Chapter 7 Bankruptcy in Oregon
Serving Portland OR – Beaverton – Bend – Gresham Oregon
More people now than ever in the country are getting the fresh financial start they need through filing Chapter 7 bankruptcy. You had no way of predicting a financial downturn would occur. Chapter 7 bankruptcy allows the individual or married couple to have all allowed dischargeable debt removed – it is no longer owed. For many people, there is little hope of ever paying off their debts.
If you meet the qualifications, the federal government allows you to start over financially. There are many of your friends, neighbors and associates who may have already taken advantage of filing Chapter 7 with a small down payment, and are enjoying the relief of a fresh start, without the stress and anxiety of worrying about money and bills they cannot pay. At the George Hoselton Law office, we guide our clients through every step of the bankruptcy process.
Freedom from Crushing Debt through Chapter 7
George Hoselton has had over 30 years of experience and has helped over 10,000 clients with bankruptcy. We know how to get the process into motion quickly for you, as we know how urgent financial problems usually are. We understand the stress you are under. Much of our work is done electronically, allowing you to get legal representation of the highest quality. We have two locations to promptly serve you with same day appointments.
Our rates are affordable, and we keep them that way purposely. We know you are in trouble financially; it won’t help you to owe a huge lawyer bill that you cannot pay on top of what you are already dealing with. Each case is personal to us, and our fee to you is based on your individual situation. We know you are in trouble financially, and we strive to professionally represent you at a reasonable fee. We are often told by clients about the huge feeling of relief and freedom that they feel after hiring us.
There is no charge for the initial consultation, and we can determine if bankruptcy would be your best option. A no-asset Chapter 7 bankruptcy case takes approximately four months to complete from the date of filing. You have the right to get a fresh start if you are suffering under an impossible debt load. Let our professional firm assist you.
How Filing for Bankruptcy Could Work for You
Each year, millions of Americans decide that bankruptcy is the right choice for them, and the majority turn to Chapter 7 to help eliminate their debts. Chapter 7 is designed to wipe out unsecured debts like:
- Credit Cards
- Department Store Cards
- Medical Bills
- Payday Loans
- Some Personal Loans
- Utility Bills, and more
Who Can File Chapter 7 Bankruptcy?
The majority of Chapter 7 bankruptcy filers are suffering from credit card debt, medical bills or payday loans. In order to take advantage of this tool, you’ll need to determine if you’re eligible to file for Chapter 7 using the means test, which compares your income to the state’s median income guidlines. Find out if you can file during a free consultation at the law offices of George Hoselton. Get answers about how filing could affect you and your future.
What is an Asset or no Asset Bankruptcy?
Chapter 7 is designed as an orderly, court-supervised procedure by which a trustee collects the assets of the debtor’s estate, reduces them to cash, and makes distributions to creditors, subject to the debtor’s right to retain certain exempt property and the rights of secured creditors. Because there is usually little or no non-exempt property in most chapter 7 cases, there is generally not be an actual liquidation of the debtor’s assets. These cases are called “no-asset cases.” Usually a debtor with assets that they wish to keep and that are not covered by exemptions would be filing a Chapter 13. At your free consultation we will determine your options and plan the best course of action.