McMinnville Bankruptcy Lawyers
debt relief
Let’s consider the different options you may have to reduce your debt so life is easier.
Bankruptcy, Interest Rate Reductions, Loan Refinancing, Consolidating Debt, and Repayment Terms.
Realizing that you need help with managing debt is the first step, calling us is the second.
McMinnville bankruptcy lawyers can help you decide between filing Chapter 7 or Chapter 13. Mr. Wilson will also see if there are options other than filing bankruptcy and will also stop foreclosures, in some cases.
Under Chapter 13, a debtor may set up a repayment plan to pay installments to their creditors over 3 to 5 years. If the debtor’s monthly income is currently less than the applicable state median, your plan may be for 3 years unless the court approves a longer period, for cause.
The courts approve the plan and during this time, the law forbids creditors from starting or continuing collection efforts. This includes lawsuits, wage garnishments, and no contact with the debtor for the life of the plan.
McMinnville Bankruptcy Lawyers fight for you!
