Name:
Email address:
Phone number:
Comments:
Contact Us Today
__________________________
Blog
Share |
Bookmark and Share
At Connaghan Newberry, in Las Vegas, Nevada, we represent clients throughout Clark County, including North Las Vegas and Henderson.
Please read our
disclaimer.
"I understand and agree that C & N Law, LLC will have no duty
to keep confidential the information that I am now transmitting
to lawyer or law firm".
Las Vegas, NV 89117
(702) 608-4232
who wish to free themselves of debt simply and inexpensively. Chapter 7 involves the bankruptcy trustee's
gathering and selling of the debtor's nonexempt assets, from which creditors will receive distributions in
accordance with the provisions of the Bankruptcy Code.  

In a Chapter 7 bankruptcy the debtor is permitted to retain certain exempt property. The remaining assets
are liquidated by a trustee. Potential Chapter 7 debtors should realize that the filing of this type of petition
may result in the loss of property.  We will help you retain the most property permitted by law, while
discharging your overwhelming debt.

The following is a list of several of the common exemptions that are available to a debtor in the State of
Nevada, but there are several others you should ask your attorney about if you have any other assets:

  • Household goods and furnishings, and yard equipment not to exceed $12,000.00
  • Homesteads up to $550,000.00 (discuss with your attorney as there are specific rules that must be
    satisfied to claim this amount);
  • One (1) car not to exceed $15,000.00 in value per debtor;
  • Seventy-Five (75%) percent of disposable earnings, i.e., wages and commissions;
  • Tools for the use in a trade not to exceed $10,000 in value;
  • Life insurance, Trusts, and Pension plans (subject to certain limitations and qualifications); and
  • Qualified retirement plans, IRAs, 401k plans, etc. not to exceed $500,000.00

The filing of a petition under Chapter 7 "automatically stays" most actions against the debtor and the
debtor's property. If you are considering Bankruptcy and have received a notice of foreclosure, your time is
limited to utilize protection under the Bankruptcy Code to stop the foreclosure proceedings.  The automatic
stay will stop the creditor's harassing phone calls, and  be the start to your financial recovery. For Chapter 7
Bankruptcy, we charge attorneys fees starting at $1,500 for a single filer and $1,900 for a joint petition, plus
costs such as filing fees, and mailing expenses. The fee will vary based on the complexity of the debt and
assets belonging to the debtor, the actual fee will be determined after the potential client has met with one
of our attorneys.

PURSUANT TO 11 USC SEC. 528 WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE
FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE.
Chapter 7 Bankruptcy
THE ABOVE IS BY NO MEANS A COMPREHENSIVE ANALYSIS OF THE
BANKRUPTCY CODE, NOR IS IT DESIGNED TO REPLACE THE
SERVICES OF ADEQUATE LEGAL COUNSEL.  PLEASE CONTACT US
WITH ANY QUESTIONS YOU MIGHT HAVE REGARDING FILING A
CHAPTER 7 BANKRUPTCY
Connaghan|Newberry
Call (702) 608-4232