Chapter 13 Bankruptcy

While many people are eligible to file Chapter 7 bankruptcy, Chapter 13 bankruptcy is sometimes a more suitable option for those individuals who earn more than a median income.

Our goal at Idaho Bankruptcy Law is to help our clients find the most effective debt relief solution possible in their financial circumstances. Led by founding lawyer Paul N. J. Ross, our Burley bankruptcy law firm offers helpful and honest legal advice and skillful representation to individuals and business owners throughout Southern Idaho.

Reorganizing Your Debt, Reclaiming Your Financial Life

Chapter 13 bankruptcy, sometimes called reorganization bankruptcy or rehabilitation of debt, is a type of bankruptcy that allows individuals to reorganize their debt into a more manageable repayment plan — allowing them to keep their possessions and pay only a percentage of their total debt to their creditors.

This type of bankruptcy is for individuals who have the means to keep paying on their debt. When you consult with Idaho Bankruptcy Law, our Burley Chapter 13 bankruptcy attorney will help you determine whether or not you qualify to file for Chapter 13 bankruptcy, according to the Idaho means test.

Like in a Chapter 7 bankruptcy, as soon as you file for Chapter 13 bankruptcy, an “automatic stay” goes into effect that will:

  • Stop creditor phone calls and other harassment
  • Stop home foreclosure
  • Stop repossessions
  • Stop garnishments
  • Stop liens
  • Stop creditor lawsuits

 

Unlike a Chapter 7 bankruptcy that may conclude in as little as six months, a Chapter 13 bankruptcy repayment plan will span over the course of three to five years, depending on your financial circumstances. If an individual is unable to keep up with the court-mandated plan that is overseen by a bankruptcy trustee, the bankruptcy may be dismissed by court or turned into a Chapter 7 bankruptcy.

We urge you to consult with Idaho Bankruptcy Law today to learn more about Chapter 13 bankruptcy. During friendly and confidential consultations, our lawyer will help you understand the bankruptcy process and how it will affect your life. If you decide to file, we will carefully walk you through the process and make sure your best interests are protected along the way.

Learn more about Chapter 13 bankruptcy and get answers to your bankruptcy questions.

Call Our Idaho Debt Discharge Attorney Today

We invite you to contact Idaho Bankruptcy Law at 208-219-7997 to schedule a free initial phone consultation regarding your Chapter 13 bankruptcy needs. Our law office hours are Monday through Friday, from 8 a.m. to 5 p.m. and evening and weekend appointments by special request. We are able to make home calls or appointments closer to your location. Spanish services available.