{"id":37152,"date":"2022-09-13T00:13:35","date_gmt":"2022-09-13T07:13:35","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=37152"},"modified":"2022-10-12T02:37:20","modified_gmt":"2022-10-12T09:37:20","slug":"faqs","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/chapter-13\/faqs\/","title":{"rendered":"Chapter 13 Bankruptcy FAQ"},"content":{"rendered":"
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Bankruptcy Attorney in Portland, Oregon<\/div>\n<\/h2>\n
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Dealing with overwhelming debts can often be frustrating, and to get a fresh start, filing for bankruptcy<\/a> can be your best option. In the United States Bankruptcy code, there are various types of bankruptcy available for people and families. If you are a debtor, choosing the best type of bankruptcy is a crucial decision. While it is not required to have a bankruptcy lawyer, having such is certainly a wise decision. <\/p>\n

By nature, the bankruptcy process is complicated. It takes a skilled bankruptcy attorney<\/a> to achieve the best possible results. If you or someone you know requires an affordable and quality legal representation, Michael D. O’Brien & Associates, P.C. is the best choice. Our primary goal is to educate you on the best options available and to devise an effective strategy for implementing solutions to any financial problems you may be experiencing. If you want to discuss your situation with us, contact us now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Overview of Chapter 13 Bankruptcy<\/h2>\n

\"chapter A debtor who files a Chapter 13 bankruptcy petition usually has a stable income and can repay some of the total debts owed. There are also some debtors who require more time to pay bills on time without fear of wage garnishment or a collection lawsuit. In contrast to Chapter 7 cases, where it is much quicker, Chapter 13 bankruptcy enables the debtor to restructure the bills over a period of 3-5 years or, in rare cases, pay less than what is owed. Chapter 13 bankruptcy also allows the debtors to retain all their properties, notwithstanding their value.<\/p>\n

Apart from saving your home, Chapter 13 comes with a wide range of benefits. It allows you, as a debtor, to catch up on mortgage payments and prevent foreclosure. In cases when you have a second mortgage that is no longer protected by the equity in your property, you can legally eliminate it.<\/p>\n

The Repayment Plan<\/b><\/h3>\n

The repayment plan is the proposal that you have to submit along with your bankruptcy papers. This should show the court judge how you will use your disposable income to pay all or some of your debts owed through the validity of your plan.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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How much does bankruptcy cost?<\/div>\n<\/h2>\n
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WHAT WE DO<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The cost is broken into three components \u2013 a filing fee, some mandatory class fees, and the attorney fees. As to the attorney fee, like everything, the devil is in the details which is why we provide a free case evaluation so we can learn about your problem, identify your goals, and develop a strategy to achieve those goals. Find out how much a bankruptcy will cost you.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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FIND OUT BANKRUPTCY FILING COSTS<\/span><\/i><\/span><\/span><\/span><\/a><\/span><\/span><\/div>\n<\/div>\n<\/div>\n
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Chapter 13 Bankruptcy FAQ<\/h2>\n

In this section, we will answer the most frequently asked questions in Chapter 13 bankruptcy in Oregon.<\/p>\n

Is it required to have a bankruptcy lawyer with me?<\/b><\/h4>\n

The short answer is no, it is not required. However, the success of your bankruptcy petition will have a slim chance without the assistance of an experienced attorney. Generally speaking, it is highly recommended that an individual or family should consider consulting with a competent bankruptcy lawyer before filing a case.<\/p>\n

Is Oregon Chapter 13 bankruptcy suitable for me?<\/b><\/h4>\n

It is important to remember that in Chapter 13 bankruptcy, you must prove your ability to pay some of your current and past-due debts over a period of 3-5 years. The most important aspect of Chapter 13 bankruptcy is that it allows you to keep your valuable assets, particularly your vehicle or home. Almost always, these payments will be less than your monthly payments on your car loan or mortgage, with an additional payment to catch up on any missed payments.<\/p>\n

How much will it cost to file for Chapter 13 bankruptcy in Oregon?<\/b><\/h4>\n

The filing of a bankruptcy petition under Chapter 13 now costs $281, regardless of whether you are filing jointly as a married couple or as an individual. The bankruptcy court, however, may permit you to pay this fee through installments if you are unable to pay it in full.<\/p>\n

How many copies should I file at the bankruptcy court?<\/b><\/h4>\n