Chapter 7 Bankruptcy

According to the Oregon U.S. Bankruptcy Court, when you file for Chapter 7 bankruptcy, you hand over possession of certain assets to a trustee, who then sells the assets and pays as many of your debts as possible. However, during this process you may be able to keep...

If you are considering a bankruptcy in Oregon, you may wonder whether a Chapter 13 or Chapter 7 bankruptcy would be more appropriate. One factor that will help identify your options is the means test. The means test essentially is a comparison of your debt and...

For people in Oregon, and elsewhere, who are struggling with debt, housing-related problems often contribute to their financial challenges. As a result, many turn to Chapter 7 bankruptcy to help them get out from underneath their mortgage loans. Following a recent...

If you’re trying to manage overwhelming debt, you’re not alone. Many individuals and families in Eugene are facing crippling debt through circumstances that may not be their fault. As we’ve discussed previously, financial hardship can hit suddenly...

Small business owners in Eugene, Oregon may be reluctant to file for Chapter 7 bankruptcy even if they are not doing well on a financial level. However, all business owners should be aware of the fact that Chapter 7 involuntary petitions can be filed against...

After a person has decided that they should file for Chapter 7 bankruptcy, there are several steps that they must take afterward. One of the first steps is for the filer to make sure that they have all of the paperwork that is necessary for the filing...

There are a number of myths that surround Chapter 7 bankruptcy. Whether they seem positive or negative, false myths can be harmful to those who are trying to decide if bankruptcy is right for them because false information can be misleading. In order for a person to...

If you’re suffering from a financial situation that has made it difficult or impossible to pay your bills, you are probably looking at all options to get help. Fortunately, there are numerous ways for Oregon residents to find relief from insurmountable debt. One...

Many residents in Oregon suffered greatly in the recent housing downturn and economic recession. The break in the housing boom, unemployment and other factors led many people in the state to seek help for their financial challenges. Some people were able to find the...

For many people living in Oregon, a house is more than just a place of residence; rather, it is a home filled with love, laughter and fond memories. So when faced with the prospect of losing your home to foreclosure, it can be extremely discouraging and emotionally...