Chapter 13

The risk of losing a home or car is enough to make many people anxious. Fortunately, there are options even when you are in significant financial trouble. A Chapter 13 bankruptcy filing can cause an immediate stop on foreclosure or repossession, giving you time to catch up on payments. Under Ch. 13, the court approves a repayment plan that allows you to consolidate and pay down debt over three to five years. With the help of a Chapter 13 plan, you can make regular payments and keep most of your current possessions.

  • Why Choose Our Portland Ch. 13 Bankruptcy Lawyers?
  • 30+ Years of Bankruptcy Law Experience
  • Selected for Inclusion in Oregon Super Lawyers®
  • Top Rating of AV Preeminent® for Ethics & Skill Since 1992
  • Individualized Counsel from Start to Finish

Bankruptcy can help you keep your financial situation afloat. For a consultation, contact Vanden Bos & Chapman, LLP at (503) 664-3134 today.

Who Qualifies for Chapter 13 Bankruptcy?

You may consider Ch. 13 bankruptcy if you:

  • Are an individual with a regular income
  • Run a sole proprietor business
  • Owe less than the Ch. 13 limits for unsecured and secured debt
  • Are able and willing to create a plan for taking care of your debt

Vanden Bos & Chapman, LLP has a team of well-respected Portland bankruptcy attorneys ready to help you resolve your debt. We have been serving clients since 1981 and can put our years of experience to work on your behalf today.

How Chapter 13 Affects Mortgages & Car Loans

People often file Chapter 13 to save their home or car from the bank. When you are significantly behind on your mortgage or car loan, a bankruptcy filing may be your best option. A Chapter 13 filing does not change your house payment. However, the bankruptcy can give you time to catch up on missed payments. You will still need to make your regular monthly house payment when it is due. If you are in foreclosure already, a Chapter 13 bankruptcy can give you three to five years to catch up delinquent payments using a repayment plan.

Under certain circumstances, Chapter 13 can change your car payments. A “cram down” can allow you only to pay what the car is worth, rather than the full amount of the loan. If you successfully complete the Chapter 13 plan, the creditor discharges the rest of the debt. If the car was purchased less than 910 days before the filing, or you use the car for business, a “cram down” cannot be used.

Trust Your Ch. 13 Filing to Our Team Today

If you are afraid of losing your home or car due to debt, or you have debts that will take decades to repay, a Chapter 13 bankruptcy may be the answer. Our experienced Portland Ch. 13 bankruptcy lawyers have been recognized as authorities in the field of bankruptcy and are frequently asked to speak on issues related to this area of law. Let us put our experience to work for you by helping you create an effective Chapter 13 plan.

To review your situation with our seasoned firm, contact us at (503) 664-3134. We offer same-day appointments!

Our Clients Are Our Biggest Endorsers

  • Your compassion and understanding have really made swallowing our fate a bit easier.

    “Ann: I know this is your business, but I can’t tell you what your guidance has meant to Pat and me through this bankruptcy process. Your compassion and understanding have really made swallowing our fate a bit easier. So, thank you. You have a thankless job at times but know we are so appreciative!”

  • Thanks again to Ann Chapman and the team there for their grace and their professionalism.

    “Ann: Thanks again to Ann Chapman and the team there for their grace and their professionalism, courtesy, and excellent work at every turn.”

  • Your caring and listening ear really helped me through this.

    “Ann: I wanted to send you a note and thank you for the support and help you have given to me over the past five years. Your caring and listening ear really helped me through this. I appreciate it so much. Going through bankruptcy was a learning experience for me. I know once I can find employment somewhere I will be OK with my spending. I am not perfect, but I am so much better.”

  • I think you are the best expert!

    “Ann: I have to thank you again for all of your hard work, knowledge, time, and help you have provided me (getting through all this)! I truly appreciate what you have done. I think you are the best expert! I couldn’t have found anyone better.”

  • Thanks!

    “Ann and her staff’s top-notch professionalism with an unexpected but very appreciated warm personal touch during a rough patch in our lives AND an experience that was based on a workable plan that now has become our daily habit as we close this chapter and move on into a brighter future. A triple-combination that delivers success! Thanks!”

Choose the Right Bankruptcy Attorney for Your Case

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  • We are well-versed in all bankruptcy matters, from consumer to business affairs.
  • We have some of the most recognized and awarded bankruptcy lawyers in the state.
  • We offer same-day appointments to our clients.
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