Articles from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa

Collection lawsuit papers are NOT like all the rest of the collection letters that have likely been piling up for months.  There are usually real consequences to a lawsuit. If you get served with a lawsuit, it’s understandable if you believe that there is nothing you can or should do about it.  But doing nothing is almost never a good idea.
Why not?

Using the Bankruptcy Laws to Your Advantage

Through Tacoma bankruptcy, you may be able to and want to pay a co-signed debt. If not, you need protection from that debt and from your co-signer. A friend or relative may have helped you earlier by co-signing a debt for you. But now you find yourself needing relief from all or most of your debts through either a Chapter 7 “straight bankruptcy” or a Chapter 13 “adjustment of debts.”

An Automatic Stay is when you file a bankruptcy case creating one of the most powerful tools in bankruptcy—the “automatic stay.” This protective order automatically goes into effect the instant Northwest Debt Relief Law Firm files your case at the bankruptcy court and “stays”—which means stops—all collection activity against you and anything you own.
What Creditors Can’t Do
The Bankruptcy Code includes a list of what creditors cannot do because of the “automatic stay.” Focusing on those applicable to the IRS/state, creditors can’t: