Portland Chapter 13 Bankruptcy Lawyer

Helping You Explore Your Debt Relief Options

Unfortunately, unexpected expenses or employment situations might make it difficult to manage financial obligations. In such circumstances, you have various opportunities available to regain control of your finances. One of those options is Chapter 13 bankruptcy, which allows you to rearrange your income and debts and make payments to a trustee for a specified period.

Various rules govern Chapter 13 bankruptcies, making these complex processes. If you are considering this debt relief option, seek assistance from our experienced attorney. Backed by years of experience in bankruptcy law, we have a solid understanding of these types of matters, and we will help develop a repayment plan to meet your needs and goals.

To get started with the process, call us at (503) 850-2992.

What Is Chapter 13 Bankruptcy?

A Chapter 13 bankruptcy is a way to reorganize your finances and set up repayment plans for some of your debts. Of course, secured debts must be paid if you wish to keep that property, but can sometimes be paid less than what you owe. Some other debts will have to be paid in order to complete the bankruptcy process, and we will delve into those during your consultation. In dealing with your credit card and medical debt, the total amount of your expenses is combined, and your monthly payments are calculated based on your income. Those payments go to a trustee who then remits them to the creditors included in the bankruptcy. The duration of your plan can be from 3 to 5 years, and at its conclusion, your remaining debt is discharged, regardless of whether or not the payments satisfied the amount you owed.

Our Portland lawyer can help you understand which debts can and cannot be included in the process, how the payment plan is set up, and what you need to do to get started.

What Are the Eligibility Requirements?

To be eligible for a Chapter 13 bankruptcy, your unsecured (such as credit cards) and secured (such as car loans) debts cannot exceed specific amounts. Additionally, you must have enough income to make payments according to your plan and have funds left for essentials. When preparing to file, you must gather information about all of your income, expenses, and assets to make your case to the court.

At Wisehart Law, PC, we will go through your financial documents with you to determine if you are eligible for this debt relief option and prepare the necessary paperwork for the court.

Call Today to Retain Our Services

Our attorneyis dedicated to providing personalized attention and helping you overcome your debt. We will work closely with you to understand your needs and goals and discuss your legal options. When you hire our team, we will treat you with professionalism and respect, providing honest and open communication throughout the entire process.

To learn more about how we can help you get a fresh start, call us at (503) 850-2992 or contact us online.

Let's Get You Out of Debt

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