McCord & Hemphill | Bend Attorneys | Bankruptcy | Estate Law

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Bankruptcy Filing Fees 2020

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Brian Hemphill Last updated: October 15th, 2020 The Judicial Conference of the United States sets the filing fees associated with filing a bankruptcy case.  Since June 1, 2014 the fees for filing a bankruptcy case are as follows: Chapter 7:    $335 (increased from $306) Chapter 11:   $1,717 (increased from $1,213) Chapter 12:   $275 (increased from... [Read More]

What is the “Bankruptcy Estate”?

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Brian Hemphill Last updated: October 19th, 2020 Reading time: 5 minutes One breath summary: When you file for bankruptcy, most of your assets and property rights become part of a bankruptcy estate owned and controlled by the court, with few exceptions and exemptions. Before you file, it's incredibly important that you understand what part of... [Read More]

“Tools of the Trade” Exemption Increased

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Brian Hemphill Last updated: October 23rd, 2020 Good news for the self-employed in Oregon.  The bankruptcy exemption for your "tools of the trade"  protects  has increased from $3,000 to $5,000 per person.  That exemption shields your business tools and equipment from the bankruptcy trustee and your creditors. This change was made during Oregon's 2011 Legislative Session.... [Read More]