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CHAPTER 7 BANKRUPTCY

The bankruptcy attorneys at OlsenDaines can help you get your financial life back on track, and for many, Chapter 7 bankruptcy will be the right choice. This is a type of bankruptcy that will erase many different forms of debt so that you can go forward with a fresh start, and the benefits are immediately realized. When you successfully file, you receive an “automatic stay,” and this will put a halt to collection efforts, garnishment attempts, foreclosures, repossessions, and utility suspensions.

To be able to qualify for Chapter 7 bankruptcy in Oregon or Washington, you must be able to pass a “means test.” If your income is less than the median income in the state of your residence, you automatically pass this means test. However, under certain circumstances, you may still be able to qualify for Chapter 7 even if your income exceeds this amount. We can apply our expertise to determine whether you will be able to qualify for this form of bankruptcy.

These are some of the types of debts that can be washed away through a successful Chapter 7 bankruptcy filing:

  • Health care bills
  • Overdue utility charges
  • Outstanding credit card balances
  • Checks written on insufficient funds
  • Lease agreement deficiencies
  • Collection agency accounts
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Keep Your Home and Your Car

If you have limited equity and you are up to date on your mortgage payments, you can retain ownership of your home after you file for Chapter 7 bankruptcy. The same thing is true for your car if you are making payments. After you rid yourself of all your other forms of debt, you should be able to pay your mortgage and your car payment comfortably as you begin to rebuild your credit history.

Schedule a Free Chapter 7 Bankruptcy Consultation

We serve people in Portland, Eugene, Medford, Salem, Bend, Vancouver, and several other cities in Oregon and Washington, and we are standing by right now to assist you. If you are ready to take the first step toward a fruitful financial future, we can be reached by phone toll-free at 1-800-682-9568.