Process To File Bankruptcy In Idaho
Step 1 – Make the Decision to File for Chapter 7
If you are unable to meet your monthly obligations, then it’s time to consider filing bankruptcy. The first step in the process to file bankruptcy in is to consult with an experienced Idaho bankruptcy lawyer to determine if bankruptcy is right for you. While bankruptcy isn’t the best solution in every situation, when it is appropriate it offers significant relief. With a convenient case evaluation, our experienced bankruptcy lawyers can help you determine if filing for bankruptcy is appropriate in your situation. Schedule a free initial consultation today!
Step 2 – Pre-Bankruptcy Filing Steps
Once you retain our office, we help you gather all of the information needed to prepare and file your bankruptcy petition. Once your bankruptcy petition is filed with the court, an automatic stay goes into effect. The automatic stay prevents your creditors from legally taking any collection action against you–including garnishment, repossession, foreclosure, or collection calls–or any of your property. Violations of the automatic stay subject creditors to substantial penalties. If your situation involves an emergency, such as an imminent foreclosure, garnishment, or repossession then a bankruptcy filing can usually be done the same day of your initial consultation with our office. In an emergency matter, we help you file the minimum required paperwork to open a case and then file the remaining paperwork within fourteen days.
Step 3 – Attend the Meeting of Creditors
Within 4-6 weeks after filing your bankruptcy petition, together we will attend a meeting with the bankruptcy trustee called the 341 Meeting of Creditors. The 341 meeting is routine and the majority of the time your time with the trustee lasts a mere five to ten minutes. Prior to the meeting of the creditors our clients receive information detailing the typical questions asked by the truste and all the required documents to bring, so they are well prepared.
Step 4 – Complete the Debtor Education Course
There is a second course called the Debtor Education Course that must be completed after the case has been filed. The case will close without a discharge unless this case is completed.
Step 5 – Discharge & Case Closure:
Usually around 60 to 90 days after the Meeting of Creditors, the court will issue an order a discharge of your debts. In a typical case, the discharge takes place approximately four to five months after filing the bankruptcy case.
Free Convenient Bankruptcy Consultation
Take the first step today and schedule a free bankruptcy consultation.
Areas We Serve
Meridian, Idaho 83642
Lehi, Utah 84043