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8751 W. CHARLESTON BLVD, STE #230

Summerlin Office

8565 S. EASTERN AVENUE, STE #104

Henderson Office

A FRESH START BEGINS WITH A

Free Consultation

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NEVADA'S #1 BANKRUPTCY LAW FIRM

Home of the TRUE $0 down bankruptcy

FRESH START MADE SIMPLE

Start Your Bankruptcy with $0 Down!

Start Your Bankruptcy with $0 Down!

Frequently Asked Questions

Chapter 7

Pay Upfront $599 Down $0 Down
$999 Attorney Fee + $338 Court Fee = $1,337 $599 Down,
$99/mo x 12 mos. Includes court fee		 $0 Down,
$166/mo x 12 mos. Includes court fee

$0 Down requires direct deposit and > $2,000/mo income.
Over median income +$200.
Rebuttal to presumption of abuse +$200.

Chapter 13

Retain Upfront $0 Down**
$999 Retainer* + $313 Court Fee = $1,312 $0 down w/ voluntary wage withholding for trustee payments

Chapter 11

Retain Upfront
$5,000 Retainer* + $1,738 Court Fee = $6,738

* Includes an initial retainer only, not the total fee. Additional hourly attorney fees may be billed through your trustee or bankruptcy payment plan if approved by the court.

** Not available if refiling within 1 yr of prior open case or in event of vehicle recovery.

Yes. We can file your bankruptcy case with $0 down. You will enter into an agreement where you will pay the attorney fees over the course of 12 months. For a basic chapter 7, the repayment plan will be $166 per month.

Yes. If another law firm offers you a lower price, we will beat it.

Yes. You can pay off your balance early for a 10% discount off of your remaining balance.

For every single one of our clients, before we file the bankruptcy, we run a credit score simulation which shows what your score is now, and what it will be 12 months after the bankruptcy. When you hire us, we will do this for you too. This way, you will know exactly what kind of impact the bankruptcy will have on your credit worthiness. Surprisingly, the 12 months post bankruptcy credit score improves 81 points on average based on our own internal data. So in most cases, bankruptcy actually improves your credit score 12 months after filing. This is because 30% of your credit score is determined by your debt to available credit ratio. This ratio is always improved when you file bankruptcy. There are certainly cases where the bankruptcy tends to lower your credit score as well; in general, the lower your score is before the bankruptcy, the more bankruptcy will improve your 12-month post bankruptcy score. The reverse is also true, the higher your credit score before bankruptcy, the more likely the bankruptcy is to lower your credit score 12 months after bankruptcy.

In general, you must wait 2 years after bankruptcy in order to obtain a mortgage loan. Generally speaking, there are 4 types of mortgage loans available (FHA, Conventional, VA, and USDA). Each type of mortgage has slightly different guidelines for waiting period after bankruptcy. Here are the mortgage loan types along with the guideline for waiting period:

Loan Type Chapter 7 Chapter 13
Conventional 4 Years after discharge –
FHA 2 Years after discharge 12 months after filing
USDA 3 Years after discharge 12 months after filing
VA 2 Years after discharge 12 months after filing

At this time, credit reporting agencies report a Chapter 7 bankruptcy for up to 10 years and a Chapter 13 for up to 7 years; however, most people who file a bankruptcy are able to build their credit enough within two years to be able to finance and purchase a home, and cars can be financed much sooner after a bankruptcy is filed.

Median Income
Household Annual Monthly
1 Person $63,473 $5,289
2 Person $75,983 $6,332
3 Person $86,618 $7,218
4 Person $95,950 $7,996
5 Person $105,850 $8,821

* as of 6/19/2023

Read All FAQ's

Frequently Asked Questions

Read All FAQ's

Chapter 7

Pay Upfront $599 Down $0 Down
$999 Attorney Fee + $338 Court Fee = $1,337 $599 Down,
$99/mo x 12 mos. Includes court fee		 $0 Down,
$166/mo x 12 mos. Includes court fee

$0 Down requires direct deposit and > $2,000/mo income.
Over median income +$200.
Rebuttal to presumption of abuse +$200.

