Blogs
At the Northwest Debt Relief Law Firm, we know that you probably view bankruptcy as a means to an end: Getting a real fresh start so that you can actually go back to living your life again. For many of our clients getting rid of debt only takes care of part of the problem. The other issue is a bad credit score.
Our clients are not worried about their credit scores because they want to be able to get some new credit cards. Rather they are worried about prospective employers, landlords and mortgage lenders rejecting them on the basis of their low scores. Luckily, the elimination of debt through bankruptcy largely takes care of the problem.
Our clients generally bounce back quickly. We see routinely see people obtain 700 plus credit scores in less than two years after filing bankruptcy. But we would like to see that happen every time. To that end, we have retained a company called 720 Credit Score to provide down and dirty credit repair education to all our clients.
We pay this company over a thousand dollars a month to provide our clients with credit repair education and we are not passing any of the cost on to our clients. We are the only bankruptcy firm in Oregon or Washington that provides this service to its clients, much less does it for free. Our hope is that our clients take advantage of the course.
If you are currently looking at bankruptcy firms ask them what they are doing for their clients once the debts have been eliminated. My guess is the answer will be nothing.
If you have any questions about bankruptcy, please feel free to set an appointment at one of our Washington offices in either Seattle or Vancouver or at one of our Oregon offices in Portland or Salem. If you are a present or former client and you would like to start up the credit repair education class, send me an email and I will get it set up. I look forward to hearing from you.
The original post is titled Northwest Debt Relief Law Firm Now Provides Credit Repair Education to Its Clients for Free , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
Here at Shenwick & Associates, our summer is busy with (among other matters), representing clients in adversary proceedings. An adversary proceeding is a lawsuit that is brought within a bankruptcy proceeding and based on conflicting claims, usually between the debtor (or the bankruptcy trustee) and a creditor or other interested party. Adversary proceedings are governed by special procedural rules under Part VII of the Federal Rules of Bankruptcy Procedure.
Typically, an adversary proceeding is commenced when a business files for reorganization under Chapter 11 of the Bankruptcy Code, and then the case is voluntarily or involuntarily converted to a liquidation under Chapter 7 of the Bankruptcy Code. A Chapter 7 bankruptcy trustee is then appointed. Under § 546(a) of the Bankruptcy Code, the bankruptcy trustee has until the earlier of: (1) the later of two years after the entry of the order for relief, or one year after the appointment or election of the first trustee if the appointment or election occurs before the expiration of the two year period after the entry of the order for relief, or (2) the time the case is closed or dismissed, to commence an adversary proceeding.
Typically, the claims a trustee makes against a defendant in an adversary proceeding are for fraudulent transfers (transfers of the debtor's assets to a third party, with the intent to prevent creditors from reaching the assets to satisfy their claims) under § 548 of the Bankruptcy Code and state law (i.e. New York Debtor and Creditor Law, which has a six year statute of limitations) and preferential transfers (transfers made prior to a bankruptcy filing to a creditor by a debtor to the exclusion or detriment of its other creditors) under § 547 of the Bankruptcy Code and state law. A trustee will usually send the defendant a demand letter for recovery of the debtor's assets to voluntarily settle the claims before filing a complaint and commencing the adversary proceeding.
Adversary proceedings are highly specialized in both their procedural rules and the analysis of the merits of the substantive claims for relief against a creditor or other party. If you're involved in bankruptcy litigation or think you may be (i.e. one of your vendors appears to be having financial difficulty), please contact Jim Shenwick.
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 30, 2013 DMX Files For Bankruptcy Detroit bankruptcy sends tremors through China ‘Real Housewives’ Stars Indicted On Bankruptcy, Fraud And Tax Charges
Bankruptcy exemptions play a significant role during the filing process. They help debtors obtain protection for their assets and personal property against creditors. In short, exemptions provide legal options for debtors to keep their possessions during and after bankruptcy. Chapter 7 bankruptcy exemptions help determine what you can keep, while Chapter 13 bankruptcy exemptions help [...]
Great review of The Hard Gospel's new release, which by the way you must download!
I wanted to do a proper review of The Hard Gospel’s The Commandments Of Morality, but, since I had the honor of getting to go in do some guest vocals on a couple of the tracks during their recordin…
Until recently Oregon single bankruptcy filers with more than $800 worth of jewelry were at risk of losing anything in excess of $800 to the Chapter 7 Trustee. Though this amount was doubled for married filers, the exemptions did not provide much in the way of protection for families holding bracelets or necklaces handed down through generations, or the married couples who had made a real point of saving up to buy marriage rings decades before they had even gotten in debt.
