Will I qualify for Chapter 7 bankruptcy in Nevada?

They can hardly be called “new” any longer, however, changes to the bankruptcy laws passed in 2005 made it more difficult to file for Chapter 7. If based on a household of similar size, you earn more than the average Nevada family, you will need to pass the means test before you can qualify for Chapter 7 bankruptcy.

In theory, the means test was put in place to prevent those who could afford to pay something back to creditors from getting immediate relief through a Chapter 7. In practice, it represents just another government formula that seems totally divorced from logic. Suffice to say that bankruptcy lawyers are not big fans of the means test.

If you qualify for Chapter 7, however, you’ll “liquidate” your assets to pay off your debt. If you don’t qualify, you can file for bankruptcy under Chapter 13, the “reorganization” bankruptcy that puts you on a 3- to 5-year plan to pay back creditors. For many people, Chapter 7 is the more attractive option, which we’ll get into next.

Cost to file chapter 7 in Nevada

The chapter 7 filing fees in Nevada are $338, but that doesn’t tell the whole story of the real cost to file bankruptcy. Bankruptcy lawyers usually charge between $1,000 and $2,000 to file a chapter 7 case, in addition to the filing fee.

Nevada Bankruptcy Court Locations

Nevada has two United States Bankruptcy Court locations: Las Vegas and Reno. While it’s rare you would have to travel to court, I’ve included the address and contact information for each below.

Las Vegas: Foley Federal Building and U.S. Courthouse, 300 S. Las Vegas Blvd., Las Vegas, NV 89101, Phone: (702) 527-7000

Reno: C. Clifton Young Federal Building and U.S. Courthouse, 300 Booth St., Reno, NV 89509, Phone: (775) 326-2100

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