Consumer Bankruptcy Lawyers in Boise, Idaho

Find the right Consumer Bankruptcy attorney in Boise, ID

Bankruptcy is a legal procedure that allows an individual or business to have some or all of their debts discharged. It is typically considered as an option of last resort, because while it can stave off financial disaster, it has some substantial long-term consequences warranting careful consideration of the costs and benefits. Since it's a creation of federal law, bankruptcy is handled in federal courts. Therefore, the rules and procedures governing it in Idaho will be the same as everywhere else in the country. Distinct courts in Boise, Idaho will have some unique rules, however, so you should consult with a local lawyer before you file.

Chapter 7 Bankruptcy in Boise, Idaho

In Boise, Idaho, there are 2 commonly-used types of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves a liquidation of some of the debtor's assets, which pays off part of his or her debt. Once this is done, the remaining debt is excused. Fortunately for debtors, many forms of property are exempt from liquidation, including homes, vehicles, necessary personal items, and retirement accounts.

Once eligible assets are sold, and the proceeds turned over to the creditors, most remaining debt is absolved. However, some forms of debt cannot be discharged in bankruptcy, including student loans, taxes, child support, personal injury awards, and fines. If most of your debt in Boise, Idaho is not dischargeable, you may want to consider other options besides bankruptcy.

Chapter 13 Bankruptcy in Boise, Idaho

In Boise, Idaho, Chapter 13 is substantially different from Chapter 7. Chapter 13 may or may not be the best choice for you; this depends on the facts of your specific situation. Chapter 13 Bankruptcy involves a court setting up an altered payment plan, which allows the debtor to pay off most or all of his debts over an extended period of time, through monthly payments that should, assuming that the debtor is willing to make a few sacrifices, be manageable.

Which Type of Consumer Bankruptcy Should I File in Boise, Idaho

This depends entirely on the facts of your specific case. If you have a decent amount of stable income, and a large amount of non-exempt property which you don't want to part with, Chapter 13 may be the best option for you. If most of your property is exempt, and you don't have much stable income, Chapter 7 might be the best option.

In any case, you should talk with a local Boise, Idaho bankruptcy lawyer. Your lawyer can advise you of your options and inform you of their likely result. This will make it much easier for your to make an informed choice.

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Life in Boise

Boise City is the largest city between Salt Lake City, Utah and Portland, Oregon. When you add on that Boise City acts as the Ada County seat, you begin to understand what an attractive city it is. The Boise River Greenbelt attracts nature lovers and is home to outstanding bird watching during migratory seasons. The World Center for Birds of Prey is nearby and is playing an integral role in repopulating endangered Peregrine Falcon and California Condor populations. For a closer look at the wild, Julia Davis Park and Zoo Boise offer a wide range of animals, over 200 to be exact, including African animals such as lions.

Boise City enjoys a strong economy as a growing high-tech, transportation, and hub of company headquarters. WinCo Foods, BodyBuilding.com, Clearwater Analytics, and Albertsons all have headquarters and manufacturing facilities in Boise City. Relative to the national statistics, Boise City enjoys a very low unemployment rate. Since so many Boise residents are hard at work, the city also boasts shockingly low crime statistics.

Boise is a safe prosperous community in which Ada County operates its major inner workings like the legal system. Ada County Courts in Boise City are responsible for handling a wide variety of cases like child custody, wrongful termination, probate, and criminal cases. A qualified cast of lawyers live in Boise City as well. Boise City lawyers are knowledgeable of local courts and procedures. Lawyers in Boise City can work with you to determine your best course of action whether you're thinking about bankruptcy or filing a personal injury lawsuit.

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