{"id":35607,"date":"2021-05-27T12:25:50","date_gmt":"2021-05-27T19:25:50","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=35607"},"modified":"2021-10-31T04:43:44","modified_gmt":"2021-10-31T11:43:44","slug":"oregon-debt-alternatives","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/oregon-debt-alternatives\/","title":{"rendered":"Bankruptcy Alternatives"},"content":{"rendered":"
There are many misconceptions about debt and bankruptcy. However, almost everyone faces some kind of financial challenge every now and then. The federal bankruptcy law<\/a> allows a person and some businesses to be released from debt liability by going through different legal processes such as filing bankruptcy. There are also bankruptcy alternatives available for individuals dealing with debt.<\/p>\n Since debt and bankruptcy are complicated and tough challenges, working with an experienced federal bankruptcy law<\/a> will ensure that you go through this process with professional help.<\/p>\n<\/div>\n<\/div>\n<\/div>\n Being served a debt collection lawsuit can be stressful, but ignoring the complaint and letting time pass by will only make matters worse! Ignoring the lawsuit can lead to bank and\/or wage garnishments<\/a>, debt collection depositions and judgment liens on property.<\/p>\n Defending a lawsuit may be a much better solution. There are several factors why a debt defense may be an option for you. The fact that the debtor simply cannot afford to pay the debt is not an acceptable reason but you may still benefit from defense in working out an affordable payment plan. Some common defenses to a debt collection lawsuit include:<\/p>\n Avoid further complications by working with a reliable Portland debt defense attorney. To know more about the different debt defense alternatives, reach out to us by scheduling a case evaluation with our Oregon attorney<\/a> or calling us at 503-852-9047<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n Are you facing unlawful debt collection? It is not uncommon for debt collectors or creditors to employ illegal strategies and abusive tactics just to repossess your car<\/a> or collect money from you<\/a>. The bad news is that most debtors do not realize these unfair practices early on, leading them to lose a significant portion of their savings and continue paying for incorrect billings. This is clearly in violation of the Fair Debt Collections Practices Act.<\/a><\/p>\n Even debtors have legal rights over this. If you have been harassed by a creditor, you can hold them accountable by filing lawsuits against those illegal collection tactics. As a debtor, you still have legal rights to just and fair treatment. You can file a lawsuit against creditors if they did some of these illegal practices:<\/p>\n Have you ever heard the phrase \u201cthe best defense is a good offense\u201d? This applies when you are sued by a creditor as well! If you were a victim of the above abuses, you may defend a lawsuit and counterclaim against the creditor! If the creditor did not perform the action or service on the agreement, then this is another ground for a counterclaim.<\/p>\n Another defense may be if a creditor seeks damages from the debtor that sometimes may be more than you owe. An example of this is if the creditor underperformed an agreed service or task, and unlawful overcharging of interest.<\/p>\n When creditors are taking illegal steps against you, don\u2019t keep silent! To win using this bankruptcy alternative method, you must have an expert debt defense and bankruptcy attorney to guide you through the process. Contact our Portland debt attorneys to get help, TODAY!<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n In a debt settlement, the debtor negotiates for a payment plan amounting to less than the original or principal balance of the unsecured debt owed. This contrasts with debt consolidation, which sometimes reduces the interest rate but does not affect the debt balance.<\/p>\n However, not all debt settlements have been successful. Sometimes a debt settlement may even risk or harm your credit score in the future. It may even result in more debts, because of fees and other charges from debt settlement companies.<\/p>\n The debtor will likely open a program with a third-party company to use for the settlement program. The debtor will continue to pay the monthly fees for the dedicated account till the target amount has been reached.<\/p>\n In most instances, debt settlement can result in a new income tax bill! The Internal Revenue Service looks at the forgiven tax as a taxable income. However, if you can prove to the IRS that you are insolvent, then maybe the tax can be waived off.<\/p>\n Debt settlement is not as easy as it sounds. If you are struggling with your debts and thinking about whether debt settlement is a better choice for you than filing bankruptcy,<\/a> you can consult our Portland debt settlement attorneys. We can help you know more about the different debt and bankruptcy alternatives available in Portland, Oregon.<\/a> We are available 24\/7! Call us at 503-852-9047<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n Are you thinking about striking a deal with your creditors? Before you do, think about the main reason why you want to negotiate debt with your creditors. Negotiating with creditors alone might become a problem, especially when agreements are biased towards the creditor.<\/p>\n It is also wise for debtors to make a formal debt negotiation with the creditor, and not with the collectors. By having a personal or formal agreement with the creditor, you can develop different payment schemes to ease your payment plan.<\/p>\n Whether you want to save your credit score, obtain debt relief, or are in a financially tight situation, make sure to consult with a nationally-certified bankruptcy attorney in Oregon<\/a> first before exploring bankruptcy alternatives or non-bankruptcy options!<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n
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