Nevada Bankruptcy Lawyers
Examine Nevada Bankruptcy Laws with a Local Attorney.
Filing bankruptcy in Nevada may help you regain financial freedom if you are burdened by unmanageable debt, being harassed by creditors, or facing home foreclosure.
If you're considering bankruptcy but are confused by the process and not sure whether or not it's the right answer for you, a Nevada bankruptcy attorney can answer your questions so that you may be able to make sound financial decisions now, before your situation deteriorates further.
As one of the hardest hit states in the recession, Nevadans have filed personal bankruptcy as a possible way to stop home foreclosure, or to eliminate excessive credit card or medical debt. A Nevada bankruptcy lawyer can tell you whether filing bankruptcy is an option for you.
Just fill out the free evaluation form below or call 877-833-2410 to schedule a no-obligation consultation with a bankruptcy lawyer near you—it could be the first step to regaining control of your financial life.
Nevada Bankruptcy Laws
Filing bankruptcy in Nevada may help put an end to credit card debt, foreclosure, collection calls and creditor lawsuits. Bankruptcy laws give you two main options to fight for debt relief: Chapter 7 and Chapter 13 bankruptcy.
Each type of personal bankruptcy provides unique options. Deciding which chapter might be best for you depends on the types of debt you have, as well as your income and other factors. A Nevada bankruptcy lawyer can help you evaluate your situation.
Chapter 7 bankruptcy is typically used by those with high credit card bills, medical debt, or personal loans. Chapter 7 can eliminate these types of debt in as little as a few months.
Chapter 13 bankruptcy is typically used by those facing home foreclosure or car repossession. Chapter 13 creates an affordable repayment plan that allows filers to catch up on priority debts over time.
In some Chapter 7 cases, assets of the debtor may be seized by the bankruptcy court and used to pay creditors. However, Nevada bankruptcy laws allow some property to be exempt, and many Chapter 7 filers do not have to part with any property. These exemptions protect:
- Homestead: Real property or mobile home up to $550,000
- Automobile: Motor vehicle up to $15,000 (no limit if equipped for the disabled)
- Wages:75% of disposable weekly earnings or 50 times the mimimum wage, which ever is greater
- Up to $12,000 worth of household goods, furniture, appliances, home and yard equipment
- Up to $5,000 of books, jewelry, musical instruments, and works of art up
- 100% of pictures, keepsakes and health aids
- Up to $10,000 for tools of trade
- $1,000 of any additional personal property
Whichever personal bankruptcy chapter you file, your filing will come with a powerful court order called the automatic stay, which prevents creditors from any collection efforts.
Bankruptcy's automatic stay can be used to stop debt lawsuits, halt foreclosure and put an end to threatening phone calls.
If you file Chapter 13, the automatic stay can halt foreclosure while giving you the chance to repay missed mortgage payments.
Discuss Your Bankruptcy Options with a Nevada Attorney
Ready to find out more about your options under U.S. bankruptcy law? Talk with a bankruptcy attorney today. Simply fill out our free bankruptcy evaluation form or call 877-833-2410 to arrange a free, no-obligation consultation.Laws
may have changed since our last update. For the latest information on
your state's bankruptcy laws, speak to a local bankruptcy lawyer.