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Beaverton Chapter 7 Bankruptcy Attorney

Portland Consumer Bankruptcy Lawyer

According to the U.S. Bankruptcy Court for the District of Oregon, more than 8700 people in the Portland area filed for Chapter 7 Bankruptcy last year alone. The Great Recession has hit everyone hard — even people who thought they were making good choices about their finances, like buying a home, getting an advanced degree, taking a home equity line of credit to make improvements or investing in the stock market.

If you're considering Chapter 7 Bankruptcy, you should know that you are far from alone. Thousands and thousands of people have gone through it before you and are already experiencing what it's like to live without debt. Even more, The Law Offices of Alexzander C. J. Adams, P.C., is ready to guide you through the process. It can seem like a maze, but we know what turns to make to get you the debt relief you need.

What Is Chapter 7 Bankruptcy?

Chapter 7 is a quick, fresh start for the people with few assets and a great number of debts. Procedurally, it's the most straight forward type of bankruptcy to file and, because the workload for this type of case can be completed in about 90 days, it's generally the least expensive type of bankruptcy to file as well.

Chapter 7 may not be the best option for you if you have non-exempt assets you want to keep or if you make significant income. But, if you are concerned about losing a house or losing a car you owe money on, that is generally not the case. Your attorney can discuss this with you and help you choose the right type of bankruptcy for you.

Some people actually prefer to file Chapter 7 when they are upside down on their mortgages, because the bankruptcy procedure requires people who are facing foreclosure to either pay the full amount of all back payments or give up the house. In giving up the house, people also give up the ongoing responsibility to make the mortgage payments that go with it. This is typical with a high-interest loan that just reset to a much higher payment or a negative amortization mortgage.

In order to qualify for Chapter 7, you will have to meet some income requirements by passing a means test that is mandated by law. If you cannot pass this means test, Chapter 13 bankruptcy may be a better option for you.

Contact a Beaverton Chapter 7 Bankruptcy Lawyer

Talk with Portland lawyer Alex Adams. To get started, schedule a free and confidential consultation at no obligation. Call us at 503-928-3864 or toll free at 888-560-8146. You may also complete our online contact form. Our main law office is located in Beaverton, just outside of Portland, Oregon, and we also have two convenient locations throughout the Greater Portland metropolitan area.

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The Law Offices of Alexzander C. J. Adams, P.C.
14705 South West Millikan Way
Beaverton, OR 97006

Beaverton Law Office Map

5200 SW Meadows Rd, Suite 150
Lake Oswego, Oregon 97035
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The Law Offices of Alexzander C. J. Adams, P.C.
5320 SW Macadam Ave, Suite 100
Portland, OR 97239

Portland Law Office

“Not valid service address for lawsuits.”

The Law Offices of Alexzander C. J. Adams, P.C.
4224 NE Halsey St, Suite 340
Portland, OR 97213

Portland Law Office

“Not valid service address for lawsuits.”

Toll-free phone: 888-560-8146
Phone: 503-928-3864
Fax: 888-588-5410

We Are a Debt Relief Agency