Portland Bankruptcy Lawyers

Understanding the Pros & Cons of Filing for Bankruptcy

Most people think of bankruptcy as a last resort, reserved only for when all other options fail. However, there are times when it might be the most reasonable choice in getting your finances back on track. Sometimes, bankruptcy is the only way to stop a wage or bank garnishment, repossession, or foreclosure. While declaring bankruptcy is often thought of as the last case scenario, it can actually be beneficial in the long run. The end result of filing depends on your situation and the type of bankruptcy you declare.

When you’re facing huge, overwhelming debt, bankruptcy might be the best option. Pacific Cascade Bankruptcy can help you understand the pros and cons of filing bankruptcy as they apply to your unique situation.

On This Page:

• How Filing for Bankruptcy Can Help
• Filing Bankruptcy in Oregon
• Is Bankruptcy Right for Me?
• Get a Seasoned Advocate in Your Corner
• Bankruptcy FAQ:
  • Can filing for bankruptcy stop a foreclosure or repossession in Oregon?
  • How long does the bankruptcy process take in Oregon?
  • What is the means test, and how does it apply to bankruptcy in Oregon?

To learn more about how we can help you through bankruptcy in Oregon, contact Pacific Cascade Bankruptcy or call (888) 981-9511.
Your initial consultation with our attorneys is free.

How Filing for Bankruptcy Can Help:

• Completely or substantially eliminating credit card and other debts
• Allowing you to schedule out payments for non-dischargeable tax debt
• Letting you rework a vehicle that is worth less than what you owe
• Providing alternatives to losing your home due to foreclosure
• Stopping financially-detrimental wage or bank garnishment

Filing Bankruptcy in Oregon

Declaring bankruptcy may not be the best outcome, but it can help your situation. Our bankruptcy attorney can assist you throughout the bankruptcy process and ensure that no mistakes are made. Here is a general overview of the process:

• Gather the appropriate Oregon bankruptcy forms and financial records
• Attend a Credit Counseling
• Complete bankruptcy forms and filing fees
• Submit forms to Bankruptcy Court
• Meet with creditors

Is Bankruptcy Right for Me?

To decide whether or not filing for bankruptcy is the best debt relief option for you think about your situation and speak with a bankruptcy lawyer. Below are some other factors you might want to consider before filing for bankruptcy:

• Learn about all the bankruptcy options that are applicable to your situation. The most common options are Chapter 7 and Chapter 13. If you are a business owner, Chapter 11 might better suit you.
• Ensure that you are eligible to file for the type of bankruptcy you want.
• The debts that are forgiven depend on the type of bankruptcy you file for. Understand which debts will and won’t be forgiven and if your credit card debt will be covered as well.
• Be aware of how your property will be affected depending on which bankruptcy you file for. There is a possibility you could lose your home or other property like your car.
• Ensure that your pension plans are safe (401(k), IRA, life insurance policies, etc.)
• Ensure that those who co-signed from your loans are protected from making payments to your debt.
• Understand that your personal life will be invaded. The bankruptcy court will need to know everything about your financial history. In addition, your friends and family may find out about your bankruptcy, especially in a case where your personal property needs to be sold in order to pay off your debt.

Take time to consider your alternatives. Bankruptcy is not right for everyone. To be more clear about it, get in touch with Pacific Cascade Bankruptcy in Portland.

Get a Seasoned Advocate in Your Corner

Struggling with substantial debt is difficult enough—filing bankruptcy on top of everything else can seem incredibly daunting. Pacific Cascade Bankruptcy is here to help you navigate the process. Thanks to our years of experience in bankruptcy law, we have a thorough understanding of Oregon's current bankruptcy laws.

Our firm is dedicated to assisting those in need. We have proudly helped hundreds of clients navigate the legal process of filing bankruptcy, conducting lengthy meetings and coordinating with service agencies. Notably, we have successfully helped a disabled veteran keep his childhood home by working through Chapter 13 bankruptcy and fighting for property tax debt forgiveness while simultaneously helping him devise a plan to avoid the same issue in the future with upcoming taxes.

Pacific Cascade Bankruptcy understands that every situation is unique, and we will work directly with you to address the details of your case. No matter how complex your circumstances are, we can help you find your best debt relief option. When you need help with Oregon chapter 7 bankruptcy, chapter 13, or 11, turn to our law firm.

Call (888) 981-9511 to request a free initial consultation with our Oregon bankruptcy lawyers.

Bankruptcy FAQ:

Pacific Northwest Bankruptcy Attorneys

Showing You the Positive Sides of Bankruptcy

When you are feeling the weight of heavy debt and the anxiety of a pending foreclosure, please know that Pacific Cascade Legal is here to help you. Bankruptcy might be a way for you to lessen significant debt, stop creditor harassment, and avoid upsetting the Internal Revenue Service (IRS) all at once – when it is filed and handled correctly. Our bankruptcy lawyers of the Pacific Northwest can show you all the positive sides of bankruptcy that the media rarely tell you about.

See if bankruptcy is right for you. Contact our firm now.

