Pay Most or All of Your Bankruptcy Attorney Fees After Filing!

July 5, 2010

In contrast to all other Oregon and Washington bankruptcy firms, we always make arrangements with our clients so that they can pay either most or even all of their bankruptcy attorney fees after their cases are filed.
In an Oregon or Washington Chapter 7 Bankruptcy Case, we offer our clients the option of either paying $1000.00 [...]

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Can I Get Out of My Chapter 13 Early By Making Bigger Payments?

July 3, 2010

Under the Bankruptcy Code, you must send all your disposable income to the Trustee for a minimum of 3 years and in some cases for up to 5 years. Your disposable income is the amount left over after you subtract your reasonable and necessary living expenses from your net income.
Your monthly payment is spelled out [...]

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Bankruptcy Filings at Highest Point Since 2005

July 3, 2010

Through the first six months of 2010, consumer bankruptcy filings were up more than 14% more than filings made over the same period last year. The sum total represents the largest number of filings since the Bankruptcy Abuse Prevention and Consumer Protection Act was enacted to stop the increase in filings five years ago.
The American [...]

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New Permissible Income Levels for Oregon and Washington Chapter 7 Bankruptcies

March 13, 2010

Starting March 15, 2010, it will became just a little more difficult for people in Oregon and Washington to qualify for Chapter Seven Bankruptcy. This is so because the median income figures for households ranging anywhere between one and four members have declined over the course of the last few months.
In Washington, a households making [...]

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New Chapter 13 Debt Limits

February 22, 2010

Currently the maximum debt limits for Chapter 13 are  $1,010,650 in  secured debt, and $336,900 in unsecured debt.  On April 1, 2010, those debt limits will likely increase to $1,081,500 for secured debt, and $360,525 in secured debt.  While these increases are not exactly exponential,  these days every little bit helps.

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Filing Bankruptcy and Keeping Your Tax Refund

February 12, 2010

Your ability to keep your tax refund while filing a Chapter 7 Bankruptcy may largely hinge on whether qualify for the Oregon or Washington Bankruptcy exemptions. This is so because there is no exemption in the state of Oregon that allows you to keep your much of your refund; whereas, in Washington there is an [...]

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Finding Your Creditors Prior to Filing Bankruptcy

February 5, 2010

Debtors across both Oregon and Washington often wonder how they will possibly discover all their creditors prior to filing bankruptcy. Luckily, Under the Fair and Accurate Credit Transactions Act,  you are entitled to a free copy of your credit report each year.
While it is possible to access your credit report online, many  credit reporting companies [...]

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Getting Ready to File Bankruptcy

February 4, 2010

Steps to Take Before Filing A Bankruptcy In Oregon or Washington

Do your best to limit the the amount of purchase activity in the ninety days prior to the actual filing of your case.
Stop using all of your credit cards today.
If you have made big purchases, executed balance transfers or taken cash advances in the last [...]

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Payday Loans Cause Bankruptcy?

February 2, 2010

Payday loans are hazerdous to your financial health: People who take out payday loans are nearly eight times more likely to file bankruptcy than those who don’t.  Yet each year eleven million American families take out payday loans often at a 500% yearly interest rate.
Not suprisingly a clear correlation between payday loans and bankruptcy has [...]

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Bank Accounts and Your Bankruptcy

February 1, 2010

Clients often worry about whether they will be able to open or even keep bank accounts while their bankruptcy is pending, or even after their bankruptcy is closed.  In both Washington and Oregon, there are no bankruptcy laws that would prevent you from opening or keeping a bank account.  There may, however, be some issues [...]

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