Price Law Group is a licensed bankruptcy firm that has experienced bankruptcy attorneys located in Reno Nevada that can assist residents of the state looking to file for Chapter 7 or Chapter 13 bankruptcy. When you are living paycheck to paycheck, struggling to pay your mounting debt, bankruptcy can be the right answer for your situation. Work with our experienced Reno Nevada bankruptcy attorneys today to find out which bankruptcy you are eligible for, call 866-210-1722.
In Chapter 7 bankruptcy, you will be able to get immediate relief on your unsecured debts from creditors and wipe away most of this debt, however, you must qualify for Chapter 7. The main qualification for Chapter 7 bankruptcy in Reno Nevada is that you must make less than the median income in your specific area. If you make less than the median income, you qualify, if you make equal to the median income or more, there are still ways to qualify for Chapter 7 bankruptcy.
In Chapter 13 bankruptcy, you are still able to wipe away many of your outstanding debts, but you will be placed on a repayment plan that spans 3 to 5 years with the majority of your disposable income going towards repaying these debts less any monies set aside for mandatory living expenses.
Declaring bankruptcy is a serious decision and your financial situation is already stressful as it is. Let our expert bankruptcy attorneys work with you one on one to discuss how entering bankruptcy will affect your situation and help determine if Chapter 7 or Chapter 13 is right for you. Speak with Price Law Group today by calling or Reno Nevada bankruptcy attorneys at 866-210-1722.
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