Nebraska Bankruptcy Law (NE)
Legal help with Nebraska laws for consumer debtors facing collection suits
The types of possible objections to Nebraska cases are limited only by the imagination of attorneys representing creditors. Few creditors actually file objections because of the settled nature of the law, yet inexperienced, vindictive, or large creditors thwarted in their collection efforts do tend to file objections in certain cases. The most notorious case dismissals result from careless errors when debtors either represent themselves, or retain an inexperienced lawyer. Qualifying lawyers is fairly easy, and should include questions and quality answers to the most important issues concerning Nebraska residents today.
Nebraska state law determines many property and liability questions, because state laws form the underlying theory of ownership and liability laws applied throughout the state. In a Nebraska bankruptcy case involving significant asset value, statutory exemptions play a vital parole in determining whether assets must be surrendered to the trustee. With the assistance of a talented Nebraska attorney, few residents actually surrender assets. The value of exemptions change regularly in response to the consumer price index, and as a result, although qualification is now more difficult, the value of assets retained is far greater than under previous statutory limits.