Portland Chapter 13 Bankruptcy Attorney
Stop Foreclosure with Vanden Bos & Chapman, LLP
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. When a Chapter 13 bankruptcy is successfully filed an automatic stay is initiated, this can cause an immediate stop on foreclosure or repossession giving you time to catch up on payments and save your home.
Under Chapter 13, the court approves a repayment plan that allows you to consolidate and pay down debt over three to five years. With help from our Portland Chapter 13 bankruptcy attorney, you can make regular payments and keep most of your current possessions.
Filing for Chapter 13 Bankruptcy in Portland?
Who Qualifies for Chapter 13?
You may consider Chapter 13 bankruptcy if:
- You are an individual with a regular income
- You run a sole proprietor business
- You owe less than the Chapter 13 limits for unsecured and secured debt
- You 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 Chapter 13 bankruptcy lawyers 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.
Can Chapter 13 Affect my 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, filing for Chapter 13 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 on delinquent payments using a repayment plan. A Portland Chapter 13 bankruptcy lawyer at our law firm can help you create a debt repayment plan that works for you.
Under certain circumstances, Chapter 13 can change your car payments.
What is a Bankruptcy
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. A “cram down” cannot be used 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.
Our experienced Portland Chapter 13 bankruptcy attorneys 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.
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.
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.”
“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!”
We provide individualized, thorough representation clients deserve.
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.
We've been advocating for clients since 1981.