In very general terms, bankruptcy is the same process for everyone with similar results. It helps individuals and businesses get out from under crushing debt. But it’s at this point that the paths diverge, taking individuals in a couple of directions while taking businesses and farms in others. Bankruptcy law is a broad category.
Don’t Do It Alone
The most important piece of advice for everyone considering bankruptcy can be stated quite simply: don’t make the journey alone. In fact, if you try to make your way through this legal maze by yourself, you may end up doing more harm than good. What you should do is choose an experienced bankruptcy attorney who has years of experience offering debt relief and bankruptcy services
Find an expert in bankruptcy law in Marion County, OR to guide you through the specific situation you’re in. They can determine if your financial status falls under chapter 7, chapter 13, chapter 11, or even chapter 12. For individuals, filing under chapter 7 or chapter 13 can be stressful, complex, and almost impossible without skilled legal assistance.
This type of bankruptcy can let you discharge past unsecured debt. In almost every case, you won’t have to see a judge, but you’ll need to work with a legal specialist who can provide effective guidance towards erasing debt and starting fresh. Chapter 7 can erase most types of debt except alimony and support payments, fraud debt, student loans and taxes, so visit the website to learn more.
When you file for chapter 7 bankruptcy, you can keep your furniture, cars and house along with other personal possessions. There are minimum standards in bankruptcy law that must be met before you can begin the process, but a legal professional can help you move forward more efficiently. Contact a bankruptcy specialist today.