Call Us:   775-786-7600            
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Stephen R. Harris

Attorney and Counselor at Law
Northern Nevada Bankruptcy Attorney for over 35 years
Free initial consultation to discuss your bankruptcy options.

AVVO Rating
Stephen R. Harris, Esq.
Bankruptcy Attorney
6151 Lakeside Drive
Suite 2100
Reno, NV 89511
775-786-7600
or
775-690-9120

Nevada Bar #001463
Chapter 13 Wage Earner Overview

Only for Individuals

  • 355k unsecured maximum
  • $1,010,000 secured debt maximum
  • 60 month payout maximum
  • Get to keep non-exempt assets, unless you are buying them over 5 years
  • Buy assets out of income
  • Disposable income goes to trustee to buy assets
  • Admin secured 1st, pre petition arrears 2nd, taxes unsecured 3rd
  • Tax returns must be submitted to Trustee annually so payments can be adjusted
  • Plan can be modified to cash out plan and discharged remaining unsecured
  • Can lien strip 2nd if no equity
  • If above median income, but negative disposable income debtor can propose payment
    schedule of creditors in less than 5 year period. (Kagenveama)
  • Means testing uses National and Local standards, some actual like dependent care, life insurance
AVVO Rating
Stephen R. Harris, Esq.
Bankruptcy Attorney
6151 Lakeside Drive
Suite 2100
Reno, NV 89511
775-786-7600
or
775-690-9120

Nevada Bar #001463    steve@harrislawreno.com
Means Test Information