruptcy-filings-recorded-in-second-quarter-166630246.html. Or if you are struggling to meet your financial obligations, contact a Las Vegas attorney for assistance.
Bankruptcy attorneys at Shumway Van & Hansen always offers free consultations and often times can schedule an appointment within 24 hours. For more information please continue to utilize www.shumwayvan.com, call us at our Las Vegas office at (702) 478-7770, or stop by our Nevada office which is located at 8985 S. Eastern Ave, Suite 100, Las Vegas Nevada 89123.