Frequently Asked Questions About Henry E. Nathanson
What is the difference between chapter 7 and chapter 13?
A Chapter 7 petition can be filed by debtors who can show that they are insolvent by passing the government’s means test. In Chapter 7, dischargeable unsecured debts can be wiped out without paying anyone anything. A Chapter 13 petition can be filed by any debtor who does not qualify for Chapter 7 or who is behind on home mortgage payments and wants a chance to catch up. A payment plan is filed with the petition. A mortgage loan arrearage is an unsecured debt that can be paid off over the term of a plan. All other unsecured debt receives a pro rata share of the monthly plan payments with the understanding that any balances remaining unpaid at the end of the plan term are wiped out. Reach out to Henry E. Nathanson, bankruptcy attorney in Cedar Rapids, IA, today to schedule a free initial bankruptcy review.
What does it cost to file bankruptcy?
A bankruptcy petition is filed in federal bankruptcy court. The filing fee for a Chapter 7 petition is $338 and the filing fee for a Chapter 13 petition is $313. The attorney fee will be discussed and agreed upon between Mr. Nathanson and the client before the petition is filed. Reach out to Henry E. Nathanson, bankruptcy attorney in Cedar Rapids, IA, today to schedule a free initial bankruptcy review.
Can I get rid of tax debt in bankruptcy?
Income tax can often be discharged in a Chapter 7 bankruptcy petition if a return for that year was filed. If a return was filed on time, the tax debt can be wiped out if the bankruptcy petition is filed more than three years after the return was filed. If the tax return was filed late, the debt can be wiped out if the bankruptcy petition is filed more than two years after the return was filed. Reach out to Henry E. Nathanson, bankruptcy attorney in Cedar Rapids, IA, today to schedule a free initial bankruptcy review.
Can I keep a credit card?
You cannot expect to be able to keep a credit card account open after filing a bankruptcy petition. All credit card issuers find out immediately when a person files bankruptcy. If the person has an account with a credit card issuer, the issuer will typically send the customer a letter and notify them that they are closing their account, even if there is no current balance owed on the account. Reach out to Henry E. Nathanson, bankruptcy attorney in Cedar Rapids, IA, today to schedule a free initial bankruptcy review.
What property am I able to keep?
Iowa statutory exemptions apply rather than federal exemptions in most cases. The Iowa exemption statute is liberal and in most cases allows a debtor to keep everything that he or she needs to live day to day and also retirement accounts. Reach out to Henry E. Nathanson, bankruptcy attorney in Cedar Rapids, IA, today to schedule a free initial bankruptcy review.
What is bankruptcy and how can it help me?
Bankruptcy is a legal process designed to help individuals and families eliminate or restructure overwhelming debt. It can stop creditor harassment, prevent foreclosure or repossession, and give you a fresh financial start.
For many people in Cedar Rapids and throughout Iowa, bankruptcy provides real relief and a clear path forward. Attorney Henry E. Nathanson takes a personalized approach to help you understand your options and decide what’s best for your situation.
Will bankruptcy stop creditor calls and lawsuits?
Yes. Once a bankruptcy case is filed, an automatic stay goes into effect. This immediately stops most collection actions, including:
• Collection calls
• Lawsuits
• Wage garnishments
• Foreclosure proceedings
This protection gives you the breathing room you need to move forward with confidence and peace of mind.
How long does the bankruptcy process take?
The timeline depends on the type of bankruptcy:
• Chapter 7: Usually completed in about 90 days after filing of the petition
• Chapter 13: Takes 3–5 years due to the repayment plan
From your first consultation, Henry E. Nathanson will clearly explain what to expect and guide you through every step of the process.
Will I lose everything if I file for bankruptcy?
No. Most people who file for bankruptcy are able to keep their essential property.
Iowa exemption laws protect many assets, including your home, vehicle, and personal belongings. Retirement savings accounts should be added to the list of assets that a debtor may keep in a bankruptcy case. Henry E. Nathanson carefully reviews your situation to help ensure you keep as much as possible.
Will filing for bankruptcy stop wage garnishment in Iowa right away?
Yes. Filing for bankruptcy triggers an automatic stay that can immediately stop wage garnishment and other collection actions.
If your wages are being garnished in Cedar Rapids or anywhere in Iowa, those deductions are typically stopped quickly after filing. In some cases, you may even recover recently garnished funds.
What are the regular business hours for Henry E. Nathanson's law office?
Henry E. Nathanson's office is open Monday through Friday from 8:00 AM to 12:00 PM and 1:00 PM to 5:00 PM.
Is Henry E. Nathanson available on weekends?
The office is closed on Saturdays and Sundays, but appointments can be scheduled on these days by request.
What types of legal services does Henry E. Nathanson provide?
Henry E. Nathanson provides bankruptcy, estate planning, probate law, and power of attorney legal services.
How can I contact Henry E. Nathanson?
You can reach Henry E. Nathanson at +1 319-366-1130 or via email at hnathanson@nazettelaw.com.
What payment options are accepted at Henry E. Nathanson's law office?
Payments can be made via cash, check, Discover, MasterCard, and Visa.
Is Henry E. Nathanson's office accessible for people with disabilities?
Yes, the office has wheelchair accessible entrances, seating, and restrooms, including unisex and wheelchair-accessible restrooms.
Does Henry E. Nathanson accept online appointments?
Yes, Henry E. Nathanson offers online appointments and requires scheduling one in advance.
Are there parking options available at Henry E. Nathanson's location?
Yes, there is free street parking and free onsite parking available at the office.
What nearby law services can I find around Henry E. Nathanson's office?
Nearby, you can find Nazette Marner Nathanson & Shea, a firm specializing in divorce and family law, which may complement your legal needs.
What nearby public safety or law enforcement locations are close to Henry E. Nathanson's office?
The Cedar Rapids Police Department and the Cedar Rapids Public Safety Cadets Unit #107 are nearby, providing an additional sense of security in the area.
Are there any notable landmarks or accommodations near Henry E. Nathanson?
Yes, Kingston Village Apartments and Ashton Flats are notable nearby landmarks and accommodation options to consider when visiting the area.
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