More and more people these days are finding themselves confronted with serious debt. If you're one of these people, know that help exists.
Portland bankruptcy lawyers can examine your debt-relief options with you.
Filing for bankruptcy in Oregon may help you eliminate your debt while protecting your property and your future.
Whether you file Chapter 7 or Chapter 13 bankruptcy, you may benefit from legal provisions that stop creditors' lawsuits and threats of repossession and foreclosure. What's more, the debt solutions that come out of bankruptcy are protected by Oregon bankruptcy laws.
This means that your creditors must live with the rulings that arise from your bankruptcy case. Filing bankruptcy isn't negotiating with your creditors; it's a way for many people to find real debt relief.
To start a new chapter in your financial life today, contact a Portland bankruptcy lawyer by calling us, toll free, at 877-349-1309 or filling out the free case evaluation form on this page.
There are two main types of bankruptcy for individuals filing in Oregon.
In a Chapter 7 bankruptcy case, most of your unsecured debts - like credit card debt, medical bills and payday loan debt - may be discharged. While Chapter 7 bankruptcy allows for a sale of property to help pay creditors, Oregon bankruptcy law has a list of exemptions, or property that may not be sold. Your bankruptcy lawyer can give you details, but, generally speaking, you may be able to keep your home, car and other personal property under these exemptions.
If you own a large amount of property, and if you have a job or some other source of regular income, then Chapter 13 bankruptcy may be better for you. Chapter 13 bankruptcy may allow you to keep more of your property while you take a court structured steps to reconcile your debt.
Before filing for either Chapter 13 bankruptcy or Chapter 7 protection, you must first be evaluated by a debt counselor. And if you're interested in trying to file under Chapter 7, you are required to take a "means test" to determine if they have the means to pay a portion of their debts.
A Portland bankruptcy lawyer may be able to help you with these and other aspects of filing bankruptcy, in addition to providing relevant, case-specific bankruptcy information. Even if you're not sure you're ready to file bankruptcy, a Portland lawyer can answer your questions about the state's bankruptcy laws, the process and how they can reform your debt.
To speak with a local sponsoring Portland bankruptcy lawyer, simply call us, toll free, at 877-349-1309 or fill out the free case evaluation form on this page.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.