Consult a Chapter 7 bankruptcy attorney if you are drowning in debt.
Chapter 7 bankruptcy is most commonly called liquidation bankruptcy. This makes it the perfect solution for individuals who have a large amount of debt and property that can be liquidated. With this type of bankruptcy, all property is sold off to pay creditors.
Are you searching for the best bankruptcy solution for you? For advice about the bankruptcy option for your situation, speak to Portland Chapter 7 bankruptcy lawyer Christopher Kane. This lawyer at our bankruptcy law firm brings case years of experience, helping individuals once for all conclude their debt and start over on a solid footing.
In a Chapter 7 bankruptcy, assets are liquidated to pay creditors. There are specific conditions to qualify for Chapter 7 bankruptcy. To find out your eligibility for Chapter 7 bankruptcy, there is a means test that is applied. The means test determines if your income is high for your Chapter 7 bankruptcy eligibility. Higher-income applicants may not be eligible. Call a Chapter 7 bankruptcy attorney in Portland to see if you qualify for Chapter 7.
A Chapter 7 bankruptcy allows you to pay off debt. This will finally put an end to debt collection calls. Consider that bankruptcy may remain on your credit report for 10 years. Remember your missed payments, and other defaults will also hurt your credit rating.
When you file for bankruptcy you make a rock-solid decision, because you will get started all over again, instead of postponing the inevitable.
People filing for bankruptcy usually find that this decision is the most challenging and at the same time the most prudent one they have ever made. That means that bankruptcy is not right for everyone.
To learn whether a Chapter 7 bankruptcy is the best option for you, and the benefits of bankruptcy are for your situation, speak to Portland chapter 7 bankruptcy attorney Christopher Kane. Call to speak with the attorney at our law firm.