While bankruptcy is a scary word, you need not be too concerned. With your Medford Oregon bankruptcy attorney by your side, you have nothing to worry about. Especially if you think that bankruptcy is a terrible thing even to consider.
You may very well be in a tight spot where foreclosure is looming, your creditors are constantly hounding you, and your partner is threatening to divorce you as she cannot handle the pressures of life anymore. This is not the time to drown your sorrow with alcohol or so many of the common addictions around today.
You need to face your problems head-on, and we can assure you that there is no better way than turning to you trusted attorneys Medford Oregon to show you how it is done. We found them to be professional in their dealings and that you can confide in them knowing that all your secrets will not be blurted out to your closest friends or family.
They have the experience needed to deal with any situation which can be seen from the positive reviews they received from previous clients of theirs.
For more information on other justices, read here about the supreme court.
Why Would I Want to Make Use of a Bankruptcy Attorney in Medford Oregon?
First off, they will not just treat you like a number, but take a personal interest in your financial problems and will work with you in finding a workable solution by either letting your file bankruptcy through chapter 7 or chapter 13.
What is Involved When Filing for Chapter 7?
This form of bankruptcy is known as “straight bankruptcy.” People in America who go for this option will have little or no assets to pay their creditors and will have all their debts discharged.
There are a few regulations that apply over here:
- You need to qualify to file for chapter 7 which will be based on your income as well
- The bankruptcy trustees may sell your nonexempt property to pay the creditors
- The exempt property will be kept by you and is protected from the creditors
- This type of bankruptcy filing applies to medical bills and credit card holders
Your bankruptcy attorney directory in Medford will advise you of the best options. While
many people in the US are on the brink of financial disaster, not many of them are in a good position to know which one of bankruptcy, chapter 13, chapter 7, would the better one to choose.
In our modern era, it is hard to find someone that is reliable to represent your case discretely and professionally. Your bankruptcy attorney would have kept him or herself updated by attending the National Association of Consumer Bankruptcy Attorneys as well as the American Bankruptcy Institute.
This enables the attorney to know first hand what the law would or would not allow regarding bankruptcy laws. By knowing this, they will be able to give you sound financial advice as well as give you proper guidance through the whole process.
Getting Help in Dealing with The Bankruptcy Process
Most of the times when people are at their wit’s end, they turn to bankruptcy attorneys for help which will ultimately lead to the client declaring bankruptcy. Once they have made the decision, they would be in the position to rid themselves of all financial problems by using either chapter 7 or chapter 13 bankruptcy.
As both are different to each other, the person filing would need the help of their bankruptcy attorney to get them through the various processes involved in filing bankruptcy.
Then there is chapter 11 bankruptcy to make things even more complicated for the inexperienced. This is exactly why you would need the assistance of your bankruptcy civil attorney in Medford Oregon that have dealt with the whole process and knows what is involved in all the different forms of bankruptcy one can opt for.
It will not be a bad thing, and no one ever has to feel ashamed for approaching their bankruptcy attorney in helping them file bankruptcy.
Some might want to forge ahead and try to do it themselves. It may prove to be too difficult in filing your case without the help of a bankruptcy attorney. This is due to bankruptcy being a multi-step process which is not easy to handle on your own.