Nevada Voluntary Petition - Form 1
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How to fill out Voluntary Petition - Form 1?
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A trustee may not have any right to new income you earned after you file. There are only a few exceptions, including if it is income you were entitled to when you filed making it a part of the estate or if it is income generated from the estate's equipment or other assets.
Nevada LLC Formation Filing Fee: $425 If you file online and pay by credit card, you'll have to pay a 2.5% credit card fee, which works out to $436. Nevada also offers expedited service: 24-hour expedited state processing: $75-$125. 2-hour expedited state processing: $500.
Chapter 13 permits the debtor to file a plan in which the debtor agrees to pay a certain percentage of future income to the Bankruptcy Court for payment to creditors. If the Court approves the plan, the debtor will be under the Court's protection while repaying such debts.
The primary purpose of a Chapter 11 bankruptcy is to give business entities and individuals with large amounts of debt time to reorganize their financial affairs. Chapter 11 reorganizations may be voluntary, filed by the debtor, or involuntary, filed by creditors of a potential debtor.
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.
Once you have filed your case, it depends which kind of bankruptcy you have filed, to determine how long it's going to take to get to the end until you're done. For a Chapter 7 bankruptcy, which is the most common type of bankruptcy, it typically takes about three months.
If you would like to file a Chapter 7 bankruptcy you must pass the Nevada means test. The test only applies to higher income filers which means that if your income is below the Nevada median for your household size you are exempt from the test and may file a Chapter 7.
All bankruptcy courts charge a $338filing fee to file a Chapter 7 bankruptcy. You must pay the fee when you file your bankruptcy forms.