Nothing could be further from the truth. Most people who file bankruptcy don’t lose anything.
Every state has exemptions that protect certain kinds of property. Iowa exemption laws are reasonable and liberal. There are exemptions to protect such things as your house, your car, your truck, household goods and furnishings, IRAs, retirement plans, the cash value in life insurance, wages. In those situations where some of your property may not be protected by available exemptions there may be some pre-bankruptcy planning that can help protect the property.
We are a debt relief agency. We can help you file for Chapter 7 and Chapter 13 relief under the Bankruptcy Code.
The legal information provided for on this website is intended to be general in nature. The facts and circumstances of each person's bankruptcy can have a bearing on the information on this site. You should not rely completely upon this information, without first contacting an attorney who is experienced in the area of bankruptcy law.
