Student Loan Debt and Bankruptcy

Posted on June 30, 2015 by John Heckel

Student Loan Debt and Bankruptcy in Iowa Obtaining a discharge from student loan debt in a bankruptcy is not impossible , but it is very difficult. The standard for discharge is whether the paying of the student loans will place on undue burden on the debtor. The original cases under the 2005 bankruptcy act dealt with people who were totally…

Do I qualify for a bankruptcy ?

Posted on February 14, 2015 by John Heckel

Do I qualify for a bankruptcy ? Forty years ago, the only criteria for a bankruptcy was whether your debts exceed your non exempt assets. Today, the qualification for a bankruptcy is far more complicated. That’s why you need an attorney for a bankruptcy. There are three tests which your finances must be put through to qualify. They are: a…

Are you a debt slave?

Posted on February 7, 2015 by John Heckel

Are you a debt slave? The Thirteenth amendment to the US Constitution abolished slavery. At least that is what we are told in school. The owning of a person as property is no longer allowed. Now we have an even more insidious form of slavery -debt slavery.. A debt slave is one who must give all their hard earned money…

What can I keep if I file for Bankruptcy in Iowa

What property will I keep if I file for bankruptcy?

Posted on January 21, 2015 by John Heckel

Iowa has exemptions of personal and real property you can keep in a bankruptcy. This is the property you keep. If you have pledged the property to a creditor such as e mortgage or car loan, then you have the choice of keeping the property by paying the debt or surrendering the property. Generally, you keep all your household goods,…

Student Loan Debt and Bankruptcy

Do I qualify for a bankruptcy ?

Are you a debt slave?

What property will I keep if I file for bankruptcy?

John M. Heckel Attorney

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