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Legally Reviewed By Experienced Bankruptcy Lawyer Taylor Randolph
Taylor L. Randolph, the founder of Randolph Law Firm, P.C., located in Las Vegas, Nevada. He focuses his practice on bankruptcy, foreclosure prevention, and IRS tax problems. An award-winning attorney who is admitted to practice before the IRS nationwide, Taylor excels in the representation of individuals and businesses who are facing legal challenges.
Years of Experience: Nearly 20 years
Nevada Registration Status: Active
Bar & Court Admissions: Nevada State Bar Association U.S. District Court District of Nevada, 2006 U.S. Supreme Court, 2006 U.S. Tax Court, 2006
Are you struggling with debt but have a steady income? Chapter 13 bankruptcy might be the solution you need to regain control of your finances. With the help of experienced bankruptcy attorney Taylor Randolph, you can reorganize your debts and avoid losing your home or car.
Contact our Las Vegas bankruptcy law firm today for a free, confidential consultation. Let us guide you through the Chapter 13 process and help you take charge of your financial future. Call 702-757-7777.
Chapter 13 bankruptcy, also known as a “wage earner’s plan,” offers individuals in Las Vegas a way to restructure their debts and regain financial stability. Unlike Chapter 7 bankruptcy, which liquidates assets to pay creditors, Chapter 13 allows you to keep your property while making manageable payments over three to five years. If you’re struggling with debt but have a steady income, Chapter 13 bankruptcy might be the right solution for you.
To file for Chapter 13 bankruptcy in Las Vegas, you must meet the following criteria:
Experienced Las Vegas bankruptcy attorney Taylor Randolph can evaluate your financial situation to determine if you meet the requirements for Chapter 13.
Ready for a fresh start? Call 702-757-7777.
Chapter 13 bankruptcy can help reorganize and manage various debts for filers in Las Vegas.
“Chapter 13 provides financial relief by reorganizing your debt to make it more affordable to you.”
Common debts that are addressed through Chapter 13 bankruptcy include:
Certain debts, such as child support or alimony, cannot be discharged through bankruptcy.
Filing for Chapter 13 bankruptcy in Las Vegas involves several key steps designed to help you create a manageable repayment plan while protecting your assets. Understanding the process can ease the stress and help you prepare for what lies ahead. Our law firm will guide you through the Chapter 13 bankruptcy process to ensure you follow the correct procedures and your rights are protected. In the meantime, here’s an overview of what you can expect.
Consult with our Las Vegas bankruptcy lawyer for free. Call 702-757-7777
Deciding to file for Chapter 13 bankruptcy is a significant decision that requires careful analysis of your financial circumstances, goals, and long-term stability. Chapter 13 bankruptcy is often an ideal solution for individuals with a steady income who want to catch up on missed payments without losing their property. Determining whether Chapter 13 suits your needs involves assessing your income, debt structure, and financial priorities.
✓ You have a regular income to fund a repayment plan
✓ Your total unsecured debts are under $465,275, and secured debts are under $1,395,875 (as of 2024)
✓ You are behind on your mortgage or car payments but want to keep your property
✓ You need to catch up on debts like taxes or child support that can’t be discharged in Chapter 7
✓ You have non-exempt property that you want to protect from liquidation
🚩Insufficient income to meet the monthly payment plan requirements
🚩Debts exceeding the Chapter 13 eligibility limits
🚩A desire to eliminate unsecured debts without a repayment plan
🚩Recent debts or financial transactions that could complicate the filing
🚩Previous bankruptcy dismissal or discharge in the last 4 years
Chapter 13 bankruptcy offers a valuable opportunity for financial recovery, but it isn’t the right choice for everyone. Consulting with a Las Vegas bankruptcy attorney at our law firm can help you explore your options and determine the best path forward.
Chapter 13 and Chapter 7 bankruptcy differ primarily in their approach to debt management. Chapter 7 focuses on liquidation, where a debtor’s non-exempt assets are sold to pay creditors. Any remaining debts are typically discharged. Chapter 13, on the other hand, involves creating a court-approved repayment plan lasting 3–5 years, allowing debtors to keep assets while gradually paying creditors. Understanding these distinctions can help you choose the right path to regain financial stability.
Our legal team can help you decide whether filing Chapter 13 bankruptcy is in your best interest. If it doesn’t align with your goals, we’ll help you understand additional debt relief options that may be available.
Find out if Chapter 13 is right for you. Call 702-757-7777
You do not legally need a lawyer to file for bankruptcy in Nevada, as individuals are allowed to file “pro se” (on their own). However, bankruptcy laws and procedures are complex, and even small mistakes in your paperwork or understanding of the law can lead to delays, dismissal of your case, or the loss of assets you might otherwise be able to protect. For individuals facing complicated financial situations, such as significant assets, business debts, or disputes with creditors, professional legal assistance is especially critical.
We Helped a High Income Earner Become Debt Free
Our client was a doctor who made $200,000 a year and owed $150,000 to the IRS and $125,000 from a failed business. Our client shopped around to different local Las Vegas bankruptcy attorneys, who all told him that his only option was filing a Chapter 13 or Chapter 11 bankruptcy.
We advised him that he could in fact qualify for a complicated Chapter 7 bankruptcy. The client retained our firm and within 6 months was completely debt free.
If you’re considering bankruptcy in Nevada, consulting with an experienced attorney is the best way to ensure a smooth process and achieve the financial relief you need. Some reasons why it’s highly recommended to hire a lawyer for Chapter 13 bankruptcy in Nevada include:
An experienced attorney ensures that all required documents and forms are completed correctly and submitted on time. Errors in your filing can result in case dismissal or missed opportunities to protect your assets.
Nevada has specific bankruptcy exemptions that dictate what property you can protect during the process, such as equity in your home, vehicles, or personal belongings. A Las Vegas lawyer can help maximize these exemptions to safeguard your assets.
Whether filing for Chapter 7 or Chapter 13, a lawyer can evaluate your financial situation to determine which bankruptcy chapter is appropriate and whether you qualify under the means test.
Bankruptcy involves court hearings, including a meeting with creditors (341 Meeting). A lawyer represents your interests and helps you navigate these proceedings.
While bankruptcy triggers an automatic stay, creditors may challenge certain filings. A lawyer can respond to creditor objections and ensure your rights are protected.
Bankruptcy mistakes can lead to significant consequences, including the loss of property or the inability to discharge debts. An experienced attorney helps you avoid these pitfalls.
Filing for bankruptcy can be stressful, but working with an experienced lawyer ensures you have support and guidance every step of the way.
Very good firm.
Everyone in the office is super helpful and friendly. I was able to meet with Mr. Randolph personally on more than one occasion. They have made me feel at ease with the entire process. Leo has been amazing in helping with all documents and questions about the process. I always get a response if I reach out with questions about my case or notices I receive. Great experience.
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