online for an easy check.<\/span><\/p>\nIf you make too much, you might still qualify after completing the means test. If, after deducting expenses, you don’t have enough left to pay into a Chapter 13 plan, you qualify for Chapter 7.<\/span><\/p>\n<\/span>For Chapter 13 Bankruptcy:<\/b><\/span><\/h3>\nQualifying for Chapter 13 can be costly because extra benefits come with a high price.\u00a0<\/span><\/p>\nTo qualify:\u00a0<\/span><\/p>\n\n- you’ll pay the larger of your priority nondischargeable debt,\u00a0<\/span><\/li>\n
- the value of nonexempt property,\u00a0<\/span><\/li>\n
- or your disposable income.<\/span><\/li>\n<\/ul>\n
<\/span>How Can I Protect My Property in Oregon with Bankruptcy Exemptions?<\/b><\/span><\/h2>\nYou won’t lose everything when you declare bankruptcy. To safeguard your belongings, you’ll use laws called bankruptcy exemptions. We’ve outlined the essential exemptions below, and understanding them will help you keep as much as possible in your case.<\/span><\/p>\n\n- There are two types of property:<\/b> exempt (protected by an exemption) and nonexempt.<\/span> If an exemption doesn’t cover a particular item, you might lose it in Chapter 7 or have to pay for it in the Chapter 13 repayment plan.<\/span><\/li>\n
- You can pick the state or federal exemption list, <\/b>but you cannot mix them. If you use state exemptions, you can also use federal nonbankruptcy exemptions.<\/span><\/li>\n