Benefits of Bankruptcy

Pacific Cascade Legal is devoted to making sure that every bankruptcy client feels comfortable and confident as their cases progress. We make sure to explain the bankruptcy process fully and answer any questions or concerns that you have along the way. In fact, we like to pair our clients with an attorney who will give one-on-one attention to each case, so you know that you are heard and respected. Ultimately, we want you to know that bankruptcy can be a beneficial process, whether you file for Chapter 7 or Chapter 13.

Benefits of bankruptcy include the following and more:

• Immediately stops credit harassment and contact attempts.
• Has the potential to save a home from foreclosure.
• Rearranges certain debts into more affordable repayment plans.
• Discharges certain unsecured debts entirely.
• Allows the protection or recovery of certain assets from repossession.
• Can let you rebuild your credit score relatively quickly if it is damaged.

Throughout your bankruptcy claim, you can trust our team to always be transparent and honest with you. If there are risks to filing for bankruptcy, then you will know them, just as you will be informed about all the benefits you can expect.

What Chapter of Bankruptcy is Right for You?

The bankruptcy code has multiple forms or chapters of bankruptcy. Each chapter is unique, so you can’t use just any and expect the most benefits. Our Pacific Northwest bankruptcy lawyers will take the time to figure out what chapter is right for your unique financial situation.

The three most common bankruptcy chapters are:

• Chapter 7: People with overwhelming debt can use Chapter 7 bankruptcy to try to discharge most or all of their unsecured debts at once.
• Chapter 13: People with heavy debt but reliable income can use Chapter 13 bankruptcy to reduce their debt through a carefully created repayment plan.
• Chapter 11: Business owners can use Chapter 11 bankruptcy to reduce or discharge debt without jeopardizing their business.

Call the Team with Years of Experience

Throughout our years of practice experience, our Pacific Northwest bankruptcy attorneys have proudly helped hundreds of people who were struggling with debt. We would be happy to see if we can help you the same way. The path to bankruptcy might be intimidating at first, but we know how to walk it without stress. Let us lead the way to a better financial future for you.

To request an initial consultation, use an online contact form or dial (888) 981-9511 now.

Oregon City Bankruptcy Attorneys

See That Bankruptcy Can Be a Positive Experience

If you ask our Oregon City bankruptcy lawyers from Pacific Cascade Legal, we will tell you that bankruptcy has an unfair and unfitting reputation. It is often portrayed as a path to financial ruin. The truth is that bankruptcy can be overwhelmingly positive for many people with heavy debt. If you’re in that sort of situation, then we would be honored to get the chance to show you how bankruptcy can help.

We have been standing by the side of bankruptcy clients for decades of combined practice experience. In the many cases we have successfully handled, we have helped people through all sorts of difficult financial situations. No matter what trouble you are in right now with debt and creditors, you can be sure that we can find a way forward that prioritizes your best interests and protects as much of your property as possible.

Contact Pacific Cascade Legal online or dial (888) 981-9511 now.

Great Benefits of Bankruptcy

Do not write bankruptcy off as a bad thing the moment it is suggested. With professional guidance and representation from our bankruptcy lawyers, we know that you can find and appreciate its benefits. For many of our clients, the benefits come as a surprise but a welcome one.

Filing for bankruptcy can help by:

• Reducing or eliminating unsecured debt
• Restructuring debt into easier payment plans
• Adjusting vehicle loans and mortgages
• Stopping creditors from harassing you
• Protecting your home from disclosure
• Blocking unfair wage garnishment

If you are feeling the pressure from heavy debt or constant creditor and debt collector pestering, then you could stand to benefit quite a lot by filing for bankruptcy. Some of the benefits – like the banning of creditor contact attempts – occur immediately when you file, so it is always better to explore your options sooner than later.

Basic Steps for an Oregon Bankruptcy

People often steer clear of bankruptcy because the first step can be so intimidating. We know that once you have our Oregon City bankruptcy lawyers by your side and leading the way, though, starting bankruptcy won’t feel as daunting. We can prepare you for each step and walk you through each. When dealing with the court or creditors, you can put us in charge of everything and act on your behalf, too. This way, you can continue to focus on other parts of your life while we handle your bankruptcy case.

The basic bankruptcy process in Oregon usually includes these steps:

1. Collect copies of your financial records and necessary bankruptcy forms.
2. Attend a credit counseling session, which is usually needed before you can file for bankruptcy.
3. Complete all bankruptcy forms and prepare filing fees.
4. File the completed forms to the correct bankruptcy court.
5. Meet with creditors to discuss the need for bankruptcy and future plans.

After meeting with creditors, the steps involved in a bankruptcy case can start to vary more significantly. No matter which direction your case is headed, you will be ready because we will be right there with you.

Who Should File for Bankruptcy?

Bankruptcy is a great option for resolving debt for many people, but it should not always be the first option. Other debt resolution methods might make more sense for your financial situation. When you come to Pacific Cascade Legal, you can rely on our professional attorneys to decide if filing for bankruptcy is the right choice. We always prioritize your best interests.

