Iowa State Bankruptcy Laws

What Are The Iowa Bankruptcy Exemptions?

IowaIowa law protects all or a portion of your property from being seized by creditors or the bankruptcy trustee in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, you are generally allowed to keep all of your assets and property. Certain exceptions may apply, so it’s wise to consult with an Iowa bankruptcy attorney to find which of your assets will be protected in a bankruptcy filed in Iowa. In general, the major Iowa bankruptcy exemptions include:

GENERAL IOWA EXEMPTIONS
Real Estate (the Homestead Exemption)
½ acre including dwelling house (if in city); otherwise, 40 acres including dwelling house can be protected.A provision in the new bankruptcy law caps the homestead exemption at $125,000 if you have not lived in the state for at least 40 months prior to the time you file a bankruptcy petition. In some situations, the cap may be permanent. You should consult with a Iowa bankruptcy attorney for specific information.
Automobiles
There is no specific automobile exemption in Iowa.
Other Property
$1,000 worth of clothing; books, bibles, pictures, musical instruments, and paintings up to $1,000 in the aggregate; household furnishings, goods, and appliances up to $2,000 in the aggregate; implements, professional books, and tools of the trade of the debtor or a dependent of the debtor up to $10,000 in the aggregate; and for farmers, tools, equipment, and livestock up to $10,000 in the aggregate.
View the complete list of Iowa bankruptcy exemptions

In Iowa, you have the choice of electing the federal exemption statutes rather than the Iowa state exemptions. Consult with an Iowa bankruptcy attorney for more details.

Please remember that this page provides general information only, and is not intended to provide legal advice. The information is not a substitute for the advice of a qualified bankruptcy attorney. If you need legal assistance, consult an attorney.

Which state’s exemption laws apply in your bankruptcy?

IowaGenerally, the laws of the state in which you lived for the 730 days (2 years) prior to filing a bankruptcy petition will apply in your bankruptcy.

If you have not lived in the same state for the 2 years immediately prior to filing your bankruptcy petition, the laws of the state in which you lived for the majority of the 180-day period preceding the 2-year period will likely apply.

If application of the preceding general rules renders you ineligible for exemptions under any state’s laws, you may be allowed to choose the federal exemptions applicable in your bankruptcy.

Is Iowa a Community Property State?

No, Iowa is not a community property state. Because it is not a community property state, you will be responsible for your spouse’s debts only if you voluntarily assumed those debts by, for example, co-signing on a loan given to your spouse. In a non-community property state, one spouse can file for bankruptcy and be eligible to eliminate all of their unsecured debts without the involvement of the other spouse.

How did your senator vote on the new bankruptcy laws?

Following years of intense lobbying by creditors, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). How did your Senators vote on these largely pro-creditor provisions?

Grassley (R-IA) — YEA
Harkin (D-IA) — NAY

Iowa Bankruptcy Court Locations:

United States Bankruptcy Court
Northern District of Iowa

P.O. Box 74890
Cedar Rapids, IA 52407
(319) 286-2200

United States Bankruptcy Court
Northern District of Iowa

P.O. Box 3857
Sioux City, IA 51102-3857
(712) 233-3939

300 U.S. Courthouse Annex
110 East Court Ave Suite 300
Des Moines, Iowa 50309
(515) 284-6230

Note: You may not have to actually go to one of the above bankruptcy courts. Trustees often conduct your meeting at a local venue.

Although bankruptcy is federal law, the bankruptcy courts in each jurisdiction have local rules that must be followed. A local bankruptcy attorney will be familiar with the specific rules in your area.

Iowa Bankruptcy Attorney Locations:

