A Bankruptcy Attorney in Des Moines offers consumers a chance to become free of debts. Through proven methods, your attorney assist you in filing an effective chapter 7 bankruptcy claim. This bankruptcy option provides you with a chance to liquidate assets and properties to secure enough capital to eliminate company debts. The chapter stops your struggles and enables you to achieve financial freedom.
Consulting a Bankruptcy Attorney in Des Moines
You may consult a bankruptcy attorney to determine which chapter is most beneficial for you. As a business owner it is more likely that chapter 7 is an effective option. It allows you to settle your debts by selling your property and assets associated with your company. However, primary properties needed to operate your business are often exempt and are not included in the claim as liquidated properties.
Once the judge and your creditors approve inclusion into your bankruptcy claim a trustee is appointed to your case. This trustee oversees the sale of your properties and redistributes the funds acquired to your creditors. The process continues until all debts are eliminated. The value for each property is assessed during your hearing to determine whether you have enough properties and assets to complete liquidation as needed.
Local Bankruptcy Attorney
Kevin Ahrenholz is a Bankruptcy Attorney in Des Moines who prepares you for filing your bankruptcy claim. This attorney introduces you to the steps necessary to file a claim successfully. He will advise you throughout this process and ensure that you understand all stipulations associated with your claim. This attorney offers advise for you after your bankruptcy is discharged and prepares you for rebuilding your credit. If you require this form of debt-relief, contact this attorney locally and schedule an appointment.
Summary
A Bankruptcy Attorney in Des Moines presents debt-relief options for consumers who are in a considerable amount of debt. Bankruptcy is available for anyone who requires a permanent solution to eliminate their debts. Chapter 7 is among the available options. It is designed to help business owners free themselves from debt by selling off properties owned through their company. A trustee is assigned to manage the sale of these properties and distribute the proceeds to creditors.
