Student Loan Bankruptcy Relief Coming to Oregon?!

President Obama signed an executive action on Tuesday that would make it easier for Oregon bankruptcy filers to discharge certain kinds of student loans. As any would be Oregon bankruptcy filer knows, student loan debt is extremely difficult to eliminate now. The most common path to discharge now requires a showing of undue hardship which 

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The Bankruptcy Means Test and VA Disability

I am officially annoyed this afternoon. Trying to run my client’s household income numbers through the Means Test and seeing him fail due to the cumulative amount of both his household income and military disability. I am annoyed because if he were receiving plain old social security disability, he would pass the means test with 

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Good News for Oregon Student Loan Debtors

Oregon student loan debtors breathed a sigh of relief this week when the Department of Education announced that it was finally firing five debt collection agencies that had been giving inaccurate information to student borrowers. I say finally firing these agencies because the department had been under fire for years for its partnership with these 

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Peter McKittrick Appointed Judge of U.S. Bankruptcy Court in Oregon

The United States Court of Appeals for the Ninth Circuit has appointed of Portland attorney Peter C. McKittrick as a U.S. Bankruptcy Judge for the District of Oregon. Mr. McKittrick will fill a vacancy left in the wake the retirement of Bankruptcy Judge Elizabeth L. Perris. Mr. McKittrick is currently a partner with the Portland law firm of McKittrick 

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Chapter 13 Bankruptcy Hardship Discharge in Oregon

Often Oregon debtors in a Chapter 13 bankruptcy will hit a rough spot during their case and  request a hardship discharge rather than seek conversion to Chapter 7.  Conversion and hardship discharge are not one in the same. There are specific requirements that must be met before you can even be considered for a hardship 

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Medical Bankruptcy in Oregon

I often get questions from Oregon consumers about medical bankruptcy but there is no such thing. I think the myth that is out there is that there is some sort of specialized bankruptcy that enables the filer to get rid of medical bills only while keeping the credit cards going. The fact is that all 

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Oregon Home Purchase After Bankruptcy Filing

A personal bankruptcy does not have to bar an Oregon consumer from home purchase for very long.  Oregon bankruptcy filers  that went through a Chapter 7 bankruptcy must wait four years from the date of discharge before applying for a conventional loan. The waiting period, according to Fannie Mae, is just two years from discharge 

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How Long Can I Stay in the House After Surrendering It in My Oregon Chapter 7 Bankruptcy?

Oregon Debtors are often certain that they want to give up their houses in their upcoming Chapter 7 Bankruptcy, but no one likes a mystery when it comes to figuring out how much time they have in the property. The reality is that you will know exactly when you will have to leave, months before 

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Oregon Chapter 13 Bankruptcy for Homeowners New and Improved

The Oregon Bankruptcy Court’s recent ruling in In Re Watt requires a mortgage holder to accept title to a home surrendered in chapter 13 bankruptcy. Prior to In Re Watt, a borrower could surrender a home in Chapter 13 bankruptcy but wait for months, if not years, on end while the mortgage lender took its time foreclosing on 

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Bankruptcy and Credit Score

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 

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