Expertise.com

Best Bankruptcy Attorneys in Cedar Rapids

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Bankruptcy Attorneys FAQs

Learn more
Ag & Business Legal Strategies logo
Visit WebsiteWebsite

License Verified:

Iowa Judicial Branch

Ag & Business Legal Strategies

1350 Boyson Road, Hiawatha, IA 52233
Visit WebsiteWebsite
  • Chapter 11 Bankruptcy

Business Description

Ag & Business Legal Strategies represents and counsels farmers and business owners in the Cedar Rapids area who find themselves in a difficult financial situation. The firm works closely with bankers, farm managers, business consultants, Realtors, appraisers, tax professionals, and other advisors to determine the best strategy available, such as bankruptcy petitions under Chapters 7, 11, and 12 as well as debt restructuring. Founding attorney Joseph A. Peiffer is certified in business bankruptcy by the American Board of Certification.

License Verified:

Iowa Judicial Branch

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
4.3 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Day Rettig Martin, P.C. logo
Visit WebsiteWebsite

Day Rettig Martin, P.C.

150 1st Ave NE 415, Cedar Rapids, IA 52401
Visit WebsiteWebsite
  • Chapter 11 Bankruptcy

Business Description

Founded in 1873, Day Rettig Martin, P.C. is an experienced law firm serving individuals and businesses in the Cedar Rapids area. It handles business bankruptcy, multi-employer plans, financial restructuring, and estate planning, guiding individuals and businesses through Chapter 7, Chapter 11 and Chapter 12 bankruptcies. The attorneys at Day Rettig Martin, P.C. also help businesses with financial restructuring after bankruptcy and help clients work through complex financial issues. Day Rettig Martin is a member of the Cedar Rapids Metro Economic Alliance.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.5 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Howes Law Firm, P.C. logo
Visit WebsiteWebsite

Howes Law Firm, P.C.

3200 37th Avenue Southwest, Cedar Rapids, IA 52404
Visit WebsiteWebsite
  • Debt Settlement

Business Description

Howes Law Firm PC is a Cedar Rapids law firm with several practices designed to help its clients use the legal process to navigate stressful situations such as bankruptcy filing. The firm guides clients through the procedures and legalities of liquidation, including showing them if Chapter 7 bankruptcy is a viable option or if there are alternatives. Additionally, Howes Law Firm represents clients in criminal, real estate, and personal injury law cases.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Facebook
5.0 / 5 (6)
Google
3.0 / 5 (2)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
John Heckel Iowa Bankruptcy Attorney logo
Visit WebsiteWebsite

John Heckel Iowa Bankruptcy Attorney

5250 N Park Pl NE 114, Cedar Rapids, IA 52402
Visit WebsiteWebsite
  • Chapter 13 Bankruptcy

Business Description

John Heckel Iowa Bankruptcy Attorney is based in Cedar Rapids. Mr. Heckel offers one-on-one sessions with clients to provide information about their options, assist with the completion of the necessary documentation, and answer pertinent questions related to bankruptcy claims. Practicing law since 1974, founding attorney John M. Heckel also handles cases in the legal areas of real estate and probate. He has assisted more than 1,000 clients with bankruptcy claims.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Kevin Ahrenholz Bankruptcy Lawyer logo
Visit WebsiteWebsite

Kevin Ahrenholz Bankruptcy Lawyer

222 3rd Avenue Southeast, Cedar Rapids, IA 52401
Visit WebsiteWebsite
  • Debt Settlement

Business Description

Kevin Ahrenholz is a bankruptcy lawyer who focuses on individuals filing for Chapter 7, 11, 12, and 13 bankruptcy. Attorney Ahrenholz offers step-by-step guidance to his clients through the entire bankruptcy process and aids in avoiding foreclosure, stopping vehicle repossession, eliminating medical bills, and discharging credit card debt. He offers a unique perspective on debt collection having represented collection agencies and helps his clients find the best options in managing their debt.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Rush M Shortley Attorney at Law logo
Visit WebsiteWebsite

Rush M Shortley Attorney at Law

1921 51st St NE, Cedar Rapids, IA 52402
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Rush M. Shortley Attorney at Law serves clients searching for a bankruptcy lawyer in Cedar Rapids. With over 40 years of experience, the firm handles Chapter 7, 12, and 13 bankruptcy, as well as debtor/creditor law, nonbankruptcy workouts, and prebankruptcy planning. This planning provides legal exemptions that protect clients' property. Attorney Shortley identifies debt-relief options, offers guidance in the bankruptcy process, and understands what to avoid before filing. He helps individuals, families, and small businesses.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.2 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

What does a bankruptcy attorney do?

