It is not too soon to get advice regarding your financial matters. Clients often say that they wish they would have gotten advice sooner, in part because after consultation they feel relieved. You too can feel that way.
I am happy to explain to you what your legal rights are, and your options. Having knowledge, and developing a plan, are key to successfully navigating your way through financial struggles.
Do not liquidate your retirement accounts, investments, and savings, before talking to a lawyer, whether it is me or someone else. Even if you are not sure that Bankruptcy is the right option for you, talking to a legal expert about your options and developing a plan to address your financial issues will help reduce your stress, and to set realistic goals.
What is a Chapter 7 Bankruptcy case?
Chapter 7 is the chapter of the Bankruptcy Code providing for “liquidation,” ( i.e., the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors).
Will you lose everything?
The Oregon Bankruptcy Court follows the statutory exemptions that the Oregon Legislature has established for your assets. That means that your equity in certain assets is exempt from your creditors, in Bankruptcy or in a creditor collection case. You can maintain equity in assets up to these established amounts. I am happy to discuss how the exemptions might help you keep your assets in a collection or Bankruptcy matter.