We Handle All Types of Bankruptcy Cases in Boise

Are you or your business dealing with serious financial challenges? You are not alone. Bankruptcy may be the best path forward. Foley Freeman has been a leader in Idaho bankruptcy law for over 25 years, offering services for consumers and businesses in Chapter 7, 11, 12, and 13 bankruptcies. Bankruptcy attorney Patrick Geile is Chair of the Commercial Law & Bankruptcy Section of the Idaho State Bar, as well as a consistent presenter at annual bankruptcy seminars.

At Foley Freeman, PLLC, our Boise bankruptcy attorney has the knowledge, skills, and experience that you can rely on. We assist both debtors and creditors in bankruptcy, giving us a unique and valuable perspective on the bankruptcy process, which greatly benefits our clients. If you have any questions about bankruptcy law, we are here as a resource. Contact us today for a fully confidential consultation with a top-tier Boise bankruptcy lawyer. 

Your Trusted Bankruptcy Attorneys in Boise, ID

When you need experienced bankruptcy attorneys, our law firm is here to help. Our team has combined experience spanning decades of bankruptcy law practice. We are proudly serving clients in Boise, ID, and throughout the surrounding area. Our attorneys understand that filing for bankruptcy can feel overwhelming, but you don’t have to face it alone.

We provide legal services designed to protect your best interests and secure a better financial future. Our experienced bankruptcy lawyers work with individuals and businesses throughout Idaho, including Southern Idaho and Malheur County. Each client receives personalized attention from attorneys who are problem solvers at heart. We take time to understand your circumstances and develop strategies that work for your unique situation.

Financial concerns affect every aspect of life, from family stability to business operations. Our firm offers a confidential consultation so you can discuss your options without any financial pressure. Call our office to schedule your initial consultation with a Boise bankruptcy attorney who will listen to your story and explain how the bankruptcy process works.

Types of Bankruptcy Available to Consumers & Businesses

The United States Bankruptcy Code provides for different types of bankruptcy depending on the needs of consumers and businesses facing financial difficulties and creditor harassment. Chapter 7 and Chapter 13 cases are most frequently filed by individual debtors, while Chapter 11 cases are most often filed by businesses as a means to restructure debt. Chapter 12 is designed specifically for the reorganization of family farms.

  • Chapter 7 Bankruptcy – Chapter 7 bankruptcy provides debtors with relief from dischargeable, unsecured debts, such as credit card debt and medical bills, in exchange for liquidation of “non-exempt” assets. Both individuals and businesses may file for Chapter 7 bankruptcy.
  • Chapter 11 Bankruptcy – Chapter 11 provides for the reorganization of debt, usually involving a corporation or partnership; however, individuals in business can also seek relief under Chapter 11. In contrast to Chapter 7, which would require a business to liquidate, Chapter 11 business bankruptcy allows a business to keep many of its assets and pay creditors over time. Also, Subchapter V was enacted under the Small Business Reorganization Act of 2019 (SBRA), and in certain circumstances, provides a more streamlined reorganization for small businesses.
  • Chapter 12 Bankruptcy – Chapter 12 is another form of reorganization bankruptcy with additional benefits to farmers and fishermen beyond those available to ordinary wage earners. Chapter 12 allows family farms to reduce debt load and restructure debt so that the farm may become viable in the future.
  • Chapter 13 Bankruptcy – Chapter 13 bankruptcy, commonly known as “individual debt adjustment” or “individual debt consolidation,” is a form of consumer bankruptcy based on debt reorganization. Using a repayment plan, the debtor pays back his or her creditors while avoiding foreclosure, levies, wage garnishments, liens, and other methods used to collect on debts.

Understanding the Bankruptcy Process in Idaho

Bankruptcy cases in Boise are handled through the U.S. Bankruptcy Court for the District of Idaho. Before filing, individuals generally must complete an approved credit counseling course and provide detailed information about their income, expenses, debts, and property.

After filing, the bankruptcy trustee reviews the case, and debtors generally attend a meeting of creditors. The remaining steps depend on the type of bankruptcy filed. In Chapter 7, nonexempt property may be sold to pay creditors, although many individuals can protect their property through available exemptions. Chapter 13 involves a repayment plan that typically lasts three to five years.

Our Boise bankruptcy attorneys help clients prepare the required documents, understand their obligations, and respond to issues that arise during the proceedings. We explain the differences between consumer bankruptcy and business bankruptcy so clients can better understand their available options.

How Bankruptcy Can Protect Your Financial Future

Filing for bankruptcy can provide relief when debts become difficult to manage. Depending on your circumstances, bankruptcy may help you address credit card balances, medical bills, collection lawsuits, wage garnishments, and other financial problems.

When a bankruptcy petition is filed, an automatic stay generally takes effect. This protection stops many collection activities while the bankruptcy case moves forward. However, exceptions apply, and certain proceedings, including some family support matters and actions involving repeat bankruptcy filings, may be treated differently.

