The decision of whether or not you should file for bankruptcy is not something you should not take lightly. Being informed about your options is one of the most important things to do when considering filing for bankruptcy. Seeking the professional advice of an experienced bankruptcy attorney is highly recommended. To set up a FREE consultation [...]
What happens when I file Chapter 7 bankruptcy?
Under the federal bankruptcy statute, a discharge is a release of the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer required by law to pay any debts that are discharged. The discharge operates as a permanent order directed to the creditors of the debtor that [...]
Frequently Asked Questions Q. Will filing bankruptcy stop my wages from being garnished? A. Yes, once you file bankruptcy, you are under protection of the court from most creditors. You should immediately notify the garnishing creditor and sheriff that you have filed a bankruptcy petition. Q. Is my bankruptcy case public information? A. Yes, bankruptcies [...]
How Chapter 7 Bankruptcy Works
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. (3) In addition to the petition, the debtor must also file with the court: (1) schedules [...]
There are certain items you may keep after you file for bankruptcy. The items and amounts in this section may change in the future. Updated information can be found in the state code. Under Oregon bankruptcy laws, you may keep: Homestead to the value of $30,000 Proceeds from sale of homestead to the value of [...]