Attorney Quyen T. Pham has represented a myriad of clients in financial trouble and who were in need of the relief the U.S. Bankruptcy Codes provide. Attorney Pham is admitted in both the Federal District Court of Nevada and Arizona, and therefore can help clients file for bankruptcy in either Nevada or Arizona. Whether an individual person or business, if you are having problems paying your credit card, payday loan, hospital bill, mortgage, car loan, or being sued in court, please call Attorney Pham for a FREE bankruptcy consultation.
We will explain to you in detail the differences between a Chapter 7 and Chapter 13 bankruptcy and the filing that would be most beneficial to you. If General Motors and other multi-billion dollar corporations are allowed to seek protection under the U.S. Bankruptcy Codes, why shouldn’t you do the same? Attorney Quyen Pham and staff will work diligently to help you procure a fresh start, rebuild your credit, and regain control of your life.
Chapter 7
Chapter 7 Bankruptcy filings are most common form of bankruptcy and take the least amount of work and time. It is more often true that the legal costs of a chapter seven bankruptcy is substantially less than that of a chapter 13 bankruptcy. In a chapter 7 bankruptcy, you (the “debtor”) will get a discharge of all your dischargeable debts in exchange for the bankruptcy trustee liquidating your non-exempt assets. 
In most cases, the debtor will get to keep everything he owns because those assets are Person that needs to file Bankruptcyentitled to exemption from the bankruptcy trustee’s reach. In a chapter seven bankruptcy, if everything goes according to plan the debtor is entitled to an order of discharge from the bankruptcy court. The order of discharge basically terminates the debtor’s obligation from paying most or, possibly, all debts incurred prior to the bankruptcy filing. There are other advantages to a chapter 7 bankruptcy filing. We will be happy to explain how a chapter seven bankruptcy filing can help you.
Chapter 13
Chapter 13 Bankruptcy is often referred to as the income earner bankruptcy because it requires the debtor to maintain a steady monthly income. If you are not eligible to file chapter 7 petition to your high income, your other alternative is filing a chapter 13 bankruptcy petition. 
Other people who are otherwise entitled to file chapter 7 bankruptcy may opt to file a chapter 13 bankruptcy in order to keep thChapter 13 Bankrupctyeir house that is currently being foreclosed upon. Chapter 13 bankruptcy filing also provides a route for the debtor to eliminate a second or third mortgage. Unlike a chapter 7 filing, a chapter 13 requires that the debtor pay a monthly payment (“disposable income”) to the bankruptcy trustee for a period of three to five years. The debtor will receive an order of discharge at the end of the aforementioned period. If you have questions as to how a chapter 13 bankruptcy may benefit you, please call Attorney Quyen Pham for a free consultation to determine whether a chapter 13 or 7 is right for you.