Contact our Iowa bankruptcy lawyers for an approach that works
The Iowa bankruptcy lawyers who sponsor Total Bankruptcy gained their reputation for excellence by providing clients with very solid and manageable solutions. They realize that hard-working people may find themselves in difficult financial situations because they've been hit by real problems. The loss of a job or uninsured medical bills may ruin even the best family plans. Through their years of experience, our Iowa bankruptcy lawyers want to help people who want to "do the right thing" to be able to do just that.
When you call us toll-free at (877) 349-1309, or complete our online case evaluation form, one of our Iowa bankruptcy lawyers near you should quickly call to answer your questions and arrange for a meeting at your earliest convenience.
Once you've met with your bankruptcy lawyers, you may wonder why you ever waited to gain their counsel!
Your Iowa bankruptcy lawyers should show you how Chapter 13 may be the best solution for all involved.
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Council Bluffs
227 South Main Street Council Bluffs, IA 51503 Map | Directions Case Evaluation | Coverage |
Des Moines
701 E. Court Ave. Suite A Des Moines, IA 50309 Map | Directions Case Evaluation | Coverage |
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Iowa City
1927 Keokuk Street Iowa City, IA 52244 Map | Directions Case Evaluation | Coverage |
Muscatine
319 E. Second Street Suite 301 Muscatine, IA 52761 Map | Directions Case Evaluation | Coverage |
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Sioux City
423 Sixth Street Suite 400 Sioux City, IA 51102 Map | Directions Case Evaluation | Coverage |
Waterloo
620 Lafayette St., Suite 300 Waterloo, IA 50703 Map | Directions Case Evaluation | Coverage |
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If you are suffering under a mountain of debt and expenses that you just can't keep up with, but you do have a job or some other source of regular income that you can use to make payments under a repayment plan, a Chapter 13 bankruptcy may be right for you. You may use Chapter 13 bankruptcy to liquidate the majority of your debts, set up a reasonable debt repayment plan, and get a fresh financial start.
A Chapter 13 case begins with the preparation and filing of your petition. In your petition, you may be required to list certain personal information about yourself, your spouse, and your family, and you must set forth all of your income, your property (assets), your expenses, and all debts (liabilities). Additionally, you should select the specific exemptions to which you are entitled (exemptions are the laws that prevent your creditors from taking your property away from you).
Shortly after you file your petition, the court clerk should send a notice of your case to all of the creditors listed in your petition. After that, your case should be assigned to a trustee, who should review your case. The court should also issue an Automatic Stay order. This order prohibits your creditors from collecting their debts from you, from repossessing your car or other property, and from starting or continuing any legal actions against you.
The key may be a sensible repayment plan
Your repayment plan is an agreement between you and your creditors in which your creditors agree to forgive a portion of your debts to them in exchange for your commitment to repay your reduced debts over time. Most plans require you to make monthly payments to the trustee - a federal official who is appointed by the court to oversee your case - who in turn makes distributions to your creditors. While you are making payments under a repayment plan, your creditors should not take any collection actions against you.
Click Here For a Free Bankruptcy Evaluation
The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.