Find a Bankruptcy
Lawyer in Nebraska
Select your County to Be Connected
with a Nebraska Attorney
Nebraska Cities
When your debts become overwhelming, and you can no longer keep your head above water, bankruptcy may be your best option to keep from going underwater with your finances. Bankruptcy can be tough but successfully completing the process will allow you to emerge with a fresh financial slate.
Before you can file for bankruptcy in Nebraska, you must undergo a means test to determine if your meet the criteria to file for
When your debts become overwhelming, and you can no longer keep your head above water, bankruptcy may be your best option to keep from going underwater with your finances. Bankruptcy can be tough but successfully completing the process will allow you to emerge with a fresh financial slate.
Nebraska Means Test
Before you can file for bankruptcy in Nebraska, you must undergo a means test to determine if your meet the criteria to file for Chapter 7 or Chapter 13 bankruptcy for individuals or Chapter 11 for businesses. You are exempted from the means test if your debts are not consumer debts such as credit cards and car loans. Disabled veterans with debts that accumulated while you were on active duty or engage in defense of the U.S. and its citizens.
You will easily pass the means test if your monthly income is below the median income brackets listed below:
You can file for Chapter 7 bankruptcy if your income is less than the amounts listed above for a family of your size.
Filing for Chapter 7 Bankruptcy in Nebraska
Chapter 7 bankruptcy is also referred to liquidation because the filer will have to sell off valuable property to pay their creditors. After your assets are liquidated, the remaining balances owed to creditors may be discharged, and your debts wiped clean.
Items that can be liquidated for Chapter 7 can include:
Submit Your Case Evaluation
Click Here
Find Your Local Lawyer
Click Here