Portland Bankruptcy Attorney

Bankruptcy Lawyer Portland Or

Portland Bankruptcy Attorney
CALL 503-380-7822
email-iconmap-marker
  • Home
  • Bankruptcy
    • Personal Bankruptcy
    • Business Bankruptcy
    • Zero Down Bankruptcy
    • Foreclosure
    • Chapter 7 Bankruptcy
    • Chapter 13 Bankruptcy
  • Estate Planning
  • About
  • Contact

Complications to a Chapter 7 Case

March 13, 2017 by Chris Kane

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 »

Filed Under: Chapter 7 Tagged With: assets, means test, median household income, median income, non-exempt assets, protecting property

What’s the Size of Your Family for the “Means Test”?

March 28, 2016 by Chris Kane

Use the right “number of people in your household” to qualify for Chapter 7. Sometimes obvious, but not always.   Our last blog post last week was about which state to use for the “means test” when you have connections to more than one state. The way you answer that question can be crucial ... Read More »

Filed Under: Bankruptcy Procedure, Chapter 7 Tagged With: Chapter 7, disposable income, means test, median family income, median income, Oregon median family income, Portland bankruptcy lawyer, Portland means test

What Is Your State for the “Means Test”?

March 25, 2016 by Chris Kane

You must use the right “state in which you live” to qualify for Chapter 7. It’s not always obvious.   Our last blog post a couple days ago was about the unique definition for “income” as used in the “means test.” Understanding this definition and applying it to your advantage can be ... Read More »

Filed Under: Bankruptcy Procedure Tagged With: Chapter 7 bankruptcy, means test, median family income, median income, monthly disposable income, U. S. Trustee

What is Considered “Income” for the Chapter 7 “Means Test”

March 23, 2016 by Chris Kane

“Income” is not what you think it is—it’s much broader than usual and fixates on the 6 full calendar months before your bankruptcy filing.   Our last blog post a couple days ago was about an upcoming cost of living adjustment of median family income amounts. This ... Read More »

Filed Under: Bankruptcy Procedure Tagged With: disposable income, means test, median family income, median household income, median income, monthly disposable income

The New Median Income Amounts for the Chapter 7 “Means Test”

March 21, 2016 by Chris Kane

Besides the many 3-year cost of living increases happening on April 1, 2016, new median income amounts also start applying on the same day.   Last week we finished a series of about a dozen blog posts related to an every-3-year cost of living adjustment of many of the dollar amounts that are ... Read More »

Filed Under: Bankruptcy History, Bankruptcy Procedure Tagged With: cost of living increase, disposable income, income, means test, median family income, median income

The Military Exemptions from the Chapter 7 “Means Test”

March 18, 2016 by Chris Kane

You qualify for Chapter 7 without having to pass the “means test” if you fit within these very specific military-related exemptions.    Short Introduction to the “Means Test” The “means test” determines whether you have enough income after your expenses ... Read More »

Filed Under: Bankruptcy Procedure Tagged With: Chapter 7, disposable income, means test, median household income, median income, military exemptions from means test

Larger Families More Likely to Qualify for Shorter Chapter 13 Cases

March 11, 2016 by Chris Kane

Soon families of larger than 4 people can have a bit more income and qualify for a 3-year Chapter 13 payment plan instead of a 5-year one.   How could it be that larger families can have shorter Chapter 13 “adjustment of debts” cases? The reason is that on April 1, 2016—as ... Read More »

Filed Under: Chapter 13 Tagged With: Chapter 13 plan, income, length of plan, median household income, median income

A Chapter 7 “Means Test” Calculation Adjustment

March 7, 2016 by Chris Kane

As of April 1, 2016 you can have a little more "disposable income" and still pass the "means test" to qualify for Chapter 7 bankruptcy.   Means Test The “means test” determines whether you have enough income after your expenses (that is, enough “disposable income”) to ... Read More »

Filed Under: Bankruptcy History, Chapter 7 Tagged With: business debts, disposable income, exemption from means test, IRS, means test, median income

Bankruptcy Timing and the Holidays: Filing in January to Qualify for Chapter 7 or Shorten Chapter 13 Case

December 28, 2015 by Chris Kane

Think about filing bankruptcy in early 2016 if you had some extra source of money in mid-2015.   Some people can take advantage of the peculiar way that bankruptcy law calculates “income” for purposes of the “means test” by filing their Chapter 7 case with the right ... Read More »

Filed Under: Chapter 13, Chapter 7 Tagged With: Chapter 13 plan, commitment period, disposable income, income, means test, median income

Making Sense of Bankruptcy: The Truth about Qualifying to File a Chapter 7 Case

August 7, 2015 by Chris Kane

The reality is that most people who want to file a “straight bankruptcy” Chapter 7 case can do so; if not, Chapter 13 may be better anyway.   Here's the sentence we're exploring today: Although there’s some understandable confusion about this, if a Chapter 7 bankruptcy would ... Read More »

Filed Under: Chapter 7 Tagged With: Chapter 13, Chapter 7, disposable income, means test, median income, passing the means test

  • 1
  • 2
  • Next Page »

Recent Posts

  • No link found between bankruptcy and employment prospects
  • Creditor found in violation of automatic bankruptcy stay
  • What are the short- and long-term credit impacts of bankruptcy?
  • Bankruptcy Attorney Portland, Or | Bankruptcy Lawyer Oregon | Christopher J. Kane P.C.

Categories of Blog Posts

  • Portland Bankruptcy Attorney
  • Personal Bankruptcy
  • Business Bankruptcy
  • Stop Foreclosure
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Zero Down Bankruptcy
  • Filing Bankruptcy in Oregon
  • Testimonials
  • FAQ
  • Blog

FREE CONSULTATION

GET A FREE CONFIDENTIAL CONSULTATION THIS MONTH.
*Please see below.

CONTACT

Christopher J. Kane, P.C.

Address: 2207 NE Broadway, Suite 100, Portland OR 97232

Phone: 503-380-7822

Email: chris@ckanelaw.com


We are a debt relief agency.

We proudly help people understand their options and, if appropriate, help them file for bankruptcy relief under the Bankruptcy Code.

DIRECTIONS

CONNECT

  • Email
  • Facebook
  • LinkedIn
  • Twitter
Avvo - Rate your Lawyer. Get Free Legal Advice.
Best Bankruptcy lawyers in Portland
Best Bankruptcy Lawyers in Portland

* Using this form, or email, for communicating with us does not establish an attorney-client relationship, until we do that in writing. So please do not send confidential or time-sensitive information through this form or by email. You affirm that you have read and understand this disclaimer.
CAUTION: This website is to provide visitors with basic information about our firm, and information about how to contact us. Every situation is different, and no information on this website is legal advice on any specific question. You should not act on any of the information without first conferring with an attorney licensed in your jurisdiction. No attorney-client relationship or privilege is formed by visiting this site or by unsolicited email. Therefore, initial emails should not contain any confidential information. We may already represent parties adverse to you and cannot advise or represent you until we check for conflicts. We are licensed only in Oregon and offer our services only to those doing business in Oregon, unless we are associated with local counsel in accordance with other states laws. The applicable laws may have changed after the information on this website was published. While effort is made to keep the information current, you should not presume that all information is up to date. You must confer with an attorney to be sure you have current information.
Copyright © 2021 · Christopher J. Kane Attorney at Law · 503-380-7822 · Designed by Artizon Digital