Bankruptcy Misconception There is a misconception out there that states that a married couple must file a joint bankruptcy case. This is simply not the case at all. It is true that the total family budget is a factor in determining whether a bankruptcy case can be filed and of which chapter. However, there is+ Read More

There are many keys to having a successful chapter 13 bankruptcy case. Most importantly, a successful case is one where the debtor has the financial ability to reorganize, the determination to see it through and the ability to satisfy the many requirements of the bankruptcy code. One main factor that I found to be a+ Read More

The Home Affordable Refinance Program (HARP) is a federal government mortgage refinance program launched in March 2009 that helps underwater homeowners refinance their mortgages. Underwater homeowners will receive new mortgage rates with lower monthly payments. If you owe more on your home than what your home is worth, then HARP may be the answer for you.

Once your Chapter 13 Bankruptcy Plan is approved by the Oregon Bankruptcy Court, a Confirmation Order is entered.  Among other things, the Confirmation Order bars you from taking on any credit obligations during the pendency of your case without the Oregon Chapter 13 Bankruptcy Trustee’s written approval. There are only two exceptions to obtaining prior written approval for taking out credit. In the event of emergency no written approval is required. Similarly, no written approval is requried for run of the mill expenses for a business approved in your plan

Article in the Washington Post: Last week, Attorney General Loretta E.

Big Banks Plead Guilty to Criminal Charges
The banks — Citigroup, JPMorgan Chase, UBS, Barclays and Royal Bank of Scotland Group — were hit with $5.6 billion in fines and penalties.

How can you find the best Walworth County bankruptcy attorney? While we would love to say that we are the best, it is important to do your own research. You can investigate information online, seek referrals from family and friends, and read reviews.
In our humble opinion, the best Walworth County bankruptcy attorney is someone who is extremely experienced. You don’t need an attorney who only experiments or “dabbles” in bankruptcy law. You need an attorney who lives and breathes bankruptcy.

In Oregon every Chapter 13 bankruptcy must have a plan. In essence, the plan is really a summary distributed to your creditors that lets them know how you intend to take care of your debt issues. Once your plan is approved, the Oregon Bankruptcy Court will regard your Chapter 13 plan as a contract between you and your creditors. Of course like any contract, your Plan is subject to modification in the event your financial circumstances change.

During a recent chapter 7 341 meeting of creditors, the trustee inquired about a stock loss. The inquiry was a result of examining the debtor’s tax return for the current year and seeing a carryover loss of nearly $40,000. The trustee wrongfully believed that the debtor had sold or liquidated $40,000 worth of stock during+ Read More