Bankruptcy

Can an LLC File for Chapter 7?

Can an LLC File for Chapter 7?

Many individual debtors file for Chapter 7 bankruptcy because they will obtain some financial breathing room through the discharge of their unsecured debts. For example, credit card debt can spiral upward over time, and it can reach the point where you simply can’t pay all of your credit card bills and the other debts that […]

Bankruptcy and Credit Counseling

Bankruptcy and Credit Counseling

There are certain requirements that must be met before you can file for bankruptcy. The government wants to make sure that you know exactly what you are getting into, so you have to complete a credit counseling course before you can go through with a bankruptcy filing. There are certain organizations that offer this course […]

Avoid Post-Bankruptcy Mistakes

Avoid Post-Bankruptcy Mistakes

If you are being overwhelmed by ever-spiraling debt, bankruptcy can provide a solution, and the benefits are realized immediately. You get an automatic stay when you file for bankruptcy, and this makes most debt collection efforts come to a halt. The two different types of bankruptcies that most people (who are not in business) use […]

Does Bankruptcy Wipe Out Lawsuit Judgements?

If you fall behind on a debt, the creditor can file a lawsuit in an effort to get a judgment against you.  A judgment allows a creditor to garnish wages and bank account and it also allows them to put a lien on your home.  Many people who are in this situation consider the possibility […]

Filing for Bankruptcy in Oregon

Filing for Bankruptcy in Oregon

We have bankruptcy law offices in many different cities throughout the state of Oregon, including Portland, Medford, Eugene, Salem, Tigard, Klamath Falls, Coos Bay, Bend and several others. There are federal bankruptcy statutes, but there are also state specific laws that effect bankruptcy. In this post, we will provide an overview regarding some of the […]

Can a Noncitizen File for Bankruptcy?

Can a Noncitizen File for Bankruptcy?

Before we address the question that serves as the title of this blog post, we should explain some of the basic reasons why bankruptcy could provide a solution if you are struggling financially. If you qualify for a Chapter 7 filing, your unsecured debt can be completely discharged. Unsecured debts include credit card balances, unpaid […]

Can You Get a Mortgage After Bankruptcy?

Many people are under the assumption that you are essentially ruined after you file for bankruptcy for at least 7 to 10 years. In fact, this is a misconception. It is true that a Chapter 7 bankruptcy will remain on your credit report for 10 years, and a Chapter 13 will stay on the report […]

  As bankruptcy attorneys, we are asked many of the same questions by our clients. In this blog post, we will present a hypothetical example of a typical question and answer session with a bankruptcy lawyer so that you can come away with a basic foundation of useful information. Will collection calls stop if I […]

Is Credit Card Debt Settlement Possible?

There are many different underlying reasons why people sometimes fall into unmanageable credit card debt: overspending, loss of income, unforeseen expenses. Before long, a person has exceeded their credit limit and the minimum payment is no longer just a drop in the bucket. Getting additional credit cards compounds the problem. In fairness, the credit card […]

Are There Different Types of Bankruptcy?

If you sit down and discuss your options with an attorney, you may be surprised to hear that there are multiple different types of bankruptcies. An individual will probably be best served by a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. With a Chapter 7 bankruptcy, an automatic stay is imposed, so all collection […]