Blog
Chapter 7, in plain English
Answers to the questions people ask before they file, from someone who also sits in the trustee’s chair.
If I File Bankruptcy, What Happens to My Co-Signer?
Your bankruptcy erases your liability on a co-signed debt, not your co-signer's. What Nevada filers should know before they file.
Read the article →How Does the Means Test Actually Work in a Nevada Chapter 7?
The means test averages the six full calendar months before the month you file. Here is how that window works in a Nevada Chapter 7, and why timing matters.
Read the article →If I File Bankruptcy in Nevada, Does My Spouse Have to File Too?
No, your spouse does not have to file with you. But Nevada is a community property state, and that changes what comes into your case.
Read the article →Will the Trustee Take My Furniture and Tools If I File Chapter 7 in Nevada?
Nevada protects household goods, jewelry and work tools in Chapter 7. A trustee explains the $12,000, $5,000 and $10,000 exemptions and how value is measured.
Read the article →What Happens to the Money in My Bank Account When I File Chapter 7 in Nevada?
The balance your bank shows on your filing date is what counts in a Chapter 7, not your checkbook. How Nevada exemptions treat money on deposit.
Read the article →Can the Bankruptcy Trustee Take My 401(k) or IRA in Nevada?
In almost every Nevada Chapter 7, your 401(k) and IRA are protected by federal law. What a Chapter 7 trustee actually looks at, and where cases go wrong.
Read the article →Can I Keep My Car If I File Chapter 7 in Nevada?
Nevada exempts $15,000 of equity in one vehicle under NRS 21.090(1)(f). What a Chapter 7 trustee actually looks at when your car is on the schedules.
Read the article →Can the Bankruptcy Trustee Take My Tax Refund in Nevada?
A Chapter 7 trustee can claim the part of a tax refund that accrued before you filed. Here is how Nevada exemptions usually protect it.
Read the article →What Happens at the 341 Meeting in a Las Vegas Chapter 7?
A short Zoom session with the Chapter 7 trustee. What gets asked, what the trustee is looking for, and how to prepare, from the trustee's side.
Read the article →Will I Lose My House If I File Chapter 7 in Nevada?
This is the first question almost everyone asks, and it stops a lot of people from filing who should. The short answer is that most Nevada homeowners who…
Read the article →Does Filing Bankruptcy Stop Wage Garnishment in Nevada?
Yes — and faster than most people expect. If a creditor is taking money out of your paycheck, this is usually the single most immediate thing bankruptcy…
Read the article →Chapter 7 or Chapter 13: Which One Do I Need?
People often arrive having decided they want Chapter 7 because they have heard it is faster and cheaper. Both of those things are true. But the choice is…
Read the article →How to Determine if a Bankruptcy Attorney Is Right for You
Filing bankruptcy is one of the most important financial decisions you’ll ever make, so choosing the right attorney is crucial. Here are some key things to…
Read the article →First Steps to Take When You’re Considering Bankruptcy
Learn the first steps to take when you consider filing bankruptcy. Get control over your debt with our guide on the first steps to take.
Read the article →What Does “No Money Down Bankruptcy” Mean?
In Las Vegas, a “no money down” Chapter 7 means $0 in attorney fees before filing. Here is what you pay up front, what you pay later, and how it works.
Read the article →