News Lawyer Directory – powered by Best Lawyers®Bankruptcy Law Group - Reno, NV. As of April 1, 2023, the median family income levels for Florida have INCREASED, which generally benefits individuals who are in need of debt relief, as it typically makes it easier to qualify for chapter 7 liquidation bankruptcy. , Stephen R. Dedicated and Experienced Reno Bankruptcy Attorneys. S. Learn with a Reno bankruptcy attorney how to avoid them. better suited to your needs. To file for student loan bankruptcy, you will first need to file for Chapter 7 or Chapter 13 bankruptcy. Harris Bankruptcy Attorney, Harold C. A Chapter 7 case begins with you, the debtor, filing a petition with the bankruptcy court serving the area where you live. Rent Your New Place Before the Foreclosure Shows on Your Credit Report. Steve Harris has been actively involved in many of the largest, high profile bankruptcy cases in Nevada. Our bankruptcy form packages have all the bankruptcy court forms you need, including easy instructions and a how to file bankruptcy guide. Find reviews, educational history and legal experience. 800 S. As per the Bankruptcy Abuse and Consumer Protection Act of 2005 (BAPCPA), consumers who file a Chapter 7 or Chapter 13 bankruptcy are required to complete a Bankruptcy Credit Counseling session with an approved non-profit counseling agency. Bankruptcy proceedings have a lot of moving parts. Compare the best Chapter 7 Bankruptcy lawyers near Reno, NV today. Rent Your New Place Before the Foreclosure Shows on Your Credit Report. B. Contact us today!Specialties: White Law Chartered, located in the Historic Twentieth Century Building, serves the community in protecting assets for the present and future with the creation of wills and trusts. Chapter 7 is often a bankruptcy filer's first choice for several reasons. Chapter 7 bankruptcy is the. Eliminate Debt and Get a Fresh Start with Chapter 7 Bankruptcy. Client Commitment Pledge to follow the highest quality client service and ethical standards. Las Vegas, NV 89113. It’s common to be concerned about what’s going to happen to your car if you file bankruptcy. Harris is a law firm in Reno, Nevada, assisting clients with insolvency issues and bankruptcy filings. 800 S. Reno has 11 Chapter 7 bankruptcy Attorneys with 53 Reviews Holly E. Meadows Parkway, Suite 800, Reno, NV 89521. The Chapter 7 federal bankruptcy laws can stop debt collection and provide a clean slate for many individuals. Also: Citation CJ3 Gen2, flyVbird Signs LOI for 'Alice', Gogo 5G 4 Canada, BizAv Finance ANN has learned that Rotor X has filed for bankruptcy | Published: Mon, Oct 30, 2023 | Aero-News NetworkOfer Shmucher, Esq. Unless you pay cash for a home, it could take one to four years before you can qualify for a mortgage loan again. You earn a fresh start. Full Attorney representation included. Reno Case Filings; Contact Information; Employment Opportunities; Jurisdiction; Locations and Hours; Public Notices;. ”. Chapter 7 and Chapter 13 Bankruptcy. View Website View Lawyer Profile Email Lawyer. Please know, declaring bankruptcy in Reno is not a financial death sentence. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. 1. 200 S Virginia St, FL 8, Reno, NV 89501Chapter 7 bankruptcy, also known as "straight bankruptcy," is what most people probably think of when they're considering filing for bankruptcy. However, because of the national law preventing bankruptcy abuse, this automatic stay might be short. (702) 727-9900 7220 S. Four in ten (40%) paid between $1,000 and $1,500, while some paid as little as $500 or as much as $5,000. S. 3. In order to file for chapter 11 bankruptcy in Nevada, the business must pay the following: $1,167 case filing fee; and. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt BankruptcyFor Reno Cases United States Bankruptcy Court District of Nevada 300 Booth Street Reno, NV 89509. S. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy; Emergency Bankruptcy Filing in Reno; Wage Garnishment; Foreclosure; Repossession; Credit Card Debt and Bankruptcy;Lawyers. Caryn S. To confirm their eligibility status or not, interested parties must pass the Mean Test. Chapter 7 bankruptcy is the most common consumer bankruptcy in the United States. , Demetras Law, Barber Law Group, Inc. I had spent many years in business trudging through legal adversity, financial ruin and endured many injustices. Bankruptcy Chapter 7 Attorneys - If you are looking for bankruptcy lawyers, then our online service can help you get in touch. Chapter 7 bankruptcy. Notice of Hearing on Confirmation of Chapter 13 Plan: NVB 3015: 09/16 : View Website View Profile Email Lawyer. 25% Bankruptcy and debt, 25% Chapter 7 bankruptcy, 25% Chapter 13 bankruptcy, and more. Stephen R. Take the second required bankruptcy course on financial management 9. 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. Each serves either an individual or an entity like a business or local government. Any non-exempt assets (luxury. Affordable Chapter 7 Bankruptcy Lawyer In Reno, NV. This is an Official Bankruptcy Form. Reno Fernandez . Here are the official Nevada Chapter 7 bankruptcy means test numbers that will take effect for all bankruptcy petitions filed after May 1st, 2022: Household Size of 1: Annual income of $54,394. Talk With a Chapter 13 Bankruptcy Lawyer. A Chapter 7 bankruptcy involves asset liquidation to pay off debt and can be done by an individual or business. David C. Landlord Filed for Eviction After Tenant Filed Chapter 7. S. m. If you file for chapter 7 bankruptcy in Nevada, state law permits you to keep certain property (“ exemptions “) such as up to $605,000 of equity in your home, up to $15,000 of equity in your car, and up to $1 million in certain retirement plans. Rapper Kimberly "Lil' Kim" Jones filed for Chapter 11 bankruptcy in 2018 in an attempt to not lose her New Jersey mansion. - 5:30 p. There are two primary types of bankruptcy: Chapter 7 and Chapter 13. While a Chapter 7 bankruptcy remains on your credit for 10 years, Chapter 13 only lasts for 7 years after filing. Attorney fees for Chapter 7 average between $1,000 and $3,500, and for Chapter 13 between $2,500 and $6,000. As business owners, it’s best to leave your debt concerns and financial problems to the experts. You can file bankruptcy without a lawyer. Filing for Chapter 13 bankruptcy is complicated, so hiring an experienced bankruptcy attorney is the best investment you can make to correct your financial situation. Chapter 7 is often a bankruptcy filer's first choice for several reasons. $1,875 for jewelry. B2B bankruptcy enables businesses to continue operations through a reorganization plan, rather than liquidation. Chapter 11 bankruptcy can get complicated and expensive, so most debtors choose Chapter 13 or Chapter 7 to avoid the time, costs and risks involved with Chapter 11. Generally, an individual debtor filing for bankruptcy can either file under Chapter 7 or Chapter 13 of the Bankruptcy code. 1321 (Reno) [email protected] Home; Attorney. Partner and Founder. $1,500 - $6,000. U. In fact, there were 7,892 bankruptcies filed in Nevada in the year ending June 30, 2021 . 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. Reno, NV Bankruptcy Attorney with 43 years of experience. Assets, like real estate, vehicles, and. BARNES in the U. Exactly. Since 2009 Mr. By law, your bankruptcy attorney or debt relief agency must advise you of your options under all available chapters of the bankruptcy code. Individuals and married couples can only file under Chapter 7 if their income levels fall below Nevada’s median income. If you would like further assistance filing for bankruptcy in Las Vegas, Contact DeLuca & Associates at (702) 872-3134 to schedule a free. foreclosures, garnishments, and the IRS. Instead, contact Fair Fee Legal Services to hire a qualified bankruptcy attorney in Las Vegas. showed assets in the range of $1MM - $10MM with liabilities in the range of $10MM - $50MM. 7 billion in 2020. Avvo Rating: 8. , is a boutique law practice located in Reno, Nevada, focusing on business and individual reorganizations, Chapter 7 liquidations, bankruptcy trustee. Chapter 13 bankruptcy is a reorganization whereas Chapter 7 bankruptcy is a liquidation. There are non-bankruptcy solutions that make the most sense for some individuals. Filing for Chapter 7 in Texas. 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. Harold C. The bankruptcy petition for RENO CONTRACTING, INC. 2 3 Buying a home can be more complicated after a bankruptcy. 