Each state provides exemptions, property that cannot be taken to satisfy debt. Iowa and Nebraska exemptions differ considerably. Contact the office to discuss your personal situation. In the case of homes, vehicles and certain other secured transactions, you will generally have the option to reaffirm that debt. A reaffirmation is an agreement between you and the creditor for you to keep the item of property in issue and continue making payments. Although some creditors insist that you be current before they will enter into a reaffirmation agreement, many creditors will work out arrangements for you to catch up over time or will put the arrearages on the "back end". At the present time, some lenders are even negotiating better terms to make reaffirmation an attractive option.