Las Vegas Chapter 7 Bankruptcy Attorney
You may retain your home and vehicles in a Bankruptcy, however, if such property is subject to financing, then you must continue to make the payments and may be required to reaffirm the debt on the vehicle. The Law Office of Rodney K. Okano will guide you through the entire process.
Chapter 7 Bankruptcy and Consumer Debt in Clark County, Nevada
Filing for Chapter 7 Bankruptcy in the State of Nevada allows for generous protection of property. Residents of the State of Nevada (2 years or more) are permitted to keep up to $550,000 in equity in their personal residence (dependent on the length of ownership and other qualifications).
Las Vegas, Nevada Residents may also protect one vehicle up to $15,000 in equity. A married couple may protect two vehicles, up to $15,000 each or $30,000 on one vehicle.
People who file for a Chapter 7 in Las Vegas, Nevada may also protect their 401(k) retirement accounts and most protect all of their household furnishings.