Chapter 7
Idaho Chapter 7 Bankruptcy
Do you want to stop garnishments or wage levies, wipe out all your unsecured debt and keep your house and car, then chapter 7 bankruptcy may be your best option. Idaho chapter 7 bankruptcy allows people who meet a certain income level to retain a limited number of assets and receive a full debt discharge. Chapter 7 bankruptcies can last 4-6 months.
Boise bankruptcy attorneys helping individuals and families find relief from debt
Sometimes situations beyond your control can profoundly impact your earning potential and lead to overwhelming debt. If you find yourself unable to pay your bills, you may want to consider filing for bankruptcy. Chapter 7 bankruptcy gives you and your spouse relief from debts. Once you have filed for bankruptcy, creditors must immediately stop collection efforts, including harassing letters and phone calls.
Means Test
To qualify for Chapter 7 bankruptcy relief, you must satisfy the court’s means test, which calculates your income and expenses compared to the median income in Idaho. If your income is above the means test and Chapter 7 bankruptcy is not an option for you, you may want to consider a chapter 13 bankruptcy. Peterson Zeyer Law will help you determine whether you are eligible for Chapter 7 bankruptcy and if it is your best solution for dealing with your debts.
Discharge of Debts
The experienced attorneys at Peterson Zeyer Law use more than 35 years of experience to help you determine which of your assets are eligible for exemption and negotiate with the trustee to preserve these assets from bankruptcy liquidation. Upon conclusion of the bankruptcy proceedings, the court grants a discharge of your debts.
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.
Do you want to stop garnishments or wage levies, wipe out all your unsecured debt and keep your house and car, then chapter 7 bankruptcy may be your best option. Idaho chapter 7 bankruptcy allows people who meet a certain income level to retain a limited number of assets and receive a full debt discharge. Chapter 7 bankruptcies can last 4-6 months.
Boise bankruptcy attorneys helping individuals and families find relief from debt
Sometimes situations beyond your control can profoundly impact your earning potential and lead to overwhelming debt. If you find yourself unable to pay your bills, you may want to consider filing for bankruptcy. Chapter 7 bankruptcy gives you and your spouse relief from debts. Once you have filed for bankruptcy, creditors must immediately stop collection efforts, including harassing letters and phone calls.
Means Test
To qualify for Chapter 7 bankruptcy relief, you must satisfy the court’s means test, which calculates your income and expenses compared to the median income in Idaho. If your income is above the means test and Chapter 7 bankruptcy is not an option for you, you may want to consider a chapter 13 bankruptcy. Peterson Zeyer Law will help you determine whether you are eligible for Chapter 7 bankruptcy and if it is your best solution for dealing with your debts.
Discharge of Debts
The experienced attorneys at Peterson Zeyer Law use more than 35 years of experience to help you determine which of your assets are eligible for exemption and negotiate with the trustee to preserve these assets from bankruptcy liquidation. Upon conclusion of the bankruptcy proceedings, the court grants a discharge of your debts.
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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Bankruptcy Counseling ClassThe bankruptcy code requires that you complete an online bankruptcy counseling course before you are able to file.
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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. |
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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