Individuals or married couples can file for bankruptcy protection under Chapter 7 if they meet the Nevada “means” test, meaning their income is below the state median income. If you qualify, your debts are discharged, which means they go away. You never have to pay back those credit card payments.
Generally, an individual debtor filing for bankruptcy can either file under Chapter 7 or Chapter 13 of the Bankruptcy code. Chapter 7 allows you to eliminate most, if not all, of your unsecured consumer debt. This includes credit card debt, medical bills, past due utility bills, and other unsecured loans.
Individuals or married couples can file for bankruptcy protection under Chapter 7 if they meet the Nevada “means” test, meaning their income is below the state median income. If you qualify, your debts are discharged, which means they go away. You never have to pay back those credit card payments.
Title 11 of the United States Code provides the law for bankruptcy procedures. Nevada state law guarantees your property rights within the bankruptcy process.