The policy underlying the Bankruptcy Code is to give debtors a Fresh Start. The Portland bankruptcy attorneys of Baxter & Baxter can help you file for bankruptcy, guide you through the process of obtaining a discharge, and make it possible for you to get that Fresh Start.
What Happens After Bankruptcy?
After the U.S. Bankruptcy Court Judge enters the final discharge order in your case, it acts as a permanent injunction against your creditors. For all debts that are not reaffirmed or otherwise continued by the Court, those creditors are permanently barred or enjoined from attempting to collect from you, including collection letters, harassing phone calls, and suing you in court. You must repay any debts that are reaffirmed, or which the Court requires you to repay.
Obtaining Credit After Bankruptcy?
It is a common misnomer that consumers cannot obtain credit after bankruptcy. It is true that the bankruptcy will have an adverse consequence on your credit score and credit report. The bankruptcy itself will appear on your credit report for ten years. You may pay higher interest rates, obtain lower credit limits, or have other conditions placed on your credit than prior to your bankruptcy. However, these are often some of the same consequences of having active collection accounts on your credit report.
This information is presented by the Bankruptcy Practice Group of Baxter & Baxter, LLP. The Portland, Oregon bankruptcy attorneys, Hillsboro, Oregon bankruptcy attorneys, and Vancouver WA bankruptcy lawyers of the Bankruptcy Practice Group represent individuals in Chapter 7 and Chapter 13 bankruptcies. We offer a free initial consultation. We can stop collection calls from debt collectors and home foreclosures. We can advise consumers whether to file for bankruptcy, and what form of bankruptcy to file.
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Baxter & Baxter, LLP
8835 SW Canyon Lane, Suite 130
Portland, Oregon 97225
(503) 297-9031 Telephone
(503) 291-9172 Facsimile
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Baxter & Baxter, LLP
421 High Street, Suite 103
Oregon City, Oregon 97045
(503) 657-6531 Telephone
(503) 291-9172 Facsimile
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Baxter & Baxter, LLP
5635 NE Elam Young Parkway, Suite 300
Hillsboro, Oregon 97124
(503) 681-9752 Telephone
(503) 291-9172 Facsimile
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Baxter & Baxter, LLP
1101 Broadway Street, Suite 213
Vancouver, Washington 98660
(360) 574-5239 Telephone
(360) 326-1613 Facsimile
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