Filing for Chapter 7 bankruptcy involves the release of all or nearly all debt that you owe through the liquidation of personal assets. Depending on your personal situation, available assets, and personal debt, it can be optimal solution to escape crippling debt and receive a fresh start.
Your bankruptcy filing process will begin with a consultation in order to discuss your particular situation and debt relief needs. During the consultation, an attorney will evaluate your income and determine whether you qualify for a Chapter 7 or Chapter 13 bankruptcy.
In a Chapter 13, the debtor repays his creditors either a part or the entire amount of the debt owed. Typically, individuals who file Chapter 13 have considerable equity in their homes and/or cars. A Chapter 13 plan will allow the debtor to catch up on back mortgage and car payments, while making their current payments and prevent home foreclosure and/or vehicle repossession.
Iowa Bankruptcy Records Search By Name
Honorable Anita L. Shodeen, Chief Judge · Megan R. Weiss, Clerk of Court
U.S. Bankruptcy Court
Southern District of Iowa
110 East Court Avenue, Suite 300
Des Moines, Iowa 50309