Chapter 13 Bankruptcy

Completing a Chapter 13 bankruptcy repayment plan can be a fresh start for many individuals, but it also comes with some long-term financial effects.  Understanding these impacts can help individuals navigate their financial future after bankruptcy. Credit score...

Chapter 13 bankruptcy allows individuals to restructure their debts and create a repayment plan. Unlike Chapter 7, which involves liquidating assets, Chapter 13 focuses on helping people keep their property while making affordable payments. However, to qualify for...

Medical debt can strike quickly and suddenly become overwhelming. Unexpected medical expenses can pile up, leaving you struggling to keep up with payments.  If you are facing significant medical debt, Chapter 13 bankruptcy offers a solution that can provide relief and...

Many people worry about how much of their income they'll need to give up to pay off their debts in a Chapter 13 process. What may happen to your disposable income if you undergo a Chapter 13 bankruptcy in Oregon? Understanding disposable income in Chapter 13 In a...

Though bankruptcy often carries a stigma, the process helps people regain their financial footing after suffering from mounting debt. Still, even if you decide Chapter 13 bankruptcy is right for you, you might feel tempted to try to complete the repayment plan ahead...

Falling behind on bills and struggling with debt could lead to a situation where a homeowner faces foreclosure. Fortunately, Chapter 13 bankruptcy offers a potential lifeline for those looking to avoid losing their homes. This legal option has a couple of important...

Even when you have a healthy, steady source of income, it’s still possible to end up with overwhelming debts that you can’t afford to pay. While a Chapter 7 bankruptcy offers a faster resolution for your financial problems, not everybody qualifies for Chapter 7 – and...

If you have unaffordable debt and you file for Chapter 7 bankruptcy, your debt is eliminated. This is what most people think all bankruptcy cases look like, although that is a myth. You also may be able to use Chapter 13, for example. With Chapter 13, your debt is not...

People often file for personal bankruptcy because they are desperately in need of a reprieve from aggressive collection activity. They may dread answering the phone or worry that every knock at the door is a process server. They could also already face a pending...

Many people who have no income but a lot of debt will decide to use bankruptcy to get rid of their debt. This is known as Chapter 7 bankruptcy, and it simply liquidates non-exempt assets.  But say that you still have a fairly good income, but it's just not enough for...