Oregon Bankruptcy Lawyers
Oregon bankruptcy attorneys may help you clear your debt
Bankruptcy is a powerful tool, with special debt-clearing abilities that other options just don't have. Why? Because bankruptcy is a legal process and part of both U.S. and Oregon law.
But how will these laws work for you? While bankruptcy is designed to fully clear your debts and give you protection for your home and livelihood, the laws will affect each person differently.
Get the facts on how the laws may help you regain control of your finances and life during a free case evaluation with an Oregon Bankruptcy lawyer near you. Simply fill out the form on this site or call, toll free, 877-833-2410 and we'll connect you right away.
Your Bankruptcy Options in Oregon
In Oregon, you have two main choices when it comes to filing bankruptcy: Chapter 7 and Chapter 13. While each chapter works differently, both may help you reach your goals. These options exist so you can find debt relief that really works for you.
Which is best for you will depend on your needs and your goals for life after bankruptcy.
Chapter 7 bankruptcy works quickly, and may clear all of your credit card debt in only a few months. It may also be used to resolve medical bills, utility bills and personal loans. This is a popular choice for people who don't have the income many plans require: This chapter doesn't require you to make any regular payments.
In addition, you may be able to use Chapter 7 exemptions during your filing to protect your property. A section of Oregon's bankruptcy law, exemptions are the reason there is rarely a forced a sale in Chapter 7 cases. These exemptions outline the property that is fully protected and includes:
- $40,000 or more for home and property (up to $50,000 for joint filers); up to $20,000 for a mobile home if land is not owned (up to $27,000 for joint filers).
- At least $196 per week in wages
- $3,000 for a motor vehicle
- $3,000 for furniture, household goods, radios, television set, utensils
- $1,000 for animals
- $3,000 for professional tools, books and trade tools
- $1,800 worth of clothing, jewelry and other personal items
- $600 for books, pictures and musical instruments
Understandably, some people need more protection. They may also need to address back debt tied to their home mortgage or car loan. That's where Chapter 13 bankruptcy comes in. Although Chapter 13 takes longer - sometimes 3-5 years - it may be used to clear mortgage and car loan debt. However, you will need some regular income to complete Chapter 13's repayment plan.
Chapter 13 also takes longer, often 3-5 years. But during this entire time you'll be protected by the automatic stay, which stops foreclosure, repossession, wage garnishment and even lawsuits. It will also put a halt to all those phone calls and letters from creditors. They'll have to stay away while you work through your filing.
Connect with an Oregon Bankruptcy Lawyer Today
Which type of bankruptcy may be best for you? That decision is yours to make, but be sure you have all the facts on hand before you decide.
If you have unanswered questions about how the laws apply to you or how the process works, speak with an Oregon bankruptcy lawyer. Ask questions, get answers and make an informed decisions.
Ask questions during the free case evaluation with a local Oregon bankruptcy lawyer you get when you complete the free form on this page. Or call 877-833-2410 and we'll connect you with a nearby attorney right away.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.