Portland Bankruptcy Attorney
Debts can be debilitating in more ways than one. You can seek a solution through Oregon’s bankruptcy laws to improve your financial situation. Chapter 7 and Chapter 13 are the two main areas under which you can file for bankruptcy. (Click here for FREE consultation with a bankruptcy lawyer.) Your first step towards freedom of debt is having an experienced Portland attorney in your corner.
Portland Bankruptcy Attorney
Short Law Group
12755 SW 69th Avenue
Portland OR
Contact Now for a Free Case Review!
Filing Chapter 7 Bankruptcy
Chapter 7 bankruptcy allows you to file for straight bankruptcy, under which all your debts save those especially listed, can be discharged. A court appointed trustee assesses your income and living expenses, and then repays your creditors through the sales of your non-exempt property. Some of the things that you can keep under Portland bankruptcy law include:
- A house worth $25,000 or the same amount from the sale of a house
- One vehicle worth $1,700
- Professional tools upto the value of $3,000
- Life and health insurance, pension proceeds etc.
- Personal injury claims worth $10,000.
- Old age benefits
Filing Chapter 13 Bankruptcy
If you have a source of regular income, you can choose to file a bankruptcy petition under Chapter 13 bankruptcy to repay your obligations. You are required to submit a statement of your finances with a detailed list of assets, first priority debts, loans taken against collaterals and loans taken without collaterals, along with the names and addresses of creditors .A repayment plan for a period of five years also has to be submitted. A trustee appointed by the court will assess and approve this plan in consultation with your creditors.
Bankruptcy law is complicated and has recently undergone major revision. It is therefore advisable to consult a Portland bankruptcy attorney if you are considering the option to file chapter 13 bankruptcy in Portland. Our Portland bankruptcy lawyers will guide you in understanding the provisions under Oregon law, file your bankruptcy petition, deal with your creditors and assist you in compiling the lists of assets to be filed in court. Monthly payments to be made to the trustee and all dealings regarding the sale of your property and its proceeds will be taken care of by our Portland bankruptcy lawyers, so that you have less to worry to about. Our bankruptcy attorneys offer their services in Arlington, Coos Bay, Brownsville, Pacific City, Oregon City, Rainier, Lincoln Beach and other cities across Oregon.
Oregon Bankruptcy Law Information:
Are you considering Bankruptcy in Portland?
If you live in Portland and you're wondering if you can file bankruptcy, please complete the form below. A local Portland Bankruptcy lawyer will contact you and answer your questions for free. Don't wait -- Get Help Today!
