Waterloo, IA Bankruptcy Chapter 7 Attorneys

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Waterloo, IA Bankruptcy Chapter 7 Attorneys

PLEASE NOTE:

We were unable to find any law firm or attorneys that match your search. We have expanded the results to 30 miles from the original location.

Attorneys (2)

  • Steven Michael Egli
  • Attorney at Law Offices of Steven M. Egli
  • Waverly, IA U.S.A.
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Bankruptcy Chapter 7 in Waterloo, IA

Chapter 7 bankruptcy, also known as "liquidation," is the most common form of personal bankruptcy used by individuals and married couples. Chapter 7 allows eligible debtors to surrender certain "non-exempt property" to the bankruptcy trustee assigned to oversee their case. Those assets are then sold, or liquidated, and the proceeds are used to pay creditors. Any remaining debt is discharged, or erased. Chapter 7 eligibility requirements vary from state to state, so people considering Chapter 7 are advised to hire a consumer bankruptcy attorney or law firm that has experience representing Chapter 7 filers.