Nevada residents that are struggling to make ends meet, living pay check to pay check, and barely able to afford their living expense bills may need to consider filing for bankruptcy with Price Law Group and our Nevada bankruptcy attorneys. While each case is different, you may be eligible for Chapter 7 bankruptcy or Chapter 13 bankruptcy, giving you a clean slate to start new, letting you take control of your financial future.

Chapter 7 bankruptcy, also known as “liquidation” or “straight bankruptcy” offers protection to filers from their creditors and relief from many of the debts that have contributed to their overall financial hardship. If you are struggling to make ends meet and living paycheck to paycheck, Chapter 7 bankruptcy may be the answer to your financial woes, allowing you to clear most of your outstanding debts quickly, letting you take control of your financial future. We will help you determine if you are eligible for Chapter 7 bankruptcy in the state of Nevada.

The two main eligibility checks are 1) if you make less than the median income in your specific area and 2) if you make more than the median income in your area but have less than $10,000 of disposable income to pay back your debts over a 5 year period.

Chapter 13 bankruptcy, also known as “wage-earners” bankruptcy is type of bankruptcy that provides a person the ability to start fresh, but still requires the filer to pay of some of their outstanding debts. Nevada residents that file under Chapter 13 will have monies set aside to cover rent or a house payment, utilities, a car payment, etc. but the majority of your income will be put towards paying off your outstanding debts calculated over a 3 to 5 year period.

We have licensed bankruptcy attorneys in Nevada in both Las Vegas and Reno. Let us work with you to review your financial situation to determine which type of bankruptcy is right for you. Schedule your consultation with us today and take control of your financial future with Price Law Group.