HOLIDAY DEBT CURES
By:  Steven P. Taylor, Attorney at Law
It is that holiday season again. A number of potential debt traps exist that could lead to long-term credit card bills for payment of holiday things such as Thanksgiving dinners and Christmas presents and the travel to each that we must pay for.

HOLIDAY DEBT CURES
By:  Steven P. Taylor, Attorney at Law
It is that holiday season again. A number of potential debt traps exist that could lead to long-term credit card bills for payment of holiday things such as Thanksgiving dinners and Christmas presents and the travel to each that we must pay for.

Prospective Chapter 7 Bankruptcy all across the state of Oregon should be cheered by the news that it is now going to be a little bit easier to qualify. The US Trustee recently divulged that the median income in Oregon for purposes of the means test have been adjusted upwards for most families
Here you can see the difference:
New Means Test Numbers

OREGON

Family of One
$44,779

Family of Two
$55,568

Family of Three
$60,693

Family of Four
$70,812

Old Means Test Numbers

OREGON

Think back to a time when you didn’t have any credit cards.
Life was simpler, wasn’t it? Buy something and pay for it once, never worrying about interest charges or falling behind.
It can be that way again. All you need to do is approach the world with the same level of rationality as you did in the past.
Here’s how.

What happens when a creditor has a judgment against you? Some debtors make the mistake of ignoring the summons and experience a rude awakening when their wages or their bank account gets garnished.  You have a certain amount of time to answer the judgment before further legal action is taken against you.  If you fail [...]

Ever forget where you put your keys? This clunky mass of metal and plastic, a critical piece of your day-to-day life, just goes missing.
Frustrating, but it happens. And most of the time, you’ll eventually find them sticking out of the lock of the front door or buried under a pile of mail on the table.
The fact that you can forget something so important makes it easier to understand how you can forget a particular creditor when compiling information for your bankruptcy case.

In Willy Wonka and Chocolate Factory, everyone was hunting for the Golden Ticket so they could get a tour of the chocolate factory.  The Golden Ticket in every chapter 7 bankruptcy in Fresno, and everywhere else, is the Discharge Order.  

Debtors may be under the impression they are unable to get student loan debt discharged.  While this may be the case for some, others may qualify to have this debt eliminated but don’t bother asking their attorney about it.  When you file you are expected to list debt obligations you have outstanding, including those that [...]

Most people have a vision of debt settlement that doesn’t match up with reality.
I started seeing debt settlement ads on television and the radio when I first began practicing law in 1995.
What originated as a small industry became a behemoth seemingly overnight as the economy tanked and everyone started realizing they couldn’t possibly pay all their debts.

A Chapter 13 bankruptcy plan can help you get your finances back in order.  As a court-approved repayment plan that restructures debts, you may be able to make reduced payments on obligations based on your income ability.  Yet, there are certain debts you are required to pay as part of the agreement, including secured debts [...]