Attorney Rodney K. Okano represents clients facing overwhelming debt and collections in Chapter 7 and Chapter 13 Bankruptcy. Mr. Okano’s clients are individuals, married couple and small businesses that are faced with debt collections, lawsuits, foreclosure and repossession. Since 2001, Mr. Okano has represented clients from all over Southern Nevada, including Las Vegas, Henderson, and North Las Vegas. Mr. Okano will guide your case through the bankruptcy process that starts with immediate relief from collections and foreclosure. The ultimate goal is to obtain a financial fresh start free of unmanageable debt.
Bankruptcy is provided for in Title 11 of the United States Code. The primary purpose of Bankruptcy is to give the debtor a fresh start, free of unmanageable debt. The secondary purpose of Bankruptcy is the orderly administration of available assets. The debtor is given a fresh start so long as if there any non exempt assets, such are used to pay creditors. Regardless of how much it pays, the debtor is given a fresh start. The Bankruptcy Estate administers the non-exempt assets in a manner that gives all creditors the opportunity to participate in any distribution. This prevents one creditor from gaining all of the limited assets and leaving other creditors with nothing.
The reality is that most consumer Chapter 7 Bankruptcy cases are zero asset cases. That means the debtor keeps all of his property and creditors are paid nothing.