Chapter 7 is quick. It’s usually best when it discharges most of your debts. Chapter 13 gives you time to address debts Chapter 7 doesn’t. A Big Difference—Time There are many practical differences between Chapter 7 and 13. Today we focus on how these two options ... Read More »
Welcome to the Portland Bankruptcy Law Blog
I'd like to help you overcome your financial problems. One good way to start is to provide you with accurate and timely information about the bankruptcy laws. I do that here through informative blog posts, with a new one published here every week. I've been doing this for years so there is a wealth of information for you here.
But please be aware that since you are unique person you need a highly personalized solution to your challenges. That requires the analysis and advice of a conscientious and highly experienced attorney. That's really the only sensible way to get the benefit of the many powerful and effective remedies that the law provides.
So I hope the information provided here is helpful to you. Please contact me for guidance to a much better place.
Can you solve your debt problems by settling, consolidating, or just not paying the debts? What are the advantages/disadvantages of each? You deserve knowing all their options, including ones other than bankruptcy. Today we look at three of them. 1. Settling Your Debts Debt settlement ... Read More »
To make this decision well, accept that you need help, become well-informed about your options, then with good counsel make the best choice. Accepting Reality How can you make a good decision about something as personal and complicated as whether to file bankruptcy? First, ... Read More »
Your bankruptcy case will make much more sense if you know the roles of the people involved, starting with debtor, creditors, and clerk. The Debtor This is the “person” filing the bankruptcy case. An individual can file a case, as can a married couple. The ... Read More »
The bankruptcy options are contained in Chapters 7, 9, 11, 12, and 13 of the U.S. Bankruptcy Code. Bankruptcy Law, Organized All of the “general and permanent laws of the United States” are contained in the United States Code. The U.S. Code is divided by subject matter into 53 ... Read More »
When you file a bankruptcy case, what exactly allows you to legally stop paying creditors? What do they get in return? Bankruptcy Is Simply a Legal Option Filing bankruptcy is one legal option to consider if you are having serious financial problems. It may or may not solve your financial ... Read More »
If you bought your home within the last 39 months or so, federal law may limit the amount of state-law homestead exemption you can use. Protecting your assets is one of the most important goals in bankruptcy. And your home is often your most important asset to protect. There’s federal ... Read More »
If you need more help on payment terms with debts that can’t be discharged, filing Chapter 13 right after Chapter 7 may be your best option. Last week we introduced the so-called “Chapter 20”—filing a Chapter 13 case right after completing a Chapter 7 one. The focus ... Read More »
If you owe too much debt but still need Chapter 13, “Chapter 20” may be your best solution. How Much Is Too Much Debt? Chapter 13 “adjustment of debts” has debt limits. A person or couple can’t be in a Chapter 13 case with more than $394,725 in total unsecured ... Read More »
With these 5 steps, you can discharge (legally and permanently write off) more of the income taxes you now owe. Your Goal Use the bankruptcy rules to take appropriate action before you file bankruptcy. Then when you do file you can discharge more taxes, which otherwise you would have had to ... Read More »