Welcome to the Iowa Consumer Rights blog for Nancy Thompson. I’m an attorney who has nearly 30 years experience advocating for consumers. We pursue fair debt collection violations by creditors and debt collectors, fair credit reporting violations by creditors and credit bureaus and consumer fraud violations by a variety of entities like debt settlement companies, creditors and others. This blog will help provide some basic information about the many difficulties facing Iowa’s consumers. If you have a consumer problem thatRead more
I am Nancy Thompson with Thompson Law Office. I am a bankruptcy attorney in Des Moines, Iowa and represent people in bankruptcy throughout the state of Iowa. Welcome to this blog on Chapter 13 bankruptcy.
What Is Chapter 13 Bankruptcy? Chapter 13 bankruptcy helps a person reorganize debts. Over a 3-5 year period debtors make payments to a trustee, who disburses the funds to creditors. Unpaid debts remaining at the end of the plan period are discharged, just as they would be in a Chapter 7. Secured creditors may be paid by the trustee or directly by the debtor. Unsecured creditors may receive payments if there is income left over each month beyond what isRead more