Tag Archives: Fairfield Bankruptcy Attorney
When Can I Discharge a Student Loan in Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is designed to give Iowa debtors a “fresh start” by discharging their legal obligation to repay most of their unsecured debts. Unfortunately, one of the biggest sources of personal debt–student loans–enjoys special protections under federal bankruptcy law. As a general rule, a debtor cannot discharge a student loan unless they can… Read More »
Bankruptcy for Family Farmers: Chapter 12
Did you know that the U.S. Bankruptcy Code affords a special type of bankruptcy protection to qualifying family farmers and family fishermen under Chapter 12? Although we don’t have too many fishermen here in Iowa we certainly do have a lot of family farmers so let’s take a moment to look at Chapter 12… Read More »
The Bankruptcy Means Test
The bankruptcy means test is one aspect of the Federal Bankruptcy Act that has been causing confusion for years. Therefore, the aim of this article is to help clear up some confusion by providing a general overview of what the bankruptcy means test is and how it is applied. However, bankruptcy law in the… Read More »
Bankruptcy FAQs
Are you considering filing for bankruptcy? If so, you likely have many questions. This article is designed to answer some frequently asked bankruptcy questions, but for case specific information be sure to consult with a local bankruptcy attorney. Q: What types of bankruptcy are available to individuals? A: Most individuals who file for bankruptcy… Read More »
When Is It Time to File for Bankruptcy?
Provided under federal law, any United States citizen has the right to file for bankruptcy if he or she is overwhelmed with debt. Legally filing for bankruptcy will automatically stop creditors who are seeking to collect debt from calling your home, and (in some cases), stop the bank from foreclosing on your home. However,… Read More »
