Get Rid of Your Unsecured Debts with Chapter 7 Bankruptcy in Oregon

Posted by tony lee on August 30th, 2016

Are you thinking about filing for Chapter 7 bankruptcy in Oregon? If yes, then you are at the right place. This article offers a brief overview of Chapter 7 bankruptcy. It also discusses some tips to help you find a good lawyer for Chapter 7 bankruptcy in Oregon.

You must meet certain criteria to be eligible to file for Chapter 7 bankruptcy. First of all, your income cannot be over a certain amount to file for Chapter 7 bankruptcy. Your annual gross income is determined according to something called the “means test.” You will not be able to file a Chapter 7 bankruptcy if you received a Chapter 7 bankruptcy discharge within the past 8 years. The Court can also stop you from getting a bankruptcy discharge (i.e. get rid of your unsecured debts) if you are hiding or not disclosing any assets.

Before you file for Chapter 7 bankruptcy, you should collect your most recent financial documents you will need to fill out the bankruptcy worksheets, including tax returns, loan documents, your most recent credit card statements and bills, and paystubs, etc. It is important that the financial information you put on your bankruptcy documents matches your financial records.

Completing Bankruptcy Documents

The bankruptcy process starts with the completion of a questionnaire/worksheets, and returning copies of required documents. The documents filed with the Bankruptcy Court known as the Bankruptcy Petition shows what your assets are worth on a quick sale basis, and what debts you owe. Once all of the bankruptcy documents are complete, the “Bankruptcy Petition” is filed with the Bankruptcy Court along with the filing fee, and a certificate showing you completed a credit counseling course.

Since the entire process of filing for bankruptcy is complicated, along with making sure all your assets are property protected (i.e. exempted), most debtors hire a bankruptcy lawyer to complete the process. Therefore, you should also hire a lawyer for Chapter 7 bankruptcy in Oregon. It is advisable to look for an experienced lawyer who specializes in Chapter 7 bankruptcy.

Chapter 7 bankruptcy will get rid of your unsecured debts, stop creditor harassment, and stop a garnishment. It will offer you a chance to get a fresh start. So what are you waiting for? Hire a good lawyer for Chapter 7 bankruptcy and file for bankruptcy. A good bankruptcy lawyer who is on your side, will make things easier for you when it comes to filing for bankruptcy.
 
Author Bio:

The author is working as a freelance writer. He has written many articles and blogs on various
topics related to bankruptcy.