The ABCs of Chapter 7: Your Attorney’s Filing Guide

The ABCs of Chapter 7: Your Attorney's Filing Guide

How does bankruptcy Chapter 7 work? This type of bankruptcy, commonly referred to as a liquidation or straight bankruptcy, involves the discharge of unsecured debts, giving individuals a fresh financial start. Understanding the filing process, eligibility criteria, and potential outcomes is crucial. This guide serves as an essential resource for individuals considering Chapter 7 bankruptcy, […]

What Happens After Filing For Chapter 7 Bankruptcy?

Unlock the emotional relief and financial transformation that occurs after filing for Chapter 7 bankruptcy. What happens after filing Chapter 7 is your gateway.

Filing for Chapter 7 bankruptcy isn’t just a legal process; it’s a profound transformation that extends far beyond the balance sheets. So, what happens after filing Chapter 7? Here’s a heartfelt exploration of the benefits and emotional relief that accompany life after the filing. Life After Chapter 7 Bankruptcy: A Fresh Start and Emotional Relief […]

10 Benefits Of Chapter 7 Bankruptcy In Las Vegas

10 Benefits Of Chapter 7 Bankruptcy In Las Vegas

Chapter 7 bankruptcy is a legal process that gives individuals and businesses a fresh start by discharging their eligible debts. If you’re facing financial difficulties in Las Vegas, understanding the benefits of Chapter 7 bankruptcy can be crucial. In this article, we’ll delve into ten significant advantages of filing for Chapter 7 bankruptcy in Las […]

What is a 341 Hearing in Nevada?

341 Hearing in Nevada Freedom Law

When you file for Chapter 7 or Chapter 13 bankruptcy, your attendance is mandatory in a 341 hearing as stipulated in Section 341 of the Bankruptcy Code.  It should be clear that this is not a court hearing but a meeting between you and your creditors, run by your bankruptcy trustee.   What Happens During the 341 […]

Bankruptcy in Nevada: compare chapter 7 and 13 bankruptcy.

If your personal financial position becomes too difficult to manage and you accumulate more debt than you can possibly pay off, you may want to start looking into consulting with Chapter 7 and Chapter 13 bankruptcy lawyers in Nevada. Bankruptcy presents one of the most efficient strategies to get out of debt. The majority of […]

Chapter 7 Bankruptcy in Nevada

Chapter 7 bankruptcy Chapter 7, also known as the ‘liquidation chapter,’ is utilized by individuals, partnerships, or businesses that have little possibility of improving their financial status. In Chapter 7, the debtor’s estate is liquidated under the rules of the Bankruptcy Code. Liquidation is the process through which the debtor’s nonexempt property is sold for […]

Advantages & Disadvantages of Chapter 7 Bankruptcy Freedom Law Firm

Chapter 7 bankruptcy Chapter 7 bankruptcy is a liquidation where the trustee collects all of your assets and sells any assets which are not exempt. The trustee sells the assets and pays you, the debtor, any amount exempted. (source; Upsides of Filing Chapter 7 bankruptcy Individuals are protected from creditors as soon as the […]

What Is The Difference Between The Chapter 7, 11, and 13 Bankruptcies?

chapter 7, 11, and 13 bankruptcies

What is chapter 7:   In a chapter 7 bankruptcy, the bankruptcy trustee collects and sells the debtor’s nonexempt assets to repay creditors. An individual, a partnership. corporation, or another business entity may qualify for chapter 7. A chapter 7 case begins with the debtor filing a petition with the bankruptcy court. In addition to […]

What is the income limit for Chapter 7 in Nevada?

median income Chapter 7 Nevada

The current median income in the State of Nevada. In Part 2 of Bankruptcy Form 122A-1 and Part 2 of Bankruptcy Form 122C-1, debtors are directed to fill in the median income for their state and size of household.  In order to determine eligibility for Chapter 7, Nevada uses a “means test.” The means test […]

Should I Tell Creditors That I Plan to File for Bankruptcy in Las Vegas?


Having an overwhelming debt, an account going into collections, or having a lawsuit filed against you can be stressful.  Our Las Vegas bankruptcy and consumer protection attorneys at Freedom Law Firm are here to help. Over the past twenty years, we have helped thousands of people get out of debt.  When deciding whether to tell […]