Chapter 7 and Chapter 13 Consumer Bankruptcy Lawyer

Many people turn to an attorney to help them through bankruptcy after they have already sought out every other debt relief option. You may have already tried a second job, budgeting, or refinancing and found yourself in the same situation—unable to get out of debt. If you are overwhelmed by debt, it is important to remember that you have options and that there is relief available. At Timothy D. Ament Law Firm, PLC, I have extensive experience in helping clients achieve debt relief through bankruptcy.

Call me toll-free at 1-877-819-1055 or contact me by e-mail to arrange an initial consultation or case evaluation. I offer a local perspective, a trusted reputation and a solid record of results.

Bankruptcy may be the fresh start you need and deserve

For most people, bankruptcy is the last option after an unforeseeable or unpreventable event that led them toward bankruptcy. Job loss, divorce, death or illness, or small business failure has left you unable to recover from significant debt or loss. While everyone knows that bankruptcy will harm your credit, being in debt is far worse for your ability to get back on your feet. Over time you can rebuild your credit score.

Chapter 7 bankruptcy

Chapter 7 bankruptcy is also known as "straight liquidation." It is a viable option for individuals, families or businesses that do not have an exorbitant amount of secured debt, but significant unsecured debt including medical bills and credit card balances. Under a Chapter 7 bankruptcy, you keep certain exempt property, which may include your car, household goods/furnishings, clothing, and your house (as long as you continue to pay your mortgage). You should consult with an attorney for specific advice regarding your situation.

Chapter 13 bankruptcy

Chapter 13 is also known as a "wage earner plan" and gives debtors the opportunity to pay some of the bills without total discharge of debt. A Chapter 13 bankruptcy may be a viable option if your income is too high to pass the Chapter 7 means test, or if you are facing home foreclosure and want to save your home. Repayment plans are generally on a 3 to 5 year schedule that will consider your total debt compared to your ability to pay, and ability to pay is determined by an allowed budget stated in the plan and your income.

Call 1-877-819-1055 today or contact me by e-mail at the Timothy D. Ament Law Firm, PLC in Waterloo, Iowa to speak directly with an experienced lawyer about your case.

Evening and weekend appointments available · Home and hospital visits available upon request · Conveniently located near the Crossroads Mall on LaPorte Road

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