Oregon

List Every Debt in Your Bankruptcy

May 18, 2008

It can often be difficult to convince clients that that they need to include all of their debts in bankruptcy.  Generally this stems from the fear that if they list a house with a mortgage or a car with a car loan, they will lose their car or home in the bankruptcy proceeding   The [...]

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What is a Lien?

May 13, 2008

The determination of whether a debt is secured or unsecured hinges on whether there is a lien with respect to the property.  In general terms, a lien is a claim against specific property. Typically, the claim belongs to the person or the business that is owed a debt, usually a debt related to the property. It [...]

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Top Ten Tips for Dealing with Collectors in Oregon and Washington

May 4, 2008

Insist on specific information about the debt. Tell the collector you will not discuss the debt until you receive the documents and review them. That is the law — within five days after you are first contacted, the collector must send you a written notice detailing the amount of money you owe, the name of [...]

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Dealing with Collections Agencies in Oregon and Washington

May 4, 2008

In Oregon and Washington, if you stop making full payments on your bills, a creditor will likely turn your account over to a collection agency, a business that specializes in collecting unpaid bills. It is legal for a creditor to turn your bill over to a collection agency regardless of whether you’ve offered to make [...]

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Bankruptcy on the Rise

April 25, 2008

Estimates show that 1.1 million to 1.4 million Americans will file bankruptcy this year as tough filing rules get trumped by tougher economic woes.   The 2008 estimates are way below the more than 2 million bankruptcies in 2005, when a tsunami of cases ended up in court in anticipation of stricter filing laws taking [...]

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Bankruptcy Glossary

April 20, 2008

ADVERSARY PROCEEDING: A lawsuit filed in the bankruptcy court related to the debtor’s bankruptcy case such as complaints filed to determine whether the debtor should get a discharge or to determine the value of a lien. ARREARAGES: The amount you are behind on in making payments. If your monthly payment is $400, and you’re four [...]

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Credit After Bankruptcy

April 18, 2008

In both Oregon and Washington, debtors on the precipice of bankruptcy often end up on the receiving end of creditor threats regarding the potential impact of bankruptcy on their ability to obtain credit after their debts are discharged. In a recent article, Katherine Porter, an associate professor of law at the University of Iowa, noted [...]

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Washington Bankruptcy-Where is my Meeting of the Creditors Held?

April 8, 2008

In Washington, the Clerk’s Office for the Bankruptcy Court, sends a notice to the debtor and to all the creditors that provides the date, time and location of the sec. 341 meeting of creditors.  The location of the meeting depends on the county where the debtor resides or has his principal place of business or [...]

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