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Cedar Rapids, Iowa Attorney practicing in Iowa primarily in Personal Injury, Employment Law, Family Law, Civil Litigation and Appeals, Personal Injury and Agricultural Law. Lawyers at the Day Rettig Peiffer, P. C. are dedicated to serve their clients in Iowa, including the cities of Des Moines, Fort Dodge, Ames, Cedar Rapids, Iowa City, Davenport, Dubuque, Waterloo, Adel, Marshalltown, Pella, Decorah, Eldora, Johnston, Ankeny, Muscatine, Ottumwa, Manchester, Elkader and Burlington , and the communities that make Polk, Webster, Story, Linn, Johnson, Scott, Dubuque, Black Hawk, Dallas, Marshall, Marion, Winneshiek, Muscatine, Wapello, Delaware, Clayton, Hardin and Des Moines counties. |
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| Question: |
| Can I exempt any property from creditor claims during bankruptcy? |
| Answer: |
There are several categories of income and property exempt from bankruptcy. These include:
Vehicles, to a value limit
Reasonably necessary property, such as furniture, clothing, and appliances
Tools necessary to the debtor's profession, to a value limit
Jewelry, to a value limit
A percentage of home equity
Benefit payments, such as welfare, Social Security, and unemployment payments
Damages awarded by a court
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DISCLAIMER: The information you obtain at our firm web site is not, nor is it intended to be, legal advice. It is recommended that you should consult an attorney for individual advice regarding your own situation.
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If you would like to schedule a initial consultation contact an Iowa bankruptcy attorney representing clients in Eldora, Iowa at the Day Rettig Peiffer, P. C.. Give us a call at (866) 472-3270 or email us at info@drpjlaw.com.
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