Bankruptcy Lawyer – Why You Need One

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Hong Law, PLC assists individuals with financial issues in Cedar Rapids, Coralville, and Iowa City. The firm helps them determine whether bankruptcy is the best option for their situation. It also specializes in mortgage modifications and foreclosure defense.

Bankruptcy Lawyer

It also helps clients stop creditor harassment and stop wage garnishment. The firm handles Chapter 7 and Chapter 13 bankruptcy cases.

Experience

If you’re considering filing for bankruptcy, you need an experienced lawyer by your side to help you navigate the process. You don’t want to make any mistakes that could hurt your chances of a successful outcome, and you need to be aware of all the implications of filing for bankruptcy.

A bankruptcy attorney can assist you in deciding whether Chapter 7 or Chapter 13 bankruptcy is right for your situation. In Chapter 7 bankruptcy, a trustee is assigned to liquidate your non-exempt assets and repay creditors in a specific order. In Chapter 13, on the other hand, you can keep your property and create a repayment plan to pay off debts over a period of years.

A bankruptcy attorney can also help you deal with issues such as wage garnishment and credit report errors. They can also protect your rights if you’re facing foreclosure or debt collection lawsuits. Moreover, they can guide you through the complicated legal process of dealing with the death of a loved one.

Knowledge of the Law

An experienced attorney will be well-versed in federal bankruptcy laws. He or she will be able to help you determine whether a Chapter 7 or Chapter 13 bankruptcy is the best option for you and will guide you through the process.

There are two primary types of personal bankruptcies available in Iowa, Chapter 7 and Chapter 13. The former will discharge your liability for unsecured debts, while the latter will allow you to reorganize your finances by developing a payment plan.

A good bankruptcy lawyer in Iowa can also help you avoid foreclosure and stop wage garnishment. He or she will review your financial situation to determine if bankruptcy is the right solution for you and can help you find alternatives that may work better for you.

The bankruptcy firm of Janssen Law, PLC has a father-son legal team that combines new ideas with experience to provide clients attentive legal representation. The firm assists individuals and businesses in filing for chapter 7, 11, and 13 bankruptcy petitions.

Counseling

A skilled bankruptcy lawyer can help you understand the laws that govern who can file for financial relief and what it will mean for your life. They can also help you look for less radical options like debt counseling before filing for bankruptcy.

The law changes often, and a skilled bankruptcy attorney will keep up to date on these changes. They will be able to use their knowledge of the law to bring value to your case inside and outside the courtroom.

A skilled bankruptcy attorney will be able to prepare your bankruptcy petition for filing, including a mailing matrix with the names and addresses of all of your creditors. They will also accompany you to your 341 meeting, which is a short meeting where the trustee will ask you questions about your income and assets. They will help you avoid any missteps that could lead to the dismissal of your bankruptcy. A good example of this is how to correctly fill out your bankruptcy schedules.

Legal Representation

The most common type of bankruptcy in Iowa is Chapter 7 bankruptcy, which discharges unsecured debts. However, before filing for bankruptcy, the debtor must complete pre-bankruptcy credit counseling from an approved agency. The Northern District of Iowa and the Southern District of Iowa both provide lists of approved agencies.

Jeff Mathias provides one-on-one counseling to clients who are struggling with debt. He focuses on analyzing the debtor’s finances and income before advising them on bankruptcy petitions or other debt relief options. He also helps clients stop wage garnishments, foreclosures and creditor harassment.

The law firms listed on Iowa Bankruptcy Law have been reviewed by a qualified attorney or lawyer and are in good standing with the bar association in their state. However, the information on this website should not be considered legal advice and is only general background information about bankruptcy law. Individuals should seek the advice of a licensed bankruptcy lawyer for specific legal questions and concerns.

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