Nevada Default is a legal status that occurs when a debtor in Nevada fails to make payments on a debt. This default can happen in a number of different ways, including failure to pay the full amount of a debt, failure to make a payment by a certain date, or failure to keep up with any other repayment terms outlined in a contract. There are two types of Nevada Default: non-judicial and judicial. Non-judicial defaults are those that do not involve a court ruling, and are typically resolved through negotiations between the debtor and creditor. Judicial default occurs when a court order is obtained by a creditor to enforce repayment of the debt. In both cases, the default can result in severe consequences for the debtor, such as wage garnishment, the seizure of assets, or other forms of debt collection.