Chapter 13
Idaho Chapter 13 Bankruptcy
If you are facing a foreclosure, repossession, or income tax problems then chapter 13 bankruptcy may be your best option. Idaho chapter 13 bankruptcy allows those in a higher income level to restructure debts and maintain the assets they wish to keep. Chapter 13 bankruptcy is an attractive option because in most situations we are able to eliminate a second mortgage.
Boise bankruptcy attorneys helping individuals make a financial plan
Bankruptcy LawThrough a Chapter 13 bankruptcy, you can pay debts in installments over a period of three to five years under a court-ordered repayment plan. Filed individually or jointly with your spouse, Chapter 13 bankruptcy gives you a fresh financial start. Like a consolidated loan, you make payments to a trustee who distributes the money to your creditors and thereby allows you to avoid further direct contact with your creditors. Your creditors must immediately stop collection efforts, including the harassing letters and phone calls, once you have filed for bankruptcy.
Avoid home foreclosure
One of the many advantages of filing for Chapter 13 is that you can save your home from foreclosure. An automatic stay stops foreclosure from progressing as soon as you file your Chapter 13 petition. You are given the opportunity to cure delinquent mortgage payments over the course of the repayment period. The plan provides a reasonable schedule for bringing your past-due payments current so you can keep your home. Our attorneys incorporate our foreclosure knowledge to protect Idaho homeowners during the bankruptcy process.
Lowering debt payments and protecting co-debtors
Through your Chapter 13 plan, you can reschedule secured debts and pay them over the course of the repayment period, often at lower payments. You may also be able to protect co-signers of certain loans and avoid putting business partners and family members at risk of loss from your bankruptcy. The lawyers at Peterson Zeyer Law perform a complete analysis of your financial situation to strategize your best filing options.
Call for a FREE Consultation
Call Peterson Zeyer Law at 208.433.9882 or contact us online to schedule your FREE bankruptcy consultation. Consultations are available in Boise, Nampa, and over the phone.
If you are facing a foreclosure, repossession, or income tax problems then chapter 13 bankruptcy may be your best option. Idaho chapter 13 bankruptcy allows those in a higher income level to restructure debts and maintain the assets they wish to keep. Chapter 13 bankruptcy is an attractive option because in most situations we are able to eliminate a second mortgage.
Boise bankruptcy attorneys helping individuals make a financial plan
Bankruptcy LawThrough a Chapter 13 bankruptcy, you can pay debts in installments over a period of three to five years under a court-ordered repayment plan. Filed individually or jointly with your spouse, Chapter 13 bankruptcy gives you a fresh financial start. Like a consolidated loan, you make payments to a trustee who distributes the money to your creditors and thereby allows you to avoid further direct contact with your creditors. Your creditors must immediately stop collection efforts, including the harassing letters and phone calls, once you have filed for bankruptcy.
Avoid home foreclosure
One of the many advantages of filing for Chapter 13 is that you can save your home from foreclosure. An automatic stay stops foreclosure from progressing as soon as you file your Chapter 13 petition. You are given the opportunity to cure delinquent mortgage payments over the course of the repayment period. The plan provides a reasonable schedule for bringing your past-due payments current so you can keep your home. Our attorneys incorporate our foreclosure knowledge to protect Idaho homeowners during the bankruptcy process.
Lowering debt payments and protecting co-debtors
Through your Chapter 13 plan, you can reschedule secured debts and pay them over the course of the repayment period, often at lower payments. You may also be able to protect co-signers of certain loans and avoid putting business partners and family members at risk of loss from your bankruptcy. The lawyers at Peterson Zeyer Law perform a complete analysis of your financial situation to strategize your best filing options.
Call for a FREE Consultation
Call Peterson Zeyer Law at 208.433.9882 or contact us online to schedule your FREE bankruptcy consultation. Consultations are available in Boise, Nampa, and over the phone.
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Free ConsultationDuring the free consultation with Mr. Peterson or Mr. Zeyer, you will talk about your specific situation and options. Mr. Zeyer will also explain the steps to more your case forward. You will be provided a bankruptcy packet to fill out and return to our office. We will open a file for you and you can then start refer your creditors to our office.
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Petition Preparation & Review Our office will prepare all the legal documents in preparation to your filing. We will work closely with you to make sure we have everything correct and up to date.
When your petition is done we will set up an appoint, again with Mr. Peterson or Mr. Zeyer, to review and sign your petition. We will also prepare you for the meeting of creditors. After your petition is signed, you will be ready to file and a filing date will be selected. Your bankruptcy will be filed on the date selected and you will receive a case number. |
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Meeting of CreditorsAs part of the bankruptcy process, you are required to attend the Meeting of Creditors. Some people call this meeting “Bankruptcy Court” but it is not held in a courtroom or in front of a judge. The Meeting of Creditors is held about 30 days after the filing date and Mr. Peterson and Mr. Zeyer will attend this meeting with you.
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Debtor Education CourseJust like the Bankruptcy Counseling Class the bankruptcy code requires a second course called the Debtor Education Course. Once you have filed and have received a bankruptcy case number you are able to complete this course. Once the debtor education course is done, call our office to make sure we have a copy of the certificate of completion. We will file this certificate with the bankruptcy court and you are done.
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