Bankruptcy

If you’ve never filed for bankruptcy before and you’re considering this form of debt relief, you may have a lot of questions. You’re certainly not alone. Many people who are approaching this process for the first time are trying to do the research and learn as much as...

Filing for personal bankruptcy means taking a pretty significant hit to one's credit score. It is quite common for people to see a drop of 200 points, sometimes even more than that, when they initially file. Their score will eventually recover but it will take years...

Bankruptcy law is designed to relieve debtors from the oppressive weight of debt – but they shouldn’t have to lose everything they have in the process just to file Chapter 7. That’s why exemptions allow every debtor to protect certain assets. (Non-exempt property...

Have you been dealing with a lot of financial stress lately? Maybe you’re thinking about bankruptcy because you’ve been trying to pay off all of your debt, you just haven’t been successful and you’re not sure that there is a solution that’s going to work. This has...

You never expected to be in this financial situation, but bankruptcy is definitely looking like it is a possibility in the near future. You’re not happy about defaulting on any of your debt – but not all debts are built alike. The ones that really bother you are the...

Many people spend weeks, if not months, contemplating bankruptcy before they finally file. They tell themselves that if they can adjust their budget or secure a raise in the interim, they won't need bankruptcy protection. Other people don't have the benefit of...

You have debt, and that debt can be frustrating. You work to pay it down, but it doesn’t seem to be getting better despite your best efforts. In this kind of situation, you may wonder when it’s appropriate to start looking into bankruptcy. The simple answer is that by...

Clients frequently ask about future credit after bankruptcy and especially about if they will ever be able to buy a home. The answer to this question is not always as simple as it should be because it varies by the type of mortgage.  This blog addresses special...

Attending a Meeting of Creditors can be stressful for many clients.  Your attorney will attend with you. The Oregon Bankruptcy Court has produced a video of a mock Chapter 7 meeting that can be viewed by pasting this link into your web browser:...

Some people plan for bankruptcy for months before they finally take the final step of filing paperwork. Others file as soon as they think of bankruptcy as a solution because they need immediate help. Bankruptcy is not only a long-term solution to overwhelming debt. It...