Marshalltown Personal Bankruptcy Lawyers

Those experiencing difficult financial times know that debts can quickly accrue, often leaving individuals feeling helpless and overwhelmed. However, there are options for struggling Marshalltown residents to start anew. One way to mitigate your debts and regain financial stability is through filing for personal bankruptcy. The Marshalltown personal bankruptcy attorneys at Hong Law, PLC, are committed to helping Marshalltown residents understand their legal options and equip them with the knowledge to choose the best option for their specific financial situation.

Options for Personal Bankruptcy

Some believe there is a stigma around bankruptcy, but in truth, this process allows many in Marshalltown and elsewhere to move on from their indebted past and start again on stable footing. Essentially, there are two primary methods of personal bankruptcy:

• Chapter 13 Bankruptcy
• Chapter 7 Bankruptcy

These two options for personal bankruptcy offer different takes on the bankruptcy process; for instance, Chapter 13 allows debtors to retain their assets, while Chapter 7 involves asset liquidation. However, Chapter 7 is often easier to qualify for than Chapter 13. Navigating the nuances of bankruptcy law can be difficult, but fortunately, Marshalltown residents do not have to do this alone.

Contact a Personal Bankruptcy Attorney in Marshalltown

If you or someone you love is struggling with finances, and is considering filing for personal bankruptcy, the Marshalltown personal bankruptcy attorneys of Hong Law, PLC may provide legal guidance throughout the process. We can help you evaluate your personal bankruptcy options and choose the option that’s best for your individual situation. Contact our Marshalltown offices today by calling (319) 294-5853 to learn more.