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About Chapter 7 Bankruptcy
This information is presented by the Portland bankruptcy attorneys in the Bankruptcy Practice Group of Baxter & Baxter, LLP, a Portland, Oregon consumer litigation law firm, specializing in credit reporting cases, identity theft cases, and unlawful debt collection practices cases. The Portland bankruptcy lawyers in the Bankruptcy Practice Group of Baxter & Baxter, LLP represent Beaverton and other Oregon consumers in Chapter 7 and Chapter 13 bankruptcies.
Individuals can file for bankruptcy under Chapter 7 (liquidation) or Chapter 13 (a "consumer reorganization", or debt adjustment case).
In a Chapter 7 bankruptcy, the individual is allowed to keep certain exempt property. Most liens, however (such as real estate mortgages and security interests for car loans), survive. Other assets, if any, are sold (liquidated) by the interim trustee to repay creditors. Many types of unsecured debt are legally discharged by the bankruptcy proceeding, but there are various types of debt that are not discharged in a Chapter 7.
Common exceptions to discharge include child support, income taxes less than 3 years old and property taxes, student loans (unless the debtor prevails in a difficult-to-win adversary proceeding brought to determine the dischargeability of the student loan), and fines and restitution imposed by a court for any crimes committed by the debtor. Spousal support is likewise not covered by a bankruptcy filing nor are property settlements through divorce. Despite their potential non-dischargeability, all debts must be listed on bankruptcy schedules.
The Portland, Oregon bankruptcy attorneys of the Bankruptcy Practice Group of Baxter & Baxter, LLP offer a free initial phone consultation. We can stop collection calls from debt collectors. Our rates are competitive, and an uncontested no-asset Chapter 7 bankruptcy can be filed for as little as a $1,250 fee.
Call today for a free consultation and speak to a Portland Oregon bankruptcy attorney today!
Call today for a free consultation and speak to a Vancouver WA bankruptcy attorney today!
Information about Bankruptcy in Beaverton, Oregon
To speak with a Portland, Oregon bankruptcy attorney, call Baxter & Baxter, LLP, at (503) 297-9031.
Bankruptcy Resources in Oregon
"We are a debt relief agency. We help people file for relief under the Bankruptcy Code."
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Baxter & Baxter, LLP
8835 S.W. Canyon Lane, Suite 130
Portland, Oregon 97225
503.297.9031
503.291.9172
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