From our free bankruptcy consultations to our complimentary credit rebuilding program, bankruptcy attorneys at OlsenDaines are here to help you every step of the bankruptcy process. We are the largest and most experienced consumer bankruptcy law firm in the Pacific NW. We are able to address your financial difficulties with the expertise and careful planning you are seeking.
Free Bankruptcy and Personal Injury Consultations
Nearly 40 years ago, our bankruptcy firm was one of the first law practices to offer free consultations to potential bankruptcy clients. It is our mission to educate, inform and empower people about their legal options for dealing with debt. We believe information goes a long way toward helping with the stress of filing bankruptcy.
Qualifying for a Home Loan During or After Bankruptcy
What Happens at the 341(a) First Meeting of Creditors
What to Expect at Your Reaffirmation Hearing
Chapter 7 Bankruptcy
This is the most common type of bankruptcy. In almost all cases you keep all your property and your debts are simply wiped out. Each state has certain exemptions. For most people, all their property is exempt, meaning your property is protected. Our job is to advise you so there are no problems.
Chapter 11 Bankruptcy
This is used mostly by businesses. In Chapter 11, you may continue to operate your business, but your creditors and the court must approve a plan to repay your debts. There is no trustee unless the judge decides that one is necessary. If a trustee is appointed, the trustee takes control of your business and property.
Chapter 12 Bankruptcy
Chapter 12 Bankruptcy is specifically designed for farmers and fishing enterprises. Our bankruptcy law firm serves clients in numerous different communities in Washington and Oregon.
Chapter 13 Bankruptcy
If you have concluded that it is impossible for you to meet all your debt obligations, Chapter 13 bankruptcy may be the solution. This form of bankruptcy is a “reorganization” rather than “liquidation”. You can usually keep your property, but you must earn wages or have some other source of regular income and you must agree to pay part of your income to your creditors. The court must approve your repayment plan and your budget. A trustee is appointed and will collect the payments from you, pay your creditors, and make sure you live up to the terms of your repayment plan.