Collector Bothering You after Filing Chapter 13?

April 23, 2009

The filing of your bankruptcy papers should automatically stop any collection efforts once the creditor is notified. Most creditors know this and will stop collection efforts immediately. Unfortunately, it usually takes about thirty days for a creditor to get officially notified. Occasionally, some creditors do not get the word or do get word and still [...]

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Reporting Income During Your Chapter 13 Bankruptcy

April 23, 2009

In Oregon, the Order approving your plan says that you are required to report to the Trustee if and when your gross income increases more than ten percent from the amount originally listed on Schedule I or your bankruptcy petition. If your net income does increase by more than ten percent , you should contact [...]

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Who is the Portland Metro Area Chapter 13 Bankruptcy Trustee?

April 21, 2009

 All Chapter 13 cases have a Trustee responsible for the administration of your case. In all Portland metro area bankruptcy cases, the Trustee is Brian Lynch. He has approximately 5,000 active files in addition to yours. The Trustee’s duties include reviewing your bankruptcy petition to ensure that it is complete and accurate; determining your ability [...]

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How do I make my Plan Payments?

April 21, 2009

 In most cases the court will order your employer to forward your required payments directly from your paycheck to the Trustee’s bank which is located in Memphis, Tennessee. Because it often takes a few weeks for that paycheck deduction to take effect, you will need to make sure those payments are made directly to the [...]

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Economic Downslide Pushing More Towards Bankruptcy

April 13, 2009

The sputtering economy continues to drag more Americans into bankruptcy. Indeed, the number of troubled consumers filing for protection rose in March to its highest level since October 2005. As job losses continue to mount, they may well drag bankruptcy filings along with them. An average of nearly six thousand bankruptcy cases were filed every [...]

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Student Loan Relief?

April 12, 2009

A new report released Thursday on the private student lending industry offers a bit of deja vu. The report entitled “Too Small To Help: The Plight of Financially Distressed Student Loan Borrowers,” notes regretfully that “unlike the lenders that made these loans” — potential beneficiaries of the government’s TALF and TARP bailouts — “the borrowers [...]

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NEW LAW ALLOWS OREGON ATTORNEY GENERAL TO GO AFTER ILLEGAL DEBT COLLECTORS

April 12, 2009

A new law will allow the Oregon Department of Justice to crack down on debt collectors who illegally harass Oregonians. Legislation to reign in debt collectors has failed repeatedly in the past, including the last two legislative sessions. The new Attorney General came into office in January vowing to make the bill a top priority. [...]

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Transfering Money to Friends and Family

February 12, 2009

Anyone contemplating a bankruptcy filing should avoid repaying debts to family and friends prior to filing their bankruptcy petition. Failure to do so can lead to disaster.   As a general rule, anything repaid to a relative or friend within a year period prior to filing a bankruptcy case can be recovered by the Bankruptcy [...]

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bankruptcy portland oregon

January 25, 2009

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Requesting a Mortgage Modification

January 21, 2009

If you want to successfully obtain a modification of your mortgage from your lender, it is imperative that you get all your ducks in a row before making your request. In summary you need to prepare a monthly budget, determine the duration and type of loan that you will need, get all the financial documents [...]

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