Bankruptcy

Bankruptcy

Renowned Boise, Idaho Bankruptcy Attorneys Explain Your Options

Assisting clients with debt management in Boise, Eagle, Meridian, Nampa, Caldwell and Eastern Oregon

Today’s economic climate has affected everyone. Many individuals and families are struggling just to make ends meet and cannot keep up with their monthly obligations. All too often, people are weighed down by the enormity of their debt and see no end in sight. For some individuals and businesses, bankruptcy may be the best option.

From our offices in Boise and Eagle, we at Martelle, Bratton & Associates, P.A. represent clients in consumer bankruptcy in southwestern Idaho and Malheur County, and clients in complex and business bankruptcy throughout all of Idaho. We take pride in helping those under crushing financial burdens solve their debt problems through Chapter 7, Chapter 11 and Chapter 13 bankruptcy.

Understanding bankruptcy

People file bankruptcy for many different reasons. Entering into bankruptcy can help you save a home that is in the process of foreclosure, provide tax relief and sometimes even eliminate tax debt completely. Bankruptcy can also eliminate or restructure your unsecured debt, such as credit cards, personal loans and medical bills. Whatever the reason, if you are considering bankruptcy in Idaho, it is important that you understand the different types of bankruptcy.  Most consumers look to file either a Chapter 7 or Chapter 13 bankruptcy, whereas a business bankruptcy may be accomplished through Chapter 7, 11 or 13. Every case is different, and each situation needs to be carefully evaluated to determine which chapter bankruptcy would be the most beneficial. At Martelle, Bratton & Associates, P.A., our Boise bankruptcy attorneys have in-depth experience handling the most straightforward bankruptcy procedures and the most sophisticated for individuals and businesses of all sizes. We would be happy to explore your various options with you at our Boise or Eagle office.

Chapter 7

Chapter 7 is a liquidation bankruptcy. It may provide relief from debt or stop an imminent foreclosure of your property. Chapter 7 is designed for people who simply don’t have enough income to pay even a portion of their debts and allows them to make a fresh start.

Chapter 11

Small businesses have special needs. If your business has debt problems, you may be able to reorganize under Chapter 11. Chapter 11 bankruptcy can buy you time to reorganize, without the pressure of having to make payments to creditors. It may allow you to obtain a levy release, save your business, stop lawsuits or prevent foreclosure.

 

Chapter 13

Chapter 13 is reorganization for individuals and small businesses. It allows you to save your assets and only pay a portion of your unsecured debt. It may also help you to stop foreclosure on a property and catch up on payments over a period of three to five years. It is important to discuss your options with a competent Boise bankruptcy lawyer before proceeding. The bankruptcy attorneys at Martelle, Bratton & Associates, P.A. can give you invaluable guidance.

Let a skilled bankruptcy attorney in Boise straighten out your financial situation

The decision to file bankruptcy should not be made lightly. For a lawyer who can clear a path toward financial daylight, call Martelle, Bratton & Associates, P.A at [ln::phone] or contact us online. We are available for no-obligation consultations to discuss whether bankruptcy is right for you Monday through Friday, 9 a.m. to 5 p.m., at our Boise or Eagle office. We serve clients throughout the state of Idaho, including Boise, Eagle, Idaho Falls, Pocatello, North Idaho, Twin Falls, Meridian, Nampa and Caldwell, as well as Malheur County, Oregon.