[ 1] It’s more common than most people think. Cooley Law School. Key Takeaways. 13 views 0 comments. $1,500 - $6,000. 871 Coronado Center Drive, Henderson, NV 89052. You. 77. In 2021, there were 288,327 Chapter 7 filings and 120,002 Chapter 13 filings in the U. While Reno business bankruptcy provides many advantages, it can be complex, is very expensive, and incurs many fiduciary responsibilities. With Chapter 7 bankruptcy, your personal debt, outside of student loans, recent income tax debt, or past-due child support can be. How Much Do Bankruptcy Lawyers Charge for Chapter 7? Our survey showed that, on average, readers paid their lawyers $1,450 to file for Chapter 7 bankruptcy. Laughlin, and Reno as well as Las Vegas, NV. The agency offering the credit counseling must be approved by the U. Bankruptcy under Chapter 13. Tisevich today for experienced legal guidance and advocacy. S. All bankruptcy cases are filed in federal bankruptcy court in the area where you live or where your business is located. Chapter 13 Bankruptcy. There are two types of bankruptcy: Chapter 7—the most common—and Chapter 13. Bankruptcy proceedings have a lot of moving parts. Stephen R. We Will Instantly Connect You with a Chapter 7 Bankruptcy Lawyer for a Free Consultation. You must pay all your extra or "discretionary" income to creditors each month, which isn't easy. With a population of 255601, I’d. If you don’t yet have a bankruptcy case number, leave that field blank. Once a tenant files bankruptcy, it typically requests bankruptcy court approval to use the “cash collateral” of its lender and/or requests a new loan from a lender, which is called a debtor-in-possession (“DIP”) loan. Important Notices. Beyond the Chapter 7 exemptions, we also assist with tax debts, provide advice regarding , debt settlement , and handle business bankruptcy in Chapter 7 and Chapter 11. Nevada Bankruptcy Court: Chapter 7: Judge: Hilary L Barnes: Case #: 3:23-bk-50840 Case Filed:. (775) 324-1011 phone. The practice is most experience with filings that involve chapter 7, chapter 11, or chapter 13 bankruptcy. 17 lawyers specializing in Chapter 11 are available in the Reno, NV area. However, because of the national law preventing bankruptcy abuse, this automatic stay might be short. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy; Emergency Bankruptcy Filing in Reno; Wage Garnishment; Foreclosure; Repossession; Credit Card Debt and Bankruptcy; GET OUT OF DEBT; ABOUT; CONTACT; BLOG Call Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. Nevada Revised Statute 21. Landlord Filed for Eviction After Tenant Filed Chapter 7. S. Since 2009 Mr. 7290 fax. Chapter 7 bankruptcy is a powerful legal tool that allows you to completely erase many debts, including credit card debt, medical debt, car loans, payday loans, and (in some cases) student loans. 2 3 Buying a home can be more complicated after a bankruptcy. These claims are. 322. Learn how bankruptcy works in Reno County, KS. S. Darby Law Practice is a financial solutions law firm located in Reno, Nevada providing legal advice and representation to. For over a decade, David C. Once a. In Chapter 7 bankruptcy, a trustee takes control of your assets and tries to sell them to make your. Bankruptcy Court,. Check your state’s local rules to see what types of cases are allowed in small claims court. com is home to over 8,894 Bankruptcy Chapter 7 lawyers and 8,820 law firms across the United States. Regardless of which type of bankruptcy you. S. 996. There is a fee but you can apply for a waiver if needed. There are too many Bankruptcy laws, rules and procedures to deal with. Courthouse 300 Booth Street Reno, NV 89509 Phone: (775) 326-2100. The firm focuses primarily on chapter 7 and chapter 13 bankruptcy. Luis Aguilar is a law firm in Riverside, California, providing bankruptcy resolution services to clients all over the metro area. Harris Bankruptcy Attorney, Reno Zero Down Bankruptcy Lawyers, Bittner & Widdis Law, Alison J Colvin, Law. Michael W. Bankruptcy is a common debt relief choice. But it won’t be impossible to find a rental. 