Chapter 13

Retain Upfront $0 Down**
$999 Retainer* + $313 Court Fee = $1,312 $0 down w/ voluntary wage withholding for trustee payments

Chapter 11

Retain Upfront
$5,000 Retainer* + $1,738 Court Fee = $6,738

* Includes an initial retainer only, not the total fee. Additional hourly attorney fees may be billed through your trustee or bankruptcy payment plan if approved by the court.

** Not available if refiling within 1 yr of prior open case or in event of vehicle recovery.

Yes. We can file your bankruptcy case with $0 down. You will enter into an agreement where you will pay the attorney fees over the course of 12 months. For a basic chapter 7, the repayment plan will be $166 per month.

Yes. If another law firm offers you a lower price, we will beat it.

Yes. You can pay off your balance early for a 10% discount off of your remaining balance.

For every single one of our clients, before we file the bankruptcy, we run a credit score simulation which shows what your score is now, and what it will be 12 months after the bankruptcy. When you hire us, we will do this for you too. This way, you will know exactly what kind of impact the bankruptcy will have on your credit worthiness. Surprisingly, the 12 months post bankruptcy credit score improves 81 points on average based on our own internal data. So in most cases, bankruptcy actually improves your credit score 12 months after filing. This is because 30% of your credit score is determined by your debt to available credit ratio. This ratio is always improved when you file bankruptcy. There are certainly cases where the bankruptcy tends to lower your credit score as well; in general, the lower your score is before the bankruptcy, the more bankruptcy will improve your 12-month post bankruptcy score. The reverse is also true, the higher your credit score before bankruptcy, the more likely the bankruptcy is to lower your credit score 12 months after bankruptcy.

In general, you must wait 2 years after bankruptcy in order to obtain a mortgage loan. Generally speaking, there are 4 types of mortgage loans available (FHA, Conventional, VA, and USDA). Each type of mortgage has slightly different guidelines for waiting period after bankruptcy. Here are the mortgage loan types along with the guideline for waiting period:

Loan Type Chapter 7 Chapter 13
Conventional 4 Years after discharge –
FHA 2 Years after discharge 12 months after filing
USDA 3 Years after discharge 12 months after filing
VA 2 Years after discharge 12 months after filing

Frequently Asked Questions

  • How Much do You Charge?

    Chapter 7

    Pay Upfront $599 Down $0 Down
    $999 Attorney Fee + $338 Court Fee = $1,337 $599 Down,
    $99/mo x 12 mos. Includes court fee    		 $0 Down,
    $166/mo x 12 mos. Includes court fee

    $0 Down requires direct deposit and > $2,000/mo income.
    Over median income +$200.
    Rebuttal to presumption of abuse +$200.

    Chapter 13

    Retain Upfront $0 Down**
    $999 Retainer* + $313 Court Fee = $1,312 $0 down w/ voluntary wage withholding for trustee payments

    Chapter 11

    Retain Upfront
    $5,000 Retainer* + $1,738 Court Fee = $6,738

    * Includes an initial retainer only, not the total fee. Additional hourly attorney fees may be billed through your trustee or bankruptcy payment plan if approved by the court.

    ** Not available if refiling within 1 yr of prior open case or in event of vehicle recovery.

  • Will you file my bankruptcy with $0 down?

    Yes. We can file your bankruptcy case with $0 down. You will enter into an agreement where you will pay the attorney fees over the course of 12 months. For a basic chapter 7, the repayment plan will be $166 per month.

  • Do you offer a low price guarantee?

    Yes. If another law firm offers you a lower price, we will beat it.

  • If I file my case with $0 down and pay the attorney fees in a payment plan, will I get a discount for paying it off early?

    Yes. You can pay off your balance early for a 10% discount off of your remaining balance.

  • How will bankruptcy affect my credit?

    For every single one of our clients, before we file the bankruptcy, we run a credit score simulation which shows what your score is now, and what it will be 12 months after the bankruptcy. When you hire us, we will do this for you too. This way, you will know exactly what kind of impact the bankruptcy will have on your credit worthiness. Surprisingly, the 12 months post bankruptcy credit score improves 81 points on average based on our own internal data. So in most cases, bankruptcy actually improves your credit score 12 months after filing. This is because 30% of your credit score is determined by your debt to available credit ratio. This ratio is always improved when you file bankruptcy. There are certainly cases where the bankruptcy tends to lower your credit score as well; in general, the lower your score is before the bankruptcy, the more bankruptcy will improve your 12-month post bankruptcy score. The reverse is also true, the higher your credit score before bankruptcy, the more likely the bankruptcy is to lower your credit score 12 months after bankruptcy.

