Idaho Chapter 7 Bankruptcy Attorneys

Idaho Chapter 7 bankruptcy is the most comment, quickest and least expensive form of bankruptcy. Chapter 7 bankruptcy is sometimes call a liquidation or “straight” bankruptcy. That’s because the debtor’s property is divided into exempt and non-exempt property. All exempt assets will be retained by the debtor. The trustee potentially sells or liquidates any non-exempt assets and pays the proceeds to the debtor’s creditors. The debtor’s remaining unpaid debts are then discharged, with only a few exceptions. In essence, a chapter 7 bankruptcy is an exchange of non-exempt property for a discharge of your debt.

Exempt assets differ by jurisdiction. A qualified bankruptcy chapter 7 attorney with our firm can help you determine if you have any non-exempt assets. More importantly, our Idaho & Utah chapter 7 bankruptcy lawyers can give you the chapter 7 bankruptcy help you need to keep your assets.

How do I know if I should get Chapter 7 Bankruptcy Help?

If you are experiencing any of the following, you should get a Chapter 7 bankruptcy evaluation from one of our experienced attorneys:

• The loss of a job.
  You’ve fallen behind on some of your credit card payments.
• You’ve had unexpected medical debt that you can’t afford.
• Your credit card companies increased your minimum monthly payment and you can’t afford it.
• You’ve had to borrow money from “pay day” loan companies.
• You’ve reached or exceeded the limit on some of your credit cards.
• You’ve had to juggle credit card payments by using some credit cards to pay off other credit cards.
• You have trouble sleeping at night because you stress about making ends meet.
• You need money to pay your creditors so you’re thinking about borrowing from your 401-k retirement account or worse, taking out a home equity loan!
• You are having marital problems because you and your spouse argue about finances.

If any of the situations listed above sound familiar, it is time for you to consult with an experienced Utah Ch 7 bankruptcy attorney who can give you sound advice about whether you should file bankruptcy Chapter 7 or whether Chapter 13 might be better for you. Filing bankruptcy 7 may finally give you the relief that you need to once again enjoy life.