What to Know Before Filing Bankruptcy
Even if you know what to expect and how to prepare, pursuing Chapter 7 or Chapter 13 bankruptcy is often difficult. It is even more so if you do not know what to avoid.
Even if you know what to expect and how to prepare, pursuing Chapter 7 or Chapter 13 bankruptcy is often difficult. It is even more so if you do not know what to avoid.
When debts become overwhelming, declaring bankruptcy may be the only realistic solution. Afterward, there are important measures clients can take to avoid becoming indebted once again. Ted Troutman of Troutman Law Firm, P.C., in Portland, OR, is an attorney who specializes in bankruptcy procedures.
Are you facing the repossession of a vehicle? Chapter 7 and Chapter 13 bankruptcy may be able to help you keep your car and manage payments on your loan. Attorney Ted Troutman offers free consultations to determine if bankruptcy is the right action for preventing vehicle repossession.
In some cases, bankruptcy may be your best option for regaining your financial life. When filing for both Chapter 7 and Chapter 13 bankruptcy, it is important to have documents related to your income, assets, and other financial indicators ready.
Prior to receiving a discharge of debts, clients must complete a financial management session, more commonly known as a debtors' education course. Attorney Ted Troutman in Portland, OR, can help you prepare for the course and give you further details on your requirements. The debtors' education course is one of the final steps in the process of discharging debts.
When filing for Chapter 7 or Chapter 13 bankruptcy, you must provide accurate, detailed information regarding your assets. In order to ensure the legality of your case and to increase your chances for a successful filing,
If you are facing financial hardships and feel like your debts have become too difficult to manage, attorney Ted Troutman can explain the benefits of filing for bankruptcy, including a discharge of debts, retention of essential possessions, and general peace of mind. During a consultation at his Beaverton or Portland, OR, offices, he can help determine if filing for bankruptcy is right for you.
If you have been struggling with overwhelming debts and would like to know how to file Chapter 7 bankruptcy in Portland, OR, attorney Ted Troutman can guide you through this sometimes complicated process.
Burdensome debt is overwhelming and the risk of losing your home adds to the stress. Filing for Chapter 7 or Chapter 13 bankruptcy can help save your home if you are behind on mortgage payments or are already in foreclosure.
Qualifying for bankruptcy starts with taking a means test, which takes into consideration several factors, including disposable income and various other sources of income or lack thereof.