OregonFreshStart.com
Oregon Chapter 13 Bankruptcy Attorney
Chapter 13 Bankruptcy Information
Chapter 13 is a very powerful tool for obtaining a debt consolidation plan approved by the bankruptcy court. Once your Oregon Chapter 13 bankruptcy plan is approved, creditors are forced to accept its terms and cannot collect directly from you. The Plan normally lasts from 3 to 5 years.
During that time, you will make monthly payments to the bankruptcy court trustee who will divide the money among your creditors. Most unsecured debts are interest free during the life of the Plan. If you make all of your payments as required by the Plan, any unpaid balance of debts that can be discharged (click here for information on debts that cannot be discharged) will be discharged (which means you will not be required to pay the balance).
Chapter 13 Plans are commonly used where debtors are behind on their house payments or facing foreclosure on their home or repossession of their car and need time to catch up the past due payments. This Oregon Chapter 13 bankruptcy will BUY YOU TIME.
You must have a steady source of income to file an Oregon Chapter 13 bankruptcy and your monthly take-home pay must be greater than your monthly living expenses (rent, utilities, food, clothing, insurance, car payments, etc.). Otherwise, you will not have enough money to live and to pay the consolidation payment to the court and will not qualify for Oregon chapter bankruptcy (13).
Filing Oregon Chapter 13 Bankruptcy requires financial discipline. For the life of the plan (3-5 years), you will be required to live on a strict budget. The bankruptcy court will not allow you to buy anything which is nonessential. This Oregon Chapter 13 bankruptcy is a good option for debtors looking to get back on track.
Oregon Chapter 13 Bankruptcy Contact
We know that these terms and conditions can sometimes be confusing. OREGON FRESH START's experienced Oregon bankruptcy attorney wants to help you understand the details of Oregon chapter bankruptcy.
Contact an Oregon Chapter 13 Bankruptcy Attorney
Fill out an online evaluation that will help us help you
Testimonial
It was a blessing for us to be in contact with Oregon Fresh Start. We were very nervous about the bankruptcy process. Mr. Smith and Denise were always there to keep us informed of what was happening and what to expect. We are very pleased with the professional work.– Steve & Rosa B, Eugene area
Bankruptcy Help
Free Evaluation