Our attorneys help Boise-area clients understand which debts may be discharged, what property they may be able to protect, and how bankruptcy could affect their financial future. We also assist clients facing creditor harassment and other collection problems.

Comprehensive Bankruptcy Services for Idaho Residents

Our firm provides bankruptcy services to individuals and businesses throughout Boise, ID, and the wider region. We are proudly serving clients in multiple counties, including Malheur County and other areas of Southern Idaho. Our legal services cover all aspects of the bankruptcy process, from the initial consultation through final discharge.

We handle cases involving child support obligations, business debts, medical bills, and other financial concerns. Our experienced bankruptcy attorney team knows how to protect your assets while helping you achieve a fresh start. Whether you need to file bankruptcy under Chapter 7, 11, 12, or 13, we have the experience to guide you through the process.

Bankruptcy attorneys at our firm work closely with clients to develop strategies tailored to individual needs. We offer a confidential consultation to review your situation and discuss your options. This gives you a chance to meet our team, ask questions, and learn about the bankruptcy process without any obligation. Call us today to schedule your confidential consultation with a Boise bankruptcy lawyer.

Bankruptcy Representation Backed by Idaho Experience

Foley Freeman, PLLC, has served Idaho residents since 1978. Our bankruptcy practice represents both debtors and creditors, giving our attorneys experience with financial disputes from different perspectives.

Attorney Patrick J. Geile has served as Chair of the Commercial Law & Bankruptcy Section of the Idaho State Bar and has presented at bankruptcy seminars. His involvement in Idaho’s legal community reflects the firm’s experience with bankruptcy and commercial law matters.

From our Meridian office, we represent individuals and businesses throughout Boise and the surrounding Treasure Valley. We help clients review their financial circumstances, understand potential risks, and determine which legal options may be appropriate for their situation.

Idaho Bankruptcy Law and Your Rights

Idaho bankruptcy cases are governed by both federal law and state-specific regulations. The bankruptcy code sets the general framework, while Idaho law determines exemptions that protect certain assets from liquidation. Understanding these laws helps you make better decisions about filing for bankruptcy and protects your interests throughout the process.

Our law firm has deep legal knowledge of Idaho bankruptcy procedures and exemptions. We help clients understand how the law applies to their specific situation. Every bankruptcy case is different, and our attorneys take time to explain how various factors might affect your case. This includes how family obligations, business debts, and other concerns impact your options.

Working with experienced bankruptcy lawyers who know Idaho law gives you an advantage in bankruptcy court. Our attorneys represent clients with confidence and skill, whether your case involves simple debt relief or complex business reorganization. We are committed to protecting your rights and helping you achieve the fresh start you deserve.

BANKRUPTCY IN BOISE: FREQUENTLY ASKED QUESTIONS (FAQs)

Can I keep my home if I file for bankruptcy in Boise?

Many people can keep their homes when filing for bankruptcy, but the outcome depends on several factors. Idaho’s homestead exemption may protect a certain amount of equity in a qualifying residence, while mortgage payments, property value, and the type of bankruptcy also affect what happens. Filing for bankruptcy does not automatically eliminate a mortgage or guarantee that foreclosure will be prevented. Our attorneys can review your financial circumstances and explain how Idaho’s exemption laws may apply to your home.

Will bankruptcy in Boise stop creditors from calling me in Boise?

Yes. Once you file, an automatic stay immediately stops most collection efforts. Creditors in Boise, in Idaho, and beyond must halt phone calls, lawsuits, wage garnishments, and any attempts at repossession. In other words, all collection efforts are paused in order to allow the bankruptcy process to move forward in an orderly manner. 

How long does bankruptcy stay on my credit report in Boise?

A Chapter 7 bankruptcy typically remains for 10 years, while Chapter 13 lasts seven years. Having a personal bankruptcy on your credit report is adverse information. It will harm your credit score. With that being said, your credit can begin to improve within a year or two after a bankruptcy filing.

How do Idaho’s income limits affect Chapter 7 eligibility in Boise?

Idaho uses the federal means test to determine Chapter 7 qualification. Boise filers must show household income below the state median or prove limited disposable income. If they exceed the limit, adjustments must be applied to determine if Chapter 7 is actually a possibility. If not, Chapter 13 may be required to reorganize rather than discharge debt.

Seek Experienced, Supportive Legal Counsel

With decades of combined experience, our bankruptcy attorneys have represented clients in virtually every type of bankruptcy case. Whether your debt stems from a lost job, failed business, divorce, unexpected medical expenses, or back taxes, we can help you obtain a fresh start and begin rebuilding your credit. Please contact Foley Freeman to schedule a consultation with an experienced bankruptcy lawyer and learn more about our debt relief services. We provide bankruptcy law services in Boise, Ada County, and throughout the wider region in Southern Idaho.