"I’m with you through the whole bankruptcy process. I don’t send a different lawyer to your Creditors’ Meeting at the last minute. I’ll be right there next to you" - James E. Smith
This course might be waived for military personnel, disabled and incompetent people
EXEMPTIONS: In a Nevada Chapter 7 Bankruptcy, you also get to keep the following exempt property:
I have been a bankruptcy attorney in Las Vegas for the past 20+ years. When you come to me, you won’t get shuffled from lawyer to lawyer and find yourself at bankruptcy court for your creditors’ meeting on your own. I show up for you.
IN A FREE TEN-MINUTE CONSULTATION, WE CAN DETERMINE TOGETHER IF I CAN HELP YOU WITH YOUR LEGAL ISSUE
1) Repay debt over a 3 to 5 year period of time
2) Not have enough current income to cover all monthly obligations.
3) Provide the Nevada Bankruptcy Court with a “Statement of Financial Affairs.”
4) Provide the Nevada Bankruptcy Court with a “Statement of Current Monthly Income” (means test).
5) Provide the Nevada Bankruptcy Court with copies of all payment advices (pay stubs) or other evidence of payment or income received by the debtor from an employer within 60 days before filing a Nevada Chapter 13 Bankruptcy.
6) Provide the Nevada Bankruptcy Court with a Chapter 13 plan which includes:
method of payment (payroll deduction) plan arrangement percentage to unsecured creditors
7) The Trustee wants you to provide 4 years of income tax returns, 6 months of income for wages, unemployment, or self-employment, and 6 months of checking and savings account information and a copy of your driver’s license and social security card.
Filing a Chapter 13 bankruptcy is advantageous to individuals who own a considerable amount of non-exempt property. A Nevada Chapter 13 Bankruptcy will be discharged once the agreed-upon payment plan is completed.
This type of bankruptcy is not available to corporations — only Chapter 7 and Chapter 11 filings are available to them..
Required Chapter 13 Counseling:
This course might be waived for military personnel, disabled and incompetent people
NOTE: A Chapter 13 debtor pays back at least some of the creditors over a 3-5 year plan. This is mainly used by people who owe taxes, are behind on mortgage payments, have had their car repossessed or who own a lot of non-exempt property.
Have a question about Chapter 13 Bankruptcy ask James E. Smith
Did you know? Nevada has a mandatory arbitration program for claims under $50,000. This is non-binding arbitration as the Court cannot make people waive their right to a jury trial. You can do a de novo trial if your case goes on an appeal from the arbitrator.
Nevada also has a mediation program that is not as active as its arbitration program. Many contracts, agreements, and insurance policies now have clauses requiring that the parties go to mediation and/or arbitration to settle any dispute rather than just going out and filing a lawsuit.
Besides not having to wait for a trial, you might consider arbitration in a civil case when you wish to preserve the relationship with the other person or business after the case is over.
Mediation and arbitration provide relaxed rules of civil procedure and evidence while allowing discovery, and either a mediation agreement or a decision by the arbitrator. Mediation does not require a trip to the courthouse, and many mediations and arbitration matters can be handled via teleconferencing or other communications equipment.
Get Help Today – James E. Smith Las Vegas Attorney
A Nevada Chapter 11 Bankruptcy is essentially a reorganization plan for corporations who cannot meet their financial obligations temporarily and who need to make payment arrangements with creditors.
1) Provide the Nevada Bankruptcy Court with a list of all creditors
2) A separate list of the creditors holding the 20 largest unsecured claims
3) Provide the Nevada Bankruptcy Court with a Chapter 11 plan which includes:
method of payment (payroll deduction) plan arrangement percentage to unsecured creditors
This type of bankruptcy is mostly filed by businesses, but individuals also may file a Nevada Chapter 11 Bankruptcy. Just call and ask me about it, 702.562.4209.