1042. Our bankruptcy form packages have all the bankruptcy court forms you need, including easy instructions and a how to file bankruptcy guide. This is called filing pro se. Bankruptcy and Personal Injury. Bankruptcy is solely filed in a federal bankruptcy court and is solely governed by federal law. Chapter 13 enables people to pay off their obligations over a certain amount of time, typically three to five years. A Chapter 7 bankruptcy is also called a liquidation bankruptcy because you have to sell nonexempt possessions and use the proceeds to repay your creditors. S. Reno, NV 89509. You'll either file a Chapter 7 or Chapter 13 bankruptcy. Free profiles of 37 top rated El Reno, Oklahoma bankruptcy attorneys on Super Lawyers. David S. Chapter 7 bankruptcy takes all of the debtor’s assets (that are not exempt) and dissolves them and apportions the monies to the debtor’s unsecured creditors. Most of the cases where property is taken by the. Bankruptcy Chapter 7 Attorneys - If you are looking for bankruptcy lawyers, then our online service can help you get in touch. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy Bankruptcy courts in the District of Nevada are located in Las Vegas and Reno. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy U. A common misconception is that a bankruptcy ruins your credit rating, and that you will not be able to obtain any new credit after filing for bankruptcy. Cashier’s checks and money orders are also accepted. , Reno Sparks Bankruptcy Attorney, Stephen R. Reno Zero Down Bankruptcy Lawyers provides debt negotiation services, emergency bankruptcy filings, Zero Down Bankruptcy Lawyers, Bankruptcy Representation, Bankruptcy Referee, Bankruptcy Lawyer in Reno, NV. Meadows Parkway, Suite 800, Reno, NV 89521. Even if you can’t afford to hire a bankruptcy attorney,. Filing for Chapter 7 in Texas. Discharge rate. showed assets in the range of $100,001-$1,000,000 with liabilities in the. Call Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. Nevada Top rated Bankruptcy lawyers in Reno, NV Top rated Bankruptcy lawyer Seth J. For a Chapter 7 bankruptcy, you’ll shell out $338 for filing fees and about $1,300 for an attorney. Find 1 listings related to Chapter 7 Bankruptcy in Reno on YP. Serves clients throughout Nevada in business and consumer bankruptcy, general business matters, estate planning, and divorce. This is actually quite far from the truth. Generally, everyone filing Chapter 7 bankruptcy in Tennessee will need to provide: Tax returns from the last two years, Paycheck stubs from the last 60 days, and. Go to the court to file your forms 7. , Reno Zero Down Bankruptcy Lawyers, Young Stephen G Attorney At Law Reno Chapter 7 bankruptcy. Chapter 7 bankruptcy is the most common consumer bankruptcy in the United States. There are several types of reorganization bankruptcies, but Chapter 13 is the most common type for consumers. Affordable Chapter 7 Bankruptcy Lawyer In Reno, NV. Studies show that in 96% of cases, people who file for Chapter 7 get to keep all their property. The average rate for a Chapter 7 bankruptcy lawyer in Texas ranges from $975 to $2,000. You must be current on tax filings. Reno Fernandez . The process of bankruptcy, and waiting for it to be discharged can be stressful. $1,875 for jewelry. Your debts are discharged if the court finds that you satisfy this criterion. [ 1] It’s more common than most people think. This is an Official Bankruptcy Form. Get Started For As Low As $500 to $1,500. Skip to content. Chapter 11 Bankruptcy Lawyers | Reno Office. This can be paid in four installments up to 120 days after the filing (or 180 days if the court extends the timeframe). filed a 7 chapter bankruptcy in the Southern District of California bankruptcy court on July 15, 2019. And it's cheap. Chapter 7 Non-Pro Se Chapter 7 Pro Se Chapter 11 Chapter 12 Non-Pro Se Chapter 12 Pro Se Chapter 13 Non-Pro Se Chapter 13 Pro Se Chapter 15 TOTAL; 2022 2023 2022. Read on to learn about filing Chapter 7 bankruptcy, the meeting of creditors, keeping your car, and why creditors must stop contacting you after filing. showed assets in the range of $1MM - $10MM with liabilities in the range of $10MM - $50MM. C. The trustee will then sell the property and use the proceeds to repay your creditors. 090 contains a list of all property that is exempt from the bankruptcy estate. Chapter 7 is known as “liquidation bankruptcy. Chapter 7 is often a bankruptcy filer's first choice for several reasons. Go to the court to file your forms 7. Okay, let’s dive into how the type of case may result in higher or lower bankruptcy lawyer fees in Reno. A. Monthly Reno bankruptcy case filing statistics for the U. Skip to navigation. The test considers the debtor’s expenses, secured and. For cases filed in Reno: (775) 784-5335. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. is a bankruptcy attorney and the founder of Shmucher Law, PL. S. Reno, NV Bankruptcy Chapter 7 Law Firms & Attorneys. , P. About Bankruptcy. If you qualify, your debts are discharged, which means they go away. Call (816) 912-0626 Message Website. You get to keep certain kinds of property—for example, at least some of the equity in your home, your car, clothing, personal items, and property that is essential to your profession. Chapter 7 Voluntary Petition Non. Redemption. If you’re filing without a bankruptcy attorney, make sure to file the Pro Se Affidavit required in this district. Get Started For As Low As $500 to $1,500 Affordable Payment Plans Available 10+ Years Serving Over 1 Million. Clifton Young Federal Building and U. Find the right team for you today. Pham and Stevenson have offices throughout the Bay Area. 49 years. Compare the best Chapter 7 Bankruptcy lawyers near Reno, NV today. The short explanation below and our handy Chapter 7 versus 13 chart will help clarify things. Top Questions to Ask When Hiring an AttorneySpecialties: Zero Down Bankruptcy Lawyers of Reno is a top-rated Reno bankruptcy law office that is committed to providing affordable, thorough bankruptcy filings for clients throughout Nevada. The three types of personal bankruptcy – Chapter 7, Chapter 11 and Chapter 13 – all require the person filing the petition to pay a filing fee and an administrative fee. # of People. Trustee and the District of Nevada Bankruptcy Trustees. You need to consider your financial situation for choosing a chapter bankruptcy to file. Chapter 7 provides relief to debtors regardless of the amount of debts owed or whether a debtor is. You don't pay anything to creditors. If you are considering filing for Chapter 7 bankruptcy in Nevada, call the Law Office of Scott N. Chapter 7 Bankruptcy. 15, 2023), debtor's LLC interest in bankruptcy and charging order lienIn order to be eligible to file for Chapter 13 bankruptcy, you must have regular income and meet certain debt limitations for your unsecured and secured debts (unsecured debts must be less than $383,175 and secured debts must be less than $1,149,525 as of 2015). " Chapter 7 Bankruptcy in El Reno. And it's cheap. For the past decade she has run our. Chapter 7 is a bankruptcy proceeding in which a company stops all operations and goes completely out of business. Indiana University - Indiana University-Bloomington. Reno Contracting, Inc. Trustee is an Executive Branch agency that is part of the Department of Justice. The phone call is free, call us today!Chapter 7 Bankruptcy and Chapter 13 Bankruptcy are only two tools in our debt relief arsenal. Talk to a Bankruptcy Attorney in Reno About the 341 Meeting of Creditors. You are also entitled to one free report a year from. Updated:. Reno, NV 89509. The figures change every 6 months or so. Many landlords will be hesitant to rent to you during the two years immediately following the bankruptcy case, so you can count on. Each serves either an individual or an entity like a business or local government. See below for specific court information for Reno County. $500 - $3,500. In fact, many people in Nevada have received bankruptcy relief, and Reno is no different. Get Chapter 7 or Chapter 13 bankruptcy filings and the support you need from our trusted team. Chapter 7 bankruptcy can stay on your credit reports for 10 years, while Chapter 13 bankruptcy only stays on your reports for seven years. 23. Retailer quickly finds new life after Chapter 7 bankruptcy. Chapter 7 is often a bankruptcy filer's first choice for several reasons. Comanse, Esq. Reno. It's quick, taking only a few months to. This is a voluntary filing; it was assigned the bankruptcy case number #19-04150. 