Secured Debt Shall For A 6th Grader In Nevada
Description
Form popularity
FAQ
Both secured and unsecured debt can be discharged in Chapter 13 bankruptcies, but non-dischargeable unsecured debts cannot be discharged in California.
Types of debt that cannot be discharged in bankruptcy include alimony, child support, and certain unpaid taxes.
Its expiration means that there are again two separate limits for chapter 13 cases. Now, to file a chapter 13 bankruptcy case, a debtor must have no more than $465,275 in unsecured debt, and no more than $1,395,875 in secured debt (again, counting only noncontingent, liquidated debt in each instance).
Secured debt is backed by collateral, such as a house in the case of a mortgage, reducing the lender's risk. Unsecured debt, like most credit card debt, does not have collateral and often carries higher interest rates.
There are as such no specific rules in the State of Nevada governing fixed interest rates under Nevada Statutes.
An interest rate that exceeds the legal rate of interest is classified as usury. There are usually stiff penalties for usury in most states, such as fines or even the forfeiture of principal and/or interest.
Nevada Plan funding for school districts and charter schools consists of state support received through the DSA and locally collected revenues from the LSST, and one-third of the proceeds from the 75-cent property tax imposed pursuant to NRS 387.195.
Examples of unsecured debt include credit cards, medical bills, utility bills, and other instances in which credit was given without any collateral requirement.
Consumers should be aware that Nevada allows parties to contract for any interest rate, ands sets the default at the prime rate of the state's largest bank, plus 2%.
