Can I use debt relief law to wipe out all of my debt?

The simple answer is no. Debt relief law cannot eliminate all of your debt. In Oregon, debt relief law is intended to provide assistance to individuals facing economic hardship. The law allows for some kinds of debt to be discharged, such as medical bills, credit card bills, and certain types of loans. However, other kinds of debt, such as taxes, student loans, and secured loans are not eligible for discharge. Additionally, even if your debt is eligible, the law does not allow you to completely wipe your debt away. It may allow for certain debts to be partially discharged, depending on your financial situation. For example, you may be able to negotiate with your creditors to reduce the amount of debt you owe, or to have the remaining debt discharged. Ultimately, the decision whether to use debt relief law to wipe out debt is a personal one. You should carefully consider the kind of debt you have and the potential consequences of debt relief law before making a decision. It is important to talk to an experienced attorney who is familiar with Oregon’s law regarding debt relief before taking any steps. This way, you can be sure that you are making the best decision for your financial situation.

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Can I use debt relief law to wipe out all of my debt?

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