Des Moines, Iowa / (515) 276-7211
When you file for bankruptcy, does all of your debt disappear into thin air? Seems too good to be true, right? The answer is yes and no. For the most part, filing for bankruptcy as an individual completely erases your debts owed to creditors. There are exceptions in place, however, to protect certain types of …
In this blog, we mostly concentrate on how bankruptcy can help individual Iowans with their personal financial situations. Iowa small business and corporations, of course, also file for bankruptcy for many of the same reasons. In the case of a sole proprietorship – a business owned by one person with no legal separation between individual …
A recent Yahoo! Finance article answers the question posed by this blog’s title in its own title: “You Can Buy a Home After Foreclosure.” While that headline is straightforward and to the point, it’s not quite that simple. As the article goes on to explain, there is a mandatory waiting period of three years before …
A short sale is often a desperation move, albeit one that is sometimes successful and useful in the right circumstances. Understanding the difficulties and challenges of successfully completing a short sale is extremely important before considering it as an option. First things first: what is a short sale? A short sale is the action of …
At Marks Law Firm, we are often visited by individuals who have recently learned that they are being sued by a creditor. Through our consultations with clients, we’ve noticed that most people have the same few questions about that type of situation. As a resource, here are three of the most common questions, and answers that can …