Bankruptcy attorneys help clients understand whether they qualify for bankruptcy and what their best options are. They also prepare and file petitions, answer questions during the proceedings, and educate clients about potential best steps for a positive bankruptcy outcome. Bankruptcy attorneys might also file motions or paperwork if creditors dispute the bankruptcy, or to stop creditors from taking collections actions forbidden by the bankruptcy.

What happens when you file bankruptcy?

Bankruptcy is a formal process that individuals, married couples, or businesses can enact when they are no longer able to pay creditors. In a bankruptcy proceeding, filers are allowed to reduce debt to more manageable levels to best pay off money owed.

Once the bankruptcy process is initiated, debt collectors can no longer seek repayments outside of the arrangements detailed in the bankruptcy settlement. Some forms of bankruptcy result in the liquidation of assets to pay back debts, while others allow filers to retain most of their possessions and investments. Many types of unsecured debt can be managed with bankruptcy filings, but not all.

Can you file bankruptcy on student loans?

Under most circumstances, student loans aren't dischargeable and aren't included in bankruptcy proceedings. In rare cases, it may be possible to eliminate student loans through bankruptcy, but only if the courts determine that continuing to pay the loans would impose an undue hardship. Meeting the criteria for undue hardship is challenging, and most bankruptcy filers don't qualify.

What is bankruptcy fraud?

Bankruptcy fraud is a blanket term that refers to any kind of dishonest bankruptcy proceeding, which can include:

  • Hiding assets by transferring them to another person or entity
  • Intentionally omitting assets when reporting to the court
  • Destroying or withholding required documents
  • Knowingly making false statements to bankruptcy trustees or creditors

How long is bankruptcy on public record?

How long bankruptcy stays on public record depends on the kind of bankruptcy filing in question. Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component. Chapter 13 bankruptcy remains on the record for seven years as some obligations are repaid following filing based on the terms of a discharge settlement.

Does bankruptcy clear tax debt?

Bankruptcy can clear tax debt, depending on the circumstances. Taxes are dischargeable under Chapter 7 bankruptcy, not Chapter 13, and only if the tax debt is:

  • Federal income tax debt related to current properly filed tax returns
  • Honestly incurred with no fraud or evasion
  • At least three years old
  • Assessed at least 240 days before bankruptcy filings

Existing liens are not eliminated with bankruptcy.


Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

How bad is it to file bankruptcy twice?

Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.

Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.

Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How will bankruptcy affect my credit score?

Bankruptcies are noted on credit reports. How much a bankruptcy might drop a person's credit score depends on how high the score was to begin with, but generally speaking, the hit can be as much as 100 to 200 points. Often scores are already dropping because people filing for bankruptcy may have already missed payments on debts. Chapter 13 bankruptcies are listed on credit reports for seven years from the filing date, while Chapter 7 bankruptcies are listed for 10 years from the filing date. This is because Chapter 13 bankruptcies require at least partial payment of debts owed.

What are the benefits of filing for bankruptcy?

Filing a bankruptcy petition causes an automatic stay. This legally stops creditors from taking further action to collect debt, including garnishing wages or foreclosing on property. Going through a bankruptcy successfully means that debts included in the bankruptcy are discharged and don't have to be paid back, except as provided in a Chapter 13 repayment plan. Bankruptcy can help someone recover from financial duress so they can make better decisions and improve financial situations in the future. Disadvantages can include temporary lower credit scores and limitations on spending and financing.

What's the difference between debt settlement and bankruptcy?

Debt settlement occurs when people negotiate with individual creditors. The creditor agrees to take a payment that's lower than what someone owes and call the debt “paid in full.” Bankruptcy is a legal process that causes debts to be dismissed after someone proves they don't currently have the means to pay their debts as owed. Typically, someone can't enter into bankruptcy and also settle some debts, because the court would see that as favoring one creditor over another.

Read all FAQs