Thursday, May 1, 2014
In a chapter 7 bankruptcy attorney las vegas you are able to eliminate the majority of your debts. However, you have to liquidate (Sell) a certain amount of personal property to pay off your creditors. You should not worry though because filing a Chapter 7, as a consumer, will not leave you destitute as federal bankruptcy laws allow you to keep certain items. These items you keep are known as bankruptcy exemptions. These bankruptcy exemptions vary from state to state. Also, in Nevada, the bankruptcy exemptions allow a consumer to keep a personal and/or professional library.