We Are Open During the Covid-19 Crisis; Consultations will be Conducted by Phone, Bankruptcy Filings can be Completed Remotely

Articles

Debt Settlement – Why This May Not be A Good Option for You

September 1, 2015

Debt settlement is one option to consider when trying to resolve debt issues. However, sometimes this option may not the wisest option to choose. It will be a good idea to meet with a bankruptcy lawyer to weigh all your options first, including debt settlement or bankruptcy. There is an entire industry focused on debt…

Should I Wait to File Bankruptcy Until After I Receive My Tax Refund?

August 14, 2014

This article is posted in a strange part of the year (August), but this question comes up usually starting around October:  “Should I wait to file bankruptcy until after I receive my tax refund?” Or a variation of this question: “If I file bankruptcy right now, will I lose a portion of my 2014 tax…

The Pitfalls of Receiving an Inheritance Shortly After You File Bankruptcy

August 7, 2014

Inheritance, including life insurance proceeds, and bankruptcy can prove to be a very serious issue if not planned for correctly. An individual, depending on timing, may have to surrender a portion or all of an inheritance or life insurance proceeds as a result of filing bankruptcy. This article discusses inheritance in the context of bankruptcy,…

Where Do I File Bankruptcy If I Just Moved To Oregon?

August 6, 2014

From time to time, I come across the issue of someone who recently moved to Oregon, and is considering bankruptcy. They come to my office, and I conduct my usual free bankruptcy consultation. I soon learn that the person has only been in Oregon but a few months, or for even less time. This raises…

5 Mistakes to Avoid Before You File Bankruptcy

August 5, 2014

There are many mistakes for consumers to avoid before filing bankruptcy. The following list is what I consider some of the top mistakes to avoid before filing bankruptcy. 1. Not Being Honest With Your Attorney: Disclose everything to your attorney;

What Can You Do When You Accidentally Miss a Creditor in Bankruptcy?

August 1, 2014

Infrequently, a client will come to me after they receive their bankruptcy discharge with a debt that the client forgot to include in their bankruptcy. At the time the client filed the bankruptcy, the debt was not listed on their credit reports nor had the client received a bill for the debt to the best…

Potential Tax Consequences of Settling Debt Outside of Bankruptcy

July 30, 2014

Settling debt for less than what is owed on the debt can create tax liability. This article discusses this issue, and how bankruptcy and even insolvency may resolve this issue. By settling debt for a fraction of what you owe may open the door to tax liability. For example, you settle a debt for $5,000…

Federal & State Bankruptcy Exemptions: Household Goods & Furnishings

July 28, 2014

As discussed in the last post, exemptions are laws that protect your property when you file for bankruptcy relief. Most people get to keep all of their property when they file a chapter 7 bankruptcy because of the protections afforded by exemptions.  This post will extend the discussion of bankruptcy exemptions, and highlight one particular…

Bankruptcy Exemptions: Tools of the Trade

July 28, 2014

When filing for bankruptcy, a consumer is afforded numerous exemptions, or laws that protect a person’s property. These exemptions help to protect a homestead, livestock, household goods and furnishings, vehicles, and other property.  There is an exemption that protects tools of the trade as well.  This post will detail the tools of the trade exemption,…

Don’t Pay Mom or Dad Back! File Bankruptcy First!

July 4, 2014

Outside the context of bankruptcy, this is a very strange notion: don’t pay Mom or Dad back – file bankruptcy first. But this has some very real world consequences. I usually see an uptick in people paying back their relatives around tax season, when people get their tax refunds. But this could prove potentially disastrous…

DISCLOSURE*

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship.

 

I am debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.