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

Primary tabs

Declaring Bankruptcy Chapter 7: Discharged Debt and the Means Test

Submitted by Anonymous (not verified) on Thu, 02/04/2021 - 09:00

Most people having financial problems choose to file a petition in bankruptcy court. Bankruptcy attorneys get numerous calls and inquiries on such, particularly on related pros and cons.
The fact that rebuilding credit after bankruptcy can be difficult is indeed a down-side for some, but the bankruptcy filing in one’s credit report can be countered. Credit scores will improve and you will eventually be able to get credit. Furthermore, this minor disadvantage is worth the chance to pay back a creditor or even wipe out debts and have a fresh start at life.

Rebuilding Credit and Improving Your Credit Score After Bankruptcy

Submitted by Anonymous (not verified) on Sat, 01/30/2021 - 16:02

Not everyone understands how important it is to improve your credit score. That is until they find themselves in circumstances where credit score is extremely crucial. This could include proceeding with a credit card application, borrowing from a specific lender, or other instances where your credit history will determine if you can get credit or not. Almost always, a potential creditor will check the credit report of the borrower.

How Filing for Bankruptcy May or May Not Help with Student Loans

Submitted by Anonymous (not verified) on Mon, 01/25/2021 - 15:52

Most people who proceed with filing bankruptcy cases do so to have their debts eliminated and have a fresh start financially. The different types of bankruptcy can help with financial problems either through liquidation of assets (that could wipe out debts) or through a creditor payment plan (as approved by the bankruptcy court).
Declaring bankruptcy is difficult without legal help from the right people. While filing bankruptcy can indeed enable you to have several types of debt discharged, note that your student loan debt will likely not be part of the list.

What are the Pros and Cons of Filing Bankruptcy?

Submitted by Anonymous (not verified) on Wed, 01/20/2021 - 15:30

Dealing with debt is not an easy process. Seeking legal help is necessary when working on debt management. Filing for bankruptcy enables a debtor facing financial problems to wipe out debts without having to repay everyone in his or her creditor list. A declaration of bankruptcy helps individuals and businesses seeking debt relief. Consulting a trusted bankruptcy lawyer will be beneficial for you to understand the complexities of bankruptcy law. He or she can discuss how to file a bankruptcy petition and avoid mistakes as you go through the tedious bankruptcy process.

What Happens When You File Bankruptcy?

Submitted by Anonymous (not verified) on Fri, 01/15/2021 - 15:18

For most consumers, declaring bankruptcy is a debt relief solution that allows them to get a fresh start in life. However, deciding to file for bankruptcy is a big decision. That’s why it’s important to understand what happens when you file for bankruptcy.
If you’re struggling with debt, reach out to an experienced bankruptcy attorney to discuss which types of bankruptcy can provide you with debt relief.
How Bankruptcy Works

Rebuilding and Getting a Fresh Start through a Bankruptcy Filing

Submitted by Anonymous (not verified) on Sun, 01/10/2021 - 15:08

If you are struggling with debt that you cannot repay, you should look closely into filing bankruptcy. Financial problems and debts are often caused by sudden unemployment, divorce, or emergency medical expenses that you have to pay off.  If you are tired of receiving unending creditor notices and calls from individual debt collectors, collection agencies, or credit card companies, consult with reliable bankruptcy attorneys. Aside from helping you understand the essentials of bankruptcy law, they can explain to you how to rebuild and have a fresh start through the bankruptcy process.

Pros and Cons of a Bankruptcy Filing

Submitted by Anonymous (not verified) on Tue, 01/05/2021 - 14:50

A bankruptcy proceeding has pros and cons, be it a Chapter 7 liquidation or a Chapter 13 reorganization. While filing bankruptcy can help, keep in mind that not all types of debt can be wiped out when you file for bankruptcy. Bankruptcy proceedings can wipe out your credit card debt, medical debt, and certain tax debt but not alimony, child support, student loans, and other secured debt. Below are other things that will help you see how declaring bankruptcy may or may not help with your financial problems.
How can a bankruptcy petition help you?

Filing Bankruptcy: Advantages and Disadvantages

Submitted by Anonymous (not verified) on Wed, 12/30/2020 - 16:57

A bankruptcy filing is a legal process that enables debtors to overcome financial problems and deal with their burdening amount of loans and debt. A bankruptcy petition may also help an individual have a fresh start at life. There are, however, certain things you need to consider before declaring bankruptcy:

What Do Bankruptcy Discharges Mean?

Submitted by Anonymous (not verified) on Wed, 12/23/2020 - 16:43

While every Chapter 7 and 13 bankruptcy case ends with a bankruptcy discharge, not all kinds of debt may end up in bankruptcy discharges. Knowing ahead of time which debts the court may or may not be discharged can help you avoid a major disappointment and prepare for what’s to come. This article discusses which debts can be wiped off and which debts you will still need to pay back to your creditors. 

Things You Should Know Before Filing for Bankruptcy

Submitted by Anonymous (not verified) on Mon, 12/14/2020 - 16:28

Not a lot of people are familiar with the bankruptcy process, more so how to file bankruptcy forms. Bankruptcies allow individuals to repay their debts in a relatively less stressful manner. Bankruptcy filing starts when debtors file a petition in court. There are several types of bankruptcy. The circumstances, resources, and goals of the individual who decides to file bankruptcy are all taken into consideration. The most common bankruptcy cases are under either Chapter 7 or Chapter 13.

Pages