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How Can a Bankruptcy Save Your Oregon Business?

Sears is an example of a company saved by a bankruptcy, an action that enabled it to keep its remaining retail stores open, including 17 locations in Oregon. A federal bankruptcy judge authorized the struggling retailer to sell its remaining assets to its chairman, as reported by USA Today.

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Is Chapter 11 Bankruptcy Right for Your Small Business?

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 11 bankruptcy may be a feasible option.

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What Is the Bankruptcy Means Test?

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.

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Is Chapter 13 Better for Your Credit Rating than Chapter 7?

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 about your credit after you file, then you may find one option outweighs the other.

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Are Your Student Loans Discharged when You File for Bankruptcy?

For many families and individuals in Oregon, bankruptcy is seen as a relief from immense pressure and a way to get a fresh financial start. The weight of smothering debt and constant contact from creditors can become overwhelming and bankruptcy allows you to start over with a fresh perspective.

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When Should You Create an Estate Plan?

When you think about an estate in Oregon, you probably think of the assets of someone with a lot of money. You may think of someone older as well.

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What Is the Bankruptcy Means Test and Why Does It Matter?

If you wish to file for Chapter 7 bankruptcy in Oregon, you will first need to pass the means test. According to NerdWallet, the bankruptcy courts designed the means test to limit the number of debtors who could discharge their debts via Chapter 7 bankruptcy.

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What You Need to Know Before Filing a Chapter 7 Bankruptcy

Here at Christopher J. Kane, PC, we often get asked about how to qualify for a Chapter 7 bankruptcy requirements in Oregon. There is more than one type of bankruptcy you qualify for.

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Do I Lose My Suppliers if I File for Bankruptcy?

For some Oregon business owners, bankruptcy may be the only option to save their companies from falling into a financial abyss. However, because the word bankruptcy carries a stigma of financial failure, some entrepreneurs may fear that as soon as they go bankrupt, their suppliers and vendors will walk away.

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Will Chapter 13 Get Rid of My Second Mortgage?

If your Oregon home has both a first and second mortgage on it and you fear the possibility of foreclosure due to the financial difficulties you have recently encountered, you may want to consider filing Chapter 13 bankruptcy. Why?

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