“Tools of the Trade” Exemption Increased
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]