Nevada bankruptcy law education and training will teach you how to resolve your clients’ debts by dividing their assets among their creditors. This allows each creditor to achieve some measure of equality under the law. A filing under Chapter 7 is called liquidation and involves the sale of the debtor's non-exempt property. A bankruptcy proceeding under Chapters 11, 12 or 13 allows the debtor to use future earnings to pay off creditors.

The qualifications needed to represent a client with a bankruptcy in Nevada are determined at the state level and will be affected by the specific type of bankruptcy that the client requires. There are three general phases in obtaining an education in bankruptcy law:

1. Formal education. An attorney who handles a business bankruptcy in Nevada will need at least a Juris Doctor (J.D.) degree from an accredited law school in Nevada. An advanced degree such as a Masters of Law (L.L.M) will further help distinguish you from your colleagues.
2. Membership in professional organizations. Practicing attorneys will want a membership in one of the associations dedicated to bankruptcy law in Nevada.
3. Legal specialization. Bankruptcy attorneys in Nevada can become designated specialists in bankruptcy law by meeting the state's requirements.
   

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Attend a law school that specializes in educating Nevada bankruptcy lawyers

There are a variety of universities in Nevada that provide a concentration in bankruptcy law. These schools are equipped to offer a solid education on the current bankruptcy laws in Nevada.

I recommend: The William S. Boyd School of Law at the University of Nevada, Las Vegas has an externship program that allows law students to work in a U.S. Bankruptcy Court under the supervision of a judge. Concord Law School is an accredited college that offers a J.D. degree entirely online, which is ideal for busy bankruptcy law students in Nevada.

Find professional forums for Nevada bankruptcy attorneys

Professional online forums can provide a daily educational opportunity for bankruptcy attorneys in Nevada. These include information on recent changes in bankruptcy law and advice on building a practice.

I recommend: LaborLawTalk.com offers a forum dedicated to discussions on bankruptcy law in Nevada. NevadaBankruptcy provides resources on bankruptcy, including a FAQ on Nevada bankruptcy laws.

Obtain a specialization in bankruptcy laws in Nevada

Nevada allows attorneys who practice certain areas of the law, such as bankruptcy, to be certified as specialists. A bankruptcy attorney in Nevada will need to know Nevada's specific requirements for a specialization in bankruptcy.

I recommend: The State Bar of Nevada provides FAQs for specializing in several areas of law, including bankruptcy. The bar also provides audio courses on Nevada bankruptcy law to meet continuing legal education requirements .The American Bar Association summarizes the legal certification programs in Nevada, including bankruptcy law.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Attorneys also will want to join professional organizations that are dedicated to the practice of Nevada bankruptcy laws. These associations provide a number of resources essential for the practicing bankruptcy attorney, including contact information for important courts, assistance with Continuing Legal Education (CLE) requirements and links to bankruptcy laws.

Prior to filing bankruptcy in Nevada, it is imperative that business owners and other Nevada residents learn about bankruptcy laws in Nevada. To do this, Nevada residents should take advantage of the many Nevada bankruptcy sources available to them. People interested in bankruptcy in the state of Nevada must familiarize themselves with Nevada bankruptcy laws and procedures before proceeding to file bankruptcy.

Business owners and individuals in Nevada interested in filing bankruptcy should attempt to learn as much about bankruptcy law in Nevada as they can. In doing so, they should be sure to:

1. Learn about Nevada bankruptcy law.

2. Stay up to date with changes in bankruptcy laws in Nevada.

3. Consider retaining a Nevada bankruptcy attorney.

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Obtain information about bankruptcy law in Nevada

Nevada residents who need to learn about bankruptcy law in their state can start by using the many online resources available to them. The state government of Nevada provides interested parties with information about bankruptcy laws in Nevada, and other websites can provide additional Nevada bankruptcy information.

I recommend: View Nevada bankruptcy information, including bankruptcy exemptions and bankruptcy statistics, from Bankruptcy Information. Find information about Nevada bankruptcy laws from the Nevada Law Library.

Find up-to-date Nevada bankruptcy law publications and information

Keeping up to date with bankruptcy laws in Nevada is imperative to those interested in filing bankruptcy in Nevada. View the current state of Nevada bankruptcy rules and laws.