775-260-2616. 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. C. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. We joked in the interview that she would give me 10 years, and she has. Find the right team for you today. Car loans are considered secured debts. Cimarron Rd. You can get a free Experian credit report every 30 days. This is a voluntary filing; it was assigned the bankruptcy case number 23-50233. You. If you don’t yet have a bankruptcy case number, leave that field blank. Trustee Program determines the approved providers for each judicial district in all but two states. Proof Of Claim. Visit Website. Chapter 7 Bankruptcy. The trustee will then sell the property and use the proceeds to repay your creditors. Court employees and bankruptcy judges are prohibited by law from offering legal advice. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy Bankruptcy courts in the District of Nevada are located in Las Vegas and Reno. Darby Law Practice, Ltd. Chapter 7 Bankruptcy Lawyers in Reno, Nevada. The following is a non-exhaustive list of Nevada bankruptcy exemptions (property you get to keep): Up to $605,000 in home equity (“homestead exemption”); Up to $15,000 in automobile equity (“motor vehicle exemption”); BAPCPA made substantial changes to the Bankruptcy Code. If they are filed correctly, your debts will be discharged, but without an attorney, only one in three people will be successful, and their cases will be dismissed. Reno Bankruptcy Attorney | Nevada Bankruptcy Attorney | Estes Law. You are also entitled to one free report a year from. A consumer debtor receives a complete discharge from debt under Chapter 7, except for certain. 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. This may be your best option if you can find a new place to live quickly. The firm focuses primarily on chapter 7 and. Click here to see related practice areas and towns nearby as well as additional resources. Summary. Chapter 7 bankruptcy is the most common consumer bankruptcy in the United States. The standard timeline for a Chapter 7 filing takes between four to six months to complete. Livermore, CA 94551. Chapter 13. KEVIN A. A lawyer’s fee is an important consideration, especially in a Chapter 7 case, but it shouldn’t be the only factor when choosing a lawyer for your case. As a result, filing bankruptcy can have a severely negative impact on your credit score. In exchange for debt relief, these filers pay their discretionary income to creditors in a three- to five-year repayment plan. RENO, NV 89511: Trustee CHAPTER 11 - RN 300 BOOTH STREET, STE 3009 RENO, NV 89509 U. Listen. Write A Review. , Nov. Craig Demetras has a team of bankruptcy lawyers offering legal representation in Sparks. If you’re filing without a bankruptcy attorney, make sure to file the Pro Se Affidavit required in this district. 1 like. There are 2 main types of bankruptcy. This is called filing pro se. 4557. Filing fees are the same nationwide, but attorney. It's quick, taking only a few months to complete. Fact checked by. Car Bankruptcy Loans can get you a fresh start when you need one, so let the our program help you find a car loan after. On a personal note, Kevin and Tricia have two beautiful young children,. View the law firm's profile for reviews, office locations, and contact information. charge no out of pocket expenses so that you can have a greater chance of getting your finances. Chapter 7 is a bankruptcy proceeding in which a company stops all operations and goes completely out of business. How the Bankruptcy Filing Date Affects Renting an Apartment. $1,875 for jewelry. 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. 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. 