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Noyes Law Office, P.C. Get back on the road to freedom!
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  • Free No Obligation Consultation

The Pros of Filing for Bankruptcy

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Choosing to file for bankruptcy is a big decision that carries many pros and cons with it. Filing for bankruptcy can get creditors off your back, discharge all or most of your debts, put you back on your feet financially, and let you start over. However, filing for bankruptcy is not the right move for everyone, consult with a local bankruptcy attorney about your legal options. 

The Upside 

Some upsides commonly associated with filing for bankruptcy include:

  • Filing for bankruptcy will initiate an automatic stay that immediately stops your creditors from taking collection actions against you (this means that the harassing letters, phone calls, etc. will stop),
  • If certain conditions apply, you may be able to go through the bankruptcy process without losing any of your property,
  • Under federal law your employer is not allowed to discriminate against you based on the fact that you filed for bankruptcy,
  • Some debtors actually emerge from bankruptcy with a better credit score than they had before they filed, and
  • Most importantly, filing for bankruptcy can discharge many (if not all) of your debts and enable you to regain control of your finances.

Considering Filing for Bankruptcy? Contact a Local Bankruptcy Attorney 

Here at the Noyes Law Office P.C. our experienced Southeast Iowa bankruptcy and debt relief attorneys understand how challenging it can be to take the plunge and file for bankruptcy protection. We also understand that filing for bankruptcy is not the right move for everyone. Therefore, we offer prospective clients a free no obligation initial consultation during which one of our knowledgeable attorneys will review your financial situation, discuss the processs of filing for bankruptcy, and advise whether or not filing for bankruptcy is a viable option for you. To schedule your consultation, contact our Fairfield office today at (641) 472-3236.

  • $1 Million
    Truck vs. auto case. Policy limits a 35 year old married mother of two killed.
  • $812 Thousand
    Rear-End Motor Vehicle Accident
  • $650 Thousand
    Settlement for spouse of deceased worker.
  • $575 Thousand
    Premises Liability Settlement
  • $500 Thousand
    Auto accident settlement with resulting post-concussive head complications (no wage loss).
  • $350 Thousand
    Injury from work with complications after surgery.
  • $300 Thousand
    Policy limits for 88 year old man rear ended.
  • $190 Thousand
    Read-End Accident with Tinitus Diagnosis.
  • $180 Thousand
    Slip and fall with a broken arm and torn rotator cuff.
  • $190 Thousand
    Bilateral carpal tunnel injury- $135,000 against the employer and $55,000 against the Second Injury Fund.
  • $185 Thousand
    Injured back.
  • $175 Thousand
    Broken leg of a 67 year old.
  • $160 Thousand
    Broken hip of 83 year old woman.
  • $155 Thousand
    Non-displaced fractured hip.
  • $100 Thousand
    Aggravation of degeneration disk disease.
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Get Back On The Road To Freedom!

Free No Obligation Consultation

Our Southeast Iowa personal injury, workers compensation and bankruptcy attorneys serve clients in Fairfield, Ottumwa, Mt. Pleasant, Iowa City, Knoxville, Oskaloosa, Fort Madison, Muscatine, Keosauqua, Birmingham, Centerville, Bloomfield, Keokuk, Sigourney, Richland, Burlington, Washington & Columbus Junction.

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