At Foley Freeman, PLLC, our Meridian Chapter 13 bankruptcy lawyers have the professional experience that you can rely on. Chapter 13 bankruptcy is a reorganization bankruptcy. It might be the best solution for your situation if you are dealing with financial challenges. If you have questions about the Chapter 13 bankruptcy process, we are here as a resource. Contact our Meridian bankruptcy lawyer today for your confidential consultation. 

What to Know About Chapter 13 Bankruptcy in Meridian, Idaho 

Chapter 13 bankruptcy is a reorganization bankruptcy for individual filers. The process can be used to help people reorganize debt through a structured repayment plan that lasts three to five years. It works well for people who earn too much for Chapter 7 or who need to protect assets that would be vulnerable in the Chapter 7 liquidation process. 

To file for Chapter 13 bankruptcy in Meridian, you will need a detailed budget and a proposed plan that shows how disposable income will be used to pay secured creditors, priority claims, and a portion of unsecured debts. The court and trustee review the plan for feasibility and good faith. Once confirmed, the plan gives you time to resolve your debts and get back to financial stability. 

How Our Meridian Chapter 13 Bankruptcy Attorney Can Help

Considering filing for Chapter 13 bankruptcy protection? A proactive approach is a must. At Foley Freeman, PLLC, we are here to help you navigate each and every step of the legal process. You can learn more about the firm and get started on your case right away. When you reach out to us, you will connect with a Meridian Chapter 13 bankruptcy attorney who can: 

  • Listen to your story and answer questions about Chapter 13 bankruptcy;
  • Gather and prepare all supporting documents and records; 
  • Handle the Chapter 13 bankruptcy petition and all filing requirements; and
  • Develop a strategy focused on helping you get the best possible outcome. 

Chapter 13 Bankruptcy in Meridian: Frequently Asked Questions (FAQs)

How long does a Chapter 13 repayment plan last?

In Idaho, Chapter 13 repayment plans last three to five years, depending on your income level. The amount that you will have to pay varies based on case-specific factors, most notably your income. The court requires you to commit all disposable income during that period.

Can Chapter 13 stop a foreclosure of my home?

Yes. At least for the time being. Filing for Chapter 13 bankruptcy protection triggers the automatic stay. During that time, you can start to catch up on your past-due mortgage. 

Contact Our Meridian, ID Chapter 13 Bankruptcy Lawyer Today

At Foley Freeman, PLLC, our Meridian Chapter 13 bankruptcy attorney has extensive experience helping clients solve problems. Have any questions about Chapter 13 bankruptcy, we are here to help. Contact us today for a completely confidential, no obligation case evaluation. We provide Chapter 13 bankruptcy representation in Meridian and throughout the wider region.