Frequently Asked Questions about Filing for Bankruptcy in Oregon and Washington
This information is presented by the Bankruptcy Practice Group of Baxter & Baxter, LLP. The Bankruptcy Practice Group of Baxter & Baxter, LLP represents individuals in Chapter 7 and Chapter 13 bankruptcies. We offer a free initial consultation. We can stop collection calls from debt collectors. We can advise consumers whether to file for bankruptcy, and what form of bankruptcy to file. Our rates are competetive, and an uncontested no-asset Chapter 7 bankruptcy can be filed for as little as $1,250.
Will I lose all of my property, my car, or my personal possessions in bankruptcy?
Probably not. The policy of bankruptcy is to give a debtor a "fresh start." You are entitled to have a roof over your head, to feed your family, and to get to work so that you can pay your bills. If you have a substantial amount of equity in your home or your car, the bankruptcy trustee may decide whether it is necessary to sell some property to pay your creditors. However, in this economic climate, very few people have equity in their homes or cars.
Can I stop a home foreclosure on my mortgage?
Yes. A Chapter 13 bankruptcy will stop a foreclosure on your home. You can propose a payment plan to pay off your past-due mortgage payments over three to five years. If you file a Chapter 7, it will temporarily stop any foreclosure proceedings against you.
Can I stop collection calls and letters?
Yes. Once you file for bankruptcy, the automatic stay prevents almost all of your creditors from taking any action to enforce any debt. This includes collection calls, letters, and lawsuits.
I have already filed a bankruptcy, can I file again?
Yes, if your previous bankruptcy was filed a specified amount of time in the past. If your previous bankruptcy was a Chapter 7 liquidation, you need to wait eight years from the date the previous case was filed. If your previous bankruptcy was a Chapter 13 wage earner repayment plan, you need to wait four years to file a new Chapter 7 case and two years to file a new Chapter 13 case.
Can I stop a garnishment of my bank account or paycheck?
Yes. Almost all garnishments can be stopped with the exception of child support or spousal support obligations. Some creditors that hold claims that will not be discharged like student loans can start garnishment again as soon as your discharge is entered.
Can I leave a creditor off my schedules?
No. You are required to list all debts. Even debts that you want to keep paying. In fact, just because a debt is not listed on a bankruptcy schedule does not mean it is not included in the bankruptcy. In many cases even unlisted debts are discharged.
This information is presented by the Bankruptcy Practice Group of Baxter & Baxter, LLP. The Portland, Oregon bankruptcy attorneys and Vancouver WA bankruptcy lawyers of the Bankruptcy Practice Group represent individuals in Chapter 7 and Chapter 13 bankruptcies. We offer a free initial consultation. We can stop collection calls from debt collectors and home foreclosures. We can advise consumers whether to file for bankruptcy, and what form of bankruptcy to file.
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When the financial troubles of life come your way, and the creditors won’t stop calling, bankruptcy could be the right choice for you, bankruptcy will not ruin you like the debt consolidation programs often claim. It could be a fresh start provided to you by the government. After bankruptcy it could only take 2 years to rebuild your credit and get you back on track. Our law offices can help you choose your best options and get you on the road to financial recovery Discover the advantages of bankruptcy before making your next move.
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Portland, Oregon Bankruptcy Law Offices
The Portland, Oregon bankruptcy attorneys of Baxter & Baxter, LLP have offices in SW Portland, and represent consumers in Beaverton, Tigard, Hillsboro, Aloha, Tualatin, and other cities. If you would like a free consultation with an Oregon bankruptcy lawyer, call (503) 297-9031 today!
Baxter & Baxter, LLP | Portland, Oregon Bankruptcy Attorneys
Vancouver, Washington Bankruptcy Law Offices
The Vancouver, Washington bankruptcy attorneys of Baxter & Baxter, LLP have offices in SW Washington, and represent consumers in Vancouver, Clark County, and Cowlitz County. If you would like a free consultation with an Oregon bankruptcy lawyer, call (360) 574-5239 today!
Baxter & Baxter, LLP | Vancouver, WA Bankruptcy Attorneys
"We are a debt relief agency. We help people file for relief under the Bankruptcy Code."
