chapter 7

Understanding The Personal Bankruptcy Fundamentals

August 22, 2011

If you’re having problems managing payments or expenses of any sort and are contemplating declaring bankruptcy, you will need to understand the basic principles of bankruptcy. When you study bankruptcy options and start to understand what bankruptcy is about, the data you gather can help you make your decision. Even though it’s a good idea [...]

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If You’re Filing Bankruptcy in Oregon, It Is Advisable To Retain An Attorney

May 26, 2011

When you’re thinking of filing for bankruptcy, it’s actually a very big decision. In truth, you shouldn’t move ahead into individual bankruptcy unless you’ve researched each and every option beforehand. If you are contemplating declaring bankruptcy, there are various things to consider. The first decision you should make is whether or not you file Chapter [...]

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Can I Eliminate My Tax Debt In a Chapter 7 Bankruptcy?

July 25, 2010

In both Oregon and Washington, you can get rid of any tax debt in a chapter 7 bankruptcy provided that all of the following conditions are fulfilled: 1. The tax debt is not owed due to wilfull evasion or fraud. If you filed a fraudulent tax return or otherwise willfully attempted to evade paying taxes, [...]

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Can I add a Creditor after my Bankruptcy Case has been Filed?

July 11, 2010

You can add a creditor to you bankruptcy, but it is imperative that you get the information regarding that creditor (name, address, approximate amount owed and if at all possible the account number) to your attorney as quickly as possible. Though adding an additional creditor will result in a small court imposed filing fee and [...]

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Can I finance a car while I am in the middle of an Oregon Chapter 13 Bankruptcy?

July 10, 2010

As long as the Chapter 13 Trustee approves a car purchase, you can finance a car during an Oregon Chapter 13 Bankruptcy. It is usually possible to obtain the Chapter 13 Trustee’s approval to purchase another vehicle, so long as the new vehicle’s purchase price is less than $12,000, and the monthly payment is less [...]

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Getting Ready to File Bankruptcy

February 4, 2010

Steps to Take Before Filing A Bankruptcy In Oregon or Washington Do your best to limit the the amount of purchase activity in the ninety days prior to the actual filing of your case. Stop using all of your credit cards today. If you have made big purchases, executed balance transfers or taken cash advances [...]

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What is the Means Test?

December 21, 2008

 As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, a “means test” has been instituted to determine whether or not a debtor is entitled to a Chapter 7 discharge, or whether such debtor must convert the case to one under another chapter of the Bankruptcy Code. The basic purpose of the [...]

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Personal bankruptcies soar in financial crisis

November 23, 2008

Ifmounting credit card bills are threatening to pull you under, you may beconsidering bankruptcy as a way to hit the restart button. TheAmerican Bankruptcy Institute expects worsening economic conditions to drive upthe number of consumer filings this year to their highest level since stricterbankruptcy terms went into effect in 2005. Themore than 880,000 filings through [...]

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The Chapter 7 Trustee

June 29, 2008

As a Chapter 7 filer you will only on the rarest of occasions come before an actual bankrutpcy judge. The bankruptcy court exercises its control over your case through a person called a trustee who is appointed by a branch of the Department of Justice called the Office of the United States Trustee. The chapter [...]

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Can I Lose My Discharge after My Case is Done?

June 8, 2008

The court may revoke a discharge under certain circumstances. For example, a trustee, creditor, or the U.S. trustee may request that the court revoke the debtor’s discharge in a chapter 7 case based on allegations that the debtor: obtained the discharge fraudulently; failed to disclose the fact that he or she acquired or became entitled [...]

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