Bankruptcy Chapter 7 in Nevada
If your family is overwhelmed by unsecured debts like credit cards, unpaid taxes, and overdue medical bills, Chapter 7 bankruptcy is a fast and legal way to wipe out your debts. At DebtStoppers, our clients are often debt-free in a few short weeks!
Call or text us today at 725-373-5900 to request a free financial consultation with one of our knowledgeable Nevada attorneys. If you think you’re too far in debt to ever get out, we can help you find the permanent relief you need.
Chapter 7 in Nevada
Filing for Chapter 7 allows you to completely eliminate your unsecured debts by discharging them, which erases your legal obligation to pay them. While Nevada laws technically permit a court-appointed trustee to liquidate some of your assets to pay your debts, our clients rarely lose any of their belongings in the process.
District court rules limit who can file for bankruptcy. To qualify, you must undergo credit counseling with a qualified counselor. You will also be required to attend a debtor education course. Your DebtStoppers lawyer will take care of all the arrangements and the courses are completed online.
Income Limits — The Means Test Explained
To qualify for Chapter 7, you will also have to pass the “means test.” This test will evaluate your income to determine whether you have other means to pay your debt without filing for bankruptcy. If either your household or disposable income exceeds the means test’s income limits, you can’t file under Chapter 7.
The Chapter 7 Process in Nevada
Step one of the filing process is to submit a bankruptcy petition to the district court nearest to you. The moment your lawyer files a petition, the court grants an automatic stay ordering your creditors to stop all collection activities. They won’t be allowed to contact you, period!
Once your forms are filed, an assigned case trustee will schedule a 341 meeting, which allows your creditors to object to the discharge of your debts. Even though creditors seldom show up to these meetings, your DebtStoppers attorney will prepare you and attend with you.
After the 341 meeting, the case trustee will review your household assets. Even though Nevada laws technically permit the trustee to sell your belongings to repay debts, most of our clients keep everything they own.
The Cost of Filing Chapter 7
The cost of our legal fees can fluctuate between cases, but our rates are among the most reasonable you will find in the Las Vegas area. On top of attorney fees, the court will charge a $335 filing fee to open your case. At DebtStoppers, we understand that paying this fee can be challenging when your family is struggling. That’s why we are proud to be one of the only law firms in America that will advance the filing fee to the court and include it in your payment plan.
Let DebtStoppers Help You
A Nevada bankruptcy can eliminate your debts and offer your family the fresh start you need. Call or text DebtStoppers today at 725-373-5900 to schedule a no-obligation debt analysis with one of our experienced Nevada lawyers. Don’t wait another minute to find financial freedom!
DebtStoppers is one of the few Nevada law firms that will file your Chapter 7 case for $0-upfront. Call or text us today at 725-373-5900 to learn more!