If you’re looking for an experienced Chapter 13 bankruptcy attorney in Boise, Meridian, Perks, or Ada County, ID, there’s no one better than Cyrus Roedel. Cyrus and the team at Roedel Law Offices are experts in handling the complicated process of bankruptcy—specifically Chapter 13 and the many nuances that pertain to it.
About Chapter 13 Bankruptcy
Unlike Chapter 7—which involves liquidation of assets to pay creditors—Chapter 13 involves the creation of a repayment plan, with installments over a 3- to 5-year period. Filing Chapter 13 enables a person to prevent home foreclosures and car repossessions, as well as pay back taxes and prevent crippling interest from accruing on other debts. Through Chapter 13, you may even be able to keep valuable non-exempt properties—so long as you stick to the payment plan and terms outlined in your filing.
Why File Chapter 13?
In some cases, clients are not eligible to file Chapter 7 bankruptcy, due to previous declarations or extenuating circumstances. You will be required to file Chapter 13 if you have already filed Chapter 7 in the last 8 years or Chapter 13 in the last 6 years, or if your income is above a certain level. Chapter 13 is also a more practical filing for clients with the means to pay their debts in due course, as opposed to those clients judged unlikely to fully repay their debts outright.
Why Choose Roedel Law Offices?
Understanding the viability of Chapter 13 bankruptcy in your unique financial situation is the job of a skilled, seasoned Chapter 13 bankruptcy attorney in Boise, ID. Cyrus Roedel and the team at Roedel Law Offices will help you understand your financial position, what Chapter 13 means to you, and what your prospects for consolidating and alleviating that debt look like. Our team will ensure you come away from your filing with fair and honest repayment terms, and stable footing that enables you to get on with your life, while also responsibly paying your off your creditors.
Contact us today at 208-384-0003 to schedule a consultation with a Chapter 7 or Chapter 13 bankruptcy attorney so we can learn more about your financial situation and how Chapter 13 may assist you in unburdening yourself.