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.

Virginia Mortgage Relief HAF Program Runs Out of Money
Virginia Mortgage Relief HAF Program was financed by the American Rescue Plan

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..

The Business Journals is reporting that SBA Loans have created a wave of bankruptcy filing.  The story can be found at https://www.bizjournals.com/charlotte/bizwomen/news/latest-news/2024/06/sba-covid-eidl-loan-bankruptcy-congress-banks.html

Can You File for Chapter 7 Bankruptcy? Unveiling the Income Limits
Living in Portland, OR and struggling with overwhelming debt? You might be considering Chapter 7 bankruptcy as a way to achieve a fresh financial start. This legal process allows you to discharge most unsecured debts, providing much-needed relief.  However, eligibility for Oregon Chapter 7 income limits play a role in determining if this is the right option for you.
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Let’s schedule a meeting now. We know the Trustee will object.
When your Zoom meeting with Thomas Gorman is over, he’ll go back to his desk and send us his objections to our Chapter 13 plan. He always does.

Bankruptcy and Credit Cards: What You Need to Know
Bankruptcy is a tough journey, often marked by financial stress and uncertainty. However, it’s not the end of the road but rather a new beginning towards financial recovery. One significant step in this journey is rebuilding credit. Among the tools available for rebuilding credit, credit cards stand out as powerful tools if managed wisely. Getting a credit card after bankruptcy is possible, but it might take some extra effort.