Oregon Bankruptcy Rules

Oregon Bankruptcy Rules govern the legal process individuals and businesses follow when seeking protection from creditors due to financial distress. These rules outline procedures for filing for bankruptcy, including necessary forms, deadlines, and court requirements. There are various types of bankruptcy, such as Chapter 7 (liquidation) and Chapter 13 (reorganization), each serving different needs. Oregon's rules ensure that debtors can start fresh while also ensuring fair treatment of creditors. Filing begins with a petition, followed by a meeting of creditors, and may involve a repayment plan or asset liquidation depending on the bankruptcy type chosen.