Our Idaho bankruptcy attorneys should know what to do if Chapter 7 isn't right for you
During your free consultation with our Idaho bankruptcy attorneys, you should be able to tell them all the details of your current financial situation. This information will help them better outline your options and make recommendations for your next move.
Our Idaho bankruptcy attorneys should explain that if you are under a mountain of debt but you do have a job or some other source of regular income, a Chapter 7 case may not be right for you. Instead, our Idaho bankruptcy attorneys may wish to file a Chapter 13 filing to liquidate the majority of your debts and provide you with a reasonable plan in which you may repay the rest. The Idaho bankruptcy attorneys who sponsor Total Bankruptcy have extensive experience in filing all types of cases. For this reason, you should depend on them taking the actions that are the best for you.
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Couer D' Alene
Serving: Benewah Bonner Boundary Kootenai Shoshone 2101 Lakewood Drive Couer D' Alene, ID 83814 Map | Directions | Case Evaluation |
Idaho Falls
770 S Woodruff Idaho Falls, ID 83401 Map | Directions | Case Evaluation |
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Idaho Falls
770 S Woodruff Services all of Eastern Idaho Idaho Falls, ID 83401 Map | Directions | Case Evaluation |
Orofino
P O Box 1016 Orofino, ID 83544 Map | Directions | Case Evaluation |
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A Chapter 13 case may begin with your bankruptcy attorneys preparing and filing your bankruptcy petition. In your petition, you may be required to list certain personal information about yourself, your spouse, and your family, and you should set forth all of your income, your property (assets), your expenses, and all debts (liabilities). Additionally, you should select the specific exemptions to which you are entitled.
Shortly after you file your petition, the bankruptcy court clerk should send a notice of your bankruptcy case to all of the creditors listed in your petition. After that, your case should be assigned to a bankruptcy trustee, who should review your case. The bankruptcy court should also issue an Automatic Stay order. This order prohibits your creditors from collecting their debts from you, from repossessing your car or other property, and from starting or continuing any legal actions against you.
Your repayment plan is an agreement between you and your creditors in which your creditors agree to forgive a portion of your debts to them in exchange for your commitment to repay your reduced debts over time. Most plans require you to make monthly payments to the bankruptcy trustee - a federal official who is appointed by the court to oversee your case - who in turn makes distributions to your creditors. Typically, your repayment plan should last from three to five years.
While you may be making payments under a repayment plan, your creditors should not take any collection actions against you, and they are required by law to abide by the terms of your repayment plan.
If you would like to know more about Chapter 13 and your other legal options, simply dial our toll free number, (877) 349-1309. You can also fill out our secure online case evaluation form with a few details about your situation. All information is kept strictly confidential. One of our experienced professionals should contact you at the convenient time you schedule to provide a free, no-obligation consultation.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.