Guide to Finding Nevada Bankruptcy Lawyer

If you are in debt and can't find a way to escape it, you may need the services of a Nevada bankruptcy lawyer. NV bankruptcy lawyers can help you to navigate the bankruptcy court system successfully so that you can get your finances back on track in as little time as possible. The surprisingly affordable services of Nevada bankruptcy lawyers can get you out of debt and improve your credit so that you can buy a car or house.

A NV bankruptcy lawyer may be your best chance to get out of debt. This guide will help you understand Nevada's bankruptcy laws and how to seek legal representation by one of the qualified NV bankruptcy lawyers practicing in the state. Once you find a Nevada bankruptcy lawyer, you can begin to live your life without crushing debts impacting you.

Types of Bankruptcy: Chapter 7

Many Nevadans in the current economy have built up medical or credit card debt that seems completely insurmountable without the services of a NV bankruptcy lawyer. If you have debt you need to have simply wiped out, a Nevada bankruptcy lawyer can help you to declare Chapter 7 bankruptcy.

Nevada bankruptcy lawyers can help you decide if Chapter 7 is right for you. Under Chapter 7 bankruptcy laws, your NV bankruptcy lawyer will help you to have most of your debts discharged permanently. NV bankruptcy lawyers can help you to get rid of intimidating bill collector calls or threatening letters by eliminating debts you cannot pay.

Only a few types of debt cannot be wiped out by Nevada bankruptcy lawyers seeking Chapter 7 bankruptcy. Student loan debt or missing child support payments, for example, cannot be discharged even with the assistance of your Nevada bankruptcy lawyer. However, in general, all credit card debt and medical debt can be discharged by working with a NV bankruptcy lawyer to declare Chapter 7 bankruptcy. NV bankruptcy lawyers can advise you as to which debts you may still have after Chapter 7.

The main disadvantage of Chapter 7 bankruptcy, which you can file with or without the assistance of a Nevada bankruptcy lawyer every 8 years, is that you may be forced to give up personal property. Nevada bankruptcy lawyers can advise you about whether you will have to give up personal property. Later in this guide, we will explain how property exemptions can let your NV bankruptcy lawyer help you keep your house, car, and most important possessions.

Types of Bankruptcy: Chapter 13

If you have a job and your debts are too difficult to pay, you may prefer to hire NV bankruptcy lawyers to file for Chapter 13 bankruptcy. If your Nevada bankruptcy lawyers and you choose to file for Chapter 13, not all of your debts will be discharged. Instead, you, your Nevada bankruptcy lawyer, and the judge will work together to figure out a payment plan to let you pay off as much of your debt as possible while still meeting your basic needs for survival.

Chapter 13 bankruptcy does not require you to give up any assets. NV bankruptcy lawyers can help you decide whether Chapter 7 or Chapter 13 bankruptcy is best for your situation, and your NV bankruptcy lawyer can help to explain what the differences would be in your case.

Exempt Property Laws in Nevada

Your Nevada bankruptcy lawyer can tell you that most Chapter 7 bankruptcies in Nevada qualify as “no asset,” which means that all your property and assets are exempt from being taken in the bankruptcy action. Nevada bankruptcy lawyers can help you to understand the property exemptions in the state. Your NV bankruptcy lawyer can also inform you about recent changes to bankruptcy laws and exemptions that may impact what property you are allowed to keep.

In the state of Nevada, you and your Nevada bankruptcy lawyer may declare up to $550,000 of your home's value exempt, as well as your household furnishings worth up to $12,000. You are also permitted to keep any motor vehicle equity you may have up to a limit of $15,000. For information on additional exemptions, you may wish to contact NV bankruptcy lawyers.

Chapter 13 bankruptcies do not require you and your NV bankruptcy lawyer to separate your property into exempt and non-exempt assets, because no assets will be taken.

Affording a Nevada Bankruptcy Lawyer

Because most people only start needing Nevada bankruptcy lawyers when they are already facing high bills, you may wonder how you can afford a NV bankruptcy lawyer on top of your other debts. The good news is, most NV bankruptcy lawyers will work for a relatively low flat fee, and many Nevada bankruptcy lawyers will allow you to make installment payments for legal services.

It is also important to remember that after your bankruptcy; many of your debts will be discharged, making paying your Nevada bankruptcy lawyer substantially easier. It may be much cheaper to hire NV bankruptcy lawyers than to continue paying your debts for even a few more months.

Finding Nevada Bankruptcy Lawyers

Trying to find a NV bankruptcy lawyer by just looking in the phone book or on the internet can be overwhelming and confusing. Instead, you may wish to contact one of the NV bankruptcy lawyers available through the state's Lawyer Referral and Information System (LRIS). When you call the LRIS, you will be asked a few questions about your legal situation and location and then referred to a Nevada bankruptcy lawyer close to you.

Nevada bankruptcy lawyers who make themselves available for LRIS consultations will charge you no more than $45 for an initial, half-hour consultation. This low fee ensures that if you are not happy with the NV bankruptcy lawyer you have been referred to, you will be able to talk to more NV bankruptcy lawyers to find one who you are more comfortable with.

Your First Consultation

During your first consultation with a Nevada bankruptcy lawyer, you should feel free to ask any questions about your bankruptcy that Nevada bankruptcy lawyers could help with, like what asset limits apply to you. You should write these questions down ahead of time so that you do not forget any questions during your consultations with NV bankruptcy lawyers. You should also bring a pen and paper to write any information about your NV bankruptcy lawyer that seems relevant, including their experience and fee structure.