Nebraska Bankruptcy

Bankruptcy offers debtors a fresh start because bankruptcy protects consumers against lawsuit from creditors. The protection starts after you attend the mandatory pre-bankruptcy counseling session and file your case with the Court. Until that time, creditors can still try to collect on your credit card debt. And, you are not protected from Nebraska foreclosure proceedings.

How much does it cost to file for bankruptcy in Nebraska?
It costs $200 to file for bankruptcy under chapter 7 and $185 to file for bankruptcy under chapter 13, whether for one person or a married couple. The court may allow you to pay this filing fee in installments if you cannot pay all at once. If you hire an attorney you will also have to pay attorney's fees.

Avoiding Bankruptcy
Nebraska chapter 7 bankruptcy laws and Nebraska chapter 13 bankruptcy laws have changed the landscape of filing for bankruptcy. It is now more complicated and expensive to file for chapter 7 and chapter 13 bankruptcy. But, there are two aggressive, but effective ways of avoiding bankruptcy: loan modification and debt settlement. A debt settlement involves getting your creditors to agree to take less than what you owe as full payment for the debt. A loan modification involves negotiating with your mortgage lender for rates and terms that allow you to stay in the loan. Lincoln bankruptcy lawyers and other Nebraska bankruptcy attorneys can explain your options to you and help you select the best one for your situation.