Articles from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa

Six Bankruptcy Mistakes for Oregon Debtors to Avoid

The federal bankruptcy laws promise a fresh financial start for the honest but unfortunate Oregon debtor.  Any Oregon consumer considering bankruptcy should take care to avoid making any of the following mistakes.
Mistake #1: Incurring Debts Close to Filing Bankruptcy

New Study on Chapter 13 Bankruptcy

Economists with the National Bureau of Economic Research recently examined a half million bankruptcy filings in the United States in order to evaluate the effect of bankruptcy laws on consumers.

Judge Brian Lynch Now the Chief Bankruptcy Judge for Western District of Washington

Judge Brian Lynch has now been appointed as Chief Bankruptcy Judge for the Western District of Washington effective October 1, 2014. Before joining the court, Lynch was  a partner at the Seattle law firm of Bishop White & Lynch and then for years served as a Chapter 13 Trustee for the District of Oregon.     
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Oregon FICO

It appears that the the new FICO 9 scoring model is going to be better for Oregonians with scant reporting and medical collection accounts. The new model distinguishes medical debt from non-medical debt. The upshot is that  Oregon consumers with unpaid medical collections could improve by as much as 25 points per account. Moreover, borrowers with multiple accounts in collection will no longer be penalized for any old debts carrying a $0 balance. Individuals with more than one account in collection could see scores boosted by as much as 50 to 75 points.

New Product for Rebuilding Credit After Bankruptcy

Interesting development for Oregon bankruptcy clients trying to rebuild their credit after bankruptcy. No idea whether the product is really worthwhile, but Rent Track allows Oregon renters to have their rent payments factored into their credit scores. It requires only the renter and property manager to sign a form and the tenant them makes payments online either by e-check or credit card. The payment is then reported to the credit bureau with scores reflecting the on time payment.  

Expanded Bankruptcy Law Office Hours

I am pleased to report that attorney Mark Ditton who has long managed many of our bankruptcy cases in Portland and Salem, Oregon will be moving to Seattle this week to expand our Seattle Bankruptcy Law Office. Mark will now supervise all of our Washington cases including Chapter 13 matters in Vancouver and Tacoma. Our 
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Oregon Utility Debts and Bankruptcy

The Bankruptcy Code protects Oregon debtors from utilities disconnecting water, home phone, electricity or gas services. Utility services such as cable television, cell phone services or internet are not considered utilities for this bankruptcy protection because they.
A Portland or Salem utility company simply is not allowed alter, refuse, or discontinue service to an existing customer solely because either (1) the customer filed for bankruptcy protection; or (2) the customer failed to pay a pre-petition debt to the utility.

Values for Property in Oregon Bankruptcy

In bankruptcy, Oregon and Washington debtors are required to list all their assets and give a corresponding estimated value of his or her property. This is an easy task when the asset has an easily fixed cash value, like a stock, owed wages, or cash money. Household and personal items, vehicles, and even real estate are often more challenging.

We Need to Know About Your Car and House in Bankruptcy

Most bankruptcy law firms in Oregon and Washington have their clients fill out some kind of questionnaire as part of the bankruptcy filing process. Our firm is no exception, though we are one of the few that offers its clients the ability to fill out their questionnaires online. The fact is that it is an almost unavoidable part of the process. We aren’t detectives and only you can tell us what your personal property. Many bankruptcy clients forget that they are required to list personal property that they are paying on.

New Guide to Student Loan Law for Bankruptcy Clients

Recently I noted on our Oregon bankruptcy blog that our firm has expanded our debt law practice areas  to include student loan law. As part of that process, I have just completed a thirty page guide on student loan law for Oregon and Washington debtors. I am obviously happy to send on a free copy of this guide to any of our prior, current or prospective bankruptcy clients. Please feel free to email me directly at [email protected] if you would like me to send one to you.

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