Before filing for bankruptcy, we will want to consider:

• The type and severity of debts that you possess.
• What property of yours could be affected, like an automobile that could be repossessed.
• If your pensions, retirement plans, or life insurance policies would be kept intact.
• How many people co-signed on your loans and how bankruptcy could affect them.
• Whether Chapter 7, 13, or 11 bankruptcy could help your situation.
• Other less intrusive or intense debt relief options that might help.

Learn About Chapter 7 & Chapter 13 Today

Most individuals who file for bankruptcy will use Chapter 7 or Chapter 13. Each chapter has its advantages and potential complications. Which one is right for you?

Remove the guesswork from your bankruptcy case by teaming up with our Oregon City bankruptcy lawyers. We can review your unique financial situation to see what bankruptcy options are the best, assuming that bankruptcy is the right choice at all. Thanks to our experience and resources, we can handle even the most complex and high-value bankruptcy cases.

Schedule a free initial consultation by dialing (888) 981-9511 now.

Eugene, OR Bankruptcy Attorneys

Making Bankruptcy Work for You

Are you struggling with debt and feeling overwhelmed by financial stress? Filing for bankruptcy can be a tough decision, but it doesn't have to be a negative one. When managed by an experienced bankruptcy lawyer, bankruptcy can be a hugely positive solution that can help you regain control over your finances and get a fresh start.

Our team of Eugene, OR bankruptcy attorneys at Pacific Cascade Legal provides compassionate guidance and practical solutions to help you through this challenging time. Let us show you the clearest path out of debt, so you can focus on the future again.

Call (888) 981-9511 and request an initial consultation with our bankruptcy team.

Great Benefits of Bankruptcy

Bankruptcy can bring several key benefits that can help you out of financial trouble and related stresses. Some benefits are even available the moment you file for bankruptcy. It would be our honor to show you the ways that bankruptcy could benefit your situation. Please keep in mind that every bankruptcy filing is unique, so some of the benefits listed below might not apply to your case, but there could be unlisted benefits that do.

The benefits of filing for bankruptcy can include:

• Elimination or reduction of debt: Bankruptcy can discharge certain unsecured debts, meaning that you will no longer be legally obligated to pay them. Other debts can be restructured or reduced, making them more manageable.
• Protection from creditors: Filing for bankruptcy can put an automatic stay on any collection efforts, including phone calls, letters, lawsuits, and wage garnishments. This can provide you with some breathing room and allow you to focus on getting back on track.
• Potential to keep some assets: In bankruptcy, you might be allowed to keep certain assets, such as household goods, clothing, and personal vehicles, that are protected under federal or state law. This can allow you to maintain some stability while you work to rebuild your finances.
• Opportunity for a fresh financial start: Bankruptcy can be a chance to wipe the slate clean and start over. With the help of a bankruptcy attorney, you can develop a plan to rebuild your credit and get your finances back on track.
• Relief from financial stress: The constant worry and stress of debt can take a toll on your mental and physical health. Bankruptcy can provide much-needed relief from this burden, allowing you to focus on other areas of your life.

Different Bankruptcy Chapters That Can Help

When exploring bankruptcy options, it's important to understand that you could have a few options based on your financial situation. Our legal team is here to help you get as much information as you need, so you can make an informed choice about bankruptcy.

Three of the most commonly used forms of bankruptcy are:

• Chapter 7 bankruptcy: This type of bankruptcy can be a good option for individuals who have little to no income and few assets. It can result in the discharge of most unsecured debts, such as credit card debt and medical bills.
• Chapter 13 bankruptcy: This is known as "reorganization" bankruptcy because it involves creating a repayment plan that allows you to repay your debts over three to five years. This form of bankruptcy can be a good option for individuals with a steady income who want to protect certain important assets. It can also help stop foreclosures and repossessions while giving you time to catch up on missed payments.
• Chapter 11 bankruptcy: This is primarily used by businesses to reorganize their debts and continue operating. Chapter 11 bankruptcy can provide flexibility in terms of repayment of debts and asset protection that a business owner can appreciate.

At our law firm, we help clients through all three forms of bankruptcy. Whether you're an individual filer or a business owner in need of financial stability, we can help you determine which type of bankruptcy is right for you and guide you through the process from start to finish.

Learn How to Use Bankruptcy for Good – Call Now

If you're struggling with debt, you don't have to face it alone. Our Eugene bankruptcy attorneys are here to help you see the positive sides of bankruptcy. We understand the stress and uncertainty that come with financial difficulties, so we're committed to providing compassionate guidance and practical solutions, just as we have done for countless clients before.

Contact us today to schedule a consultation and take the first step toward a brighter financial future.

Bankruptcy Attorneys in Salem, OR

Find Out If Bankruptcy is Right for You

Bankruptcy is sometimes shown as an intimidating legal process, yet it can often be the best step toward a fresh start. When faced with overwhelming debt, filing for bankruptcy can help you eliminate or reorganize your debt and provide you with a chance to rebuild your financial foundation. Pacific Cascade Legal and our Salem bankruptcy lawyers are committed to helping you navigate the complexities of bankruptcy and emerge better equipped to manage your finances moving forward.

Call (888) 981-9511 to see if bankruptcy could be right for you.

Chapters 7, 13 & 11 Bankruptcy

Bankruptcy is a legal process through which you can seek relief from mounting debts. There are several types of bankruptcy, though, so the process is not as easy as filing and waiting for the debt to go away. Our Salem bankruptcy attorneys are here to help you understand all types of bankruptcy, so you can be confident that you use the right one to resolve your financial troubles. It might even be possible that not using bankruptcy is the best decision based on the uniqueness of your situation.

The three most common types of bankruptcy used by individuals or small businesses are:

• Chapter 7: Chapter 7 bankruptcy, also known as a "liquidation bankruptcy," involves the sale or liquidation of some of the debtor's non-exempt assets to pay off outstanding debts. Most debts are discharged at the end of the process, meaning that the debtor is no longer responsible for them. A means test must be passed to use Chapter 7. It is usually only recommended for people with overwhelming debt and minimal assets.
• Chapter 13: Chapter 13 bankruptcy, also referred to as a "reorganization bankruptcy" or “the wage earner’s bankruptcy,” involves creating a payment plan over three to five years to repay debt. With this type of bankruptcy, filers can have a better chance of keeping their property and assets while making regular payments towards their outstanding debt. It is often recommended for people with a reliable income but significant debt.
• Chapter 11: Chapter 11 bankruptcy is a process designed for businesses and corporations with high levels of debt. Chapter 11 is similar to Chapter 13 in that it involves creating a court-approved repayment plan. It allows the business to continue operating somewhat normally, too, so the company can continue to make sales or products, even as it navigates the bankruptcy court system.

Five Benefits of Bankruptcy

Filing for bankruptcy can bring many benefits to those facing heavy debt. While it is not a decision to be made lightly, bankruptcy can be a powerful tool to help you achieve financial stability. When done correctly and filed with the help of a professional bankruptcy lawyer, it can be a surprisingly positive experience overall.

Five of the main benefits of filing for bankruptcy are:

1. Immediate relief from debt collection: When you file for bankruptcy, an automatic stay goes into effect, which prevents creditors from contacting you or taking any legal action against you to collect debts.
2. Discharge or reorganization of debt: Depending on the type of bankruptcy filed, you may be able to discharge most or all your debt or create a repayment plan that works for your current financial situation.
3. Protection of assets: Certain types and amounts of assets (such as your primary residence, vehicle, retirement accounts, and personal belongings) might be protected from creditors using certain exceptions.
4. Improve your credit score: Filing for bankruptcy can eventually improve your credit score by resolving outstanding debt and showing creditors that you are capable of rebuilding your finances.
5. Reduced stress and better mental health: The stress of dealing with mounting debts and constant creditor calls can take a toll on your mental and emotional health. Filing for bankruptcy can provide instant relief from these stressors, especially when you are supported by a professional bankruptcy attorney.

Discover a Way Out of Debt – Call Now

If you're struggling with debt, we understand how overwhelming and stressful it can be. At Pacific Cascade Legal, our Salem bankruptcy attorneys are here to help you navigate the complexities of the legal system by providing personalized legal support and guidance throughout the process. We believe that everyone deserves a second chance, and bankruptcy could be what gives you that opportunity. To learn more or schedule a consultation, please contact us today.

Bankruptcy Attorneys in Tacoma, WA

Discover the Benefits of Bankruptcy

Are you struggling with debt and feeling like there's no way to clear it? Bankruptcy can offer relief and a fresh start, but navigating the legal process on your own can be just as overwhelming as the debt itself. That's where Pacific Cascade Legal comes in. Our Tacoma bankruptcy lawyers are here to guide you through every step of the process, from deciding if bankruptcy is the right option for you to filing your paperwork and attending your court hearings. With our experienced team on your side, you can feel confident that you're making the best decisions for your financial future.

See if bankruptcy is the right choice. Call (888) 981-9511 now.

Benefits of Bankruptcy

Filing for bankruptcy can seem daunting, but it can also provide significant benefits to those struggling with debt.

Here are some of the top advantages of filing for bankruptcy:

• Automatic stay: Once you file for bankruptcy, an automatic stay goes into effect, which means creditors must stop all collection actions against you, including harassing phone calls, letters, lawsuits, and wage garnishments.
• Fresh start: Bankruptcy can provide a fresh start by wiping out many types of debt, including credit card bills, medical debts, and personal loans. This can provide a sense of relief and breathing room to figure out how to solidify your financial foundation.
• Repayment plan: Some forms of bankruptcy develop a repayment plan to pay back some or all your debts over three to five years. This can be a manageable way to get back on track when a full discharge of your debts is not possible.
• Protecting assets: Depending on the type of bankruptcy you file, you may be able to protect certain assets through exemptions in the bankruptcy code. For example, in Washington state, you can qualify to protect your home, car, and retirement accounts.
• Credit score improvement: While filing for bankruptcy can initially have a negative impact on your credit score, it can also help improve it over time. By wiping out old debts and showing a commitment to paying back new ones, you can start to gradually rebuild your credit.

