Affordable Chapter 7 Bankruptcy in Oregon
SERVING PORTLAND OR – BEAVERTON – BEND OREGON
Struggling under the weight of credit card debt? You may want to consider filing for Chapter 7 Bankruptcy! By filing for Chapter 7 bankruptcy, you can stop harassing debt collection calls, letters, and threats–in most cases, immediately after filing. Also known as liquidation bankruptcy, Chapter 7 bankruptcy wipes out most, if not all, of your current debt. You can start again with a clean slate! But what does Chapter 7 involve, exactly?
Consulting a Bankruptcy Attorney for Chapter 7
Before you decide which kind of bankruptcy to file, it’s crucial to consult an experienced lawyer. Depending on your current finances, your assets, and your income, it may be wiser to file a different kind of bankruptcy entirely. An experienced Chapter 7 bankruptcy lawyer can advise you on which debts will be wiped out, the time frame involved in filing, and any expected complications. Bankruptcy law is complex and can change from state to state; if you’re filing for Chapter 7 in Oregon, it’s advisable to consult a lawyer who understands and has worked with bankruptcy law before.
Types of Debt Wiped by Chapter 7 Bankruptcy
- Credit Cards
- Department Store Cards
- Medical Bills
- Payday Loans
- Some Personal Loans
- Utility Bills, and more
Why File for Chapter 7 Bankruptcy?
Unfortunately, sometimes our debts grow beyond our control, either out of necessity or neglect. Filing for liquidation bankruptcy is a good way to restart your finances, and get some stability back into your life. In simple terms, a Chapter 7 bankruptcy filing consolidates your entire debt into a single payment, made to the bankruptcy court on your behalf by a trustee. All of your assets (if you have any) are sold and used to pay off that debt. After this consolidation and estate payment, your debt is considered fully cleared. Bankruptcy should be considered at the first sign of trouble, not as a last-ditch effort.
How Can I File for Bankruptcy?
If bankruptcy is done at the right time, with an experienced lawyer, you can actually save yourself from financial ruin. The Law Offices of George Hoselton cannot give you legal advice without knowing your particular situation, but we would love to offer you a free consultation. If you feel as though your debts have gotten out of control, Chapter 7 bankruptcy may be the correct path forward. Contact us today to schedule a consultation, and let the Law Offices of George Hoselton help you get back on your feet!
Chapter 7 Bankruptcy in Portland, Beaverton, and Bend OR
Serving Clients in Portland - Beaverton - Bend OR