QUESTION
I know that I need to file bankrupty but I don''t have to money to pay an attorney.. I suddenly became disabled almost four years ago which left me in
Asked on May 26th, 2012 on Bankruptcy - Iowa
More details to this question:
alot of debt from my business. It is almost all on credit cards in my name. They are placing liens on my home, which is all I have. Should I file or will they in time go away. If so how long will it take for that to happen?
1 ANSWER
William/J Joanis
You really need to find some money and hire an attorney. Your creditors will not likely just go away, but there is not much they can realistically do, other that bother you. As far as liens being filed on your house, Iowa has a very liberal homestead exemption. It is based on the lot size (1/2 A in a city, 40 A rural) with unlimited value. So I am not sure what you are referring to in that regard. If all of your income is from disability, I'm not sure what your creditors can do.
Answered on May 27th, 2012 at 3:10 PM