Applying Decades Of Experience To Solve Modern Legal Issues
Chapter 12 bankruptcy serves as an alternative to the more commonly used Chapter 13 reorganization or “wage earner’s” bankruptcy. Chapter 12 is specifically designed for family farmers and family fishermen, allowing them to restructure their business finances and avoid repossession or foreclosure. If you’re involved in farming or fishing and are facing serious financial problems, you may wonder if you…
If you are deeply in debt and thinking about filing for Chapter 7 bankruptcy, you may have some anxiety over the possibility of having to actually go to court. In practice, however, most Chapter 7 bankruptcy cases do not require the debtor to personally appear before a judge. Instead, the debtor’s only obligation will be to participate in a “meeting…
The main reason that a person files for bankruptcy is to get out from under their crushing debts. But not all debts are structured the same. Generally speaking, a debt is either classified as secured or unsecured debt. And while bankruptcy can eliminate a person’s obligation to repay both types of debts, it is still important to understand how they…
One of the biggest mental obstacles people face when filing for bankruptcy is the fear they will lose their home or other property. But the bankruptcy process is designed to help give debtors a “fresh start,” not leave them without the ability to rebuild their lives. To that end, federal and state law provide for a wide range of “exemptions,”…
Debt is a very serious thing, and something that can wreak havoc on your financial future and impact your finances for years to come. In some cases, debt can get so out of control that an individual has no option but to file for bankruptcy. While a large number of people who file for bankruptcy do so because they’ve experienced…
Farming is no easy occupation. Most farmers take deep pride in their work and appreciate the unique connection that they have with the land. In addition to the grueling amount of physical labor that goes into running a farm, farm debt is also a huge problem in the United States. For farmers who are no longer able to pay their…
When facing suffocating amounts of debt, filing for bankruptcy may be one of the best options for getting a clean slate and moving forward with one’s financial future. But, contrary to popular belief, bankruptcy cannot be used to discharge all debts and may not be appropriate for a person depending on the types of debts that they carry. If you…
If you are facing large amounts of debt and aren’t sure what the best course of action is for alleviating that debt, meeting with a skilled Iowa bankruptcy attorney may be a smart option. A bankruptcy attorney can help you to understand your options for debt relief, including things like debt consolidation and mortgage refinancing. If bankruptcy proves to be…
Just because someone files for bankruptcy does not necessarily mean that he or she will not be in financial trouble in the future. Fortunately, it is possible for those who have filed for bankruptcy in the past to do so again in certain circumstances. There are, however, limitations to this rule, so if you filed for bankruptcy on a prior…
The COVID-19 pandemic has affected many aspects of our lives, including everything from our health to the economy. For instance, mandatory quarantine orders have caused many businesses to close their doors, resulting in millions of job losses across the country. Fortunately, those whose employment has been affected by COVID-19 are not without legal recourse, with many people qualifying for Chapter…