Bankruptcy Blog

Chapter 7 Bankruptcy is the most common type of bankruptcy. Chapter 7 Bankruptcy is a liquidation of your assets to pay your creditors. Chapter 7 Bankruptcy is simple, inexpensive and may allow you to eliminate most of your unsecure debt (hospital bills, unsecure personal loans, and credit card debt) with in four to six months. [...]

If your income is too high to file Chapter 7 Bankruptcy, or you have a home and other properties you do not want to liquidate, filing Chapter 13 Bankruptcy may be another option for you. Chapter 13 Bankruptcy will not immediately discharge your debts but it may allow you to: stop home foreclosure, end repossession, [...]

Are the credit card bills piling up? Are you avoiding creditor calls, hoping they will stop calling? Have you suffered an accident or had an unexpected job loss. The financial upheaval in the banking industry, high unemployment and sky rocketing medical costs have affected many people.

Fortunately, the federal government has created the bankruptcy process to [...]

Not all debts will be discharged by filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Federal law will outline all debt which is not dischargeable. Nevada’s non-dischargeable debt is the same as other states. It is important to talk to your Nevada Bankruptcy Lawyer to determine what debts may not be dischargeable. If you fail [...]

If you do not pass the means test or you have assets and property you would like to keep, you may want to consider filing Chapter 13 Bankruptcy. Chapter 13 will not immediately discharge your debt, but it also will not liquidate your assets. Instead, you will work with your Nevada Bankruptcy Attorney to create [...]

Chapter 7 Bankruptcy is a liquidation bankruptcy which allows you to discharge most of your unsecured debt. A trustee is assigned by the bankruptcy court. Your trustee will sell your non-exempt assets and use the funds from the sale to repay your creditors. Your creditors will be paid according to their priority under federal bankruptcy [...]

If you live in the state of Nevada, you have probably been affected by the deteriorating economy. In the last year there has been a significant drop in revenue from gaming, an increase in the unemployment rate, nose diving home prices and a decline in the number of visitors to the state. All of these [...]