2 days ago · Summary of Pettine v. (530) 241-1100 1330 West St. 4 average years of experience in New. 876. But it’s a viable option if you don’t want to liquidate your assets, as required in Chapter 7, or you have too much debt to qualify for Chapter 13. Chapter 7 Bankruptcy. With Unbundled Legal Help, you can hire a lawyer to assist you with the parts of your case you need help with. Law Firms Lawyers. The other more common issue that we run into is whether or not an individual qualifies for chapter seven bankruptcy based upon income requirements. Call Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. License. People who have already filed for Chapter 7 bankruptcy can still switch to Chapter 13 later if they find it more to their advantage, as long as their secured debt is not more than $807,750 and their unsecured debt is under $269,250 (Federal Register, 2/12/98, p. You are considering filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Reno. Often called the 'liquidation chapter,' Chapter 7 is used by individuals, partnerships, or corporations who have no hope for repairing their financial situation. 4 average years of experience in New. We have experience with Chapters 7, 11, 12, and 13 of the U. Court fees for Chapter 7 are $338 and $313 for Chapter 13. Learn how the Chapter 13 bankruptcy process. , Demetras Law, Barber Law Group, Inc. This course takes about 1–2 hours, and you can take it online, by phone, or in person, depending on where you live. There are two main categories of bankruptcy. Shmucher's bankruptcy practice includes creditor negotiations, the representation of individuals and corporate debtors, creditors, and trustees in Chapter 7 and Chapter 13 filings and adversary proceedings. Browse comprehensive profiles including education, bar membership, awards, jurisdictions, and publications. Hire affordable bankruptcy attorney in Reno NV with Recovery Law Group. S. The following is a list of ways your lawyer can help you. The second most common form of bankruptcy is a Chapter 13 bankruptcy. We have the lowest prices for a Chapter 7 Bankruptcy Lawyer in Reno or Sparks, Nevada. In addition, when you arrive at our office we print out for you a complete fee breakdown. There are too many Bankruptcy laws, rules and procedures to deal with. Comanse, Esq. $2,800 for tools of the trade. Bankruptcy is a legal proceeding involving a person or business that is unable to repay outstanding debts. 2020 Best Invention. You are considering filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Reno. After filing chapter 7, the court will appoint a case trustee to liquidate your non-exempt assets to pay your creditors. Bankruptcy Lawyer Serving San Francisco, CA (408) 295-1700; California Bankruptcy Lawyer with 15 years of experience. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy;While it’s possible to file for bankruptcy on your own, consulting an experienced attorney can prevent you from making costly errors that could result in your case being delayed or denied. Redemption. If you are considering filing bankruptcy, the most important first step is to become educated about the process. Filing for Chapter 7 in New Jersey. Monthly Reno bankruptcy case filing statistics for the U. Darby Law Chapter 5 Small Business. It can get even more stressful if you lose your car during bankruptcy, especially considering your credit score will take a hit after filing. Robert Conrad Borris Jr. Chapter 7 bankruptcy is a type of bankruptcy filing commonly referred to as liquidation because it involves selling the debtor’s assets in bankruptcy. Top Cities: Las Vegas, Reno, Henderson, Cold Springs. The Chapter 7 federal bankruptcy laws can stop debt collection and provide a clean slate for many individuals. Attend the 341 meeting with your trustee 10. For example: Assume you are expecting a tax refund of $4,000. Recent 2005 changes in bankruptcy laws stiffened eligibility requirements for people filing Chapter 7 and made the bankruptcy process more complicated. Toggle navigation (775) 243-3769. The cost of bankruptcy includes paying court fees, and fees for a lawyer. Car loans are considered secured debts. . S. past-due utility balances. It's quick, taking only a few months to. Filing for Chapter 7 in New York. Yes. Bankruptcy Code. In the first circumstance, the lender will be entitled “adequate protection. Chapter 7 and Chapter. Chapter 13 bankruptcy. Its responsibilities. pdf:Find Nevada attorney Nicholus Palmer in their Reno or Reno office. Livermore, CA Bankruptcy Attorney with 44 years of experience. Reno Bankruptcy Lawyer - Darby Law Practice 775-636-6791 Know your rights responsibilities and option Darby Law Chapter 5 Small Business Darby Law Bankruptcy StigmaAt Bankruptcy Law Group, we specialize in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Services. Once the process is complete, the remainder of your included debts is discharged. It’s common to be concerned about what’s going to happen to your car if you file bankruptcy. 