Chapter 7 bankruptcy is a filing which allows some individual persons to wipe out many debts. It is designed to eliminate most debts, while selling some assets to compensate creditors. Many assets are exempt under Iowa and federal law. A trustee will be appointed by the court to collect the debtor’s non-exempt assets and to sell them to the creditors to repay debts. Read the full article here: https://www.oflaherty-law.com/learn-about-law/bankruptcy-for-individual-debtors-iowa-chapter-7-bankruptcy

In this video we cover Iowa Chapter 7 Bankruptcy including What is the process for filing Chapter 7 Bankruptcy?, Exempt Income and Property from Chapter 7 Bankruptcy, First Meeting of Creditors, and Are There Debts That Cannot Be Discharged?

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