Bankruptcy Attorneys in the state of Iowa

  1. Ankeny
  2. Atlantic
  3. Bettendorf
  4. Boone
  5. Burlington
  6. Carroll
  7. Cedar Rapids
  8. Charles City
  9. Coralville
  10. Council Bluffs
  11. Davenport
  12. Decorah
  13. Des Moines
  14. Dubuque
  15. Exira
  16. Fairfield
  17. Fort Dodge
  18. Glenwood
  19. Guthrie Center
  20. Hiawatha
  21. Independence
  22. Johnston
  23. Marshalltown
  24. Mason City
  25. Nashua
  26. Newton
  27. Ottumwa
  28. Sioux City
  29. Sumner
  30. Waterloo
  31. Webster City
  32. West Des Moines
  33. Williamsburg
Ankeny Payday Loans
Website Company Telephone Address
woodlaw.org Wood Law Office (515) 964-4277 Wood Law Office, 511 SW 3rd St, Ankeny, IA 50023, United States
Atlantic Payday Loans
Website Company Telephone Address
rnw.legal Rasmussen, Nelson and Wonio, PLC (712) 243-2413 Rasmussen, Nelson and Wonio, PLC, 23 W 5th St, Atlantic, IA 50022, United States
Bettendorf Payday Loans
Website Company Telephone Address
hatchlawqc.com Hatch Law Firm (563) 355-8846 Hatch Law Firm, 2535 Tech Dr UNIT 206, Bettendorf, IA 52722, United States
Boone Payday Loans
Website Company Telephone Address
jordanmahoney.com Jordan & Mahoney Law Firm PC (515) 432-4510 Jordan & Mahoney Law Firm PC, 615 Story St, Boone, IA 50036, United States
Burlington Payday Loans
Website Company Telephone Address
attorneyhansen.com Peter Hansen – Hansen Law Offices – Burlington, IA Lawyer (319) 752-5515 Peter Hansen – Hansen Law Offices – Burlington, IA Lawyer, 319 N Main St, Burlington, IA 52601, United States
Carroll Payday Loans
Website Company Telephone Address
sibbellawoffice.com Martha Sibbel Law Office (712) 775-2388 Martha Sibbel Law Office, 408 US-30, Carroll, IA 51401, United States
Cedar Rapids Payday Loans
Website Company Telephone Address
jmheckel.com Iowa Bankruptcy Attorney John M Heckel (319) 373-1989 Iowa Bankruptcy Attorney John M Heckel, 6221, 5250 N Park Pl NE #114, Cedar Rapids, IA 52402, United States
drpjlaw.com Day Rettig Martin, P.C. (319) 365-0437 Day Rettig Martin, P.C., 150 1st Ave NE #415, Cedar Rapids, IA 52401, United States
shortleylaw.com Rush M Shortley Attorney at Law (800) 592-1969 Rush M Shortley Attorney at Law, 1921 51st St NE, Cedar Rapids, IA 52402, United States
honglaw.com Hong Law, PLC (319) 294-5853 Hong Law, PLC, 425 2nd St SE #950, Cedar Rapids, IA 52401, United States
shuttleworthlaw.com Wesley B. Huisinga, Shuttleworth & Ingersoll (319) 365-9461 Wesley B. Huisinga, Shuttleworth & Ingersoll, 115 3rd St SE STE 500, Cedar Rapids, IA 52401, United States
krflawfirm.com Klinger Robinson & Ford LLP (319) 395-7400 Klinger Robinson & Ford LLP, 401 Old Marion Rd NE, Cedar Rapids, IA 52402, United States
howeslawfirmpc.com Howes Law Firm, P.C. | Jase Jensen (319) 396-2410 Howes Law Firm, P.C. | Jase Jensen, 3200 37th Ave SW #1, Cedar Rapids, IA 52404, United States
Charles City Payday Loans
Website Company Telephone Address
csskiltonlaw.com Cronin Skilton & Skilton, P.L.L.C (641) 228-3318 Cronin Skilton & Skilton, P.L.L.C, 1614 S Grand Ave, Charles City, IA 50616, United States
Coralville Payday Loans
Website Company Telephone Address
honglaw.com Hong Law, PLC (319) 354-1804 Hong Law, PLC, 845 Quarry Rd Ste 130, Coralville, IA 52241, United States
Council Bluffs Payday Loans
Website Company Telephone Address
bradforddavislaw.com The Law Offices of Bradford Davis (712) 325-1400 The Law Offices of Bradford Davis, 421 W Broadway #306, Council Bluffs, IA 51503, United States
meldrumbensonlaw.com Meldrum Jr Clarence B (712) 328-3020 Meldrum Jr Clarence B, 10 S 4th St, Council Bluffs, IA 51503, United States
