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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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Truck accidents
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Motorcycle accidents
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Pedestrian accidents
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Bicycle accidents
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Slip and fall
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Dog bites
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Brain and spinal injury
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Offices
Ames, IA
Ames, IA
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