When you file for Chapter 7 bankruptcy everything you own is temporarily not yours.  Your property becomes part of the “bankruptcy estate” which means it is subject to the bankruptcy court’s authority.  While much of your property will be exempt, there are certain common categories of property which will be lost by filing bankruptcy.

Read More

The answer to this question is as often as you like.  However, you cannot receive a Chapter 7 discharge if you have obtained a Chapter 7 discharge within the past eight (8) years. You calculate the time period from the date that you filed your last Chapter 7 petition.  The date that you actually received your Chapter 7 discharge has no bearing on the calculation.

Read More

What are the eligibility requirements for Chapter 13?“Exempt” property or an “exemption” refers to property you get to keep after filing for bankruptcy.  In Nevada, one of the exemptions is a “wildcard” exemption.  The wildcard exemption can be applied to any property that otherwise would not be exempt in bankruptcy.  In Nevada, as of 2017, the wildcard exemption is $10,000 if you are single filer or $20,000 if you are filing with your spouse.

Read More