Davenport Payday Loans
Website Company Telephone Address
brookslawfirmpc.com Brooks Law Firm (563) 326-4900 Brooks Law Firm, 3425 E Locust St UNIT 201, Davenport, IA 52803, United States
oflaherty-law.com O’Flaherty Law of Davenport (563) 503-6910 O’Flaherty Law of Davenport, 201 W 2nd St Ste. 400A, Davenport, IA 52801, United States
Decorah Payday Loans
Website Company Telephone Address
millerlawdecorah.com Miller Pearson Gloe Burns (563) 382-4226 Miller Pearson Gloe Burns, 301 W Broadway St, Decorah, IA 52101, United States
Des Moines Payday Loans
Website Company Telephone Address
thompsonlawoffice.net Nancy L. Thompson Law Office, P.C. (515) 875-4850 Nancy L. Thompson Law Office, P.C., 309 Court Ave #217, Des Moines, IA 50309, United States
iowa-bankruptcylaw.com Jankins Law Firm (515) 255-1855 Jankins Law Firm, 700 2nd Ave Ste 103, Des Moines, IA 50309, United States
iowachapter7.com Kevin Ahrenholz (877) 888-1766 Kevin Ahrenholz, 309 Court Ave, Des Moines, IA 50309, United States
uprightlaw.com UpRight Law (877) 927-5451 UpRight Law, 901 Thomas Beck Rd #203, Des Moines, IA 50315, United States
jacksonlawiowa.com Law Office of Randall L. Jackson (515) 244-3188 Law Office of Randall L. Jackson, 315 E 5th St Suite 5, Des Moines, IA 50309, United States
desmoines-lawyer.com The Law Office of Tod J. Beavers, P.C. (515) 875-4812 The Law Office of Tod J. Beavers, P.C., 309 Court Ave #201, Des Moines, IA 50309, United States
cossittlaw.com James H Cossitt PC (406) 752-5616 James H Cossitt PC, 2015 Grand Ave # 200, Des Moines, IA 50312, United States
bankruptcyia.com Austen Law Office, PLLC (515) 635-1656 Austen Law Office, PLLC, 3209 Ingersoll Ave Suite 112, Des Moines, IA 50312, United States
bradshawlaw.com Goetz Jeffrey D (515) 243-4191 Goetz Jeffrey D, 801 Grand Ave #3700, Des Moines, IA 50309, United States
Dubuque Payday Loans
Website Company Telephone Address
gkramerlaw.com Reynolds & Kenline: Gina L. Kramer (563) 581-4247 Reynolds & Kenline: Gina L. Kramer, 110 E 9th St, Dubuque, IA 52001, United States
henkelsbaker.com Henkels & Baker PC (563) 556-4060 Henkels & Baker PC, 2774 University Ave Ste G Suite G, Dubuque, IA 52001, United States
kintzlaw.com Kintzinger, Harmon, Konrardy, PLC (563) 588-0547 Kintzinger, Harmon, Konrardy, PLC, 100 W 12th St, Dubuque, IA 52001, United States
Exira Payday Loans
Website Company Telephone Address
rnw.legal Rasmussen, Nelson and Wonio, PLC (712) 268-5357 Rasmussen, Nelson and Wonio, PLC, 112 W Washington St, Exira, IA 50076, United States
Fairfield Payday Loans
Website Company Telephone Address
liptaklaw.com Liptak Law Office (641) 209-6187 Liptak Law Office, Robert J. Liptak, Attorney, 1890 185th St, Fairfield, IA 52556, United States
noyeslawoffice.com Noyes Law Offices, P.C. (641) 472-3236 Noyes Law Offices, P.C., 104 N Main St, Fairfield, IA 52556, United States
Fort Dodge Payday Loans
Website Company Telephone Address
walkerlawia.com Walker Law Office, P.C. (515) 576-0671 Walker Law Office, P.C., 320 S 12th St, Fort Dodge, IA 50501, United States
Glenwood Payday Loans
Website Company Telephone Address
weberinglaw.com James C. Webering Attorney at Law (712) 527-3326 James C. Webering Attorney at Law, 211 N Locust St, Glenwood, IA 51534, United States
Guthrie Center Payday Loans
Website Company Telephone Address
wbslawoffices.com Wild, Baxter & Sand Law Offices (641) 332-2900 Wild, Baxter & Sand Law Offices, 105 S 4th St, Guthrie Center, IA 50115, United States
Hiawatha Payday Loans
Website Company Telephone Address
ablsonline.com Ag & Business Legal Strategies (319) 363-1641 Ag & Business Legal Strategies, 1350 Boyson Rd Suite B, Hiawatha, IA 52233, United States
