McCook, NE Bankruptcy Attorneys

logoBert E. Blackwell, 308-345-4357
Toll-Free: 1-800-491-9783

311 East 1st, P. O. Box 426, McCook, NE 69001 USA

Nebraska Bankruptcy Information

Our website is a good source of information for people in Nebraska who are considering filing bankruptcy. By browsing our website you can learn about the Nebraska bankruptcy exemptions (the property you can keep), Nebraska chapter 7 and NE chapter 13.

Nebraska chapter 7 is a liquidation bankruptcy. Debtors who file chapter 7 will have little assets and property because debtors filing under chapter 7 will have to turn over any of their assets that are not protected by the bankruptcy exemptions in Nebraska. The vast majority of the people who file chapter 7 have no assets that are not protected so many people filing chapter 7 get a fresh financial start without losing any property. Chapter 7 provides an elimination of your debts within as little as four months.

NE chapter 13 is a reorganization bankruptcy. A chapter 13 bankruptcy allows a person to pay off a portion of their debts over a period of three to five years. Debtors filing chapter 13 must propose a debt repayment plan to their creditors, and the bankruptcy lawyer can help you formulate a repayment plan that the creditors will accept. Debtors who file chapter 13 have additional income and more assets than debtors filing chapter 7. If a debtor is not eligible to file chapter 7 (because they failed the means test) they may file bankruptcy through chapter 13.

The bankruptcy lawyer can answer your questions and explain the difference between chapter 7 and chapter 13.

Schedule your free bankruptcy consultation with a Nebraska bankruptcy trustee by filling out our case evaluation form today. on Google+