Gresham Bankruptcy Lawyers
Helping You Get the Debt Relief You Need
Are creditors harassing you? Are you receiving annoying phone calls from them? Your home, property, income, and more could be at stake. These are tough economic times for just about everyone. One unexpected incident, personal calamity, or financial mishap can lead to personal bankruptcy. However, you should know that you are not alone, and legal help is available.
There are different legal options to relieve personal debt. At Gresham Family & Bankruptcy Law, we represent clients for individual bankruptcy cases in Chapter 7 and Chapter 13. To discuss your options and determine if your financial situation warrants bankruptcy protection, schedule an initial consultation with our Gresham bankruptcy attorneys. It is important to begin these cases as soon as possible before your finances and credit rating erode any further.
Discuss your needs with our team today by calling (503) 470-2230.
Although the criteria are more stringent for those who qualify, Chapter 7 bankruptcy – also known as liquidation – offers the possibility to eliminate personal debt, including credit card bills and medical bills. Chapter 7 requires the filer to surrender certain assets, often including property and cash. In many cases, however, clients can retain much of their personal property, including their homes and cars.
Chapter 7 bankruptcy is ideal for people who have little or no disposable income. Before you can qualify for Chapter 7, you must pass the means test to prove that you are unable to pay your debts without filing for bankruptcy.
Potential benefits of Chapter 7 include:
- Reducing your monthly debt repayment obligations
- Relief from debt collectors and creditor harassment
- Clearing your debts faster than with Chapter 13
At GFBL, our Chapter 7 bankruptcy attorneys in Gresham understand the requirements of this type of bankruptcy filing and are prepared to walk you through each step of the process.
We also help clients navigate through the more involved and time-consuming process of Chapter 13 bankruptcy. Individual debtors can use Chapter 13 to adjust their debts through regular income. Debt is discharged in a three- to five-year process that requires payments.
Chapter 13 is ideal for people who want to keep property they own. Certain people are required to choose Chapter 13 if they do not pass the means test and therefore cannot file Chapter 7. Just like Chapter 7, Chapter 13 can protect you from debt collectors and creditor harassment. It can also stop foreclosure. Our Chapter 13 bankruptcy lawyers in Gresham can help you determine which type of bankruptcy is right for you.
Our Approach to Bankruptcy Cases
At GFBL, we use a personal, attentive approach to represent clients and fight for their debtor’s rights. We are dedicated to providing clients the opportunity for a fresh start through the adjustment of debt that bankruptcy provides. Our attorneys have extensive experience working on a variety of bankruptcy cases.