chapter 13

Guidelines for Individual Bankruptcy in Washington

September 15, 2011

Filing for bankruptcy typically follows the laws set up by federal laws, and most states have their own specific rules linked to the federal bankruptcy laws. Those wanting to declare themselves bankrupt in the state of Washington ought to meet with a bankruptcy attorney experienced not only in the bankruptcy process but one who is [...]

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Understanding The Personal Bankruptcy Fundamentals

August 22, 2011

If you’re having problems managing payments or expenses of any sort and are contemplating declaring bankruptcy, you will need to understand the basic principles of bankruptcy. When you study bankruptcy options and start to understand what bankruptcy is about, the data you gather can help you make your decision. Even though it’s a good idea [...]

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If You’re Filing Bankruptcy in Oregon, It Is Advisable To Retain An Attorney

May 26, 2011

When you’re thinking of filing for bankruptcy, it’s actually a very big decision. In truth, you shouldn’t move ahead into individual bankruptcy unless you’ve researched each and every option beforehand. If you are contemplating declaring bankruptcy, there are various things to consider. The first decision you should make is whether or not you file Chapter [...]

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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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The Disposable Income Requirement In Chapter 13

April 24, 2009

The Bankruptcy Code requires that you to send all your disposable income to the Chapter 13 Trustee for at least three years and in some cases for up to five years. Your disposable income is the amount left over after you subtract your reasonable and necessary living expenses from your net income. This amount is [...]

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Portland Chapter 13 Bankruptcy Trustee Requires Copies of Tax Returns.

April 24, 2009

In Oregon, the Judge’s Order approving your Chapter 13 plan states that you must submit signed and dated copies of both your federal and state tax returns  to the Trustee every year during your plan whether you get a refund or not. Send your tax returns and any other documents other than your plan payments [...]

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Taking on Credit During Chapter 13

April 23, 2009

In Oregon, the Confirmation Order approving your plan, states that you may not incur any credit obligations during the life of your plan without the Trustee’s written consent. The exceptions to this rule are limited to (1) in an emergency, or (2) for ordinary expenses for a business approved in your plan. Any request for [...]

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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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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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