Chapter 7 may still give you enough help even if you have one or more debts that you will continue to owe afterwards. The last two weeks we’ve covered three possible complications in Chapter 7 “straight bankruptcy” cases. If you: have relatively high income have ... 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.
Chapter 7 may or may not give you enough help if you are behind on your home mortgage and/or vehicle loan. Last week we got into two possible complications for Chapter 7 cases: if you have relatively high income, or if you have non-exempt assets—those that are not protected from ... Read More »
Most Chapter 7 “straight bankruptcy” cases are in fact straightforward. Here are two of the main circumstances that create complications. Your Income is Higher than “Median” To qualify to file for a Chapter 7 “straight bankruptcy” case, you have to ... Read More »
How does consumer bankruptcy protect your personal and/or business assets that you gave as collateral on a loan? Liens Generally Survive Bankruptcy When you provide collateral to secure a creditor’s loan, you let the creditor put a lien on the collateral. The creditor then just needs to ... Read More »
How does consumer bankruptcy protect the furniture, computer and such that you bought on credit? Most people’s big worry about their collateral-secured debt is about their vehicle loan and/or home mortgage. So, appropriately most decisions about whether to file a Chapter 7 ... Read More »
Here are 7 ways filing a Chapter 7 case can help you deal with your home lender and 8 ways filing a Chapter 13 one can. If you’re buying a home, your mortgage and other related debts are probably your biggest and most important ones. So it’s no surprise that the choice ... Read More »
A Chapter 7 case makes sense if you want to keep your vehicle and don’t need much help doing so. Chapter 13 provides much more help. In deciding between Chapter 7 and Chapter 13, for your vehicle loan is concerned, think about the two sentences above. First, you don’t need ... Read More »
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 »
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 »