I got into bankruptcy law because I have experienced firsthand what it's like to be weeks or even days from losing everything. When I was younger, my father's farm was on the brink of foreclosure. Without the help of his dedicated, caring attorney, it would have been lost forever. Seeing the impact that one person can have on a family or business drove me to apply to law school and become a bankruptcy attorney, serving clients in Portland and Beaverton, Oregon and beyond. If you are struggling with your personal finances or your business's cash flow is suffering, call my office today to schedule a free consultation.MORE ABOUT ME
Once your filing has gone through and is official, an automatic stay will be put into place. This means that any debt collection activity will be immediately halted. Automatic stays prevent calls, emails, or letters from debt collectors, lawsuits against you for your debts, wage garnishments, home mortgage foreclosures, and property repossession. Stopping this activity should take a lot of the weight off your shoulders that you had before filing.
The obvious reason people file for bankruptcy is to eliminate debt. Depending on your unique circumstances, we will help you file a specific type of bankruptcy. Most bankruptcy attorneys are only knowledgeable in Chapters 7 and 13 of bankruptcy, which are typically utilized by individuals. We can also help you file for Chapters 11 and 12 of bankruptcy if you are a business owner, farmer, or fisherman. To see which option is best for you and your situation, schedule a free consultation today.
Though it doesn't happen immediately, filing for bankruptcy will eventually bring up your credit score. Whether you choose to liquidate your assets or reorganize your debts, you will have a much healthier credit score, which can open up many opportunities for you in the future, whether you're buying a car or taking out a loan to put your child through college. Depending on which Chapter you use, it will return closer to a much better number in a period anywhere between 6 months and several years.
After open heart surgery for a chronic medical condition, John’s health improved but his finances did not. 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: his health.
Roberta had a love affair…with shoes. Expensive ones. Unfortunately, her income did not cover the expenses of this relationship. We filed Chapter 7 for Roberta, absolving her of the debt.
And, after receiving credit counseling, Roberta knows how to live on a budget within her limits.
Lina and Frank faced a difficult situation: they found themselves buried under a mountain of debt. Fearing the loss of everything they owned, they sought help from our firm. We created a plan that discharged many of their debts while allowing them to keep their home and cars.
This type of bankruptcy offers consumers and businesses alike the ability to liquidate their property and assets in an effort to settle most or all of their debts, like medical bills or credit card expenses. You must qualify for Chapter 7 bankruptcy and will not be able to discharge debts like child support or alimony payments, tax debts, or student loans.
Unlike Chapter 7, this option for those filing for bankruptcy in Portland, Oregon can keep most of your assets. Chapter 11 is a form of "reorganization bankruptcy," which individuals, families, and businesses use to restructure their debts to make eliminating the debt more feasible and comprehensible.
Farmers and fishermen utilize Chapter 12 bankruptcy when they are facing financial hardship with their given trade. Similar to Chapter 11, those filing will reorganize their debts into a single payment that they eventually pay off after three to five years. Droughts and industry fluctuations can cause farmers and fishermen to go under; this helps them get back on their feet.
This is one of the most common forms for individuals filing. Also called a "wage earner plan," Chapter 13 bankruptcy allows you to avoid foreclosure on your house, in contrast to chapter 7. To learn more about these types of bankruptcy, contact our office in Portland or Beaverton, Oregon to schedule a free consultation.