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6151 Lakeside Dr.,  Suite 2100
Reno, NV  89511

Reno Bankruptcy Attorney

Stephen R. Harris, Esq.

Providing Financial Protection

for 46 Years

There is nothing easy about making the decision to file for bankruptcy. I welcome the opportunity to speak with you personally and confidentially to help you find the ideal solution to your financial challenges.

What We Can Do For You

Stephen Harris, Esq. sitting at a desk in his bankruptcy law office in Reno, Nevada

Here’s What You Can Expect of Us:

  • Honest and frank advice and guidance based on 46 years of bankruptcy legal experience in Nevada.
  • Making sure that you understand the bankruptcy filing process, step by step.
  • An assessment of the general complexity of your case based on similar situations we’ve handled in the past.
  • A high level of professionalism and competency when dealing with all aspects of your case.
  • Recommendations on the type of bankruptcy appropriate for you, or if filing for bankruptcy at all would be in your best interest.
  • We will inform you whether we believe your case involves any particular complications or risks.
  • We will assist you in stopping all types of collections actions, repossessions, foreclosures, wage garnishments, tax levys and potential lawsuits.
  • Provide prompt and complete answers to your questions or concerns whether in person, on the phone or with emails during the entirety of your case.
  • We will prepare all of the necessary forms and documents within the time constraints and deadlines as required by the court.
  • We will be representing you at your ‘341-meeting of creditors’ mandatory hearing and any additional ones that may arise. We will be able to advise you in advance about any other hearings that you could anticipate attending.
  • Before we start your case we will give you a total price for your particular case with a detailed breakdown of costs, including all court filing fees.

Our Practice Areas

Personal Bankruptcy

Chapter 7 & 13

Chapter 7 bankruptcy is basically liquidation. That means that a bankruptcy trustee will sell (“liquidate”) certain property that you own at the time you file the bankruptcy case. The trustee uses the proceeds of the sale to pay creditors. In most cases, you will not have any assets that the trustee can sell because of state and federal laws that may allow you to keep necessities. These laws are called “Exemption Laws” and the property that the trustee may sell is known as “non-exempt” property. If all of your property is Exempt, the trustee will not sell any of your property.

Chapter 7 Eligibility If you are an individual with primarily Consumer Debts and you want to file a case under chapter 7, your lawyer will examine your finances to determine if you can afford to pay creditors. If you can, based on a set formula known as the “means test”, you will not be eligible to file a chapter 7.

If you do, the court will either dismiss your bankruptcy case or you may choose to convert your case to chapter 13. If your income is at or below the median income for your state, the means test will not apply and you will be permitted to file for chapter 7.

The benefits of a Chapter 7 include:

  • Relief from unsecured debts
  • Clean financial slate
  • End of creditor harassment

The disadvantages of a Chapter 7 include:

  • A mark on your credit standing for up to 10 years
  • Non-dischargeable debts such as alimony, child support, and student loans

Commercial Law

Business Debt Settlement

I have treated within the purview of commercial law all those legal principles, from whatever branch of law they are drawn, which regularly surface in commercial disputes. It has long seemed to me that there is an unfortunate gulf between the commercial lawyer and the property and equity lawyer. Contract, sale of goods and negotiable instruments are accepted as falling within the domain of the former, equitable interests and conflicting real rights within the latter’s field of expertise. But in the world of business, problems do not divide themselves into neat packages. … The practitioner has to be familiar with the principles of each of these fields of law in order to be able to give sound advice to his client.

Many of these categories fall within financial law an aspect of Commercial law pertaining specifically to financing and the financial markets.

Business Bankruptcy

Chapter 11 

Because we are also knowledgeable in how business works, we can address your business creditor issues including liquidation or reorganization bankruptcies.

There are two primary types of business bankruptcy petitions available. It is important to note that Federal bankruptcy law and Nevada state exemptions are extraordinarily complex. There are serious financial consequences for making the wrong decisions, and every business bankruptcy situation is unique.

We combine our courtroom experience and in-depth familiarity with the law to aggressively pursue our clients’ interests.  Our understanding of how bankruptcy issues affect day-to-day business operations allows us to counsel our clients on practical ways to achieve their goals, which may include creative and practical out-of-court workouts.  We are well known for our litigation capabilities, which usually motivate our adversaries to negotiate and consider efficient consensual resolutions.  From advising to negotiating to , we know how to achieve successful results under often expedited time pressures.

A Chapter 13 enables consumers to repay their debts over a three or five year period. You must participate in credit counseling and your repayment plan must be approved by the court and your creditors. The advantages of a Chapter 13 include:

  • Foreclosure avoidance
  • Repossession avoidance
  • Debt repayment management

The disadvantages to a Chapter 13 may include:

  • Negative effect on credit standing
  • Restriction on accumulation of new debt

 

Bankruptcy Alternatives

Personal Advocate for Your Future

The potential high cost, complexity, and unpredictability of a bankruptcy case sometimes makes out-of-court solutions preferable in many situations, as they tend to be lower cost, less complex, and afford greater control. I have the knowledge and experience to successfully represent clients in workout negotiations and in connection with assignments for the benefit of creditors.

We assess the strengths and weaknesses of the parties’ legal and financial positions, confer with our clients to determine their specific goals and needs, develop creative but practical solutions, and implement the legal aspects of a workout in order to resolve our clients’ problems.

Please Contact Us