Chapter 7 Bankruptcy – A Quick Review
[vc_row content_placement=”middle”][vc_column offset=”vc_col-md-11 vc_col-xs-12″][vc_column_text] What is Chapter 7 Bankruptcy? Chapter 7 is the most common form of bankruptcy, where debtors can discharge almost all their debt while protecting important assets. Chapter 7 can only be used if your income is below a certain threshold, or, if pass the “means test.” Eligibility is calculated on your […]
Black & LoBello on AM720 KDWN
Listen to the Legal Hour on AM720 KDWN from August 6th, 2014 in which Michael Li, Esq., discusses changes in bankruptcy laws in Nevada (2:30)(, eligibility for bankruptcy (5:00), fraud and bankruptcy (9:10), income exclusions in bankruptcy (14:30), underwater mortgages (17:30), short sales (19:45), chapter 7 vs. chapter 13 bankruptcy (23:45), bankruptcy exemptions (25:45), cars in bankruptcy (27:00), declaring a mortgage […]