Proactive Idaho Chapter 13 Attorneys Restore Your Financial Stability
Walking you through the process from our Boise law firm
If you’ve been struggling with debt, there may be hope for a better future. A Chapter 13 bankruptcy may help you get your finances back in order and restore some much-needed stability. In order to understand the details of how the process works and whether it is right for you, consult with a reliable Idaho bankruptcy lawyer. At Boise law firm Martelle, Bratton & Associates, P.A., we’re committed to providing high-quality, proactive service to clients considering Chapter 13 bankruptcy.
What is Chapter 13 bankruptcy?
Chapter 13 bankruptcy is a legal option available in Idaho to reorganize debts and liabilities. It is suitable for individuals with a regular income who are unable to meet their debt obligations. Chapter 13 bankruptcy stops collection activity against you and provides a period of stability during which a plan of repayment can be constructed and proposed.
Chapter 13 bankruptcy offers many people an opportunity to repay a portion of their debt while using various options to restructure their obligations. This reorganization is available for individuals and in certain business bankruptcies. A Chapter 13 bankruptcy may allow you to remove a second mortgage on your house, bring down the value of a secured debt to the value of the collateral and repay your IRS priority taxes. Many taxes are also discharged in Chapter 13. Bankruptcy exemptions protect certain assets, and our attorneys can analyze your specific case and explain your rights. Filing for bankruptcy is no small matter, and it is highly recommended that you discuss all alternatives, such as Chapter 7 bankruptcy, with a competent bankruptcy attorney before making a decision.
How do I file Chapter 13 bankruptcy in Boise, Idaho?
Filing a Chapter 13 bankruptcy involves completing various documents disclosing your assets, liabilities and current monthly income. Our bankruptcy attorneys in Boise, Idaho are experienced in handling the most complex Chapter 13 cases. Once your case is filed, you must attend a short hearing, accompanied by your lawyer, to answer questions related to your financial affairs. Our attorneys meet with you ahead of time to prepare you for the types of questions you can expect to hear. The trustee and your attorney work out a repayment plan to submit to the bankruptcy court for approval.
Chapter 13 bankruptcy can stop a foreclosure proceeding and may also provide an opportunity for you to arrange a workout or modification agreement with your lender. Chapter 13 bankruptcy can relieve you of your outstanding unsecured medical bills and credit card debt if you complete the agreed upon plan payments. If you are facing the threat of an IRS levy or wage garnishment, or if your income can no longer support your debt obligations, you need to seek the advice of a competent attorney. At Martelle, Bratton & Associates, P.A., our knowledgeable bankruptcy attorneys can help you make the right decision.
Contact a dedicated Boise Chapter 13 bankruptcy attorney
Filing for Chapter 13 bankruptcy requires careful consideration and sage advice. For a bankruptcy attorney you can rely on for sound counsel, call Martelle, Bratton & Associates, P.A. at 208-938-8500 or contact us online. We are available for no-obligation consultations in Boise and Eagle, Monday through Friday, 9 a.m. to 5 p.m. 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.