Portland Bankruptcy: Chapter 13

The other type of bankruptcy the is common for most people in Oregon is a Chapter 13 bankruptcy.  This is a reorganization bankruptcy for those who are currently employed or have a steady source of income in their town (Portland, Beaverton or Eugene) Basically a Chapter 13 is a court ordered repayment plan. You'll make payments to the U.S. Trustee in your area, either in Portland or Eugene Oregon.  Once you make the payments that the Oregon bankruptcy court approves then most or all of your remaining debt will be discharged. An Oregon Chapter 13 is best used to help stop a foreclosure or stop a repossession. The amount of the chapter 13 plan payment will be determined by your budget and your assets.

A good Portland area bankruptcy attorney can help map out all your options and provides the details of what type of Oregon bankruptcy make be right for you.  Call our office at anytime to set up a no-cost consult with one of our Portland Oregon bankruptcy attorneys to discuss your fresh start.

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