Category Archives: Chapter 7 For Individuals
4 Types of Debt That Cannot Be Discharged in a Nevada Chapter 7 Bankruptcy
The reason people file for Chapter 7 bankruptcy is to obtain a discharge of their debts. A discharge eliminates the debtor’s legal obligation to repay a debt. But not all debts can be discharged. The Bankruptcy Code lists a number of “non-dischargeable debts” that remain enforceable even after an individual completes the Chapter 7… Read More »
What Property Can I Keep in a Nevada Chapter 7 Bankruptcy?
Contrary to what you might think, filing for bankruptcy does not mean losing everything you own. In fact, the purpose of bankruptcy is to ensure that people are not left without means of supporting themselves while they work to rebuild their finances and eliminate debt. For that reason, someone who files for Chapter 7… Read More »
How Does the Automatic Stay Work in a Nevada Chapter 7 Bankruptcy?
If you are in debt to the point where your creditors are threatening legal action, or have already sued you, filing for Chapter 7 bankruptcy can provide you immediate relief in the form of an automatic stay. This is a key part of the bankruptcy process that helps protect you from ongoing creditor harassment… Read More »