Chapter 7 Bankruptcy in Las Vegas
Eliminate Your Debt and Start Fresh — Fast, Affordable, and Compassionate Legal Help
Or Call Us Now: 702-605-5070
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy — often called “liquidation bankruptcy” — is a federal legal process that allows individuals to permanently eliminate most unsecured debt within just 4 to 6 months.
When you file Chapter 7, an automatic stay immediately goes into effect. This federal court order stops all creditor collection activities instantly — including phone calls, letters, lawsuits, wage garnishments, and bank levies.
At the end of the process, qualifying debts are discharged — meaning you are legally released from the obligation to pay them. For most people, Chapter 7 is the fastest and most complete path to a true financial fresh start.
Is Chapter 7 Right for You?
Chapter 7 may be the right solution if you are experiencing any of the following:
Overwhelming Unsecured Debt
Credit cards, medical bills, personal loans, payday loans, or utility bills you cannot afford to pay.
Creditor Harassment
Non-stop collection calls, threatening letters, or lawsuits from creditors that are disrupting your life.
Wage Garnishment
Creditors are taking money directly from your paycheck, making it impossible to cover basic living expenses.
No Assets at Risk
You don’t own significant non-exempt property. Most Nevada residents keep everything they own when filing Chapter 7.
What Debts Does Chapter 7 Eliminate?
Chapter 7 can discharge (permanently eliminate) many types of unsecured debt, including:
- ✅ Credit card debt — even large balances
- ✅ Medical and hospital bills
- ✅ Personal loans and payday loans
- ✅ Utility bill arrears
- ✅ Repossession deficiency balances
- ✅ Most older income tax debt
- ✅ Business debts and lease obligations
- ✅ Collection agency accounts
Note: Some debts cannot be discharged in bankruptcy, including most student loans, child support, alimony, and recent tax debts. We’ll review all of your debts to determine exactly what qualifies.
The Chapter 7 Process: What to Expect
Most Chapter 7 cases are complete in 4–6 months. Here's how the process works:
Day 1
Free Consultation
We review your debts, income, and assets. We determine if you qualify and explain exactly what to expect. No judgment, no pressure.
Week 1-2
Case Preparation
We handle all the paperwork for you. We obtain your credit report and prepare a complete, accurate bankruptcy petition.
Day of Filing
Case Filed
Your case is filed with the federal court. The automatic stay goes into effect immediately — creditors must stop all collection activity.
4–6 Months
Debt Discharged
After your 341 meeting with the trustee (a brief, informal hearing), your qualifying debts are permanently discharged. Fresh start achieved.
Will You Lose Everything?
No. Nevada's Exemption Laws Protect What's Yours.
The vast majority of Chapter 7 filers in Nevada keep all of their property. Nevada has some of the most generous bankruptcy exemptions in the country, protecting:
- 🏠 Home equity up to $605,000 (homestead exemption)
- 🚗 Vehicle equity up to $15,000
- 💼 Retirement accounts (401k, IRA) — fully protected
- 🛋️ Household furniture and appliances up to $12,000
- 👔 Clothing up to $2,000
- 🏥 Health aids — fully protected
- 💰 Public benefits — Social Security, unemployment, and more
Exemption amounts are subject to periodic adjustment. Contact us for current figures specific to your situation.
Why Nevada Residents Choose the Riggs Law Firm
When experience matters, you call the Riggs Law Firm. Attorney Dan Riggs spent more than a decade representing a Chapter 13 Bankruptcy Trustee in Nevada — giving him insider knowledge that most bankruptcy attorneys simply do not have.
No piles of forms for you to fill out. We handle everything from start to finish.
We get your report so you don’t have to — and identify every debt to be discharged.
We work around your schedule with flexible consultation options.
We work with you on payment plans so cost is never a barrier to getting help.
We help you rebuild your credit after bankruptcy so you achieve lasting financial freedom.
Dan Riggs — Las Vegas Bankruptcy Attorney
Frequently Asked Questions About Chapter 7
How long does Chapter 7 bankruptcy take in Nevada?
Most Chapter 7 cases in Nevada are completed in 4 to 6 months from the date of filing. The process is straightforward: file the petition, attend a brief 341 meeting of creditors (usually about 10 minutes), and receive your discharge. The Riggs Law Firm handles all preparation so the process is as fast and smooth as possible.
Do I qualify for Chapter 7? What is the means test?
To qualify for Chapter 7, you must pass the “means test” which compares your income to the Nevada median income. If your income is below the median, you automatically qualify. If your income is above the median, a more detailed calculation is performed to determine eligibility. During your free consultation, we’ll determine immediately whether you qualify at no cost or obligation.
Will I lose my home if I file Chapter 7?
Not necessarily. If you’re current on your mortgage and your home equity is within Nevada’s homestead exemption (up to $605,000), you can keep your home in Chapter 7. If you’re behind on mortgage payments and want to save your home, Chapter 13 bankruptcy may be a better option. We’ll help you determine the best path forward.
How much does Chapter 7 bankruptcy cost?
The Riggs Law Firm charges a flat fee of $2,000 for a basic Chapter 7 case, which includes everything — attorney fees, court filing fee, credit report, and document preparation. We offer payment arrangements to make sure cost is never a barrier to getting the relief you deserve.
Will bankruptcy ruin my credit forever?
No. While a Chapter 7 bankruptcy will appear on your credit report for 10 years, most clients begin rebuilding their credit within 12 to 24 months of filing. In many cases, eliminating the debt that was dragging down your score actually leads to a significant improvement in your credit score shortly after discharge. The Riggs Law Firm provides credit repair guidance to help you rebuild quickly.
Can I keep my car in Chapter 7?
Yes, in most cases. Nevada’s exemption protects up to $15,000 in vehicle equity. If your car’s value minus what you owe is within this limit, you can keep it. If you’re current on your car payments, you can typically “reaffirm” the loan and keep making payments as normal. If you owe more than the car is worth, Chapter 7 may even allow you to surrender it and eliminate the debt entirely.
Ready to Eliminate Your Debt and Start Fresh?
Get a FREE consultation with Las Vegas bankruptcy attorney Dan Riggs. No judgment. No pressure. Just honest answers and real solutions.
📞 Or call us now: 702-605-5070
Available Monday–Friday, 8am–5pm | Evening appointments available
Explore Our Other Debt Relief Services
Riggs Law Firm
Usually replies within 1 hour
💬 Have a debt or bankruptcy question? Send us a message and we’ll call you back fast.
📞 Or call now: 702-605-5070