Roseburg Bankruptcy Attorneys
Have you and your family been financially overwhelmed by the recent downturn in the economy? Are you facing foreclosure? Have you had medical bills that have wiped out your savings? At the law firm of Shlesinger & deVilleneuve, we help average Americans who have been devastated by the loss of a job, unforeseen medical expenses, or homes that are no longer worth what they paid for them. Most of the victims of the recession are hard working members of the middle class who – through no fault of their own – have no choice but to declare bankruptcy. We can advise you on your financial course of action, and determine whether a Chapter 7 or a Chapter 13 bankruptcy is an option for you. The top six reasons people declare bankruptcies are:
- Medical Expenses: This is the number one cause of bankruptcy; 62% of all bankruptcies are due to medical costs; 78% of those bankruptcies had health insurance.
- Job Loss: The downturn in the economy caused loss of jobs through layoff or termination across the country; many are still unable to find comparable work.
- Divorce/Separation: A divorce creates enormous financial strain due to legal fees, division of assets, child/spousal support, and the cost of keeping two separate households.
- Foreclosure or Short Sale: The decline in housing prices has left many with mortgages they could no longer afford, and devalued homes they are unable to sell.
- Poor/Excess Use of Credit: The unrestrained spending and use of credit cards, installment debt, and car and mortgage payments has been the cause of many bankruptcies.
- Unexpected Expenses: At times, there are simply unforeseen or catastrophic losses due to fire, theft, earthquakes, floods, and tornadoes that are unrecoverable because the property was uninsured.
Filing Bankruptcy? We Can Help!
If you are facing an overwhelming financial crisis, such as the loss of a job, a home, or enormous medical care costs, declaring bankruptcy may be the best – and sometimes only – option to consider. There are two types of bankruptcy open to most individuals, a Chapter 7, or a Chapter 13 bankruptcy. Both of these forms of bankruptcy are meant to either eliminate many debts, or reorganize and repay them over a period of time. Both types of bankruptcy will provide you some relief from your debt, however, you should know that filing either Chapter 7 or Chapter 13 will have an adverse impact on your credit history for up to seven years.
- Chapter 7 Bankruptcy: A Chapter 7 will you from having to pay most if not all of your debts; the exceptions to this include spousal support, child support, back taxes, and student loans. The main advantage to file Chapter 7 is you will no longer be responsible for paying back the debts that you owe. A primary disadvantage is that, often times, you will be required to sell your property and/or home.
- Chapter 13 Bankruptcy: Essentially, a Chapter 13 bankruptcy rearranges your debt into a payment schedule that usually spans three to five years. This type of bankruptcy is more expensive to file, however, most of the time you are able to keep your home and/or property.
At Shlesinger & deVilleneuve, our bankruptcy division is expertly lead by a skilled and experienced financial attorney, Kevin Swingdoff. Kevin has more than 25 years of experience in financial law, and is devoted to providing guidance to those who find themselves caught in the ugly cross hairs of financial crisis. Kevin and his team will provide you with the information and the counsel that you need to thoroughly understand your options and decide what would be in your best interest. Shlesinger & deVilleneuve has successfully handled over 1000 bankruptcies each year, and we can help you negotiate what is often a very long and complex process quickly. Call us today to schedule a complimentary legal assessment to discuss what your options are, and our reasonable fee structure. Your welfare is our main concern; let Shlesinger & deVilleneuve help you find your way back to financial peace of mind!
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