Theodore Williams - Las Vegas Bankruptcy Lawyer

Bankruptcy is a legal method of erasing debt and providing a way for debt-addled individuals to obtain a fresh start. In many cases, bankruptcy means the elimination of the debt owed to creditors. They are two main forms of bankruptcy, Chapter 7 and Chapter 13.

The American economy is based on consumer debt. In fact, in this age of multibillion dollar corporate bailouts, easy credit and relentless bombarding of seductive messages inticing us to consume it is not surprising that so many people are drowning in their debt.

For many, this debt is insurmountable and causes family problems and feelings of helplessness and even suicide. With credit card interest rates of 18-27%, many feel like modern day slaves to credit card companies. Many times, the debt is worsened by unforeseen events such as loss of a job or medical bills, but more often it is simply poor planning. Nevertheless, in instituting our bankruptcy laws, Congress recognized that responsible, well-intentioned people could from time to time run into financial problems. By allowing you to recover from your debt burden you will be able to start afresh, look to the future and become a more productive member of society.

Feel no shame, do not feel guilty - credit card companies are making billions off of credit card debt. Americans are taught from early on to want and consume goods and services. Then life events get turned around. Bad times come. Loss of job, business, or spouse can cause you to loose financial control. This is not your fault.

Bankruptcy can be a chance for a fresh start!

The State Bar does not certify any lawyer as a specialist or expert. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.