Experienced, Compassionate Bankruptcy Lawyer
Lawyer Jonathan G. Basham has helped hundreds of people through the bankruptcy process. Contact him so that he can educate you about the entire process so that you will have a very clear and detailed understanding of bankruptcy.
Your Options in Bankruptcy
Many have heard that the bankruptcy laws have changed and that it is much more difficult to file for bankruptcy. This not true. While there are some new requirements, most people are still eligible to file bankruptcy. With the current down turn in the economy, more and more people are filing for protection.
The bankruptcy laws provide a number of procedures to meet different needs:
- Chapter 7 - also known as liquidation
- Chapter 11 - also known as business reorganization
- Chapter 12 - also known as family farmer
- Chapter 13 - also known as wage earners
Chapter 7
Chapter 7 bankruptcy is the fastest, cheapest and easiest proceeding. Most debts can be wiped out. If you have been current on your mortgage and car payments, you may be able to keep those items.
Chapter 11
Chapter 11 is for both individuals and business. It allows you to reorganize your finances while keeping assets with substantial equity.
Chapter 12
Farmers and fishermen with regular incomes may apply for this form of protection, which is specially suited to their circumstances and assets.
Chapter 13
This reorganization allows you to keep substantial assets if they are the subject to secured debts. Even if you are in the midst of foreclosure or a repossession action, you may be able to keep your home, car, boat, or other secured assets. You must make payments faithfully according to a reorganization plan. When you have completed your payments, all remaining unsecured debts are wiped out.
Contact Mr. Basham to set up a free bankruptcy consultation, and let him explain the bankruptcy laws to you.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Jonathan G. Basham
745 Northwest Mount Washington Drive
Suite 308
Bend, OR 97701-1576
Phone: 541-385-0914
Fax: 541-385-0988
E-mail