Posts in "News"

How long is a Chapter 13 Bankruptcy?

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News | by — September 10, 2013

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First, the disclaimer: The article below is for informational purposes only. It is not designed, nor is it intended to offer specific legal advice or create an attorney-client relationship.  To do that, you’ve got to meet with us.   You may know that a Chapter 13 bankruptcy requires a partial, and in rare cases, full […]

Reaffirmation Agreements in Bankruptcy

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News | by — September 6, 2013

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First, the disclaimer: The article below is for informational purposes only. It is not designed, nor is it intended to offer specific legal advice or create an attorney-client relationship. If you want that, you’ve got to meet with us.     Reaffirmation in Bankruptcy If you file a bankruptcy, and owe money to a secured creditor, […]

Pay Forward, Pay Back Program: New Law may help young Oregonians obtain a college education without student loan debt

A relatively short bill (3 pages), House Bill 3472, has passed both houses of the Oregon Legislature and may completely change how future Oregonians will pay to obtain a public higher education in this state.  This bill currently sits on the governor’s desk, awaiting signature. The concept behind the Pay Forward, Pay Back Program is […]

Federal Exemptions now allowed in Oregon bankrupcies

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News | by — July 2, 2013

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It’s official! On July 1, 2013, Governor Kitzhaber signed SB 396, allowing the use of federal exemptions in Oregon bankruptcy filings. For more information on the impact of this bill, refer to our previous blog. If you would like to schedule a free consultation to discuss bankruptcy options, contact us here.

Federal Exemptions in Oregon Bankruptcy

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News | by — June 28, 2013

The Federal Bankruptcy Code provides for the use of Federal Exemptions in bankruptcy, unless a state opts out of the federal exemptions. On June 25th, the Oregon Senate passed SB 396. This bill removes the “opt-out” language from our state exemptions, thereby allowing a debtor in bankruptcy to use either federal or state exemptions (but not […]

Can a bankruptcy trustee take my tax refund?

You may have heard that your tax refund may be taken if you file a bankruptcy; however, with the right timing, you can utilize your tax refund, and still file a bankruptcy. Your tax refund is an asset Your tax refund is considered an asset in your bankruptcy. It is an asset, even if it […]

New Refinancing Options for Multnomah County Residents

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News | by — February 13, 2013

The Oregonian recently reported that Multnomah County is the first county in the nation to test a pilot program designed to provide relief to homeowners by allowing them to refinance their high interest rate mortgages despite having negative equity in their homes. Previously these homeowners would have been denied a refinance because their homes are […]

What does my credit score mean?

The range of possible credit scores is 330-830. Most individuals have credit scores between 600 and 750. A credit score over 700 is usually considered “good.” While a credit score below 625 is usually considered “bad.”   Who creates a credit score?  There are three credit reporting agencies. They are Experian, Transunion and Equifax.   […]

How did Obama change student loan repayment?

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News | by — July 4, 2012

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How did Obama change student loan repayment? The Obama student loan reform (The Healthcare and Education Reconciliation Act of 2010) made a variety of changes for future borrowers. The act did not affect those who already have student loans and are no longer borrowing more funds. The act purports to stabilize funding and increase the […]

What are my options if I’ve defaulted on my student loans?

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News | by — July 4, 2012

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The most recent statistics from the department of education (from the 2009 fiscal year) indicate that student loan default-rates continue to increase. Although they haven’t reached their all time high of 22.4 percent in 1989, more and more borrowers find themselves unable to pay back their student loans, 8.8 percent in 2009. What are the […]