Asset Forfeiture

A car deficiency is an issue that may arise following a vehicle’s repossession. With a deficiency, what has happened is that the creditor repossessed the vehicle, sold it and didn’t get enough to pay off what you owed. If this happens, a creditor may sue you for the...

According to Quartz.com, more than six million Americans are currently delinquent on their car loans, which is a new record-high since the 2008 recession. Banks are more willing to take on risk since the economy has recovered, but many more Americans are also at risk...

After you declare bankruptcy in Oregon, you still have to have a place to live, and the costs of moving may be considerable, particularly with the soaring rent prices and lack of rental homes available in many portions of the state. That does not necessarily mean you...

If you have fallen behind on bills and plan to file for Chapter 7 bankruptcy, you may still be planning to keep your vehicle under the Oregon motor vehicle exemption. However, a creditor may have other plans. Before the car is repossessed, here are some things to...

In Oregon, wage garnishment, or having a piece of one’s paycheck given directly to a creditor, has several iterations. Private creditors (credit card collectors, unpaid landlords, etc.) require a court judgment against the debtor to garnish wages, while other...

Transportation in Oregon is a necessity, but if you had to buy your car with less than optimal financing, even if you have been making your payments on time, you could find yourself in serious trouble. Sometimes, in order to get a customer into a new car, the...

Like most Eugene residents, you probably rely on your car to get to work, go grocery shopping and otherwise get around. If you are forced to be without your vehicle, getting anywhere may be unfeasible without causing further hardship. Unfortunately, your vehicle and...

There are numerous opportunities for Eugene residents to get loans, even if they are recovering from a personal bankruptcy. It can be a good thing to have a line of credit, as long as you manage it carefully. Being responsible with debt can help raise your credit...

If you are dealing with financial issues in Oregon, you may have considered filing for Chapter 7 bankruptcy. According to the Internal Revenue Service, this is a debt relief option that is meant to aid those who cannot pay down their debts through regular monthly...

If you are dealing with serious financial issues, such as unemployment or past due bills, you may be worried that your income could be garnished to pay off your creditors. This is a challenging situation for anyone, but for retired Eugene residents on a fixed income,...