Bankruptcy laws are meant to solve the debt related cases.
If you are a permanent resident of Iowa, only then you can file a petition under Iowa Bankruptcy law.
You will find a number of lawyers who can help you with the proceedings.
There are various factors involved in the process including valuation, the involved exemption and the alternatives.
- The laws are under the federal constitution.
- There have also been recent amendments in the laws.
- You can also find alternatives to case like credit consolidation etc.
A good attorney will however, guide you through the entire process.