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Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...
In bankruptcy court filings True Value said it has between $500 million and $1 billion in liabilities. True Value has central Iowa locations in West Des Moines, Grimes, Indianola, Madrid and Huxley.
A federal court dismissed a home development company's bankruptcy case because the owners failed to submit necessary financial documents, leaving the future of properties in several Iowa cities ...
Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.
An Iowa Big Lots store will join a list of more than a hundred locations set to shutter their doors shortly after the retailer filed for bankruptcy protection.
Jurisdiction: (1) Federal court jurisdiction, administration and management; (2) Rules of evidence and procedure; (3) Creation of new courts and judgeships; (4) Bankruptcy; (5) Legal reform and liability issues; (6) Local courts in territories and possessions.
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