An Overview of the Chapter 7 Bankruptcy Process
Last year, more than 13,000 Chapter 7 bankruptcies were filed in Oregon and more than 24,000 were filed in Colorado. This post provides an overview of the Chapter 7 bankruptcy process.
Read MoreRepossession 101: What Creditors Can and Can’t Take
If you fall behind on your loan payments, you may be worried that the creditor can repossess something you own - like your car, your home, or even your new refrigerator. "Repossession" happens when a creditor takes back the property you pledged as collateral for a loan due to your default under the loan agreement. There are strict rules as to what a creditor can and cannot take if you default on a loan.
Read MoreBankruptcy 101: What is Bankruptcy?
The fundamental purpose of bankruptcy is to give debtors a fresh start. This article provides an overview of the types of bankruptcy in Colorado and Oregon.
Read MoreFAQ: Dealing with Collections Agencies
This article addresses common questions about dealing with collections agencies and debt collectors.
Read MoreDebt Reaffirmation in Bankruptcy: FAQ
What is debt reaffirmation? Although you filed bankruptcy to cancel your debts, your creditors may offer you the opportunity to sign a written agreement that “reaffirms” your debt. If you choose to reaffirm, you are agreeing to be legally re-obligated to pay the debt despite your bankruptcy. In other words, your debt will not be cancelled by your Chapter 7 or 13 bankruptcy. If you fall behind on reaffirmed debt payments, you will begin receiving collection calls and possibly have your wages garnished or other property taken. Reaffirming debt is a serious matter. You should...
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