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Nevada's Requirements for filing an individual Chapter 7 bankruptcy are simple.
Nevada's Median Income
Your average income for the last six months must be below the median income. This is the means test. If it isn't, your attorney may advise you to wait for a period where your income will fall below the median to qualify and petition.
8 Years
You have to wait 8 years since your last bankruptcy before filing another petition. This rule only applies if there was some adjudication or final order, and not merely a withdrawn petition before any decision on the merits.
Expenses
Your expenses exceed your average gross monthly income. This is to demonstrate to the Trustee that you can no longer afford to pay your obligations and bills with the income you are making and the elimination of the debt will permit you to resume a normal routine without becoming a public charge.
Debts
The debts you listed must be eligible to be discharged. Some debts cannot be discharged and your attorney should be able to point out to you which ones they are. Dischargeable debts generally include credit cards, medical bills, small business loans, and personal loans.
Nevada Filing Fee
You must also pay the Las Vegas filing fee for the Petition. Only in rare cases will this be waived.
Fraud
There must be no indication of fraudulent activity or transfers of your property. Some Las Vegas debtors in a bankruptcy believe they can hide their assets by giving them to friends or family in order to avoid losing them in bankruptcy but this is considered fraud. The Trustee is entitled to retrieve these fraudulently transferred property.