Oregon Chapter 13 Bankruptcy Lawyer
Chapter 13: Wage Earners' Bankruptcy
Are you in financial trouble, but currently getting a steady income from employment or as a self-employed individual? Chapter 13 could be an option for you to get relief if you have fallen behind in payments on your mortgage and other debts. Those who are making enough through their work to cover their monthly expenses, such as rent, utilities, food, clothing, vehicle payments, and other expenses are likely to qualify to file Chapter 13.
There are advantages in this form of bankruptcy, one of which is that overdue mortgage payments can be paid over a 3 - 5 year period, along with other debts, all in one monthly payment. When the term of the repayment plan is completed, any remaining money owed is then discharged. The payment is called a consolidation payment, and is paid to the court monthly, based upon your income . Contact an Oregon bankruptcy attorney from Oregon Fresh Start for more information about filing. Our rates are very reasonable, and we serve the entire State of Oregon. We have 33 years of experience, and have helped over 10,000 people through the various types of bankruptcy.
Chapter 13 Bankruptcy Attorney: Affordable and Experienced
If you do not qualify for Chapter 7 as you make too much money or own too many assets, Chapter 13 could be the best option for you to resolve your financial difficulties. You gain the advantage of being free from creditor calls or other attempts to collect, which relieves the incredible stress you are likely experiencing. You do not have to worry about losing your home or other property, and you gain the opportunity to get your finances back on track.
There are restrictions regarding what you can buy during this period; non-essential items will not be part of your budget during the period of the bankruptcy. The debt that you carry that is unsecured consumer debt will not have interest added during this period, allowing for much more of the principal to go to the debt. Find out more about filing Chapter 13 by contacting our firm; we have the experience and knowledge with this form of bankruptcy that allows us to explain to you simply the benefits that you could gain, as well as the impact on your life.
Contact an Oregon Chapter 13 bankruptcy lawyer from our firm for more information about how we can help you get your finances back on track.