Oregon – Chapter 13

What Does The Trustee In A Chapter 13 Bankruptcy Do?

May 16, 2012

After filing for bankruptcy, a debtor will receive a Notice of Appointment of Trustee from the court which provides the name, address, and phone number of the trustee. The Notice may also include a list of any financial documents the trustee wants copies of, such as bank statements, canceled checks, and tax returns, and the [...]

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A Hardship Discharge For Your Bankruptcy Payment Plan

May 9, 2012

Chapter 13 bankruptcy helps debtors get themselves out of a deep hole, but it doesn’t cure all of your debt problems. Chapter 13 payment plans can be extremely difficult to uphold. One slip-up in your life and payments are delayed. Unforeseen expenses, job loss, health difficulties or other unplanned life events can make Chapter 13 [...]

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What Happens At A Creditors Meeting?

May 7, 2012

The United States Bankruptcy Court District of Oregon recently published a video of a creditors meeting (video can be viewed in Quicktime). The 341 Meeting Overview Filing for bankruptcy means making at least one appearance for the case. Within a couples weeks of filing, you will receive a Notice of Commencement of Case from the [...]

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Chapter 13 Can Help You Pay For A Depreciated Home

May 2, 2012

Under Chapter 13 in both Oregon and Washington, you can reclassify second and third mortgages that aren’t secured by your home’s value into unsecured debts. The reclassification means you only have to pay a portion of them. In most cases, you end up paying pennies on the dollar before getting rid of them entirely. Like [...]

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Still In Debt After Chapter 7 Bankruptcy?

April 30, 2012

Debtors who file for Chapter 7 bankruptcy aren’t necessarily off the hook. Some liens and debts can survive the Chapter 7 filing or problems can pop-up after filing that change the circumstances of bankruptcy, life happens. Debts like taxes, school loans and mortgage servicers can remain a problem since they aren’t discharged. And besides non-discharged [...]

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Credit Card Debt Lasts Longer In Oregon

April 25, 2012

Oregonians have a newly founded disadvantage in recovering from their credit card debt. Instead of applying the 3-year statute of limitations for collecting on credit card debt from creditors based in states with a 3-year statute of limitations, the Oregon Court of Appeals extended the applicable limitation to Oregon’s own 6-year statute of limitations, effectively [...]

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The Chapter 13 Bankruptcy Process

April 23, 2012

  The goal of bankruptcy is to give debtors a financial “fresh start” from burdensome debts. Bankruptcy laws give debtors the ability to accomplish a fresh start by obtaining a bankruptcy discharge. The discharge releases debtors from personal liability from specific debts and prohibits creditors from ever taking any action against the debtor to collect [...]

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Affordable Bankruptcy Filing Fees

March 21, 2012

Bankruptcy can provide the protection you need to protect yourself from creditors, but the courts might doubt your ability to afford an attorney. After all, how can you afford an expensive attorney if you have no money? The truth is, paying for assistance when going through bankruptcy might be easier than you think. At Northwest [...]

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Hardship Discharge in Chapter 13 Bankruptcy

January 7, 2012

In the years after a Chapter 13 Plan is confirmed, circumstances, such as job loss, disability and long term illness, may arise that conspire to keep a debtor from completing the Chapter 13 Plan. When such situations arise, the debtor may request that the court to grant a “hardship discharge.” rather than force the debtor [...]

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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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