iowa bankruptcies

Keeping personal property is usually a big concern for Iowa residents filing for a personal bankruptcy and rightfully so. Keeping your property all depends on what chapter you file and what the property’s valuation. Your car, like your house, also depends on whether you are current of behind on your monthly car payments.

Keeping personal property is usually a big concern for Iowa residents filing for a personal bankruptcy and rightfully so. Keeping your property all depends on what chapter you file and what the property’s valuation. Your car, like your house, also depends on whether you are current of behind on your monthly car payments.

If you’re filing for a chapter 7 bankruptcy in Iowa and own a vehicle that is worth a pretty penny you may be forced to turn the vehicle over to your bankruptcy trustee to repay your creditors. So what are your options to getting a new car?

Iowa - like many states – has experiences an upturn in personal bankruptcies filed since the new bankruptcy laws were passed in 2005. This left many Iowa residents looking for Iowa bankruptcy auto financing after having to surrender their vehicles to the bankruptcy to repay their creditors.