Posts by Tom Butcher, Attorney At Law
How Can I Stop Wage Garnishment in Oregon?
When faced with financial difficulties, the last thing you need to worry about is to have creditors garnish your bank account or paycheck. You may feel like your privacy is being violated in a garnishment. Without a doubt, it is scary to go through a garnishment because it can cause serious financial hardship when you…Read More
Can Government Debt Be Wiped Out in Bankruptcy?
Many people take government loans to start a business, or pay for their education, etc. However, when things don’t work out, they may find themselves on the hook for their federal loan. Luckily, if the circumstances are right, then you can discharge (eliminate) your obligation to repay government debt. Nonetheless, not all government debt will…Read More
What is the Right Timing for Filing My Bankruptcy Petition?
Bankruptcy filings in the U.S. have been dropping despite the coronavirus pandemic. There is an expectation that bankruptcy filings will increase substantially in the near future, however. But how do you know if you are on your way to bankruptcy? Look at these warning signs: Lack of emergency fund Using credit cards Not using a…Read More
What Is the Statute of Limitations On Debt Collection in Oregon?
When debts remain unpaid for a long time, the law allows creditors to sue you so that they can obtain a judgment and recover their money. Through such a judgment, creditors may be able to collect money from you involuntarily through wage garnishments or property and bank account seizures. But bad debt doesn’t hang over…Read More
Why Bankruptcy Isn’t as Scary as It Sounds
Many people today are going through more profound financial strain than ever before. This has become challenging, which could make it impossible for you to meet all of your financial obligations. The term Bankruptcy is a scary word for most people. It is automatically associated with business closures, financial problems, and tarnished credit. At Butcher Law Office,…Read More
What’s Life Like After Bankruptcy?
If you are reading this, chances are you have received your Chapter 7 discharge, or you recently finished paying your Chapter 13 plan. If this is the case, congratulations! You now have an opportunity to move forward with a fresh start. While bankruptcy gives you financial relief, you may have some questions about your life…Read More
Can I Pay Back Family Before I File Bankruptcy?
During difficult financial times, you turn to family and friends for help. They lend you money when banks couldn’t, regardless of your credit score. But when your debts pile up, can you pay back your family any money owed to them before filing for bankruptcy? A quick answer is “no.” You should avoid paying relatives and…Read More
Large Corporate Chains Filing for Unprecedented Number of Bankruptcies
The United States government issued trillions in loans to businesses during the coronavirus. But this hasn’t prevented them from failing to make their bills. Now millions of dollars in debt, these same companies are filing for corporate bankruptcies, typically Chapter 11. An estimated $1.22 trillion has been absorbed over the course of just five months.…Read More
Are You Headed Toward Bankruptcy? Don’t Touch Your Retirement Savings & Other Considerations!
If you, like so many Americans right now, are struggling with job loss or other financial stressors, you may be considering the prospect of bankruptcy. While bankruptcy may be an option of last resort, many Americans think that they can avoid bankruptcy by cannibalizing their retirement accounts or making other moves that simply forestall the…Read More
Unemployment Rate Skyrockets to 36 Million as Economic Uncertainty Looms
As the coronavirus continues to take more American lives and livelihoods, the number of Americans seeking unemployment benefits has skyrocketed to 36 million. Yet those seeking unemployment are finding it difficult to file claims or even get through to a human representative. Meanwhile, states appear to be running out of money to fund unemployment claims…Read More