Overall, filing for bankruptcy can be a difficult but ultimately beneficial decision for those struggling with debt. It's important to work with an experienced bankruptcy attorney to help you navigate the process, so you can enjoy the benefits that could be available to you.

Choosing the Right Type of Bankruptcy

Bankruptcy can be a complex legal process, and there are several different types of bankruptcy cases to consider. Choosing the right type of bankruptcy for your unique situation is a task you should leave up to our experienced Tacoma bankruptcy attorneys. We’re here to guide you through the entire process, including the initial decision to use bankruptcy or not, and help you make the best decisions for your financial future.

Three of the most common types of bankruptcy include:

• Chapter 7 Bankruptcy: A common type of personal bankruptcy that uses a means test to determine eligibility. If successful, many unsecured debts can be discharged. We often recommend Chapter 7 Bankruptcy to people with large amounts of dischargeable debt.
• Chapter 13 Bankruptcy: A type of personal bankruptcy that can be used by people with regular income but significant debts that can’t be repaid. Chapter 13 Bankruptcy method creates a three-to-five-year repayment plan to make the debt manageable.
• Chapter 11 Bankruptcy: A bankruptcy specifically for businesses and business owners, Chapter 11 Bankruptcy finds ways to negotiate with creditors and minimize debts while still allowing the business to continue its day-to-day operations. A plan may include selling assets, downsizing, and other means to reduce the company’s overhead.

Call Now to Fight Overwhelming Debt

At Pacific Cascade Legal, our goal is to help you achieve financial freedom and a fresh start through bankruptcy. Or if bankruptcy is not the right option for you, then we can discuss alternatives. Our experienced Tacoma bankruptcy attorneys can evaluate your unique situation, explain your options, and guide you through the process from start to finish. Whether you're facing overwhelming credit card debt, medical bills, or other financial challenges, we're here to help.

Contact us today to schedule a consultation and take the first step towards a brighter financial future.

Tualatin Bankruptcy Attorneys

Helping You File for Bankruptcy

If you are facing financial challenges due to overwhelming debt, you are not alone. Bankruptcy can be a positive step toward taking back control of your financial future, so it might be perfect for you now. To find out if it would be right to file, talk to our Tualatin bankruptcy lawyers from Pacific Cascade Legal.

Our team of knowledgeable and understanding attorneys is here to help guide you through the bankruptcy process. We understand that financial struggles can be intimidating, so we are here to help you find a way out without adding to the stress you might already be feeling. You deserve a fresh financial start, so let’s find it together.

Call (888) 981-9511 to speak with a bankruptcy lawyer in Tualatin, Oregon.

See the Benefits of Bankruptcy

Bankruptcy can provide significant benefits for people in the middle of serious financial difficulties. When you file for bankruptcy with the help of a professional bankruptcy lawyer, it will be even easier to see all the positive sides of the process.

A few benefits of bankruptcy that you can appreciate are:

• Provides relief from the stress and anxiety of overwhelming debt.
• Stops creditor harassment, including phone calls and letters demanding payment.
• Prevents or delays foreclosure, repossession, or wage garnishment in some cases.
• Allows for a clean slate to restart building credit and savings.

At our Tualatin bankruptcy law firm, our team of dedicated attorneys has the experience and knowledge necessary to handle even the most complicated bankruptcy cases for individuals and business owners. If your debt seems heavy now, please call (888) 981-9511 so we can discuss how bankruptcy and its benefits might be the right solutions.

Three Main Forms of Bankruptcy

There are several different forms of bankruptcy that individuals and businesses can file, each with its own specific rules and requirements, such as:

• Chapter 7 Bankruptcy: Also known as “liquidation” bankruptcy, Chapter 7 is the most common type of bankruptcy for individuals. In this type of bankruptcy, the bankruptcy court will appoint a trustee who will sell non-exempt assets to pay off as much of the individual’s debt as possible. However, many assets, such as a primary residence, vehicle, and certain personal belongings, may be protected under state and federal exemptions, which means that they are not sold, regardless of the debt amount. Chapter 7 is recommended for people who can pass the means test and have significant debt.
• Chapter 13 Bankruptcy: Also known as “reorganization” bankruptcy or the “wage earner’s” bankruptcy, Chapter 13 is an option for individuals with a steady income who want to repay their debts over time. In this type of bankruptcy, the debtor follows a court-approved repayment plan, typically lasting three to five years. Chapter 13 is recommended for people with a reliable income yet can’t catch up on debt, credit, and loan payments.
• Chapter 11 Bankruptcy: Primarily designed for businesses, Chapter 11 is a type of bankruptcy that allows a company to reorganize its finances and operations to repay its debts over time. Under this type of bankruptcy, the business continues operating while creating a reorganization plan to restructure its finances and reduce its debts. The repayment plan is subject to court approval, though.

