5 Steps to filing a Chapter 7 Bankruptcy in CDA IDAHO
Need to File Idaho Bankruptcy?
Here are the 5 steps to filing bankruptcy in CDA Idaho
Having an experienced Bankruptcy attorney could save you time and LOTS of money and even your home.
Filing Chapter 7 Bankruptcy in Idaho starts with a phone call to set you up with a FREE & CONFIDENTIAL Chapter 7 Bankruptcy consultation at our convenient location downtown Coeur d'Alene, Idaho serving Post Falls, Rathdrum, Wallace, Sandpoint, and all-over North Idaho. Your Coeur d'Alene Bankruptcy lawyer.
Call and schedule a free consultation. Sit down with our experienced Bankruptcy attorney and get the debt relief options you need to make the best decision for you and your family regarding filing bankruptcy in Idaho.
Get a Free Consultation for your Chapter 7 Bankruptcy in CDA Idaho
We'll explain how bankruptcy works and your benefit, and what you can expect out of our services. Our law firm is here to guide you through federal bankruptcy exemptions, Bankruptcy Courts, and Bankruptcy filing by following the local rules and provide sound legal advice.
You'll get a detailed step-by-step breakdown of how filing Chapter 7 Bankruptcy works and your total cost and filing fee.
Our fee is a flat fee agreement, which means you are not expected to pay a penny more through the Bankruptcy process. This gives you the comfort of knowing exactly how much your Chapter 7 bankruptcy will cost. The fee in installments can be paid, and you receive the help of our experienced Bankruptcy attorney. We focus on our attorney-client relationship and help guide you under your circumstances.
This is a confidential and completely Free Bankruptcy Consultation with no obligation to file. In other words, get the information so that you can make the best possible decision for you and your family.
The best part is you can stop those pesky calls and refer your creditors to your attorney. We'll handle it from there.
Be sure to gather the papers; we'll need to prepare your bankruptcy and complete your credit counseling and debtor education course.
We make the information gathering phase as simple as possible. We send you a questionnaire, fill out the survey, and get us most of the information you need. We will guide you by pulling your credit reports and gather your bills. We are with you every step of the way.
You will also need to take a credit counseling course. The course takes a little bit over an hour each and is completed on a computer. Don't have a computer? No problem, come into our office in Coeur d'Alene, Idaho, to use one of ours.
Your filing appointment and filing
Once we have the Bankruptcy forms required and have finished paying your retainer, we can file your case. The Bankruptcy filing fee can be set up in three installments, with the first payment due thirty days after you file. This is a final appointment in our office in Coeur d'Alene, Idaho, to review the Bankruptcy forms with you, revise if need be, and file with the court.
When your case is recorded and filed with the court, the court issues a court order called the "automatic stay" that bars creditors from doing anything to collect a debt from you.
What you can expect after filing Chapter 7 Bankruptcy, when it pertains to creditors:
· They can't sue you
· They can't garnish your wages
· They can't repossess your belongings
· They can't foreclose your property
Your creditors will have to leave you be after the case is recorded with the court. Creditors can't even talk to you, and they certainly can't harass you.
Meeting with Chapter 7 Trustee: 341 Hearing - What to expect.
After we file bankruptcy and record the filing with the courts, a 341 Hearing is called. This hearing is intended to allow creditors to ask you questions. You will need a form of identification and social security card.
Is this meeting merely a formality, and many creditors don't show up for the meeting. If in the unlikely chance that creditors show up, it's only to ask you questions.
Why?
Bankruptcy protection is powerful, and the creditors know there is not much they can do. Back in the day, Sears would show up and ask for their vacuum back. Nowadays, that does not happen anymore. This protects your personal property.
In most cases, this meeting is for the Trustee to ask you questions under oath.
The Trustee's job is to:
· Review the schedules filed in your case
· Examine to make sure that you are who you say you are
· That you read the Chapter 7 Bankruptcy petitions
· You understand the Chapter 7 Bankruptcy petitions
· That you signed the Chapter 7 Bankruptcy petitions
In many cases, that happens at this meeting; it usually lasts less than 5 minutes.
We'll have your side along the process, and if there is anything that needs tending to, we are right there with you.
Most of our clients find that the 341 meeting is simple and not stressful. The main reason is we are there with them, and they are prepared.
Personal Financial Classes
After the 341 meetings, you need to complete a financial management course.
Don't worry; you will have a little over a month to do it. This takes about 2 hours and is all done online.
Remember, if you do not have a computer, you can come to our office in Coeur d'Alene to use one of ours.
Many clients find it gives them useful information for their future and is enjoyable.
DISCHARGE or Relief of Debt
About three months after filing your Chapter 7 Bankruptcy case, the court issues your discharge to most of your unsecured debts.
The discharge is the court order that your liability to pay your creditor is gone.
That means you no longer have to worry about paying the bad debt for your unsecured debt.
This action even forbids creditors from attempting to collect. This includes personal loans, credit cards, some tax debts, and medical bills.
WHAT YOU NEED TO REMEMBER ABOUT CHAPTER 7 BANKRUPTCY
Chapter 7 bankruptcy does remove the following:
· Unsecured Debts
· Medical Bills
· Credit Cards
The preceding steps assume that everything in your case proceeds as initially planned and anticipated, which is almost always the case.
With our experience, we know how to help guide you with filing Chapter 7 Bankruptcy in Idaho. We are local in Coeur d'Alene and here to help you through every step!
Call for your FREE & CONFIDENTIAL Chapter 7 Bankruptcy consultation at our law firm conveniently located downtown Coeur d'Alene, Idaho serving Post Falls, Rathdrum, Wallace, Sandpoint, Moscow, Wallace, Lewiston, and all-over North Idaho.