Frequently asked Bankruptcy Questions
How much do you charge for bankruptcy?
|Bankruptcy Type||Attorney Fee*||Court Fee||Total Price|
|Under Median Chapter 7||$864||$335||$1,199|
|Over Median Chapter 7||$1,264||$335||$1,599|
|Corporate Chapter 7||$1,664||$335||$1,999|
Will I get the same service at your law firm as other law firms that charge twice as much?
We do hear this question occasionally and understand where our clients are coming from and why they ask this question.
First, as of the writing of this post, we currently do no TV, Radio, Phone-book, or Billboard advertising whereas our two main competitors are pervasive with expensive and persistent TV ads, billboards, radio commercials, and full-page phone book ads everywhere you look. It wouldn’t surprise us if their advertising costs exceed their payroll costs.
In other words, in order for them to earn the same profits as us, they have to charge much more.
Will I lose my house, car, furniture, or other belongings?
In Nevada, you may exempt $15,000 for a car; $12,000 for clothes, household furniture and goods; $5,000 for a wedding ring or other jewelry; $10,000 for work tools, machinery or inventory of a sole proprietorship, $1,000 “wildcard” for anything you choose, $550,000 for a house; $500,000 for a qualified retirement account. In Nevada even some types of stocks are exempt, as well as life insurance proceeds.
So in summary, most often a person who files bankruptcy will lose nothing, unless they have valuable assets that are not exempt. If you are concerned about a particular asset you have, please come in for a consultation.
How long will it take for my credit to recover?
Because credit recovery goes hand-in-hand with bankruptcy, we’ve discovered 7 steps that will lead to the fastest credit score recovery after bankruptcy. If you take these steps immediately to start rebuilding your credit score after a bankruptcy, you can transform your credit score within 12 to 24 months after your bankruptcy has been discharged. However, you must take these 7 steps. Too many people decide to wipe their hands clean of credit. As time passes, instead of having poor credit, they end up with no credit. Unfortunately, no credit is just as useless as poor credit.
In our opinion the best credit education program to follow is 720 Credit Score. We purchase this program in bulk and offer it to all of our clients. After testing the program, we’ve found without exception that this credit program (7 Steps to a 720 Credit Score) will bring you back to a good or excellent credit score within 2 years after the bankruptcy.