Consequences of Filing Delay in Oregon and Washington

April 2, 2008

In both Oregon and Washington, a bankruptcy petition is really just a “snapshot” in time. This is so because much of the data on your bankruptcy petition is accurate only on the day that your bankruptcy petition is actually filed. The consequences of filing a month later are numerous and substantial. Let’s look at the [...]

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Complaints Rising About Collection Efforts

March 29, 2008

In both Oregon and Washington, one business is going strong in a flagging economy: debt collection. With a growing number of collectors chasing down debtors, complaints are also rising about how debts are being collected. The Better Business Bureau expects the number of collector complaints to rise once 2007 figures are calculated. The trend has been [...]

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Famous Bankruptcies

March 29, 2008

Noted Individuals Who Have Filed for Bankruptcy Protection B Lionel Bart . . . British composer-lyricist-playwright (1972). Kim Basinger . . . Oscar-winning actress (1993). Jay Black . . . rock star; lead member of “Jay and the Americans” (1986). Lorraine Bracco . . . Oscar-nominated actress (1999). Matthew Brady . . . portrait/U.S. Civil [...]

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Consumer Bankruptcies to Rise in 2008

March 13, 2008
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What Can a Chapter 7 Bankruptcy Trustee Can Ask Me at My Hearing?

March 12, 2008

The list below includes just about every question under the sun that a trustee might ask you in a chapter 7 proceeding in Oregon and Washington. You will notice that there is not a single question requiring you to justify your spending or judgment in the years leading up to your filing. Again, this is [...]

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Where is My Case Filed and Where is My Hearing?

March 11, 2008

Please note that just because your case might be filed in a particular city does not mean that you would have to attend your Meeting of the Creditors in that city. There are a host of different bankruptcy hearing locations across both Oregon and Washington. Where you file your bankruptcy case depends on where you [...]

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After Your Chapter 7 Bankruptcy Case is Filed

March 10, 2008

HOW CREDITORS ARE NOTIFIED After you sign your petition, your case will be sent to the Bankruptcy Court for filing. After the Court receives it, the Court will prepare and mail you a notice which confirms the filing and schedules the meeting of creditors in your case. At the same time, the Court will send [...]

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Balance Transfers: Bankruptcy Substitute?

March 9, 2008

Balance transfers are often advertised in both Oregon and Washington with an offer of radically reduced introductory rates for borrowers who are willing to move their balances onto a new credit card. Additional credit cards though are almost never the answer for managing debt. In fact, they usually exacerbate the problem. Many people keep their [...]

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Overview Of Chapter 7 Bankruptcy

March 8, 2008

Chapter 7 is the more traditional type of bankruptcy, and is often referred to as a “liquidation” or “straight” bankruptcy. In a Chapter 7 proceeding, a trustee is appointed by the Court to oversee your case. The trustee has the responsibility of determining if you have any assets that are not considered exempt under the [...]

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Ten Things to Consider Before Getting a New Credit Card After Bankruptcy

March 8, 2008

1. Do not apply for a credit card until you are ready. It is a really bad idea to apply for new credit before you can afford it. Use the information, skills and insight you picked up in your consumer counseling sessions and make wise decisions. 2. Avoid accepting too many offers. There is very [...]

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