Author Archive

CFPB releases Study on Mandatory Arbitration Clauses in Consumer Contracts

The Consumer Financial Protection Bureau recently released a study regarding mandatory arbitration agreements in consumer contracts. (For a shorter explanation of the study, you can refer to the CFPB’s Factsheet.) Arbitration is a process by which disputes are resolved, often in private, with arbitrators making a decision on the case rather than a jury of […]

Medical debt now less of a hit on credit score


News | by — August 9, 2014

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Fair Issac Corp., otherwise known as FICO, just announced some major changes to how certain types of debt will be reported on a consumer’s credit report. Medical debt will now be given less weight on a consumer’s credit score than it did in the past. FICO indicated that for individuals for whom the only negative […]

Debt Collection in America


News | by — July 30, 2014

Today’s Oregonian featured a front page story stating that 1/3 of Americans have debt in collections. The article cites to a recent study published by the Urban Institute called Delinquent Debt in America. While we know that the recent recession had and continues to have a major impact on the lower and middle classes, the […]

Protecting children from identity theft


News | by — September 25, 2013

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Recently, The Oregonian ran an article regarding identity theft of minors.  The article cited an alarming study which found that 1 in 40 households with children under 18 have been victims of child identity theft. (Javelin Strategy and Research; 2012) Identity thieves use a child’s clean credit record to receive public benefits, obtain credit or […]

How long is a Chapter 13 Bankruptcy?


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


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


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.

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


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 […]