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The Smith Law Firm, PLLC
Ames, Iowa Attorney for Estate Planning, Injury, Bankruptcy & Criminal Defense
💳 Free consultation📍 Ames, IA
About The Smith Law Firm, PLLC
Chapter 7 liquidation allows a debtor to discharge or liquidate their unsecured debts at the conclusion of the case. However, the term Chapter 7 bankruptcy is often misunderstood. As a result there are a lot of myths about what a Chapter 7 is or what is permitted in a Chapter 7 bankruptcy proceeding. Some of the common myths out there are you cannot keep your home or your car in a bankruptcy. This is generally not true. It cannot stop a foreclosure on your home; that is another myth which is not necessarily true. Or you cannot discharge certain types of medical debts. Again these are all myths that are generally not true. A Chapter 7 enables the debtor to relinquish or discharge all types of unsecured debt provided they meet the qualifications for that type of discharge.
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The Smith Law Firm, PLLC takes each of these. Pick yours and the evaluation starts there.
Truck accidents
Free evaluation ›Motorcycle accidents
Free evaluation ›Pedestrian accidents
Free evaluation ›Bicycle accidents
Free evaluation ›Slip and fall
Free evaluation ›Dog bites
Free evaluation ›Brain and spinal injury
Free evaluation ›Offices
Ames, IA
Ames, IA
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