Bankruptcy Chapter 13 in Nevada
Does your family struggle to pay the bills each month? Are you completely drained from juggling your debts while battling non-stop creditor harassment? If it feels like debt has taken control of your life, Chapter 13 bankruptcy will put you back in the driver’s seat.
Filing for Chapter 13 in Nevada will allow you to establish a 3-to-5-year plan to pay back about 10% of what you owe. You’ll pay one affordable installment each month to a court-appointed trustee until you have completed your Ch. 13 plan.
Call or text DebtStoppers today at 725-373-5900 to schedule a no-obligation consultation with one of our experienced Las Vegas lawyers. We can analyze your family’s money problems and help you decide if bankruptcy is the right choice for your financial situation.
The Laws and Requirements for Chapter 13
Nevada bankruptcy rules limit who is allowed to file for Chapter 13. First, you must participate in credit counseling with a qualified financial counselor. You will also be required to attend a financial education course. DebtStoppers will make all of the arrangements, so you don’t have to worry about finding an approved counselor or class.
What Happens When You File Chapter 13 in Nevada
To initiate proceedings, your attorney will file a bankruptcy petition in the nearest Nevada district court. Once your forms are submitted, the court will issue an automatic stay that requires your creditors to stop collection attempts like:
- Wage garnishment
- Collection calls
How Much Does it Cost To File?
The cost of our legal fees varies depending on the complexity of the case. However, our rates are some of the most competitive in Nevada. We also offer reasonable payment plans that allow you to pay your attorney fees over time. To submit your petition and open your case, the court will also assess a $310 filing fee.
Income Limits and the Means Test
To qualify for Chapter 7, filers have to pass the "means test," which evaluates your family’s household and disposable income to determine whether you can repay your debts without bankruptcy. If either income is over the limit, you can’t file under Chapter 7.
Fortunately, the laws don’t set any income limits for filing Chapter 13. This means that you can file no matter the size of your paycheck. You will never have to worry about making too much money to qualify.
DebtStoppers has helped thousands take back control of their finances (and their lives!) and start over again. Let us explain how a DebtStoppers customized debt relief plan can start your family down the path to financial freedom. Call or text us today at 725-373-5900 to request a free debt review with one of our skilled Nevada lawyers. We can put you back in charge of your life.
Don’t let your debts run your life! DebtStoppers can help your family find the relief you need. Schedule a financial evaluation with one of our seasoned Nevada attorneys to discover your options. Call or text us today at 725-373-5900 to get started on your fresh start.