Filing for bankruptcy can be a complicated process, and
that’s why it’s critical to select an Idaho Falls bankruptcy law
firm that has the experience to see the case through to its completion. The
attorneys at Thomsen Holman Wheiler PLLC have worked with many
successful bankruptcy cases for clients in the Idaho Falls area and supported them
in getting back on track with their lives.
There are two varieties of filings to be aware of, so hiring a law firm in Idaho Falls is crucial. The attorneys at Thomsen Holman Wheiler PLLC have the skills to support clients when it comes to filing either a Chapter 7 or Chapter 13 bankruptcy. Filing a Chapter 7 is also referred as liquidation bankruptcy, and it can absolve the client of all their debts except non-dischargeable debts. Chapter 13 bankruptcies are referenced as reorganization bankruptcy in which the client pays an established lump sum each month that’s distributed to the creditors.
Idaho bankruptcy laws have exemptions for bankruptcy filers, which authorizes filers to keep certain property like vehicles, homesteads, personal property, wages and pensions. Seeking legal counsel when it comes to how exemptions are calculated can help bankruptcy filers hold on to more of their property. Idaho Falls bankruptcy law can be complicated to understand without legal representation, especially when it comes to exemptions.
Before filing for a Chapter 7 bankruptcy, the applicants must pass a means test depending on their income, and those who are found below the minimum income levels are exempt from the means test. Disabled veterans are also excluded from the means test depending on when their debt was contracted. Also, if the debt derives from something further than consumer debt the means test requirement is waived.
As a law firm in Idaho Falls with decades of experience, the legal attorneys at Thomsen Holman Wheiler PLLC are ready to take on any bankruptcy case no matter how hard it is. The attorneys are aided by a professional administrative staff who will handle the timely filings of the necessary paperwork, gather information and be there to answer questions. They'll be there for the whole process for a cost-effective bankruptcy filing.
There are two varieties of filings to be aware of, so hiring a law firm in Idaho Falls is crucial. The attorneys at Thomsen Holman Wheiler PLLC have the skills to support clients when it comes to filing either a Chapter 7 or Chapter 13 bankruptcy. Filing a Chapter 7 is also referred as liquidation bankruptcy, and it can absolve the client of all their debts except non-dischargeable debts. Chapter 13 bankruptcies are referenced as reorganization bankruptcy in which the client pays an established lump sum each month that’s distributed to the creditors.
Idaho bankruptcy laws have exemptions for bankruptcy filers, which authorizes filers to keep certain property like vehicles, homesteads, personal property, wages and pensions. Seeking legal counsel when it comes to how exemptions are calculated can help bankruptcy filers hold on to more of their property. Idaho Falls bankruptcy law can be complicated to understand without legal representation, especially when it comes to exemptions.
Before filing for a Chapter 7 bankruptcy, the applicants must pass a means test depending on their income, and those who are found below the minimum income levels are exempt from the means test. Disabled veterans are also excluded from the means test depending on when their debt was contracted. Also, if the debt derives from something further than consumer debt the means test requirement is waived.
As a law firm in Idaho Falls with decades of experience, the legal attorneys at Thomsen Holman Wheiler PLLC are ready to take on any bankruptcy case no matter how hard it is. The attorneys are aided by a professional administrative staff who will handle the timely filings of the necessary paperwork, gather information and be there to answer questions. They'll be there for the whole process for a cost-effective bankruptcy filing.
