Efficient Representation for Clients in Oregon
Pacific Cascade Legal helps clients seek beneficial outcomes in bankruptcy. We know you are going through a stressful time, and will do our best to guide you through the process. Bankruptcy may seem confusing, but it can actually benefit your situation by giving you a fresh start. If you are struggling under an overwhelming debt burden, and you are tired of creditors contacting you to receive payment, filing for bankruptcy may be an effective solution. Contact our firm today to discuss your case with a Newberg bankruptcy lawyer.
Settle Your Debts Through Bankruptcy
Bankruptcy provides an option for individuals to settle their debts with creditors. This can be done in a variety of ways, depending on the type of bankruptcy you file. Once you complete the bankruptcy process and settle your debts, creditors will no longer be able to pursue payment by contacting you.
By filing for bankruptcy, you may settle your debts by:
- Discharging some debts
- Selling your assets to pay off debts
- Drafting a repayment plan to pay off debts over a number of years
Chapter 7 bankruptcy involves liquidating your non-exempt assets to pay off some or all of your debts. Once all your assets have been used up, the remaining portions of debt may be discharged, meaning you won’t have to pay them. This option is reserved for those who don’t have a steady source of income.
On the other hand, Chapter 13 involves creating a repayment plan to pay off debts in a certain time frame, usually 3-5 years. If you have a stable income and don’t want to sell your assets, this may be a good option for you. While bankruptcy allows you to discharge certain debts, other debts, including tax debts and student loans, may still need to be paid.
Learn How Attorney Wisehart Can Help
Pacific Cascade Legal has a thorough knowledge of federal bankruptcy laws. Whether you are considering filing a Chapter 7 or Chapter 13 bankruptcy, we can guide you through the process. Attorney Wisehart's experience as a Newberg bankruptcy lawyer enables him to handle a variety of legal issues that may arise. He can help you file the necessary paperwork and represent you in a creditor meeting.
Call Pacific Cascade Legal today at (888) 981-9511 to schedule a free case consultation.