I recommend: Review up-to-date Nevada bankruptcy rules and obtain official bankruptcy tax forms from the District of Nevada Bankruptcy Court. Search the Law Library Catalog from the University of Nevada at Las Vegas' Wiener-Rogers Law Library for current publications on Nevada bankruptcy law.

Find Nevada bankruptcy lawyers to aid you with bankruptcy related matters

Nevada bankruptcy attorneys and Nevada bankruptcy law firms can assist Nevada business owners with filing bankruptcy or with learning about bankruptcy in the state of Nevada. Many of these Nevada bankruptcy lawyers offer free consultations and initial meetings to prospective legal clients as well.

I recommend: Contact the Las Vegas, Nevada based Deaner, Deaner, Scann, Malan & Larsen for bankruptcy representation. Attorney James E. Smith can also assist you with bankruptcy representation and advice in the Las Vegas area. Look to the Nevada bankruptcy lawyers at White Law Chartered for bankruptcy representation in Reno, Nevada and the surrounding area.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  View Title 11 of the United States Code for information on bankruptcy law in the United States in general, including Nevada bankruptcy law.
• •  Review the information about the different types of bankruptcies, including Chapters 7, 11 and 13, on the website of the Nevada Bankruptcy Court. Here you can view specific information on the various bankruptcy laws in Nevada.

In a struggling economy, many individuals and business have to explore many possibilities for getting out of debt. One not so popular, but sometimes necessary, option is to file for bankruptcy. Whether this is a consideration for you, or you receive notice that someone owing you money will file, it's important to understand what that will mean for you and your business. Keep the following key terms in mind as you consider moving forward with Nevada bankruptcy proceedings.

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Chapter 7

Chapter 7 Bankruptcy is also known as the 'liquidation' form of bankruptcy. Basically, under Chapter 7, the trustee sells your nonexempt property and distributes the proceeds to your creditors for repayment of the debt (based upon the percentage of your overall debt that creditor holds).

I recommend: Visit the Law Offices of Stefanie Clemen for an explanation of Chapter 7 in layman's terms. More details are also available under the Chapter 7 page of the United States Bankruptcy Court District of Nevada website.

Chapter 13

A Chapter 13 bankruptcy is a reallocation of debts for individuals that maintain a steady income. The debtor may keep property and must stick with a repayment plan that has the agreed upon debts paid within three-to-five years.

I recommend: Bankruptcy Helpers provides a simple explanation of Chapter 13 Bankruptcy, or you can visit the U.S. Bankruptcy Court District of Nevada Chapter 13 page.

Trustee

A bankruptcy trustee, appointed by the U.S. Trustee Program, is responsible for assessing the debts someone filing bankruptcy owes, and, depending on the type of bankruptcy filed, structures and oversees the sale of property and repayment of debts. The trustee is also responsible for protecting the debtor from unnecessary costs.

I recommend: The Trustee page on the District of Nevada website lists available Nevada bankruptcy trustees. Learn more about the roles of a bankruptcy trustee from Filing for Bankruptcy Online or Idearc Media's Superpages super tips.

CM/ECF

CM/ECF stands for Case Management / Electronic Case Filing service. This is the filing service established by the federal government so that anyone with an Internet connection can file documents online for a bankruptcy case.

I recommend: Learn more about the Nevada District Court CM/ECF.

NVB-PACER

NVB-PACER stands for Nevada Bankruptcy - Public Access to Court Electronic Records. Anyone with a logon and password (you must have approval) can pay a per-page fee to access Nevada Bankruptcy Court records.

I recommend: More information is available on the Nevada District Court PACER page.

Discharge

The discharge of a debt in bankruptcy means the bankruptcy court releases the debtor from liability for payment of that particular debt. In a Chapter 7 bankruptcy, discharge typically occurs 60 days after the complaint deadline for creditors and trustees. Discharge is usually four years after the filing date in Chapter 12 or 13 bankruptcies.

I recommend: Learn more about Discharge in Bankruptcy from the U.S. Bankruptcy Court District of Nevada.