As a small business owner in Oregon, one of the last things you want to deal with is the decision of what kind of bankruptcy to declare. However, if you are at a point where you are unable to pay off your debts and risk losing your business, Chapter...
When you feel like you cannot handle your debts, then it is natural to consider filing for bankruptcy. Chapter 7 bankruptcy in Oregon pays off some of your debts by selling different properties. If you do not have the property to sell, then you can...
Making the decision to file bankruptcy is Oregon is tough enough, but having to then figure out whether to file Chapter 7 or Chapter 13 can be frustrating. You may have heard people talk about which is the better choice, but if you are concerned...
As an Oregon resident who is currently dealing with debt, you already have enough pressure to deal with without creditors banging your door down in an attempt to intimidate you. You may have heard that filing for bankruptcy can get them to stop...
When people approach the process of filing for bankruptcy, they often have a lot of questions and they may have uncertainty regarding various facets of filing for bankruptcy and how this move will affect their life. Before moving forward with a...
Starting a new business is an optimistic endeavor, yet the odds are not necessarily in your favor. While approximately 80% of new businesses survive the first year, only about half reach the five-year mark, and two-thirds or so fail before reaching...
When filing for Chapter 7 bankruptcy, debtors can have a great portion of their debt discharged. However, creditors can also have a say in the process, and in some cases, creditors may even object to discharges depending on the circumstances. The...
In Oregon and around the nation, countless people have continued to struggle with how to stay on top of their debt, despite the relatively healthy and booming economy over the last several years. Whether due to excessive out-of-pocket medical costs,...
Estate planning in Oregon can be a worrisome issue with people wondering how to ensure their loved ones are protected. Probate is the process in which the estate is settled after a person has died. While the goal of an estate plan is to address...
The question of whether bankruptcy could save your home depends on a variety of factors. However, most people who qualify for personal bankruptcy in Oregon also qualify for a significant exemption to protect the value they hold in their...
Money can be a great source of concern for many people, and all too often, your problems slowly creep up. It can be hard to know when enough is enough when you’re stuck on the inside for so long. Portland saw over 4,700 filings for bankruptcy...
When you find yourself in over your head with debt, you may consider filing for bankruptcy. Bankruptcy is the process by which you settle with your creditors in court. According to Equifax, you can settle with your creditors in one of two ways: By...
Your bankruptcy petition is a very important document. You must file it with the Oregon bankruptcy court to start your bankruptcy. This document must contain all the information the court will need to conduct your hearing and finalize your...
When people file for bankruptcy, it may make it harder to get a loan. However, it may not necessarily mean that companies in Oregon or elsewhere in the United States won’t hire them This is according to a study conducted by researchers from...
One of the most common reasons people give for not wanting to file bankruptcy is concern about the impact of bankruptcy on their credit score and future creditworthiness. Most people only know that bankruptcy will have an immediate negative impact...
A person in Oregon who files for a Chapter 7 bankruptcy can expect creditors to be issued an automatic stay. This requires creditors to stop actions against the debtor, including pursuing repossession or other actions to collect the debt. According...
Estate planning in Oregon can be a worrisome issue with people wondering how to ensure their loved ones are protected. Probate is the process in which the estate is settled after a person has died. While the goal of an estate plan is to address...
In Oregon, filing for bankruptcy offers a promising debt relief option for individuals and businesses experiencing financial distress. However, when considering bankruptcy, what you do—or do not do—before filing can affect the outcome of...
If debt is overwhelming you, you probably have preconceived notions about bankruptcy – how it means the “potential loss of everything” and how it marks you as a “failure forever.” On the contrary, bankruptcy is a federal...
When hard times hit and you start falling behind on your debt obligations, a top priority is holding onto the home you’re living in. If you’re behind in paying your mortgage on your home, the lienholder can commence foreclosure proceedings...