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Bankruptcy

Frequently Asked Questions

| Does a Chapter 7 bankruptcy remove all of my debts? | Does a Chapter 13 bankruptcy remove all of my debts? | Is there any way to eliminate student loans through bankruptcy? | Can I eliminate child support or alimony by declaring bankruptcy? | If I file bankruptcy, will I lose my home? | Can I exempt any property from creditor claims during bankruptcy? | What property am I required to give up? | What alternatives do I have to bankruptcy? | Should I hire an attorney to assist during my bankruptcy proceedings? | How do I protect my custom farm operation from people filing BK against it? | Once I receive Notice of Bankruptcy from someone who owes me money? | What if they come in to pay anyway?

There are several categories of income and property exempt from bankruptcy. These include:

Vehicles, to a value limit
Reasonably necessary property, such as furniture, clothing, and appliances
Tools necessary to the debtor's profession, to a value limit
Jewelry, to a value limit
Benefit payments, such as welfare, Social Security, and unemployment payments
Damages awarded by a court

Saturday, January 28, 2023

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Sumner, Iowa Attorney practicing in Iowa primarily in Ag Law, Bankruptcy, Estate Planning, Real Estate Law. Lawyers at the Dillon Law P.C. are dedicated to serving Iowa, including but not limited to the cities of Allison, Charles City, Cresco, Decorah, Des Moines, Dubuque, Elkader, Grundy Center, Independence, Manchester, New Hampton, Waterloo, Waverly, Waukon, West Union & Vinton, and the communities that make up Allamakee, Benton, Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Clayton, Delaware, Dubuque, Fayette, Floyd, Grundy, Howard, Polk, Winneshiek, counties. © 2022 Dillon Law P.C. Sumner Location | 209 E. 1st Street, Sumner, IA 50674 Volga City Location | 502 Washington St, Volga City, IA, 52077. West Union Location | 103 N. Vine Street, West Union, Iowa 52175 West Union, Iowa 52175 We are there most Fridays 10-3 and by appointment. Telephone: (563) 578-1850 Email: info@dillonlawpc.com Home | Attorneys | Blog | Ag Law | Bankruptcy | Estate Planning | Real Estate Law | Contact | Iowa Ag Law Attorney Sumner Taxation Commercial Transactions Production Contracts Labor Hobby Farm Liability Bremer Fayette County Lawyer