Independence Payday Loans
Website Company Telephone Address
jtplawoffice.com Peters and Longmuir, PLC (319) 334-9992 Peters and Longmuir, PLC, 309 1st St E # 1, Independence, IA 50644, United States
Johnston Payday Loans
Website Company Telephone Address
bankruptcydesmoinesiowa.com Lisa K. Pendroy | Iowa Bankruptcy and Criminal Defense Attorney (515) 963-9440 Lisa K. Pendroy | Iowa Bankruptcy and Criminal Defense Attorney, 6165 NW 86th St, Johnston, IA 50131, United States
Marshalltown Payday Loans
Website Company Telephone Address
boliverlaw.com Gail E. Boliver (641) 752-7757 Gail E. Boliver, 2414 S 2nd St, Marshalltown, IA 50158, United States
Mason City Payday Loans
Website Company Telephone Address
esserandisaacsonlaw.com Esser & Isaacson Law Office (641) 423-2633 Esser & Isaacson Law Office, 23 3rd St NW, Mason City, IA 50401, United States
Nashua Payday Loans
Website Company Telephone Address
csskiltonlaw.com Cronin Skilton & Skilton, P.L.L.C (641) 435-2462 Cronin Skilton & Skilton, P.L.L.C, 205 Brasher St, Nashua, IA 50658, United States
Newton Payday Loans
Website Company Telephone Address
ottolawyers.com Otto Law Office, PLLC (641) 792-7000 Otto Law Office, PLLC, 123 W 2nd St N, Newton, IA 50208, United States
Ottumwa Payday Loans
Website Company Telephone Address
southiowalaw.com Orsborn, Mitchell, Goedken & Larson, P.C. (641) 682-5447 Orsborn, Mitchell, Goedken & Larson, P.C., 110 3rd St E, Ottumwa, IA 52501, United States
Sioux City Payday Loans
Website Company Telephone Address
siouxcitybankruptcy.com Martha M McMinn (712) 277-2006 Martha M McMinn, 705 Douglas St, Sioux City, IA 51101, United States
siouxlandlaw.com Craig H. Lane, PC (712) 255-8558 Craig H. Lane, PC, 505 5th St #702, Sioux City, IA 51101, United States
siouxcitybankruptcyattorney.com Wil Forker Law Office (712) 314-5476 Wil Forker Law Office, 701 Pierce St #303, Sioux City, IA 51101, United States
craryhuff.com Crary Huff Law Firm (712) 277-4561 Crary Huff Law Firm, 329 Pierce St #200, Sioux City, IA 51101, United States
Sumner Payday Loans
Website Company Telephone Address
dillonlawpc.com Dillon Law (563) 578-1850 Dillon Law, 209 E 1st St, Sumner, IA 50674, United States
Waterloo Payday Loans
Website Company Telephone Address
sayerlaw.com The Sayer Law Group, P.C. (319) 234-2530 The Sayer Law Group, P.C., 925 E 4th St, Waterloo, IA 50703, United States
iowachapter7.com Ahrenholz Kevin (319) 433-0754 Ahrenholz Kevin, 620 Lafayette St # 300, Waterloo, IA 50703, United States
Webster City Payday Loans
Website Company Telephone Address
jordanmahoney.com Jordan & Mahoney (515) 835-7432 Jordan & Mahoney, 501 Bank St #2, Webster City, IA 50595, United States
West Des Moines Payday Loans
Website Company Telephone Address
not found Debt Help Iowa, PLC (515) 710-8156 Debt Help Iowa, PLC, 1200 Valley W Dr Suite 304-17, West Des Moines, IA 50266, United States
mathiaslaw.com Bankruptcy Attorney Jeff Mathias (515) 261-7526 Bankruptcy Attorney Jeff Mathias, 4800 Mills Civic Pkwy #218, West Des Moines, IA 50265, United States
iowabankruptcyattorney.net Miller Law Firm (515) 225-3333 Miller Law Firm, 974 73rd St STE 15, West Des Moines, IA 50265, United States
cutlerfirm.com Cutler Law Firm (515) 223-6600 Cutler Law Firm, 1307 50th St, West Des Moines, IA 50266, United States
Williamsburg Payday Loans
Website Company Telephone Address
theshaferlawoffice.com Shafer Law Office (319) 668-2565 Shafer Law Office, 204 W State St, Williamsburg, IA 52361, United States

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