About eight years ago, a Chapter 7 Trustee in Portland actually demanded a wedding ring from a woman at her Meeting of the Creditors; he literally took the ring from her finger.
I am pleased to report that with Oregon’s recent adoption of the federal bankruptcy exemptions, it is now unlikely that anyone will lose jewelry in an Oregon Chapter 7 bankruptcy ever again. The Jewelry exemption has been increased to $1450 for a single person and that amount is doubled for marrieds.
Even filers owning jewelry with a present value in excess of these amounts are still protected because they can use the Wildcard and home equity exemptions to protect another $11,000($22,000 for marrieds) or so in jewelry equity. In essence, unless you are holding the Hope diamond or have a few Faberge eggs, you ice is well protected. From now on, it’s just not an issue.
The original post is titled Keeping Jewelry in Bankruptcy in Oregon under Federal Exemptions , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
Until recently Oregon filers could depend on their state bankruptcy exemptions to protect up to $3000 in household goods. Truthfully protection of household goods does not come up all that often in bankruptcy proceedings. After all, once you buy something and take it home, the resale value is usually pennies on the dollar. That said, many Oregon filers genuinely worried that the Chapter 7 Bankruptcy Trustee might come to their home, inspect their furniture, the contents of their garage, the kids’ toys, etc. and opt to sell off some of the filers’ treasured family heirlooms.
With the recent adoption of the federal exemptions, prospective Oregon bankruptcy filers can now breathe a sigh of relief. The protection for household goods has been increased from $3000 to $11,525. In addition, the wildcard and homestead exemptions can now be applied as well to protect another $11,000 in household goods for single filers and another $22,000 for married filers.
What this means is that your stuff is now protected. You keep it all.
T
The original post is titled Federal Bankruptcy Exemptions in Oregon and Your Household Stuff , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
Filing for bankruptcy can help you keep your assets legally without having them seized by creditors to satisfy an outstanding balance or past due debt. Yet, some who file think they need to hide or withhold information about their personal property in order to retain it. This action may lead to bankruptcy fraud charges, hefty [...]
On August 22, 2013, David Shaev will be presenting at the Consumer Bankruptcy Informational Workshop, a presentation of City Bar Justice Center of the New York City Bar and the U.S. Bankruptcy Court for the Eastern District of New York.
The event will be held at the New York City Bar, 42 West 44th Street, New York, New York from 6:00pm – 8:30pm.
Joining David will be fellow New York City bankruptcy attorneys Sheldon Barasch and Rachel Blumenfeld.
The event is free and open to the public, but registration is required.
Topics to be covered are:
- Types of Bankruptcies available;
- Requirements and costs for filing bankruptcy;
- Advantages and Disadvantages to filing bankruptcy;
- Alternatives to filing bankruptcy; and
- Information about the long-term effects of a bankruptcy Discharge.
For more information or to register, contact the Pro Se Office at the United States Bankruptcy Court for the Eastern District of New York at (347)394-1738.
I hope you can make it for this informative and free session.
Free New York Bankruptcy Information Event – All Are Welcome was originally published on Consumer Help Central. If you're seeing this message on another site, it has been stolen and is being used without permission. That's illegal, a violation of copyright, and just plain awful.
Up until recently Oregon car owners who wished to file bankruptcy had cause for concern. Under the Oregon exemptions, single filers could protect only $3000 in car equity and married filers could protect only $3000 each or $6000 for one vehicle.
Oregon car owners who wished to file Chapter 7 Bankruptcy with more car equity than allowed under the miserly Oregon exemptions faced the prospect of having their cars sold off during the pendency of their bankruptcy case. With Oregon’s recent adoption of the federal exemptions, car owners can now breathe a sigh of relief.
Under the federal exemptions, an Oregon bankruptcy filer can now use the federal car exemption to protect up to $3450 in car equity and this amount can be doubled for married filers. In addition to these protections, a single Oregon bankruptcy filer can stack wildcard and home equity exemptions to protect an additional $11,225 and married filers can stack these exemptions to protect an additional $22450 in car equity.
Unless you are a single bankruptcy filer and you have more than $15,000 in car equity or you are married and have more than $30,000, you are safe. Losing cars in Chapter 7 used to be commonplace. It is now difficult to imagine anyone losing their car in bankruptcy ever again.
The original post is titled Good News for Oregon Consumers and Their Cars in Bankruptcy , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.