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Your Portland bankruptcy lawyers will use state law to protect your property

As experienced practitioners in their field, Legal Helpers Portland bankruptcy lawyers will use Oregon state law to protect the equity in your personal property. That means that they can help you keep what you have worked so hard to earn. Our Portland bankruptcy lawyers understand that during this financially trying time, it is difficult to get all the information. Therefore, our Portland bankruptcy lawyers have provide you useful information to make the right decision. Listed below are some of the most common types of exemptions that our Portland bankruptcy lawyers can use to help keep creditor's' hands off your cherished possessions.

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This list of Oregon exemptions is designed to help you better understand the bankruptcy process. Your Portland bankruptcy lawyers will meet with you to discern which exemptions you may qualify for. In addition to these, Portland bankruptcy lawyers can also use other types of exemptions to help your case.

Homestead Exemption - Your Portland bankruptcy lawyers can use this exemption to protect up to $25,000 in equity in your house and up to $33,000 if you file with your spouse.

Motor Vehicle Exemption -- Your Portland bankruptcy lawyers can use this exemption to protect $1,700 in value of any one motor vehicle listed in your bankruptcy.

Household Furniture Exemption -- This exemption allows your lawyers to protect up to $3,000 of your household furniture in items ranging from your kitchen table to your living room couch.

Life Insurance Proceeds Exemption -- This exemption can protect 100% of the value in life insurance that insured the life of an individual of whom you were a dependent, to the extent reasonably necessary for your support or the support of your dependent(s).

Retirement Plan Exemption -- Your Portland bankruptcy lawyers can prevent creditors from touching the proceeds of your many types of retirement plans. They can exempt anything from stock bonuses, pensions, profit sharing plans and annuities as long as we determine that your savings match a specific type of retirement plan.

Unemployment Compensation Benefits Exemption -- Your Portland bankruptcy lawyers can protect all of your unemployment compensation from your creditors' reach. However, past due child support may still be deducted from the income of people receiving public assistance.

Workers' Compensation Exemption -- This exemption can help to protect 100% of compensation you receive under Oregon workers' compensation laws. Your attorneys can protect both 100% of your wages and 100% of the award you receive to compensate you for any permanent disability. In Oregon, workers compensation cases are 100% exempt. If you are injured while working then that is money you deserve and creditors will be prevented from reaching those funds.

 

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