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offering a fresh startto people from all walks of life who may findthemselves over their heads financially |
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debt relief attorneys |
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After open heart surgery for a chronic medical condition, John V.'s* health improved but his finances did not. That's when John and his wife sought the help of Muir & Troutman. We filed bankruptcy for the couple, releasing them from overwhelming medical and household bills. Today, John is able to focus on his most precious asset:
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Our ServicesBankruptcy Code is divided into chapters. Chapters 7 and 13 relate to personal debt. Chapter 11 is designed for corporations, and Chapter 12 covers family farms. Chapter 7 is often called “straight bankruptcy.” Created for consumer debt, Chapter 7 releases you from paying credit card debts, medical bills, and past-due utility charges. You will be able to keep certain types of property and money, such as your home, car, household goods, life insurance, retirement plans, child support, etc. To find out if you are eligible for Chapter 7 bankruptcy, call our office today at (503) 292-6788 for a free consultation. We offer flexible evening and weekend hours to accommodate your busy schedule. Chapter 13 is also for consumer debt, as well as sole proprietor business debt, but unlike Chapter 7, it involves an affordable repayment plan, allowing you to pay off debts in a 3 to 5 year period. This type of filing is a good idea for someone who needs to get caught up on car or mortgage payments. Your property is protected from seizure as long as the proposed payments are met. Our attorneys will take the time to talk with you and determine whether Chapter 7 or Chapter 13 is the best course of action. Call us at (503) 292-6788 to set up a free one-hour consultation. Generally, Chapter 11 is a type of bankruptcy for corporate reorganizations and individual debtors who have too much debt to qualify for Chapter 13 relief. While this filing shares many of the characteristics of Chapter 13, it is much more complex. If you are considering filing bankruptcy for your corporation, please contact us at (503) 292-6788. You can also visit www.uscourts.gov/bankruptcycourts.html for more information. Chapter 12 bankruptcy is for financially distressed family farmers, allowing them a chance to reorganize their debts and keep their farms. It does not pertain to debtors with primarily consumer debts. For more information about Chapter 12, call our office or visit www.uscourts.gov/bankruptcycourts.html.
*Names and identifying details have been changed to respect the privacy of our clients.
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