If you've sought out this page, this is probably a time in your life when your financial affairs are in crisis.
The reasons can be as many a there are desperate people, but the most common are illness, a catastrophic accident,
job loss, the death or disability of a close family member, or divorce -- or a combination of these.
Bankruptcy is one way of resolving that crisis and getting back to a healthy financial life.
A lot of myths surround bankruptcy, and some of these are addressed in the frequently asked questions
piece that links from this page.
You'll also find an explanation of the various chapters under which a bankruptcy can be filed there.
The filing of a bankruptcy petition also requires a lot of information about your assets and debts,
and the bankruptcy worksheet
that links from this page is a good starting point for putting that information together.
You have probably heard about the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" (Public Law No. 109-8
) which effects cases filed October 17, 2005 and after. It has made bankruptcy more difficult to file for some people, and more expensive to file for nearly everyone. But the stories that most debt is no longer dischargeable, or that bankruptcy has been abolished for most people, are simply not true.
If you have filed, you may want to consider whether to reaffirm some of your prior debts. A collection of questions and answers about reaffirmation agreements
is also available.
You may also have questions about credit reports and credit reporting. Some basic information about that is in Credit Report Questions and Answers
, which links from this page.
Of course, the information here is rather general, and you'll have specific questions about how bankruptcy would effect you.
We're happy to answer those questions, either by telephone, or by setting up an appointment in our office.
Bankruptcy -- Frequently Asked Questions
Reaffirmation Agreement Questions and Answers
Credit Report Questions and Answers
DCBA Bankruptcy Outline
Iowa Law School Pro Bono Outline