Consumer Bankruptcy Lawyers in Bend, Oregon

Find the right Consumer Bankruptcy attorney in Bend, 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 ultimately decide that they are outweighed by the benefits. Bankruptcy is governed by federal law and handled in federal courts, so the procedural and substantive rules involved in Oregon are often the same as anywhere 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 Bend, Oregon bankruptcy lawyer beforehand.

Chapter 7 Bankruptcy in Bend, Oregon

In Bend, Oregon, there are 2 commonly-used forms 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 types 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 types of debt cannot be discharged in bankruptcy, including student loans, taxes, child support, personal injury awards, and fines. If most of your debt in Bend, Oregon is not dischargeable, you might want to consider other options besides bankruptcy.

Chapter 13 Bankruptcy in Bend, Oregon

Chapter 13 Bankruptcy in Bend, 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 Bend, Oregon

Which Bankruptcy type to file under depends heavily on the facts of each particular case. If you have a steady 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 steady income or large amounts of non-exempt property, you may be better off filing for Chapter 7.

In any case, you should talk with a local Bend, Oregon bankruptcy attorney. Your attorney can advise you of your options and inform you of their likely outcome. This will make it much easier for your to make an informed choice.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Bend

Bend if located in Deschutes County, Oregon. It is the largest city in central Oregon. Per the 2010 census, it has a population of 76,639 people. Nearby sites include the Cascade Range, Deschutes River, and the Ponderosa Pine Forest.

Bend is a great place to visit for those who love to mountain bike, fish, hike, camp, or go rock climbing. Basically it is a nature-lover's heaven. Popular attractions include the Vince Genna Stadium, the Central Oregon Indoor Sports Center, the Newberyy National Volcanic Monument, Tower Theatre, High Desert Museum, and Des Chutes Historical Museum.

Bend is also home to many attorneys. These attorneys have been trained by large firms or successful solo-practitioners. Either way, Bend attorneys focus on providing residents and local businesses with excellent legal services.

Overall, Bend is a peaceful place to live and a wonderful place to visit.

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