DES MOINES, IOWA • FAMILY LAW • BANKRUPTCY • FAMILY MEDIATION
Reed Law Firm • Des Moines, Iowa

Chapter 7 bankruptcy: understand the tradeoffs before filing.

Chapter 7 is a liquidation chapter. Eligibility, exemptions, property, secured debt and the types of debts involved all deserve review before filing.

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Talk directly with Mark D Reed

Family Law • Bankruptcy • Family Mediation

515.875.4821
dsmlawyer@aol.com

Questions to address before filing.

Eligibility & Property

  • How do the means-test rules apply?
  • What property may be exempt?
  • What happens to secured property?

Discharge

A Chapter 7 discharge can eliminate personal liability for many qualifying debts, but not every debt is dischargeable and liens can require separate analysis.

Discuss your specific situation with Mark D Reed.

General information is a starting point; individual facts and current law matter.

Mark D Reed
Reed Law Firm, PLLC
309 Court Avenue Ste 216
Des Moines, IA 50309
515.875.4821
dsmlawyer@aol.com