No matter which type of bankruptcy is appropriate for your situation, our team of experienced Tualatin bankruptcy attorneys can help guide you through the process and ensure that you have a fair chance for a successful outcome.

What is Chapter 12 Bankruptcy?

Chapter 12 bankruptcy is a type of bankruptcy specifically designed for family farmers and fishermen. It allows eligible family farmers or fishermen with "regular annual income" to restructure their debts and continue their farming or fishing operations. Due to the exclusive requirements to use it, Chapter 12 bankruptcy is typically less complicated and less expensive than other bankruptcy options while also offering greater flexibility for repayment plans. If you are a family farmer or fisherman in Tualatin or the surrounding region, then we should consider if Chapter 12 would work for you.

Explore Financial Solutions – Call Our Law Firm

Financial struggles can be overwhelming, but they do not have to be permanent. No matter your circumstances, there is hope for your financial future. Our Tualatin bankruptcy lawyers are here to help guide you through the bankruptcy process and help you regain control of your financial life. We can even consider bankruptcy alternatives if we determine that bankruptcy isn’t the right option based on your financial situation. Contact us today to schedule a consultation and take the first step toward a better financial future.

Bankruptcy Attorneys in Vancouver, WA

Discover the Benefits of Bankruptcy with Our Guidance

People are often scared to file for bankruptcy because they’re told their entire lives that it is a terrible financial situation to be in. At Pacific Cascade Legal in Vancouver, WA, our bankruptcy lawyers are on a mission to shed some light on the truth of bankruptcy. When bankruptcy is done right with the help of a professional bankruptcy attorney, it can be an overwhelmingly positive experience. If you are tired of running from creditors and shaving only pennies off extreme debt, then it is time to see the positive sides of bankruptcy for yourself.

Call (888) 981-9511 now to schedule a consultation with our Vancouver, WA bankruptcy attorneys.

Five Key Advantages of Filing for Bankruptcy

Bankruptcy can bring significant benefits, including:

1. Immediate stop to all forms of creditor harassment and contact attempts.
2. Potential to protect your home from foreclosure.
3. Discharges debts and/or rearranges them to be more affordable each month.
4. Protects certain assets from repossession.
5. Ability to quickly rebuild your credit score if it is damaged when you originally filed.

Bankruptcy can have its risks, too. Pacific Cascade Legal was founded on the principles of honesty and open communication with our clients. We will take the time to inform you about bankruptcy’s potential risks before you file, so there will be no surprises. Of course, we will work diligently to find the best bankruptcy plan for you to keep those risks as minimal as possible.

Understanding Your Bankruptcy Options

When filing for bankruptcy, the process isn’t as simple as going to bankruptcy court and asking for help with your debt. To begin, you will need to know what chapter of bankruptcy is right for your situation. There are many different bankruptcy chapters. We would be happy to help you determine which one will help you the most.

Three of the most common bankruptcy chapters are:

• Chapter 7: Sometimes called liquidation bankruptcy or “fresh start” bankruptcy, Chapter 7 is useful for people with overwhelming debt that they want to try to discharge all at once.
• Chapter 13: Sometimes called the “wage earner’s” bankruptcy, Chapter 13 is useful for people with a reliable income and the ability to manage a carefully created repayment plan.
• Chapter 11: Chapter 11 is a form of bankruptcy specifically for business owners, including small businesses and corporations. It allows the company to reduce its debt while still operating the business.

Consult with Our Vancouver Bankruptcy Lawyers

Our Vancouver, WA bankruptcy attorneys are passionate about helping people find ways out of heavy debt through effective bankruptcy filings. If you’re feeling stuck in debt and worrying about your financial future, please reach out at your next opportunity. Bankruptcy could be the positive move you need to get the debt-free tomorrow that you, your business, and your family deserve.

To request an initial consultation about bankruptcy, call (888) 981-9511 today.

Frequently Asked Questions on Bankruptcy in Vancouver

• Can I discharge student loans through bankruptcy?
  Student loans are typically not discharged through bankruptcy. However, there are special circumstances that could allow you to reduce or reorganize student loan debt, such as through the use of an adversary proceeding. For details about how bankruptcy could affect your student loan debt, speak with our bankruptcy lawyers today.
• What is a 341 meeting of creditors?
  During a 341 meeting of creditors, the debtor and their attorney meet with the bankruptcy trustee and any creditors interested in attending to discuss what debts they are trying to discharge. The debtor will present facts about the bankruptcy and why it is necessary. Attending creditors can use the meeting to try to negotiate a bankruptcy plan that works for all parties. When successful, a 341 meeting of creditors can help ensure that the bankruptcy proceeding runs much more smoothly and with a lower chance of a legal contest that requires courtroom litigation.
• What is Chapter 12 bankruptcy?
  Chapter 12 bankruptcy is similar to Chapter 13 but it can only be used for “family farmers and family fishermen.” If you aren’t part of a family agricultural or fishing company or industry, then you probably can’t use Chapter 12 nor would it benefit you.
• Do I lose everything if I file for bankruptcy?
  Filing for bankruptcy doesn’t take away all of your property and give it to creditors and the bank. Depending on your financial situation, the bankruptcy chapter you use, and the bankruptcy exemptions that apply to your case, you could hold onto much of your most important possessions, including real property, automobiles, and more. Every case is different, though, so it is safest to speak with a bankruptcy lawyer about what you could risk with bankruptcy.

