{"id":37267,"date":"2022-10-07T22:38:57","date_gmt":"2022-10-08T05:38:57","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=37267"},"modified":"2022-11-13T22:41:33","modified_gmt":"2022-11-14T06:41:33","slug":"bankruptcy-reorganization-plans","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/bankruptcy-reorganization-plans\/","title":{"rendered":"Bankruptcy Reorganization Plans"},"content":{"rendered":"
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Bankruptcy Attorney in Portland, OR<\/b><\/h2>\n

If you have debt problems, declaring bankruptcy<\/a> might be beneficial for you. It is essential to comprehend what bankruptcy is and what alternatives exist. As bankruptcy is not permanent, it may allow you to clear your debts and start over.<\/p>\n

Your non-essential assets (property and possessions) and excess income are used to pay off your creditors when you declare bankruptcy (people you owe money to). At the conclusion of the bankruptcy, the majority of debts are discharged.<\/p>\n

The High Court has the authority to declare you bankrupt by issuing a “bankruptcy order” in response to a “bankruptcy petition.” A petition can be submitted by:<\/p>\n