Consumer Bankruptcy Lawyers in Beaverton, Oregon

Find the right Consumer Bankruptcy attorney in Beaverton, OR

Bankruptcy is a legal process allowing an individual or business to have some or all of their debt absolved. It is almost always considered as a last resort because it can have some negative long-term consequences which must be considered, even if you eventually decide that they are outweighed by the benefits. Bankruptcy is controlled by federal law and handled in federal courts, so the procedural and substantive rules involved in Oregon are often the identical as everywhere else in the U.S. However, individual bankruptcy courts have slightly different rules for items such as exemptions, so it would be a good idea to consult with a local Beaverton, Oregon bankruptcy attorney beforehand.

Chapter 7 Bankruptcy in Beaverton, Oregon

In Beaverton, Oregon, there are 2 commonly-used types of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves a liquidation of some of the debtor's assets, which pays off part of his or her debt. Once this is done, the remaining debt is absolved. Fortunately for debtors, many forms of property are exempt from liquidation, including homes, vehicles, basic personal items, and retirement accounts.

Once eligible assets are sold, and the proceeds turned over to the creditors, most remaining debt is cleared. However, some forms of debt cannot be discharged in bankruptcy, including student loans, taxes, child support, personal injury awards, and fines. If most of your debt in Beaverton, Oregon is not dischargeable, you may want to consider other options besides bankruptcy.

Chapter 13 Bankruptcy in Beaverton, Oregon

Chapter 13 Bankruptcy in Beaverton, Oregon differs substantially from Chapter 7. It might be a better option than Chapter 7, depending on the facts of your case. Chapter 13 does not absolve debt, but restructures it instead. Normally, various debts are consolidated into a single monthly payment. This is designed to make the debt more manageable, giving the debtor the chance to pay off the debt over a longer period of time, without all of it coming due at once. This is normally manageable, as long as the debtor can make some sacrifices.

Which Type of Consumer Bankruptcy Should I File in Beaverton, Oregon

Which Bankruptcy type to file under depends strongly on the facts of each particular case. If you have a stable stream of income (enough to make a payment plan manageable), and a large amount of non-exempt property that you don't want to part with, Chapter 13 may be best for you. If you don't have a stable income or large amounts of non-exempt property, you may be better off filing for Chapter 7.

Whatever your situation, you should speak with a local Beaverton, Oregon bankruptcy lawyer. Your attorney will be able to advise you of your options and their likely outcomes, which will help you make a more educated decision.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Beaverton

Beaverton is a city in Washington County, Oregon. It is near Portland. In 2010, Money Magazine listed it as one of the "100 Best Places to Live" amongst the smaller cities in the United States.

Top employers include Reser's Fine Foods, Leupold Stevens, Nike, Inc., Phoenix Technologies, Linux Technology Center (IBM), Tektronix, Maxim Integrated Products, VeriWave, and Intel. The legal force also has a strong presence in Beaverton because many attorneys practice and reside here. These attorneys work in small firms or law offices and focus on providing their clients with excellent legal services.

Other reasons for recognition include the fact that in 2006, Beaverton's very own Murrayhill Little League baseball team was qualified for the 2006 Little League World Series. Also, in 2002, the city's little league softball team won second place in the Little League Softball World Series. Beaverton is also known to have one of the largest fencing clubs in the nation--Northwest Fencing Center.

Overall, Beaverton is an exciting place to live in or visit!

Clients Rate LegalMatch Attorneys
(click to read reviews)

Ian M.
Ian M.

Bankruptcy, Banking & Credit

Richboro, PA

Eddy H.
Eddy H.

Bankruptcy, Banking & Credit

San Mateo, CA

Howard B.
Howard B.

Bankruptcy, Banking & Credit

Rye Brook, NY