What is Bankruptcy?

Bankruptcy is a Federal Law (11 USC) created for the sole purpose of giving debt relief to individuals and businesses. Congress recognized that many people will run into financial difficulty throughout their life time so they created bankruptcy laws to protect them from their creditors. Congress understood that there will be many people who want to repay their creditors, but due to unforeseen hardships (i.e., divorce, high medical bills, loss of a job, etc) they simply cannot repay their creditors.

Who can qualify for Bankruptcy in Idaho?

The qualifications for bankruptcy in Idaho are such that nearly everyone qualifies for some form of bankruptcy (Chapter 7, Chapter 13, etc.). But not everyone needs to file bankruptcy. We frequently do not recommend bankruptcy to a portion of the people with whom we meet. Contact us today to find out whether you need to file at all!

What advice can a bankruptcy attorney give me?

  • Whether or not you should file bankruptcy
  • How to plan, if necessary, for the bankruptcy filing
  • The cost to file bankruptcy
  • The pros and cons of filing bankruptcy
  • Outline the bankruptcy process
  • What can be done to rebuild your credit after bankruptcy

When to Declare Bankruptcy in Idaho?

Bankruptcy is not right for everyone. Bankruptcy should be used only as a last resort. However, the question then becomes, “When is it a last resort?” We can help you answer this question. Our basic rule of thumb is if you repay your debts within a reasonable period of time AND still live a comfortable, stress free life then you should not file Bankruptcy. If you cannot, then bankruptcy should be a strong consideration.

Does Express Bankruptcy Services offer a Free Initial Consultation?

Yes. You will meet with a highly experienced bankruptcy lawyer during your first consultation. The first consultation is FREE and there is no obligation to file bankruptcy and no obligation to even hire us.

What are the Consequences of Bankruptcy?

Individuals and families that are considering bankruptcy are frequently concerned about the consequences bankruptcy may have on them. The first consequence is that your creditors will no longer be able to collect the debts due to an automatic stay. If you file a chapter 7 bankruptcy, you will not be able to file chapter 7 again for 8 years. While a bankruptcy will remain on your credit report for up to 10 years, that does not mean that you will not be able to obtain a loan during that period. Most debtors are able to begin rebuilding their credit within a few months after filing and your credit will continue to improve over time. Perhaps the most important bankruptcy consequence is that you get a fresh financial start.

To Begin a Fresh Financial Start, Contact Us Today