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). Reno, NV Bankruptcy Chapter 7 Law Firms & Attorneys. Select Bankruptcy under “Court Type” and enter your ZIP code, and then click “Go”. Contact me. The agency offering the credit counseling must be approved by the U. Chapter 7 and Chapter. Darby Law Practice is a financial solutions law firm located in Reno, Nevada providing legal advice and representation to. 8 (the “Final Rule”) became effective. is a bankruptcy attorney and the founder of Shmucher Law, PL. Cooley Law School. Okay, let’s dive into how the type of case may result in higher or lower bankruptcy lawyer fees in Reno. Bankruptcy, Divorce and Family. If the debtor filing a chapter 13 petition agrees to pay in full a debt with a co-signer, the co-signer cannot be pursued for the debt as long as the debtor remains in chapter 13 and. On the other hand, a Chapter 7 bankruptcy, also known as a liquidation bankruptcy, erases all debt that is legal to erase. For example, in El Reno, you could get debt relief in about 120 days with a Chapter 7 bankruptcy. Serving San Jose, CA (Santa Clara, CA) Choose Michael W. Nevada Top rated Bankruptcy lawyers in Reno, NV Top rated Bankruptcy lawyer Seth J. Filing a Chapter 7 bankruptcy case can stop a foreclosure sale, but only temporarily. O'Mara Law Firm provides legal services to all cities in Nevada including Reno Sparks for any bankruptcy help. Chapter 13 bankruptcy is generally used by debtors who want to keep secured assets, such as a home or car, when they have more equity in the secured assets than they can protect with their Nevada bankruptcy exemptions. CLOSED NOW. 4. Landlord Filed for Eviction After Tenant Filed Chapter 7. Compare the best Chapter 11 attorneys near you and make informed decisions based on 34+ reviews and detailed attorney profiles. 7, 2023 9:20 am ET. 46 Results have been found for Bankruptcy Chapter 7 attorneys in Reno, NV, belonging to 18 different law firms. Rankine. This is a voluntary filing; it was assigned the bankruptcy case number #23-50233. This can be paid in four installments up to 120 days after the filing (or 180 days if the court extends the timeframe). Also: Citation CJ3 Gen2, flyVbird Signs LOI for 'Alice', Gogo 5G 4 Canada, BizAv Finance ANN has learned that Rotor X has filed for bankruptcy | Published: Mon, Oct 30, 2023 | Aero-News NetworkWhether you file chapter 13 or chapter 7 should be a decision you make after considering the alternatives. Once the process is complete, the remainder of your included debts is discharged. The filing fee is typically due when you first go to the courthouse to file bankruptcy. The negative impact of the bankruptcy on your credit score will lessen over time, meaning a bankruptcy that is only one year old will have a more significant impact than one that happened eight years ago. , P. While Reno business bankruptcy provides many advantages, it can be complex, is very expensive, and incurs many fiduciary responsibilities. Chapters 9, 11, 12, and 15 are. Dec 07, 2023: Docket; Parties (2) Debtor; Debtor. Las Vegas, NV 89101. Home; Creditors. There is a fee but you can apply for a waiver if needed. The short explanation below and our handy Chapter 7 versus 13 chart will help clarify things. Skip to navigation. As far as personal bankruptcies go, Chapter 7 is the fastest. This is a voluntary filing; it was assigned the bankruptcy case number #19-04150. Chapter 11 Bankruptcy Lawyers | Reno Office. Trustee and the District of Nevada Bankruptcy Trustees. Call (816) 912-0626 Message Website. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt BankruptcyU. Bankruptcies are divided into types, also called Chapters. Estes Law, P. It's quick, taking only a few months to complete. repossession deficiency balances. GUARDIAN FUND, LLC filed a 11 chapter bankruptcy in the District of Nevada bankruptcy court on April 11, 2023. Updated:. Call Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. Chapter 7 and Chapter 13 are personal bankruptcies that serve individuals who have a lot of medical, credit card, or other consumer debt. With a population of 255601, I’d. Chad Johnson. P. $2,800 for tools of the trade. 10%. Business bankruptcy. It can cost $400-$3,000 to file for bankruptcy, especially if you hire a bankruptcy lawyer. Search profiles, find top attorneys and free general information, compare lawyers, law firms on Lawyer Legion. Chapter 7 bankruptcy helps qualified debtors discharge unsecured debts, while chapter 13 bankruptcy provides a more manageable way for clients to repay. Bankruptcy is a common debt relief choice. or Tricia M. 3 The U. Shmucher has assisted hundreds of. Bankruptcy Code. Thomas M. Free Bankruptcy Means Test Calculator for your State and County. 