Chapter 7 * cases starting at $1000 in attorney fees plus court filing fees of $338
Chapter 13 * cases starting at $750 down which includes the filing fees and then hourly work will be billed
* Please note that all cases require a full consultation before an individual attorney fee quote can be made

Payment Plans Available. Call For A Free 1-Hour Consultation. 

A+ Premier Attorney Rating | The National RegistryA+ Premier Attorney Rating | The National Registry
Awarded | Top 100 Bankruptcy | Blog
A+ Premier Attorney Rating | The National Registry
Photo of Kim Covington

A Personalized, Sensitive
Approach To Bankruptcy

Oregonians may want to consider Chapter 7 to stop foreclosure

On Behalf of | Oct 11, 2013 | Chapter 7 Bankruptcy

For many people living in Oregon, a house is more than just a place of residence; rather, it is a home filled with love, laughter and fond memories. So when faced with the prospect of losing your home to foreclosure, it can be extremely discouraging and emotionally devastating. Even when faced with financial challenges such as overwhelming debt and foreclosure, however, you may be encouraged to learn that there are ways to stop foreclosure and find a fresh financial start. Chapter 7 bankruptcy is one such option that you may want to consider.

Chapter 7 offers an automatic stay for homeowners faced with foreclosure. When you file just prior to a foreclosure sale, you can extend the process anywhere from 6 weeks to 3 months, depending on how long the process takes. During that time, the judge presiding over the bankruptcy court will decide if the property is eligible to be exempt from the proceedings. Once you file for bankruptcy, the lienholder on your home is required to file a motion with the court before it can legally continue the foreclosure process. A hearing will typically be set one month after the motion is filed. After the hearing, the judge will either grant the lender’s request to move forward with the foreclosure sale or declare the property exempt.

Only primary residences will be considered as bankruptcy exemptions in Oregon and even after filing for Chapter 7, you will still need to make payments on your mortgage. Otherwise, you could still lose it. For more information on how filing for personal bankruptcy could help your unique financial situation, you should speak with a bankruptcy attorney.

Source: Fox Business, “File Bankruptcy to Stall Foreclosure?” Justin Harelik, October 2, 2013.

FindLaw Network

Learn More About Your Fresh Financial Start

The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.