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

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What is a Dischargeable Debt in Oregon?

Submitted by Anonymous (not verified) on Thu, 06/03/2021 - 16:17

Dischargeable debts are debts that you owe which the Bankruptcy Code allows to be wiped out or erased. When you file for bankruptcy, you are immediately granted bankruptcy protection even if your debts are not eliminated yet. Filing in Oregon gives you protection from:

Bankruptcy Filing in Oregon

Submitted by Anonymous (not verified) on Mon, 05/24/2021 - 09:12

Bankrupt individuals who are struggling financially aspire to pay off all types of debt to have a fresh start. Everyone wants to experience financial freedom and have a debt-free life. If you are unable to pay back your outstanding debts to creditors, you have the option to file bankruptcy as the last resort to solve debt problems. The bankruptcy filing allows you to pursue debt settlement and restructure your finances. It is a legal process that is designed to help a debtor eliminate a part or all of the total amount that they owe to their creditor.

A Guide on How to Buy a House After Bankruptcy

Submitted by Anonymous (not verified) on Mon, 05/17/2021 - 08:09

Do you ever wonder if you can still buy a home after bankruptcy? Yes, it is possible. Even after the bankruptcy discharge, you can still be entitled to buy a new house. You just have to rebuild your credit score first, then apply for a home mortgage at the right timing.

Importance of Secured Debts in Oregon

Submitted by Anonymous (not verified) on Mon, 05/10/2021 - 12:41

If you experience financial problems that make you unable to pay the money that you owed to a creditor, declaring bankruptcy may be your last option to seek debt relief. Bankruptcy will allow you to reorganize your finances, pursue debt settlement, and pay off a creditor. Different types of bankruptcy will help you manage your finances and pay your debts.

Bankruptcy Filing and Its Effect on Your Credit Report

Submitted by Anonymous (not verified) on Mon, 05/03/2021 - 07:58

All businesses have ups and downs. Business owners know that there are inevitable cases of financial struggles and monthly income losses. These kinds of unforeseen situations may lead to the inability to pay financial obligations. Thus, filing for bankruptcy might be your only option to solve this problem. This will allow you to pay off all your debts and have a fresh start after bankruptcy. This is also a great opportunity to rebuild your credit and stay out of debt.

What is Chapter 7 Bankruptcy in Washington?

Submitted by Anonymous (not verified) on Fri, 04/30/2021 - 09:31

There are different types of bankruptcy, and Chapter 7 Bankruptcy is one of the most commonly used. In a legal proceeding, the debtor petitions to have a fresh start and obtain financial freedom by discharging his debts. Chapter 7 Bankruptcy is also known as liquidation bankruptcy because this bankruptcy form will liquidate or sell your personal property except for some properties exempt by law. The proceeds of the sale will then be used to pay the creditors.

Information You Need to Know About Bankruptcy Chapter 7

Submitted by Anonymous (not verified) on Thu, 04/22/2021 - 10:29

Filing bankruptcy is a great debt relief tool especially after suffering from financial problems and unmanageable debt. There are different types of bankruptcy, such as Bankruptcy Chapter 7, Chapter 11, and Chapter 13. This article will try to give you a quick overview of how much it will cost to file bankruptcy and how a bankruptcy filing can get your debts wiped.

Advantages and Disadvantages of Filing Bankruptcy

Submitted by Anonymous (not verified) on Sat, 04/17/2021 - 14:31

Being overwhelmed with financial debt can sometimes lead you to choose bankruptcy as a last resort. It can be a great tool for debt relief, but filing for bankruptcy is a serious decision that you have to think through. The bankruptcy filing has certain advantages and disadvantages, and it is up to you to weigh the pros and cons between filing and not filing.

Life After Bankruptcy: Tips on How to Rebuild Your Credit

Submitted by Anonymous (not verified) on Fri, 04/16/2021 - 09:43

Filing for bankruptcy in Washington or Oregon is a means to give yourself a fresh start after being overwhelmed by unmanageable debt. Many people think that debtors who filed for bankruptcy will have a hard time rebuilding their credit, especially people with bad credit scores even before filing bankruptcy. However, there are ways to increase your credit score despite having a bad credit history. In this article, you’ll learn how to improve and rebuild your credit wisely.

Filing Chapter 7 Bankruptcy: What are the Benefits and Drawbacks?

Submitted by Anonymous (not verified) on Tue, 03/30/2021 - 08:04

It is not simple to make a choice to file for bankruptcy. However, a bankruptcy filing could be the best approach to your debt and financial problems. Filing bankruptcy has several advantages that other debt-relief options do not offer.
There a lot of benefits when you file for bankruptcy but there are also few drawbacks. Our Washington & Oregon bankruptcy attorneys will go over all of the benefits and drawbacks of filing bankruptcy Chapter 7. This will help you weigh the available options for your bankruptcy case.

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