871 Coronado Center Drive, Henderson, NV 89052. Important Notices. There are two types of bankruptcy: Chapter 7—the most common—and Chapter 13. Under this type of bankruptcy, you'll be required to allow a federal court trustee to supervise the sale of any assets that aren't exempt (cars, work-related tools and basic household furnishings may. 5. Pham and Stevenson have offices throughout the Bay Area. A case can be dismissed if the filer doesn’t make all Chapter 13 plan payments, or fails to send their tax returns to the trustee every year. . Bankruptcy under Chapter 13. If you are considering filing bankruptcy, the most important first step is to become educated about the process. Bankruptcy, Appeals, Business and Environmental. Bankruptcy, Estate Planning, Family and Tax. 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). Michael W. You don't pay anything to creditors. 4. Free Consultation. The other bankruptcy option, Chapter 13, lasts three or five years. Find a local Reno, Nevada Bankruptcy Chapter 7 attorney near you. we assist people and businesses through the bankruptcy process. Get Started For As Low As $500 to $1,500 Affordable Payment Plans Available 10+ Years Serving Over 1 Million. Written by Mark P. " Chapter 7 Bankruptcy in El Reno. For over a decade, David C. 49 years. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7. Of course, if a Chapter 7, Chapter 11, or Chapter 13 is your best solution, we can help you there as well. If you qualify, Chapter 7 bankruptcy can help you eliminate most or all of your debt in a matter of months. Chapter 13 Bankruptcy. Total. 4557. 876. The government now supports borrowers’ use of bankruptcy to eliminate student debt when they meet certain economic hardship conditions. Chapter 7 is known as “straight” bankruptcy” or “liquidation. CONTACT INFORMATION Phone:775-786-1615 Fax: 775-322-7288. We were actually able to get an accurate estimate for how much the. Chapter 11 Bankruptcy Lawyers | Reno Office. Most people file either Chapter 7 or Chapter 13, and you're not alone if you don't know how the two differ. From filing to discharge (wiping out debts), Chapter 7 bankruptcy cases typically take 4-6 months. 401 Ryland St Ste 200A Reno, NV 89502-1643 Represented By. Compare the best Chapter 7 Bankruptcy lawyers near Reno, NV today. , P. Law Firms Lawyers. Even if you can’t afford to hire a bankruptcy attorney,. C. Bankruptcy Forms. The main cons to Chapter 7 bankruptcy are that most. He is adept at every facet of the bankruptcy restructuring process including expertise in loan workouts, debtor in possession in financing, Chapter 11 plan structures and negotiations, asset acquisitions and dispositions. Although filing for bankruptcy can be a challenging and complicated process, it. Chapter 11; Reno Chapter 7 bankruptcy. Liquidation under Chapter 7 is a common form of bankruptcy. Chapters 9, 11, 12, and 15 are. Filing for Chapter 7 in Rhode Island. These claims are. BANKRUPTCY. If the business cannot pay this upfront, then it can be made in four installments within 120 days of the filing (or 180 days if the court agrees to extend the deadline). This is the simplest and fastest form of bankruptcy. ROAM MAUI LLC. Get Started For As Low As $500 to $1,500 Affordable Payment Plans Available 10+ Years Serving Over 1 Million. Meadows Parkway, Suite 800, Reno, NV 89521. The U. A Chapter 7 bankruptcy will remain on your credit reports and affect your credit scores for 10 years from the filing date; a Chapter 13 bankruptcy will affect your credit reports and scores for seven years. The means test has two main steps, but if you "pass" the first step, you don't have to do. Call 775-348-4600 to schedule a risk-free consultation. Call Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. Reno C. You don't pay anything to creditors. 2 days ago · Summary of Pettine v. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. (2 min) WeWork, once a venture-capital darling, has filed for chapter 11 bankruptcy. Bankruptcy Court Nevada District (the "Bankruptcy Court") Reno. Fremont, CA Bankruptcy Attorney with 17 years of experience. Chapter 7 bankruptcy is a legal process that allows a person to discharge all of their unsecured debt. The bankruptcy petition for GUARDIAN FUND, LLC showed assets in the range of $10MM - $50MM with liabilities in the range of $50MM - $100MM. Get Chapter 7 or Chapter 13 bankruptcy filings and the support you need from our trusted team. 77. Attorney Kevin J. Print your completed bankruptcy forms 6. Failure to timely file the appropriate schedules may result in dismissal of the bankruptcy and the barring of the debtor from filing again for 180 days (six months). Bankruptcy Forms. A. Serving San Jose, CA (Santa Clara, CA) Choose Michael W. Chapter 7 and Chapter 13 are personal bankruptcies that serve individuals who have a lot of medical, credit card, or other consumer debt. Carson City, NV 89701. Chapter 7 bankruptcy is a type of bankruptcy filing commonly referred to as liquidation because it involves selling the debtor’s assets in bankruptcy. Clifton Young Federal Building and U. A trustee is appointed to liquidate (sell) the company's assets, the proceeds are. Phone: (702) 527-7000. 200 S Virginia St FL 8 Reno, NV 89501. Harris Bankruptcy Attorney, Reno Sparks Bankruptcy Attorney, Action Legal Services, Bittner. It is available to individuals who cannot make regular, monthly, payments toward their debts. You must be current on tax filings. See our related articles on chapter 11 bankruptcy in Nevada and commercial. Keep Your Other Credit Accounts in Good Standing. Find the debt relief you need with the best debt settlement. Find trusted legal representation by reading our detailed profiles, peer endorsements, and client reviews. Patricia Joan Johnson. Effective June 30th, 2020 we have closed our Reno, NV office. com. Find Bankruptcy Chapter 7 Lawyers in Reno, NV with U. Darby ›. When a business files a Chapter 7 bankruptcy, it is. top of page. To qualify for Chapter 7, your income must be below the state’s median income. pdf:Find Nevada attorney Nicholus Palmer in their Reno or Reno office. S. Click here to see related practice areas and towns nearby as well as additional resources. Contact Now. People appreciate the simplicity of Chapter 7 bankruptcy, the cost of the Chapter 7 bankruptcy, and the speed of debt relief. 1. Use our free directory to instantly connect with verified Chapter 7 Business Bankruptcy attorneys. The credit counseling organization will. Harris Bankruptcy Attorney, Reno Zero Down Bankruptcy Lawyers, Bittner & Widdis Law, Alison J Colvin, Law. 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. S. In a Nutshell. 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. 2 days ago · Summary of Pettine v. 996. 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 can surrender the vehicle, which relieves you of the responsibility from the auto loan after bankruptcy. If your income is less than 150% of the poverty guidelines in Michigan, you can request a waiver of the filing fee (see the table for Michigan Fee Waiver Eligibility below). Working for debtors, its services center on chapter 7 and chapter 13 bankruptcy cases, with attorneys that advocate for clients by advancing their interests in dispute resolution and litigation related to insolvency. With Chapter 7 bankruptcy, your personal debt, outside of student loans, recent income tax debt, or past-due child support can be. We have experience with Chapters 7, 11, 12, and 13 of the U. There are two primary types of bankruptcy: Chapter 7 and Chapter 13. 00. showed assets in the range of $100,001-$1,000,000 with liabilities in the. Tisevich helps clients make informed decisions in bankruptcy as a path toward a better financial. Chapter 7 bankruptcy is a liquidation where the trustee collects all of your assets and sells any assets which are not exempt. Studies show that in 96% of cases, people who file for Chapter 7 get to keep all their property. RENO, NV 89509 Phone: 775-784-5335 Fax: 775-784-5531. Bankruptcy and Personal Injury. If you qualify, your debts are discharged, which means they go away. However, because of the national law preventing bankruptcy abuse, this automatic stay might be short. You can surrender the vehicle, which relieves you of the responsibility from the auto loan after bankruptcy. The cost of bankruptcy includes paying court fees, and fees for a lawyer. (775) 324-1011 phone.