Filing Chapter 13 Bankruptcy With or Without My Spouse in Washington?

November 8, 2011

Unfortunately, there is no simple equation that will reveal whether it’s better to file alone or jointly. The determination will largely hinge on which option allows you to get rid of more debt and keep more of your stuff. Here are some of the factors you should consider: Washington is a community property state and [...]

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Which Debts Must be Repaid in a Chapter 13 Bankruptcy?

November 5, 2011

A Chapter 13 Bankruptcy requires you to pay some of your debts in full and the remainder of your debts to the extent that you can afford to do so. At a minimum, at the start of your case, you will have to be able to show you are likely meet your obligations to fully [...]

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Who Chooses Oregon and Washington Bankruptcy Judges?

November 3, 2011

The Judges of the U.S. Court of Appeals for the Ninth Circuit appoint bankruptcy judges for both Oregon and Washington. The court uses a merit selection process for the initial appointment and for reappointments. Bankruptcy judges serve a renewable fourteen year term. The U.S. Bankruptcy Court for the District of Oregon is authorized five bankruptcy [...]

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New Oregon Bankruptcy Judge

November 2, 2011

The Honorable Thomas Renn has been appointed to serve as a judge of the U.S. Bankruptcy Court for the District of Oregon and will the fill the vacancy in Eugene, Oregon left when Bankruptcy Judge Albert E. Radcliffe died in January this year. Before his appointment, Judge Renn worked as a Chapter 7 panel trustee [...]

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Bankruptcy Filing Fee Increases for Oregon and Washington

October 20, 2011

At its September 2011 session, the Judicial Conference approved changes to the filing fees schedules for Chapter 7 and Chapter 13 Bankruptcy Starting November 1, 20011, the filing fee for a Chapter 7 will increase from $299.00 to $306.00 and the filing fee for a Chapter 13 Bankruptcy will increase from $274 to $281.00. Debtors [...]

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Fannie Mae and Improper Foreclosure

October 5, 2011

Because Fannie and its sister company, Freddie Mac, own or guarantee about half of U.S. mortgages and account for nearly all new mortgages, it is frightening to say the least that Fannie Mae turned a blindI eye to improper foreclosure practices for the better part of a decade. It appears that Fannie Mae not only [...]

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Reducing the Car Debt in Chapter 13

October 2, 2011

If you financed your car over two and a half years ago, Chapter 13 bankruptcy allows you to reduce the balance of your car loan and pay lower interest on that loan. For example: Lets say three years after purchase, you owe $20,000 on the car note, but the car is only worth $10,000. Because [...]

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Oregon Repossessions Double in August!

October 1, 2011

A bad sign for Oregon debtors hoping to avoid bankruptcy: Repossessions in Oregon more than doubled, last month. This nasty trend was largely due to Bank of America’s efforts to recoup its losses. If you are past due on a Bank of America car loan, or any car loan for that matter, it is probably [...]

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Missing Mortgage Payments from Portland to Seattle

September 22, 2011

Portland and Seattle area home owners are having a trying time keeping up with their mortgage payments. Portland, Oregon now leads the country ingrowth in missed mortgage payments since 2007. Portland is up nearly one hundred percent. Seattle for its part ranked fourth with a nearly two-thirds increase. The Pacific Northwest as a whole is [...]

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Portland Metro Foreclosure Rates

September 22, 2011

In June, the Portland metro area foreclosure rate reached its highest level in over three years. Nearly three percent of outstanding mortgages in the Portland area were in foreclosure as of July first. As in most metro areas, the highest foreclosure rates were generally in Portland’s suburbs while the more urban counties had lower rates. [...]

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