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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Chapter 13 Bankruptcy is Misunderstood

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 

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Six Bankruptcy Mistakes for Oregon Debtors to Avoid

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 

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New Study on Chapter 13 Bankruptcy

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. 

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Judge Brian Lynch Now the Chief Bankruptcy Judge for Western District of Washington

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.     

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Oregon FICO

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 

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New Product for Rebuilding Credit After Bankruptcy

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 

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Expanded Bankruptcy Law Office Hours

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 

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Oregon Utility Debts and Bankruptcy

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 

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