Bad News for Oregon Bankruptcy Filers Hoping to Avoid Second Mortgages in Chapter 7 Bankruptcy

In a big  victory for mortgage lenders and an even bigger loss for Oregonians struggling to carry two mortgages, the U.S. Supreme  Court has just ruled that underwater homeowners can’t get rid of a second mortgage by filing for chapter 7 bankruptcy. Where a home is worth less than the amount owed on the first [...]