Lake Oswego Bankruptcy Attorneys

Professional Plans to Handle Debt

Debt happens to millions of Americans every year. Unfortunately, not all of those people in debt take the time to find a way out of it.

At Pacific Cascade Legal, our Lake Oswego bankruptcy attorneys are here to help you uncover the benefits of bankruptcy if you’re in debt. A well-made bankruptcy petition can be the most effective way to get rid of overwhelming debt forever. Let’s explore your options today, so you can work towards a debt-free tomorrow.

On This Page

• Benefits of Bankruptcy
• Chapters of Bankruptcy
• Will Bankruptcy Hurt Your Credit Score?

Call (888) 981-9511 or contact us online at any time.

Benefits of Bankruptcy

Don’t let creditors, banks, and debt collection agencies convince you that bankruptcy is always a bad thing. The truth is that bankruptcy is a great solution for thousands of debtors every year. You might be able to enjoy all its benefits with minimal risks to your property, too, if you team up with Pacific Cascade Legal in Lake Oswego.

A few bankruptcy benefits are:

• Removing most or all of your debt
• Creating a manageable debt repayment plan
• Letting you rework a vehicle that’s worth less than what you owe
• Halting or delaying home foreclosure
• Preventing creditors from contacting you while the bankruptcy processes
• Blocking wage garnishments that would drain your paychecks

Chapters of Bankruptcy

Bankruptcy is not a singular legal process that anyone with debt can use. Instead, it is divided into separate chapters, each with its own purpose, benefits, and risks. We would love to sit down with you to figure out which bankruptcy chapter is best for you if any.

Three commonly used bankruptcy chapters are:

• Chapter 7: Chapter 7 bankruptcy attempts to discharge all unsecured debt at once. It is useful for people with heavy debt and a comparatively minimal income.
• Chapter 13: Chapter 13 attempts to reduce and reorganize debt, so that some of it can be repaid. It is useful for people with a regular income but not enough to get ahead on credit payments.
• Chapter 11: Chapter 11 is often used for small business owners in debt. It can allow debt to be reduced or eliminated while allowing the business to remain in operation.

Will Bankruptcy Hurt Your Credit Score?

We would never mislead you or withhold important information from you, which is why we have to tell you that bankruptcy always has risks. For all of its benefits, there can be some downsides. One such downside is that filing for bankruptcy can hurt your credit score.

Part of our job as your chosen bankruptcy attorneys will be to minimize the risks of bankruptcy and maximize its benefits. If you’re worried about your credit score, for example, then you should know that staying in debt or missing regular payments can hurt it even more than filing a bankruptcy petition. Also, damage to your credit score can be temporary if you take the right steps to fix it when the bankruptcy case is finished.

We’ve Helped Hundreds of Clients – Call Now

As debt adds up, it can be easy to lose track of your options and feel stuck in the shadow of it. Please call (888) 981-9511 now to connect with the Lake Oswego bankruptcy lawyers of Pacific Cascade Legal. We want to show you the way out of heavy debt, starting with an initial consultation with our team.

Bankruptcy Attorneys in Bend, OR

Is Bankruptcy Right for You? Find Out Today

If you find yourself constantly worrying about how you'll pay your bills and debt, it may be time to consider filing for bankruptcy. Despite what the media often portrays, bankruptcy is a legal process that can help you get a fresh start financially without turning your life completely upside-down. When done correctly, bankruptcy can be overwhelmingly positive.

Our Bend, OR bankruptcy lawyers from Pacific Cascade Legal understand how stressful the thought of filing for bankruptcy can be. That's why our entire team is here to guide you through the process, answer your questions, and help you make the best decisions for your financial future. We are confident that after an initial consultation, you will begin to feel better about bankruptcy and what it can do for you.

Please call us at (888) 981-9511 so we can help you through this tough time.

Bankruptcy Benefits

A successful bankruptcy filing can bring about several benefits that can help you get back on your feet after debt becomes unmanageable. Every bankruptcy filing is unique, though, so not every benefit of bankruptcy might be available in your case. As your Bend bankruptcy attorneys, we will be there to guide you through the process, so you can be sure that you do get a chance to use and appreciate the benefits that are available.

Common benefits of a successful bankruptcy filing are:

• Immediate relief from creditor harassment and collection efforts (automatic stay).
• Discharge of unsecured debt, such as credit card debt or medical bills.
• Protection of certain assets, such as a home or car, from being seized to pay off debts.
• Ability to stop wage garnishments and bank levies.
• Improved credit score and credit report once completed.
• Opportunity for a fresh financial start.
• Potential to negotiate better repayment terms on secured debt, such as a mortgage or car loan.

