TV gives us an impression that Las Vegas is a pretty wild sort of place where it could be bad for your health to end up owing someone more money than you can afford to pay back. However, the City of Henderson in Clark County, Nevada is literally just down the road from Vegas but various surveys reckon Henderson to be one of the safest cities in the Country.
No one desires debt problems but they can happen to just about anyone. A medical problem that was not covered by your insurance or an accident that does not qualify for any compensation, these are things that might result in the thriftiest of persons getting into severe debt. For such a person, a visit from "heavies" out to break bones would seem somewhat unlikely in safe and affluent Henderson. Even so, such a person would be well advised to consult with a Henderson Bankruptcy Lawyer because, at the end of the day, basic law says that we should all honor our debts.
For Every Debtor, There Is A Creditor
In the same way that we try our best to keep out of debt, suppliers of goods, services and even money try their hardest not to get into a situation where someone owes them more money than they are capable of paying back. But, even the most careful supplier cannot get it right all the time, even banks and mortgage companies get people who default on their loans. The bankruptcy laws are intended as a course of last resort that aims to work out a solution to someone’s debt problem without unduly penalizing either party.
As in any matter where a legal settlement has to be negotiated each party will need their own Henderson Bankruptcy Lawyer. The debtor will be seeking ways to extend any payment period to appoint where they can eventually pay it off without being forced to sell off all their assets. The creditor (or even creditors) will be seeking to recoup as much of the money as possible and as quickly as possible.
There are cases where the respective Henderson Bankruptcy Lawyer for each party can manage to work out a settlement without having to go to court to obtain a judge’s ruling on the matter. However, such is not always the case and each party will need an attorney to watch out for their respective best interests and plead their case before a judge. This means that a creditor needs to ensure that his Henderson Bankruptcy Lawyer is more sympathetic to creditors than debtors.
For a Henderson Bankruptcy Lawyer who believes in creditors’ rights, one should contact the Law Office of Hayes & Welsh. They help clients collect debts efficiently, effectively and as quickly as possible.