If you’re interested in filing for bankruptcy in Oregon, it’s time to learn more about the process with our step-by-step guide. Our Oregon law firm helps people in tough financial situations every day, so we know what we’re talking about. Here are your first steps toward financial freedom.
-
Get a Bankruptcy Attorney
You’re probably thinking, “Of course a bankruptcy law firm says I should hire an attorney”. There is a very good reason we recommend getting a bankruptcy attorney – the bankruptcy process is not as simple as it may seem on the surface. Many legal pitfalls can cause trouble for unrepresented debtors during the process. If you make a mistake, it’s often not so simple to fix once your case is in the federal court system. It’s best to trust the professionals who already know which questions to ask and which paperwork to fill out. Your bankruptcy attorney can tailor their advice to your unique financial circumstances and help you create a plan for moving forward.
-
Gather Financial Documents
The next step in filing for bankruptcy in Oregon is gathering all your financial documents. Make sure you get statements for each debt you owe, including credit cards, loans, overdue medical and utility bills, mortgage payments, car notes, everything. You also need documents showing all of your income, including jobs, 1099 contractor income, tips, bonuses, and investments. If you don’t have or can’t find a document showing a debt or income, tell your bankruptcy attorney. They need to know about your complete financial picture in order to accurately assess which type of bankruptcy you should file and what you should disclose in the legal filing. Honesty is the best policy when it comes to bankruptcy.
-
Prepare for Filing and Complete Credit Counseling
Keep in touch with your attorney regularly as they prepare to file your bankruptcy petition. If there are any changes to your financial situation before it’s filed, let them know right away. In addition, bankruptcy filers in Oregon must complete a credit counseling briefing within 180 days before filing for bankruptcy. Make sure you meet the requirement and send your attorney the certificate of completion, because it must be filed with your bankruptcy petition.
-
Stop Harassment from Creditors
If you have creditors knocking at your door, calling incessantly, or sending threatening letters, you’ll be relieved to hear that there is a way to make it stop. Shortly after your attorney files the bankruptcy petition for you, the court will impose an “automatic stay” on creditor collection efforts. The court notifies your creditors, but sometimes creditors ignore the notices or don’t receive them. If you’re still hearing from creditors, tell them you have filed for bankruptcy and give them your attorney’s contact information. Moreover, if you experience any misleading, abusive, or threatening behavior from creditors before or after filing for bankruptcy, tell your attorney immediately. You may have the law on your side.
-
Follow the Court’s Orders
Finally, as your case moves forward, make sure to follow any orders the court makes. For example, if you file for Chapter 13 bankruptcy, the court will set up a payment plan for you. Make your payments on time every month. Notify your attorney well in advance if there is ever any issue making the payments, as a missed payment could delay or disrupt your ability to get debts discharged. When all goes to plan, you will be on your way to a better financial future.
Frequently Asked Questions
How do I find an experienced bankruptcy attorney I can trust?
We recommend going to a free consultation (contact us to schedule) to see if it feels like a good fit. You should be looking for a combination of bankruptcy experience and advice that is tailored to your particular financial situation.
Does your office handle both Chapter 7 and Chapter 13 bankruptcies? I’m interested in learning about my options.
Yes, our team works with clients who file for Chapter 7 and Chapter 13. We’re very familiar with the different laws that apply to the two different chapters, and some nuances could affect your case. Please give us a call so we can talk through your options.
Reach Out to Our Bankruptcy Team to Learn More
If you need to turn over a new leaf with your finances due to debts, reach out to our firm for legal advice. We offer free and confidential consultations in Oregon. The Law Offices of Alexzander C.J. Adams, P.C. can educate you about your debt-relief options and provide legal services to help you get a fresh start. To learn more, call us at 503-278-5400 or toll-free at 888-560-8146, or you can complete our online contact form. We look forward to hearing from you!
