Portland Bankruptcy: Myth Three of an Oregon Bankruptcy
MYTH Three: You will never be able to get credit again.
FACT: The sad truth is that after you file a Chapter 7 or Chapter 13 bankruptcy in Oregon you will find yourself swamped with offers to take on new debt. There is no problem finding loans its just the cost and pitfalls if you don't pay them back which makes this a tricky problem. Basically if you take on new debt post Oregon bankruptcy and you default within a year or two of your filing then you may not be able to file a new bankruptcy. If the creditor gets a wage garnishment from your Intel job in Hillsboro or your Nike job in Beaverton then you may be stuck with it; regardless of the effect to your ability to pay your rent or car. The best advice is to not take on any new debt after your Oregon bankruptcy but if you must; you'll be able to find a lender who will.
FACT: The sad truth is that after you file a Chapter 7 or Chapter 13 bankruptcy in Oregon you will find yourself swamped with offers to take on new debt. There is no problem finding loans its just the cost and pitfalls if you don't pay them back which makes this a tricky problem. Basically if you take on new debt post Oregon bankruptcy and you default within a year or two of your filing then you may not be able to file a new bankruptcy. If the creditor gets a wage garnishment from your Intel job in Hillsboro or your Nike job in Beaverton then you may be stuck with it; regardless of the effect to your ability to pay your rent or car. The best advice is to not take on any new debt after your Oregon bankruptcy but if you must; you'll be able to find a lender who will.
