Des Moines Bankruptcy Lawyer
The introduction of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005 caused many individuals and businesses to believe that filing for bankruptcy would no longer be an option in a debt crisis. By now, most people realize that bankruptcy is still an option—but bankruptcy law now includes new requirements that provide a system designed to better protect both creditors and debtors.
An experienced bankruptcy attorney in Des Moines provides debtors with the best chances for a successful filing. But now—more than ever—it makes sense to seek skilled representation from a Des Moines lawyer at Hope Law Firm, PLC.
Des Moines bankruptcy attorneys help clients determine the appropriate type of bankruptcy filing
- Individuals or businesses with minimal income and resources: Chapter 7 bankruptcy—also known as liquidation bankruptcy—permits qualified individuals and businesses to sell certain assets to repay as much debt as possible before negotiating with creditors to forgive the balance of the loans.
- Individuals with disposable income: Chapter 13 bankruptcy—or wage earners bankruptcy—is designed specifically for individuals who have enough income after fixed expenses to repay all debt after renegotiating the terms of the debt with each creditor.
- Businesses with sufficient profits: Chapter 11 bankruptcy—also known as restructuring bankruptcy—is similar to Chapter 13 for individuals. When a business is still running enough of a profit after considering fixed expenses, they can renegotiate with creditors to repay it in full under new terms and avoid shutting down the business.
Our bankruptcy lawyers in Des Moines guide you through the complex process
Any type of bankruptcy filing involves a complicated set of requirements that must be followed to the letter to ensure that debtors emerge with the fresh financial start they need. Even prior to submitting forms to the court, filers must first complete an accredited debt counseling program designed to help them better understand debt and help them avoid the practices that caused their initial financial concerns.
Our Des Moines bankruptcy law firm works closely with you to ensure you meet all requirements under the bankruptcy law. We help ensure your filing completely addresses all outstanding debt, and we advise you on how to address any debt that cannot be wiped clean through bankruptcy.
Your bankruptcy lawyer in Des Moines must be an experienced negotiator during the many meetings between you and your creditors—all seeking to recoup as many losses as possible. We ensure your rights are protected, and you reach agreements that are acceptable to the trustee who oversees your case.
Call skilled Des Moines bankruptcy lawyers for the full legal support you need
You need a firm to take all appropriate legal action to protect your rights and ensure all details are addressed throughout the complex bankruptcy process. We know how to work with you to achieve your goals. Contact Hope Law Firm, PLC to discuss your specific situation.