11/15/2023. Darby, Esq. If a landlord attempts to file to evict the tenant after the tenant has filed for Chapter 7, the landlord will be unable to proceed with the eviction due to the tenant's automatic stay. 04/01/2020 - A Message from our President Chad Johnson: In March of 2010 I started Bankruptcy Law Group and Patricia Hadfield was one of the first attorneys I hired. BANKRUPTCY. There are too many Bankruptcy laws, rules and procedures to deal with. Experts estimate that over 39 million Americans have filed for bankruptcy. Darby. News Lawyer Directory – powered by Best Lawyers®Bankruptcy Law Group - Reno, NV. 23-50502-hlb and is pending before the honorable Judge HILARY L. In both cases, if you’re successful in filing, you won’t have to repay certain debts, and wage garnishment and. Applies all IRS Expense allowances and current State Median Income standards to give you an idea of whether you qualify for Chapter 7 bankruptcy. medical bills. It is available to individuals who cannot make regular, monthly, payments toward their debts. 800 S. Hiring a bankruptcy attorney is not inexpensive, but it is recommended. Contact Us. You don't pay anything to creditors. Updated Nov 1st, 2023. Reno, NV Bankruptcy Chapter 7 Law Firms & Attorneys. Everyone filing bankruptcy has to complete a pre-bankruptcy credit counseling course through one of the approved credit counseling agencies. 1 review. Darby Law Practice, Ltd. You may consider a Chapter 13 bankruptcy if some of the payments from the wage garnishment would not be. Necessary household furnishings, electronics, goods, and appliances up to $12,000. Shmucher's bankruptcy practice includes creditor negotiations, the representation of individuals and corporate debtors, creditors, and trustees in Chapter 7 and Chapter 13 filings and adversary proceedings. The court may revoke a chapter 7 discharge on the request of the trustee, a creditor, or the U. Upsolve Civil Rights Should Be Free. Transcript Order Form for Reno and LV: Online Transcript Request Form: 04/12: Instructions: Request for Archived Bankruptcy Cases (Individual). Find a local Reno, Nevada Bankruptcy Chapter 7 attorney near you. , P. 2. A trustee is appointed to liquidate (sell) the company's assets, the proceeds are. You can file bankruptcy without a lawyer. Armstrong. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy; Emergency Bankruptcy Filing in Reno; Wage Garnishment; Foreclosure; Repossession; Credit Card Debt and Bankruptcy; GET OUT OF DEBT; ABOUT; CONTACT; BLOGCall Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. Chapter 13. There are two primary types of bankruptcy: Chapter 7 and Chapter 13. Cussen, CMFC . 46 Results have been found for Bankruptcy Chapter 7 attorneys in Reno, NV, belonging to 18 different law firms. KEVIN A. S. Rent Your New Place Before the Foreclosure Shows on Your Credit Report. The firm is capable of handling personal and business bankruptcies, assisting clients in filing for a chapter 7, 11, or 13. While nationwide bankruptcy filings in 2021 were surprisingly down 24% (to 397,370), the ratio of Chapter 7 filings among all bankruptcies held steady at 69%, according to the American Bankruptcy Institute (ABI). Our expertise can be your guide, especially while navigating the many. C. Filing personal bankruptcy under Chapter 7 or Chapter 13 takes careful preparation and understanding of legal issues. Harris Bankruptcy Attorney, Harold C. Chapter 7 Bankruptcy in El Reno. Plumb Lane Suite 202 Reno, NV 89509 775-322-1237 Email: [email protected]Get your filing fee ready or fill out a fee waiver request 5. 4557. In addition, when you arrive at our office we print out for you a complete fee breakdown. 1237 phone. (775) 823-2900 50 W Liberty St. Thursday, November 18, 2021 On June 21, 2021, the United States Trustee Program’s rule entitled Uniform Periodic Reports in Cases Filed Under Chapter 11 of Title 11, published at 28 C. S. If you are seeking bankruptcy experts to help you file for bankruptcy in Reno, you need to know your options and you need to know your costs and fees involved for filing bankruptcy. Updated: 03/04/2016. Chern says that a Chapter 7 debtor can finance a car the day after filing. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. However, because of the national law preventing bankruptcy abuse, this automatic stay might be short. The process forces companies, or the court. Chapters 9, 11, 12, and 15 are. Trustee U. S. A Chapter 13 bankruptcy in Nevada is a payment plan based bankruptcy. Chapter 7 Bankruptcy and Car Loans. S. BANKRUPTCY. To obtain a copy of the Local Rules, you may download the portable document format (pdf) files above or contact Lexis/Nexis - Matthew Bender Publishing at 1-800-833-9844. Effective onApril 1, 2022. But it’s a viable option if you don’t want to liquidate your assets, as required in Chapter 7, or you have too much debt to qualify for Chapter 13. Call 775-348-4600 to schedule a risk-free consultation. And it's cheap. Bankruptcy is a common debt relief choice. New Hampshire Bankruptcy Chapter 7 Lawyers There are 38 bankruptcy chapter 7 lawyers, with 27. The cost to file bankruptcy in Nevada is $338 for a Chapter 7 bankruptcy and $313 for a Chapter 13 bankruptcy in 2023, but the answer becomes more nuanced if you decide to file with a bankruptcy attorney and if you are trying to get the filing fees waived. Exactly. Most people file either Chapter 7 or Chapter 13, and you're not alone if you don't know how the two differ. S. Visit Website. It's quick, taking only a few months to complete. View the law firm's profile for reviews, office locations, and contact information. Bankruptcy law, NV and across the United States is established through the Federal Bankruptcy Code. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy; Emergency Bankruptcy Filing in Reno; Wage Garnishment; Foreclosure;. We were actually able to get an accurate estimate for how much the. Certain of your as-sets are sold by a Bankruptcy Trustee and the. Serving San Jose, CA (Santa Clara, CA) Choose Michael W. You don't pay anything to creditors. Holly E. Save. A recent bank statement. Top Cities: Las Vegas, Reno, Henderson, Cold Springs. Their advice was excellent and…. People will often refer to Chapter 7 bankruptcy as a “liquidation" bankruptcy because you must turn over any property not protected by a Nevada exemption to the bankruptcy trustee. In Chapter 7, the debtor's estate is liquidated under the rules of the Bankruptcy Code. 871 Coronado Center Drive, Henderson, NV 89052. Make A Payment. Filing a Chapter 7 bankruptcy case can stop a foreclosure sale, but only temporarily. Filing fees are the same nationwide, but attorney. At Bankruptcy Law Group, we have over 30 years of combined experience helping individuals in California achieve total debt relief through Chapter 7 and Chapter 13. 7, 2023 9:20 am ET. , Harold C. View profile. The Chapter 7 federal bankruptcy laws can stop debt collection and provide a clean slate for many individuals. Chapter 7 and Chapter 13. Chapter 7 bankruptcy. When a business files a Chapter 7 bankruptcy, it is. The Chapter 7 federal bankruptcy laws can stop debt collection and provide a clean slate for many individuals. To file for student loan bankruptcy, you will first need to file for Chapter 7 or Chapter 13 bankruptcy. To file for student loan bankruptcy, you will first need to file for Chapter 7 or Chapter 13 bankruptcy. Personal Bankruptcy Comparison. Chapter 7 Bankruptcy. foreclosures, garnishments, and the IRS. Whether you are filing for Chapter 13 or Chapter 7 bankruptcy, we charge no out of pocket expenses so that you can have a greater chance of getting your finances back on track! With debt negotiation. Chapter 7 is often a bankruptcy filer's first choice for several reasons. Kevin A. Experian, TransUnion and Equifax now. In Chapter 13 bankruptcy, you can keep assets like a house or a car as long as you have a reliable income. A consumer debtor receives a complete discharge from debt under Chapter 7, except for certain. m. The Chapter 7 means test is the analysis that determines whether you're eligible to file Chapter 7 bankruptcy. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. 2 trillion in aggregate. Wajda Law Group. If you’re subject to a wage garnishment, making it difficult to save up the full fee, you can ask the Court to make payments instead. Top rated Bankruptcy lawyer. , Stephen R. 693. By contrast, the 138 public companies that filed for bankruptcy in 2008 had prepetition assets valued at $1. Individuals and married couples can only file under Chapter 7 if their income levels fall below Nevada’s median income. In both cases, if you’re successful in filing, you won’t have to repay certain debts, and wage garnishment and.