Submitted by Anonymous (not verified) on Tue, 07/09/2024 - 12:42
Time Out for Debt! Understanding Oregon’s Credit Card Debt Limits
Understanding the legal boundaries of debt collection is crucial for anyone dealing with unpaid credit card debt. The Oregon debt statute of limitations sets a timeframe for creditors to sue for repayment, after which they lose the legal right to collect. This knowledge can greatly influence how you handle and respond to older debts.
Submitted by Anonymous (not verified) on Mon, 06/24/2024 - 19:41
Reuters reports that the debt limit for Subchapter V Bankruptcy for small businesses, initially set at $2.7 million, was temporarily raised to $7.5 million by the Coronavirus Aid, Relief, and Economic Security Act passed in 2020. However, this limit has now reverted to $2.7 million following the expiration of the Coronavirus Aid law on Friday, June 21, 2024..