Oregon bankruptcy filers with bottom of the barrel credit scores might find that the quickest and easiest way to increase their credit scores in the wake of a bankruptcy filing is to become an authorized user on a family member’s credit card. As an authorized user, you get the benefits of someone else’s credit but
When I meet with Oregon debtors for the first time in our Portland and Salem offices, I cannot help but notice that many of them are concerned that they will not qualify for Chapter 7 Bankruptcy. For many of them, the worry is that they will be forced to pay back all their creditors. They
The federal bankruptcy laws promise a fresh financial start for the honest but unfortunate Oregon debtor. Any Oregon consumer considering bankruptcy should take care to avoid making any of the following mistakes. Mistake #1: Incurring Debts Close to Filing Bankruptcy Some people decide to charge up credit cards or take payday loans just before filing
Economists with the National Bureau of Economic Research recently examined a half million bankruptcy filings in the United States in order to evaluate the effect of bankruptcy laws on consumers. They have confirmed what many consumers in Washington and Oregon have long suspected. Namely that the bankruptcy code is an incredibly effective social insurance policy.
Judge Brian Lynch has now been appointed as Chief Bankruptcy Judge for the Western District of Washington effective October 1, 2014. Before joining the court, Lynch was a partner at the Seattle law firm of Bishop White & Lynch and then for years served as a Chapter 13 Trustee for the District of Oregon.
It appears that the the new FICO 9 scoring model is going to be better for Oregonians with scant reporting and medical collection accounts. The new model distinguishes medical debt from non-medical debt. The upshot is that Oregon consumers with unpaid medical collections could improve by as much as 25 points per account. Moreover, borrowers
Interesting development for Oregon bankruptcy clients trying to rebuild their credit after bankruptcy. No idea whether the product is really worthwhile, but Rent Track allows Oregon renters to have their rent payments factored into their credit scores. It requires only the renter and property manager to sign a form and the tenant them makes payments
I am pleased to report that attorney Mark Ditton who has long managed many of our bankruptcy cases in Portland and Salem, Oregon will be moving to Seattle this week to expand our Seattle Bankruptcy Law Office. Mark will now supervise all of our Washington cases including Chapter 13 matters in Vancouver and Tacoma. Our
The Bankruptcy Code protects Oregon debtors from utilities disconnecting water, home phone, electricity or gas services. Utility services such as cable television, cell phone services or internet are not considered utilities for this bankruptcy protection because they. A Portland or Salem utility company simply is not allowed alter, refuse, or discontinue service to an existing
In bankruptcy, Oregon and Washington debtors are required to list all their assets and give a corresponding estimated value of his or her property. This is an easy task when the asset has an easily fixed cash value, like a stock, owed wages, or cash money. Household and personal items, vehicles, and even real estate