chapter 7

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United States Trustee Ends Random Audits For Oregon and Washington Chapter 7 Bankruptcy Cases

Due to severe budgetary constraints, the United States Trustee is no longer designating bankruptcy cases for random audits. Bankruptcy attorneys across both Oregon and Washington who had to cope with the burdensome audit requirements aslong with their clients are now breathing a heavy sigh of relief Ever since the enactment of the Bankruptcy Abuse Prevention [...]

2013-04-25T01:31:03+00:00

Protecting Your Tax Refund in a Washington Chapter 7 Bankruptcy

In the first few months of any given tax year, families across Washington eagerly wait for their tax refund checks to come back in the mail. For many Washington families, the whole refund process is really used as a savings device to get the money together to cover large out of pocket expenses that cannot [...]

2013-03-16T23:16:26+00:00

Understanding The Personal Bankruptcy Fundamentals

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 [...]

2011-08-22T17:45:43+00:00

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

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 [...]

2011-05-26T01:32:11+00:00

Can I Eliminate My Tax Debt In a Chapter 7 Bankruptcy?

In both Oregon and Washington, you can get rid of any tax debt in a chapter 7 bankruptcy provided that all of the following conditions are fulfilled: 1. The tax debt is not owed due to wilfull evasion or fraud. If you filed a fraudulent tax return or otherwise willfully attempted to evade paying taxes, [...]

2010-07-25T17:25:14+00:00

Can I add a Creditor after my Bankruptcy Case has been Filed?

You can add a creditor to you bankruptcy, but it is imperative that you get the information regarding that creditor (name, address, approximate amount owed and if at all possible the account number) to your attorney as quickly as possible. Though adding an additional creditor will result in a small court imposed filing fee and [...]

2010-07-11T15:09:35+00:00

Getting Ready to File Bankruptcy

Steps to Take Before Filing A Bankruptcy In Oregon or WashingtonDo 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 [...]

2010-02-04T16:55:54+00:00

What is the Means Test?

 As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, a "means test" has been instituted to determine whether or not a debtor is entitled to a Chapter 7 discharge, or whether such debtor must convert the case to one under another chapter of the Bankruptcy Code. The basic purpose of the [...]

2008-12-21T17:14:40+00:00

Personal bankruptcies soar in financial crisis

Ifmounting credit card bills are threatening to pull you under, you may beconsidering bankruptcy as a way to hit the restart button.TheAmerican Bankruptcy Institute expects worsening economic conditions to drive upthe number of consumer filings this year to their highest level since stricterbankruptcy terms went into effect in 2005.Themore than 880,000 filings through October have [...]

2008-11-23T18:47:43+00:00
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