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Iowa Bankruptcy Lawyers

Have an Iowa bankruptcy attorney help you through the bankruptcy process

When debt gets out of control it can feel like a bully: An intimidating burden you won't be able to lose. But there may be actions you can take today that can help you clear things up and get your life back on track.

Bankruptcy lawyers can guide you through a process that was created to help you clear your debt and get on with your life. Bankruptcy is designed to eliminate debt while protecting what matters to you most: your home, cars, property and your livelihood.

Find out how bankruptcy may be able to help you during a free case evaluation with an Iowa bankruptcy lawyer. Simply complete the free form on this page and we'll connect you right away. Or, for immediate help, call 877-833-2410.

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Filing Bankruptcy in Iowa

Iowans filing bankruptcy have a couple of options. As a whole, bankruptcy is designed to resolve debts from several sources, including:

  • Home mortgages
  • Credit cards
  • Medical bills
  • Car loans
  • Personal loans
  • Utility bills

But you have two options two reach these goals: Chapter 7 and Chapter 13 bankruptcy. Both can be effective at clearing debt, and both may help you stay in your home.

Chapter 7 bankruptcy is designed to quickly clear debt relating to credit cards, medical bills and personal loans. Your entire case may last only a few months. But when you file, you'll want to see how Iowa's Chapter 7 exemptions apply to you.

These exemptions are in place to protect property from a forced sale. They outline what is protected, although your lawyer can discuss how these exemptions may apply to you. In most Chapter 7 cases there is no property sale of any kind. Iowa's exemptions are some of the strongest in the country and include:

  • One home, regardless of value
  • 90 percent or more of your wages
  • Up to $7,000 for a vehicle
  • $10,000 worth of livestock, tools and equipment for farmers
  • $10,000 worth of tools, work implements and trade books
  • $2,000 worth of jewelry
  • $7,000 worth of household goods, apparel, furnishings and musical instruments
  • $1,000 worth of books, bibles, portraits and paintings

If you need more protection or want to include back debt from your mortgage or car loans in your filings, Chapter 13 may be a better fit. While your case will last longer, Chapter 13 typically has the strongest bankruptcy protections for your property. During the duration of your case you'll likely be protected by the automatic stay, which stops and prevents foreclosure, repossession, lawsuits, wage garnishment or creditor collection.

Iowa Bankruptcy Lawyers are Here to Help

Before you make a decision, get all of your questions answered about how filing may affect you and your future. Iowa bankruptcy lawyers can provide answers, explain the laws and walk you through the process step by step.

Get informed during a free case evaluation with an Iowa bankruptcy lawyer near you. Complete the free form on this page and we'll connect you right away.

Both Chapter 7 and Chapter 13 have helped hundreds of thousands of people clear their debt and get a fresh start. Find out today for free how they may be able to help you.

Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.

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