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National Association of Consumer Bankruptcy Attorneys
Member, National Association
of Consumer Bankruptcy Attorneys


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Member, National Association
of Consumer Advocates







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What are the common types of bankruptcy, in what ways are they of use?

"There are two basic forms of relief available in bankruptcy for the typical individual or family.

First, there is a Chapter 7 Bankruptcy filing. Since bankruptcy law is a part of the United States code of laws, the bankruptcy code is divided up into Chapters. Different chapters of the bankruptcy code deal with different aspects of debt relief. By far, Chapters 7 and 13 provide the most common relief needed for most folks. Of these two types of bankruptcy, in Iowa Chapter 7 is the type of fresh start that is chosen over 90 % of the time.

Chapter 7 is the most basic form of relief available to you in bankruptcy. It’s a way to eliminate many types of debt altogether in a period of time of typically about 3 months from the time we file the paperwork for you with the court to the time that the case is over.

The second most common type of bankruptcy, Chapter 13, is a way in which you can consolidate your debts. A Chapter 13 is sometimes also called a wage earner’s plan or debt consolidation, because in a Chapter 13 all of your debts are consolidated or lumped together, and you simply make one payment each month to a court-appointed trustee who pays out this money to your creditors according to a court-approved plan of repayment. It’s a total debt consolidation where you make a single payment to cover all of your debts and without any contact from your creditors. Your monthly payments can be surprisingly small since under a Chapter 13 plan interest charges, penalties, and late charges are often reduced or eliminated, and payments are stretched out over a period of years. Also, for certain types of debts, called unsecured debts, such as most credit cards and medical bills, you can obtain court approval of a plan which pays less than, and sometimes far less than 100% of that debt. If you have followed the plan and made your payments to the Chapter 13 trustee, then at the end of the usually 3 to 5-year period, most, though not all, types of debts that have not been paid in full are still wiped out or as we sometimes say, “discharged” and you no longer have any legal obligation to pay them.

A Chapter 13 is a very powerful way to prevent home foreclosures, car repossessions, tax levies, and garnishments. It can effectively be used to pay for cars, stereos, catch up on house payments, IRS taxes, and almost any other kind of debt. You can even stop a foreclosure on your home in certain circumstances. Again, with a Chapter 13, you can keep everything you own because you are paying your debt."


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"You guys rock" -- L.K.

"I'd stand on my head for you guys, but I'd look silly doing it." -- P.G.

"Now, I can sleep tonight" -- R.C.

"If you need the help, Gandy's the one to go to." -- P.G.

"Thanks again for helping us out. You all treated us like people, not criminals." -- G.G. & B.G

"You really go to bat for your clients." -- M.H.

"The knot in my stomach is gone." -- K.G.

"Freedom is amazing, we can answer the phone again and actually have money in the bank." -- K.

"I thought your service was excellent. I felt so badly about having to take bankruptcy and so nervous, but your staff helped me feel at ease and were so understanding and helpful. Thank you." -- P.B.

"You are wonderful people, very helpful & friendly! We have a new lease on life!!" -- S. & J. R.

"Excellent service, never felt uncomfortable with subject." -- R.R.

"This was a very hard decision for us, your office made it go smoothly & easy. Thank you." -- G.B.

"Everything was explained so that I understood which made me feel at ease with the staff. Thank you so much for the fresh start." -- A.S.

"Personnel was very courteous, helpful, cordial & looking out for my best interests. I would highly recommend GANDY LAW OFFICES to anyone" -- V.F.

"I was very pleased and relieved to have an honest and outstanding firm as yours. I have had a couple of bad experiences in the past - Thank you very much" -- R.H.

"I think you folks were great. I could hardly believe how easy and smooth it all went. Keep up the good work." -- D.S.

"Professional, yet caring." -- B.H.

"I wish everyone who was suffering financially like I was would find out how easy it is to get out of the mess they're in." -- Anonymous

"Thank you for your guidance and legal assistance. You did a very good job of keeping me informed." -- M.S.

"I was very pleased with Mr. Gandy and staff, and would recommend your law firm." -- C.S.

"Your service was great. An enormous weight has been lifted." -- R.F.

"... thanks for getting me through a very difficult time. I went to court much better prepared than others represented by other firms." -- S.J.

"Deciding to file bankruptcy was hard & I was embarrassed about it. But coming to your office and being treated with respect... it made the whole experience a lot easier, and more pleasant then I imagined it would be." -- Anonymous

"... You took our stress and made life better for us with a new beginning." -- P.H.

"I am glad I chose your firm." -- D.L.

"When I first came into your office, I was so down on myself and truly felt like a failure, but now I am really at peace with myself, and I have started a new life. I owe it all to you, Mr. Gandy, and your wonderful, caring staff." -- G.S.

"The service was wonderful." -- B.H.

"I just want to thank you for all your kindness and help in this matter! You and your staff were so kind, considerate and helpful... You really made me feel at ease about the whole process." -- S.N.

"You all rock!" -- K.

"I was VERY satisfied with your personnel and the way you guys handled everything for me." -- R.O.

"Keep up the good work and thank you very much." -- M.A.

"[You] made us feel like family... We weren't made to feel embarrassed about our decision." -- T.T.

And a very special story was shared to us by one of our valued clients:
"My true feelings about the Gandy Law firm:
I prayed for guidance how to get those bills paid. I was looking in the stand for something and the telephone directory fell out and opened to the yellow pages with the Gandy ad showing. After reading the ad I sat there wondering 'could they be the one's to help me?' My inner thoughts told me 'sure, give them a call and see what happens.'
Well, the rest is history... I'm so grateful to all of you. You people seemed concerned about my health, about me climbing those steps [to the office]. I want you to know since the burden has been lifted from me, my health has gotten better." -- H.B.




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Iowa Bankruptcy Lawyer : Paul Gandy  Iowa Bankruptcy Attorney, Gandy Law Offices : Iowa Bankruptcy, Fairfield Iowa Bankruptcy Lawyer, Bankruptcy Attorneys
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Iowa Bankruptcy Attorney Gandy and his staff strive to be both competent and caring.
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Iowa Bankruptcy Lawyer : Paul Gandy  Iowa Bankruptcy Attorney, Gandy Law Offices : Iowa Bankruptcy, Fairfield Iowa Bankruptcy Lawyer, Bankruptcy Attorneys
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You may be considering having GANDY LAW OFFICES, P.C. represent you in getting a fresh start for you and your family by using the bankruptcy process.
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GANDY LAW OFFICES, P.C. is a qualified law firm proudly designated as a federal debt relief agency by an Act of Congress and the President of the United States. Since 1991, we have been assisting families, individuals, and small businesses in obtaining financial relief, eliminating burdensome debt, and getting a fresh start under the US Bankruptcy Code. 11 USC § 528 (a) (4).|
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