Idaho Exemptions & Debtor's Exam Process

Bankruptcy attorney Matt Christensen explains debtor's exams and how they happen in Idaho State Courts. He also covers a list of exemptions that would apply to the collection of those judgments here in Idaho.

Below is a transcript of the video, formatted for readability. 

Hi, my name is Matt Christensen. I am a partner here at Johnson May. Today I am discussing debtor's exams, how those happen in state courts in the state of Idaho, and then exemptions that would apply to the collection of those judgments.

4 Pre-Litigation Collection Strategies

When a customer misses payments, it can be a top concern for your business’s profitability. If you need to collect and recover debt, you should explore all resolutions before it escalates to a litigation case. 

You will want to start by identifying the risks and determining if your situation will be successful. For example, what is the debtor’s financial situation? What are their business assets? Sometimes, you can settle disputes before taking them to the courtroom, and therefore, you could save time and litigation costs. 

If you are wondering where to begin, a business lawyer can advise you on the exact steps to take, whether you are in the pre-litigation stage or a legal battle. 

Here are four collection strategies to implement before pursuing a litigation case.

4 Types of Business Bankruptcy (and How to Restructure)

As a business owner, there are very few things more unsettling to consider than shutting down your business or filing bankruptcy. The US Bureau of Labor Statistics (BLS) finds that 20% of new businesses fail during the first two years, 45% during the first five, and 65% during the first 10. Only 25% of new businesses make it to 15 years or older.

These are sobering statistics, to be certain. However, filing for bankruptcy does not necessarily have to spell the end of your business. Similarly, many businesses that do close never pursue bankruptcy. Typically, most businesses that file bankruptcy do so due to overwhelming debt. There is a bright side to all this: some businesses are able to save themselves by renegotiating untenable debt situations and essentially ‘starting fresh.’

Different types of Bankruptcy : Business Bankruptcy Explained

Our bankruptcy attorney Matt Christensen explains the 6 different bankruptcy types. He breaks down what the role of the creditor and the bankruptcy trustee are and what the purpose is in filing for each type of bankruptcy.

Hi, my name is Matt Christensen. Today, we will explore the various types of bankruptcy, their purposes, the key players involved, and the role of debtors in each case.

Under the bankruptcy code, there are six official types of bankruptcy:

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