Again, not all benefits are available in every case, especially when considering how much debt can be discharged. When we are working on your behalf, though, we can draw upon our decades of collective legal experience to make the most of your bankruptcy.

Chapter 7, 13 & 11 Bankruptcies

Bankruptcy is not a single type of legal action to resolve and discharge debts. What many people don’t realize until they start looking into bankruptcy is that there are several types of bankruptcy, each with its own set of rules and requirements.

Three common types of bankruptcy are:

1. Chapter 7 Bankruptcy: This type of bankruptcy is also known as a "liquidation bankruptcy." With Chapter 7 bankruptcy, many types of unsecured debts, such as credit card debt and medical bills, can be discharged. However, certain types of debt, such as student loans and taxes, are not considered dischargeable, and a means test must be passed to even file. Chapter 7 is recommended for people with overwhelming debt and/or a negligible income stream.
2. Chapter 13 Bankruptcy: This type of bankruptcy is also known as a "reorganization bankruptcy” or the “wage earner’s bankruptcy.” With Chapter 13 bankruptcy, a repayment plan is used to pay off creditors over three-to-five years. The repayment plan is based on your disposable income and the amount of debt owed. Chapter 13 is recommended for people who earn a steady income but can’t get ahead on debt payments.
3. Chapter 11 Bankruptcy: This type of bankruptcy is typically used by businesses or individual business owners with high levels of debt. With Chapter 11 bankruptcy, the business is still allowed to operate like normal while the bankruptcy and debts are negotiated. Chapter 11 is recommended for people who rely on their businesses for income but have fallen into debt.

To see what type of bankruptcy is correct for your financial situation, call (888) 981-9511 and talk to our Bend bankruptcy lawyers. We can even start by asking an important question: “Is bankruptcy right for you?”

See the Bright Side of Bankruptcy – Call Now

At Pacific Cascade Legal, our experienced Bend, OR bankruptcy attorneys are dedicated to helping individuals and businesses navigate the bankruptcy process with as little stress as possible. We are here to help you get back on track by using bankruptcy the right way. If you're ready to take control of your finances and get a fresh start, contact us today to schedule a consultation. We're here to help you every step of the way.

Beaverton, OR Bankruptcy Attorneys

Discover How Bankruptcy Can Help You

Are you struggling with overwhelming debt and creditors constantly harassing you with phone calls and letters? Filing for bankruptcy may seem intimidating, but with the help of an experienced attorney, it can be a manageable and positive step toward financial stability. Our Beaverton, OR bankruptcy attorneys from Pacific Cascade Legal are here to guide you through the process and help you regain control of your finances. We are confident that you’ll start to see the many positive sides of bankruptcy after just one call to our firm.

Dial (888) 981-9511 or contact us online to learn more.

What are the Benefits of Bankruptcy?

Some of the major benefits of filing for bankruptcy include:

• Debt relief: Bankruptcy allows individuals and businesses to discharge many types of unsecured debts, such as credit card debt, medical bills, and personal loans. This means that you will no longer be responsible for paying back those debts, and your creditors will no longer be able to come after you for payment.
• Protection from creditors: Filing for bankruptcy triggers an automatic stay, which halts most collection actions by creditors. This can stop foreclosure proceedings, wage garnishment, and harassing phone calls and letters from debt collectors.
• Fresh financial start: Bankruptcy can provide a clean slate for your finances, allowing you to start over and build a better financial future. You will be able to rebuild your credit over time and make better financial decisions moving forward.
• Peace of mind: Lastly, filing for bankruptcy can bring a sense of relief and peace of mind. It allows you to take control of your finances and make a plan for the future, rather than feeling trapped and overwhelmed by debt.

Three Common Forms of Bankruptcy

Three of the most common types of bankruptcy include:

• Chapter 7 bankruptcy: This is often referred to as "liquidation" bankruptcy. It requires a means test to see if your income makes you eligible to use it. Chapter 7 is typically a good option for those with little to no significant assets but a severe amount of unsecured debt.
• Chapter 13 bankruptcy: This is known as "reorganization" bankruptcy. In a Chapter 13 case, a repayment plan is used to pay back some or all your debts over a period of three to five years. This plan is based on your income and expenses and can allow you to catch up on missed mortgage or car payments while still discharging some of your unsecured debts.
• Chapter 11 bankruptcy: This type of bankruptcy is designed for businesses that are in debt but want to try to pay it off instead of shuttering entirely. A key benefit of Chapter 11 bankruptcy is that it allows the business to still operate like normal throughout the process.

It's important to note that each type of bankruptcy has its own eligibility requirements and potential drawbacks. By speaking with our Beaverton bankruptcy attorneys, you can confidently determine which type is right for you based on the unique details of your financial situation and income.

Let Us Walk You Through Bankruptcy

If you're struggling with debt, know that you're not alone. Our Beaverton bankruptcy attorneys are here to provide compassionate and experienced legal guidance to help you through this difficult time. We understand that each case is unique, and we will work with you to develop a personalized plan to get you back on the path to financial stability.

Don't let debt continue to control your life. Contact us today to schedule a consultation.