Bankruptcy
Zook & Zook Law provides complete and thorough Chapter 7 and Chapter 13 bankruptcy services. We would like to help you attain the fresh start that you deserve.
***IMPORTANT***
In general, the filing of either Chapter will immediately stop a foreclosure, most garnishments, and debt collection activities.
Below is a brief overview of the types of bankruptcy relief we may assist.
Chapter 7: This type of bankruptcy eliminates typically all your unsecured credit card debt, medical bills, personal loans, debts from vehicle repossession and any personal liability from a foreclosure. In some situations even tax debt can be discharged (see below for other ways tax debt can be treated). Receiving a discharge of your debts in Chapter 7 means that creditors cannot hold you personally liable for the debts or seek collection actions against you for the debts.
Chapter 13: This type of bankruptcy can be more complicated than a Chapter 7, but can provide relief beyond what a Chapter 7 can offer. With a Chapter 13, you enter into a payment plan that typically runs between 36 and 60 months. In addition to discharging credit card debt, medical debt, and other unsecured debts, a Chapter 13 case may allow you to accomplish many things. For example, you may be able to i) save your home from foreclosure and repay mortgage arrears through the payment plan, ii) remove a second mortgage lien and discharge the debt, iii) pay priority tax debt and wipe out certain penalties, iv) reduce the balance and interest rate on a car loan.
Estate Planning
Estate Planning is the process whereby a plan is created, and documents prepared to conserve, protect, and distribute estate assets before and after death for the benefit of loved ones and charities.
Proper estate planning will always take into consideration the effect of state and federal tax and administrative laws and regulations. It can also involve planning for the use of your assets for your care if you become unable to manage your affairs during your lifetime. If you own a home, have some savings, or own any goods such as a car or furniture, then you have an estate. Planning for the future will affect the financial security of those you love. If you don't plan for what happens to your estate upon your death, the government will make those decisions for you.
We will professionally and diligently execute the proper documents and advise you on how to notify executors, trustees, and potential legal guardians.
Probate
Probate is a legal process whereby a court oversees the distribution of assets left by a deceased person.
Assets are anything a person owns with value, such as real and personal property and cash, for instance. It is important to note, however, that probate is not always necessary. If the deceased person owned bank accounts or property with another person, the surviving co-owner often will then own that property automatically. Additionally, if a person dies leaving very few assets, such as personal belongings or household goods, these items can be distributed among the rightful beneficiaries without the supervision of the court.
An analysis of the estate would determine the direction needed to be taken, if any. We can assist with that determination.
Contact
➤ LOCATION
12725 sw Millikan Way, Suite 300
Beaverton OR 97005
Parking garage located at 12655 SW Millikan Way, Beaverton, Oregon 97005