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

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Bankruptcy Chapter 13: What are the responsibilities of a Trustee?

Submitted by Anonymous (not verified) on Wed, 03/24/2021 - 18:03

Having an overwhelming amount of debt is extremely stressful and managing it alone is not easy. Before you consider filing bankruptcy, it is important to understand basic bankruptcy laws, how to file, and how the bankruptcy process works. You should seek help from our Washington & Oregon bankruptcy attorneys to assist you throughout the entire bankruptcy proceeding. 

Understanding the Different Pros and Cons in Bankruptcy Filing

Submitted by Anonymous (not verified) on Wed, 03/17/2021 - 13:10

Every individual’s financial condition is different from each other. Struggling with debt and financial problems is complicated. Choosing whether to file for bankruptcy and learning how to file is likewise not an easy decision to make. To decide if bankruptcy is the right option for you, you should consult with Washington & Oregon bankruptcy attorneys. 

Chapter 13 Bankruptcy Procedure in Seattle, Washington

Submitted by Anonymous (not verified) on Tue, 03/09/2021 - 09:04

Bankruptcy filings are beneficial for individuals who are no longer capable of making payments to their creditors. There are several advantages to filing for bankruptcy. One of the main reasons why debtors file bankruptcy is for an automatic stay, which prohibits collection activities from debt collectors. This means that the debtor shall be protected from creditor harassment and wage garnishment. Another objective of filing a bankruptcy petition is to obtain a bankruptcy discharge. 

Bankruptcy Filing: The Pros and Cons

Submitted by Anonymous (not verified) on Wed, 03/03/2021 - 12:59

Businesses that are struggling with debt often consider a bankruptcy petition. Most choose this legal process to be free from some (or possibly all) of their creditor debts.
After facing a huge unforeseen lawsuit filed against the company, some are forced to declare bankruptcy. As such, business owners associate bankruptcy cases with the feeling of failure, hardship, and loss. It is regarded as a last resort when a business hits rock bottom due to financial problems. This should not be the case.

Trusting a Trustee: The Role of a Chapter 13 Trustee

Submitted by Anonymous (not verified) on Thu, 02/25/2021 - 11:08

Declaring bankruptcy is not an easy decision to make. It happens when a person or a company fails to pay back its financial obligations to creditors. Some individuals believe that bankruptcy is the only way for them to stay out of debt.

How Does Bankruptcy Chapter 7 Work

Submitted by Anonymous (not verified) on Tue, 02/23/2021 - 13:12

Filing bankruptcy Chapter 7, which is also referred to as liquidation bankruptcy, can wipe out different types of debt. This is considered one of the simplest bankruptcy forms. With a successful bankruptcy filing, a debtor can be spared from the need to repay debts that he or she owes from creditors.
Once your bankruptcy petition has been approved by the bankruptcy court, an automatic stay comes into place. An automatic stay ensures that creditors will not sue you for failure to pay back what you owe. This will also stop wage garnishment and creditor harassment.

What Does the Chapter 13 Trustee Do?

Submitted by Anonymous (not verified) on Sat, 02/20/2021 - 10:58

The Chapter 13 bankruptcy trustee appointed to your case oversees the administration of the plan. In this article, we’ll list down the tasks of a trustee and how payment is carried out.
Chapter 13 in Brief
Among the different types of bankruptcy, Chapter 13 is also known as reorganization bankruptcy, or the wage earner’s plan. Under this bankruptcy chapter, you can keep your property and prevent foreclosure.

8 TIPS ON HOW TO REBUILD YOUR CREDIT

Submitted by Anonymous (not verified) on Tue, 02/16/2021 - 10:55

It can be tough to get back on your feet after a bankruptcy. This harms your credit score and makes it hard to apply for new loans. However, it’s not impossible! With discipline and patience, you can surely get on the way to rebuilding your credit score. The following tips will help you improve your credit bit by bit
1. Keep Your Balances Low

What are the Advantages When You File Bankruptcy?

Submitted by Anonymous (not verified) on Mon, 02/15/2021 - 12:13

A bankruptcy filing is a legal proceeding that enables a debtor to repay debts from his or her creditors. For individuals who are struggling with debt and financial problems, filing bankruptcy would be beneficial. It allows them to have a fresh start and to improve their lives through proper financial management.

A Quick Guide on How to File Bankruptcy

Submitted by Anonymous (not verified) on Mon, 02/08/2021 - 09:40

There are things you should consider before filing bankruptcy. It includes your eligibility to file bankruptcy, the types of debt you owe to your creditor, your monthly income, and living expenses. Bankruptcy enables a debtor to virtually pay all of his or her debts to creditors. You should take the opportunity to look into the specifics of each bankruptcy chapter. Doing so will enable you to decide on what would be the best option for you as you work on your bankruptcy case.

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