Contact Us

Peters Law Offices
309 First Street East
Independence, IA 50644
Phone: 319-332-2003
Fax: 319-334-9993
Map and Directions

Vinton Office
415 A Avenue
Vinton, IA 52349
Phone: 319-332-2003
Fax: 319-334-9993
Map and Directions

Buchanan County Lawyer: Planning For Chapter 7 Bankruptcy

Many people who could find financial relief from Chapter 7 bankruptcy believe they make too much money. There are certain income guidelines on how much you can make if you want to file for Chapter 7. However, your individual circumstances are taken into account. The best way to deal with planning for a Chapter 7 bankruptcy is to contact your Buchanan County attorney.

At the Peters Law Offices, James T. Peters will sit down with you and review your finances. He will take into account everything you have coming in and everything you have going out, as well as where you live and other exceptions that may qualify you. He thoroughly examines your situation to determine whether or not you qualify for Chapter 7 bankruptcy.

If you do qualify, our talented team will look at your current circumstances and evaluate whether you should file right away. We want you to be financially stable before you file so that you do not end up in debt again. We will help you plan for that stability and the timing of your filing.

If you do not qualify, we will not charge you for our services and we will direct you to a Chapter 13 bankruptcy lawyer who can help you.

Chapter 7 Qualifications Independence, Iowa, Attorney

When you are filing for bankruptcy, you will need the following things:

  • Six months of pay stubs
  • The last two to three years of your tax returns
  • A copy of your current credit report (if you don't have one, we will run one)
  • A list of your creditors
  • Our bankruptcy form

We will review all of this with you and help you gather any further information you will need.

Bankruptcy And Your Personal Property

Many people are afraid they will lose whatever they still have. This is not true. The property exemptions for Chapter 7 bankruptcy are fairly generous. We will look at your property to plan for what may be affected by bankruptcy and evaluate all options to prevent losses.

We offer a reasonable flat rate attorney fee for our bankruptcy representation throughout the legal process. We are always available to answer your questions. We are dedicated to your success.

Contact The Peters Law Offices

To schedule your free initial consultation with James T. Peters, please call us at 319-332-2003 or send us an email. We are available for appointments during our normal office hours of 9 a.m. to 4:30 p.m., and we stay open late on Thursday evenings and offer appointments on Saturdays to accommodate your busy schedule. We accept credit cards and various approved legal plans.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.


The Peters Law Offices has locations in Independence and Vinton, Iowa, and also serves clients in Manchester, Oelwein, Cedar Falls, Waterloo, Jesup, Winthrop, Walker, Urbana, Hazleton, Brandon, Shellsburg, La Porte City, Cedar Rapids, West Union and Fayette, as well as in
Buchanan County, Delaware County, Black Hawk County, Linn County, Benton County and Fayette County and throughout the Cedar Valley.