Electronic Chapter 13 Plan Payments to the Portland Chapter 13 Trustee

Probably the worst way for any Portland area Chapter 13 Bankruptcy Debtor to make a monthly payment is out of pocket.  If you have a regular job this isn’t a problem, the payment is just deducted from you wages and you never falls behind. Up to now self-employed debtors haven’t had any options other than 

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Increase in Consumer Debt

American consumer debt increased steadily in April as credit-card use surged. At the same time,  education and vehicle debt grew at the slowest pace since July 2012.   While economists typically see a pickup in consumer debt as a strong indicator of consumer confidence; however, the growth could also be a sign that money is scarce for many households 

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Banks Agree to Report Debts as Discharged in Bankruptcy

  Two of the largest banks, Chase and Bank of America, have finally agreed to update consumers’ credit reports within the next three months to properly depict debts as being discharged in bankruptcy. This long overdue move is a win for Oregon debtors whose have been living with inaccurate credit reports, sometimes for years after 

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When Do I Stop Making payments in My Oregon Chapter 13 Bankruptcy?

Sometimes it’s hard to tell when you should stop making payments in your Oregon Chapter 13 Bankruptcy. Many attorneys, including myself, will often have to tell clients that their plans will last for at least 36 but might go as long as 60 months. The question then becomes how will I know when to stop 

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Bad News for Oregon Bankruptcy Filers Hoping to Avoid Second Mortgages in Chapter 7 Bankruptcy

In a big  victory for mortgage lenders and an even bigger loss for Oregonians struggling to carry two mortgages, the U.S. Supreme  Court has just ruled that underwater homeowners can’t get rid of a second mortgage by filing for chapter 7 bankruptcy. Where a home is worth less than the amount owed on the first 

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Oregon Chapter 13 Bankruptcy and Taking Out Credit

Once your Chapter 13 Bankruptcy Plan is approved by the Oregon Bankruptcy Court, a Confirmation Order is entered.  Among other things, the Confirmation Order bars you from taking on any credit obligations during the pendency of your case without the Oregon Chapter 13 Bankruptcy Trustee’s written approval. There are only two exceptions to obtaining prior 

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Filing Chapter 13 Bankruptcy in Oregon and the Plan

In Oregon every Chapter 13 bankruptcy must have a plan. In essence, the plan is really a summary distributed to your creditors that lets them know how you intend to take care of your debt issues. Once your plan is approved, the Oregon Bankruptcy Court will regard your Chapter 13 plan as a contract between 

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My Income Has Gone Up in My Oregon Chapter 13 Bankruptcy

The confirmation order entered in every Oregon Chapter 13 Bankruptcy requires you to report to the Trustee if your actual or projected gross income increases by ten percent. The income figures included in Schedule I of your Bankruptcy Schedules filed with the Oregon Bankruptcy Court before confirmation serves as the baseline for determining whether there 

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Oregon Bankruptcy Access

According to a new study, the 2005 revisions to the bankruptcy code may be keeping financially struggling Oregonians out of bankruptcy court, but it hasn’t helped them with their financial suffering. The Bankruptcy Abuse Prevention and Consumer Protection Act which was largely created to make bankruptcy less accessible may have obliterated access to a fresh 

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Cash for Keys: Getting More Value Out of Home Surrender in Oregon Bankruptcy

Once you opt to surrender you home in your Oregon Bankruptcy, you will probably want to stay in the house for as long as you can. All too often we have seen Oregon Bankruptcy clients move out of homes in bankruptcy, thinking the foreclosure would soon follow. But lenders often change course. The rapid foreclosure 

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