Consider These Alternatives to Bankruptcy for Different Situations The word “bankruptcy” has a lot of negative stigma attached to it, but usually is a reasonable solution for people with debt they can’t afford to pay off. However, it’s not always the best solution for every individual or business. Many factors go into the decision you […]
Michael O’Brien’s Blog
Rising Interest Rates affect People With Debt
If your boss calls you into his office to tell you your pay is being cut by $500.00 per year you would not be happy. That is effectively what happens when interest rates go up and you are carrying debt with a variable interest rate feature. If the Federal Reserve were to raise interest rates […]
7 Things You MUST Consider Before Bankruptcy
Bankruptcy is a scary word. Nobody considers themselves the type of person who will have to file for bankruptcy, and it’s something that many people don’t even consider until it’s one of their last options. In my twenty years of practicing bankruptcy law, however, I’ve seen it help thousands of people get back on track […]
Knowing Your Rights: The Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act (FDCPA) What is the FDCPA? FDCPA stands for the Fair Debt Collection Practices Act – 15 U.S.C. § 1692 The FDCPA is a Federal Regulatory Scheme designed to limit abusive collection practices passed in the late 70s The FDCPA is a per se liability statute, meaning there is no […]
Qualifying For Bankruptcy In Portland
Do I qualify for bankruptcy? We get asked this question a lot and the answer most lawyers provide is “that depends.” Does anyone think that is a good answer! No way! Bankruptcy is a process that can provide immense, immediate relief to people who are overwhelmed by debt. Like anything in the law, the devil […]