  • How long will it take for me to buy a home and get a mortgage after filing bankruptcy?

    In general, you must wait 2 years after bankruptcy in order to obtain a mortgage loan. Generally speaking, there are 4 types of mortgage loans available (FHA, Conventional, VA, and USDA). Each type of mortgage has slightly different guidelines for waiting period after bankruptcy. Here are the mortgage loan types along with the guideline for waiting period:

    Loan Type Chapter 7 Chapter 13
    Conventional 4 Years after discharge –
    FHA 2 Years after discharge 12 months after filing
    USDA 3 Years after discharge 12 months after filing
    VA 2 Years after discharge 12 months after filing
Read All FAQ's

8751 W. CHARLESTON BLVD, STE #230

Summerlin
Office

8565 S. EASTERN AVENUE, STE #104

Henderson
Office

A FRESH START BEGINS WITH A

Free Consultation

Attorney Seth Ballstaedt practices law in Las Vegas, Nevada. He received an Associates degree from BYU-I, a B.A. from Brigham Young University, and a JurisDoctorate (law degree) from William S. Boyd School of Law.

He has handled thousands of bankruptcy cases under chapters 7, 13, and 11. He is an active member of the National Association of Consumer Bankruptcy Attorneys, the American Bankruptcy Institute, the Southern Nevada Association of Bankruptcy Attorneys, and the Better Business Bureau.

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Chapter 7

Bankruptcy

A chapter 7 is very fast as it is typically completed in 90 days, and it is the least expensive option. So at this point you’re probably thinking, “well this sounds perfect; that is exactly what I want.” Normally, this is the best option for people.
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Chapter 13

Bankruptcy

A chapter 13 is not quite as common, but still accounts for 20% of the cases filed in the state of Nevada. In a chapter 13 you are required to pay some of your debt back. It could be only 5% of your debt, or in some cases, as much as 100% of your debt.
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Free Consultation

Free consultation means you will meet with an attorney, not a legal assistant as you might with one of our competitors. No commitment, and no payment required.

Call (702) 715-0000

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Payment Plans

If you have an urgent situation (like wage garnishment, pending home foreclosure, or vehicle repossession) we can stop it immediately, even if you don’t have any money to pay up front. With $0 down, we will file your case and allow you to pay the remaining fees in small payments over time.

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Full Service Bankruptcy

Full service bankruptcy means that you don’t have to search for all your bills, account numbers, and balances, etc.; and you don’t have to fill out a large stack of paperwork. We gather all that information for you, and we do all the paperwork necessary to complete your case.

Learn More

Bankruptcy Articles

September 6th, 2022

Do I Need a Bankruptcy Attorney in Las Vegas?

Are you thinking about filing for bankruptcy in Las Vegas? If you are like most people who are facing bankruptcy, you may be a little apprehensive about the process. People wonder everything from whet [...]

Learn More

January 20th, 2021

What to Expect After Filing for Bankruptcy

What to Expect From Bankruptcy The bankruptcy process, while ultimately liberating, understandably tends to wear on a person’s nerves. Many worry about how the bankruptcy judge will perceive them [...]

Learn More
Read All Articles

See What Our Customers Have to Say!

Our Client Testimonials

From our first meeting and throughout, Fair Fee Legal Services has been extremely helpful, knowledgeable and prompt. The prices are very reasonable, and the locations are easily accessible. We would recommend Ballstaedt every time!

Kat E. Actual Client

The professionalism and competence displayed by Lori Draper in dealing with me and my wife is rare in this day and time, where businesses treat clients as commodities rather than people. Lori has exceptional people skills and works diligently to make clients fell that they are the most important thing her agenda. Lori is prompt, timely and professional, which creates an atmosphere of trust and makes clients want to recommend the Fair Fee Legal Services to others. Employees like Lori Draper is an asset a company should be proud of representing them

Lawrence B. Actual Client

Harlene July 2010 – I had put off filling for a while. I was kind of afraid of the unfamilar. The staff was amazing, and made me feel good about what I needed to do. Seth, was right to the point and got things handled. I am very pleased.

Harlene H. Actual Client