Sean P. Patterson is a bankruptcy lawyer who helps clients throughout Nevada deal with financial distress and will take all of your harassing creditors phone calls. When facing insurmountable debt, you need to understand available options and be able to decide whether filing bankruptcy is a viable answer for your financial problems. Bankruptcy law, NV and across the United States is established through the Federal Bankruptcy Code.
Recent 2005 changes in bankruptcy laws stiffened eligibility requirements for people filing Chapter 7 and made the bankruptcy process more complicated. Pass a means test (calculation based on the median income in their state) to qualify for Chapter 7. Complete an instructional course concerning personal financial management before debt discharge is granted.
When considering a bankruptcy, you need to know which type best suits your financial situation - Chapter 7, 11, or 13. By discussing your finances and evaluating debt issues with a bankruptcy lawyer you can find out whether you meet legal requirements and get advice about the best way to proceed.
Recent 2005 changes in bankruptcy laws stiffened eligibility requirements for people filing Chapter 7 and made the bankruptcy process more complicated. Pass a means test (calculation based on the median income in their state) to qualify for Chapter 7. Complete an instructional course concerning personal financial management before debt discharge is granted.
When considering a bankruptcy, you need to know which type best suits your financial situation - Chapter 7, 11, or 13. By discussing your finances and evaluating debt issues with a bankruptcy lawyer you can find out whether you meet legal requirements and get advice about the best way to proceed.
Services
Chapter 7
Report
What is Chapter 7 Bankruptcy?
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is located.
Along with the petition, the debtor must also file the following with the court: schedules of assets and liabilities; a schedule of current income and expenditures; a statement of financial affairs; and a schedule of executory contracts and unexpired leases.
Before resorting to bankruptcy, other financial solutions should be tried.
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is located.
Along with the petition, the debtor must also file the following with the court: schedules of assets and liabilities; a schedule of current income and expenditures; a statement of financial affairs; and a schedule of executory contracts and unexpired leases.
Before resorting to bankruptcy, other financial solutions should be tried.
FAQs
Report
At my office, I will do a budget for you (and your family).
I will take the information you provide the office (paystubs, pension, business income, quick book statement), and do a budget.
I will take your net income and subtract out the necessary household expenses.
If you like me, then you may hire me as your bankruptcy attorney in Reno.
I will give you "homework" to do to help the office prepare your bankruptcy paperwork.
In addition, I will take your creditor's phone calls.
Typically, these are the expenses that do don't go away in one's life.
I will take the information you provide the office (paystubs, pension, business income, quick book statement), and do a budget.
I will take your net income and subtract out the necessary household expenses.
If you like me, then you may hire me as your bankruptcy attorney in Reno.
I will give you "homework" to do to help the office prepare your bankruptcy paperwork.
In addition, I will take your creditor's phone calls.
Typically, these are the expenses that do don't go away in one's life.
Legal Glossary
Report
A lawsuit arising in or directly related to a bankruptcy case, which is born by filing a complaint with the court.
An injunction that automatically suspends lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
A legal procedure for dealing with debt problems of individuals and businesses; a non-technical term for a legal state of failure or insolvency.
An officer of the judiciary serving in the judicial districts of Alabama and North Carolina who, like the U.S. trustee, is responsible for supervising the administration of bankruptcy cases, estates, and trustees; monitoring plans and disclosure statements; monitoring creditors' committees; monitoring fee applications; and performing other statutory duties.
An injunction that automatically suspends lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
A legal procedure for dealing with debt problems of individuals and businesses; a non-technical term for a legal state of failure or insolvency.
An officer of the judiciary serving in the judicial districts of Alabama and North Carolina who, like the U.S. trustee, is responsible for supervising the administration of bankruptcy cases, estates, and trustees; monitoring plans and disclosure statements; monitoring creditors' committees; monitoring fee applications; and performing other statutory duties.
Bankruptcy over Debt Consolidation
Report
There are several factors to choose from when debating to do bankruptcy over debt consolidation.
For starters, when choosing bankruptcy, the court consolidates your debts and adds no interest to your debts.
It creates a monthly payment based off your monthly income, and weighs in all the factors in your life like: People in your household, amount of monthly debt versus monthly income and more.
Bankruptcy also protects you from creditors trying to garnish your wages and allows you to not be sued for your wages.
For starters, when choosing bankruptcy, the court consolidates your debts and adds no interest to your debts.
It creates a monthly payment based off your monthly income, and weighs in all the factors in your life like: People in your household, amount of monthly debt versus monthly income and more.
Bankruptcy also protects you from creditors trying to garnish your wages and allows you to not be sued for your wages.
Testimonials
Report
Sean and Sam were amazing to work with!
His front Office gal was very proficient with relaying messages to Sean and he would always return any phone calls or e-mails from me the same day.
He put our minds at ease and the process was easy.
I would recommend Sean Patterson to anyone facing a bankruptcy!
He was very professional and attentive and answered every question I had.
He took me through the whole process and made sure I understood what the trustee and the law required!
He is amazing!
Thank you Sean for everything!
His front Office gal was very proficient with relaying messages to Sean and he would always return any phone calls or e-mails from me the same day.
He put our minds at ease and the process was easy.
I would recommend Sean Patterson to anyone facing a bankruptcy!
He was very professional and attentive and answered every question I had.
He took me through the whole process and made sure I understood what the trustee and the law required!
He is amazing!
Thank you Sean for everything!
Reviews
Be the first to review Northern Nevada Bankruptcy Clinic.
Write a Review
