In Oregon, if a judgement has been entered against you and you have not filed  bankruptcy, the judgement creditor can garnish your bank account. Once your bank account is garnished, you will receive a challenge to garnishment form which is sometimes also referred to as a Claim of Exemption. Once you receive it,  you will need to complete the form and file it with the court as quickly as possible in order to claim that your property is exempt from garnishment.

Attorney General, Eric Holder, has just announced that the U.S. government will now recognize same-sex marriages as equal to traditional marriages in all federal legal matters.

I’m Northern Virginia Bankruptcy Lawyer Robert Weed. For nearly twenty years, I’ve served people in Herndon from my office in Sterling, VA. Herndon bankruptcy rate–one family of every ten since 2007 Herndon is located in western Fairfax County.  Fairfax is the third highest income county in America, (Loudoun is first) and Herndon has higher income […]The post Herndon Bankruptcy Lawyer Information appeared first on Robert Weed.

Debtors may wonder if they can keep their vehicle in a Chapter 7 bankruptcy case if they are still making payments on it.  Others may wonder what can happen if they have been unable to make payments but they still want to retain the vehicle.  Even though there are two options a debtor may have [...]

The unfortunate answer to this question is yes they can. Oregon case law permits bank’s the right of set off which enables them to take money out of your account to pay back any money you owe to them as long as you have signed an agreement giving them that right. If you signed such an agreement, it probably wasn’t when you set up the actual account but when you signed up for the credit card or took out the loan.

Low income debtors, particularly seniors and the disabled, across the state of Oregon are often concerned about a collectors’ ability to garnish of levy their social security or SSI benefits. Thankfully, the answer is almost alays a resounding; however, as with all things, there are exceptions to this rule. These exceptions are as follows:

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for February 06, 2014 J.C. Penney Company, Inc. Is 1 Step Closer to Bankruptcy BottleRock Music Festival Backer Files for Bankruptcy Buffet Partners files for Ch. 11 bankruptcy

Nicole Eggert, 42, former star of the television show “Baywatch” files bankruptcy with this filing being her third attempt in one year.  Eggert filed a Chapter 13 bankruptcy petition to restructure financial obligations and catch up on mortgage payments to prevent foreclosure of her home.  She filed bankruptcy twice in the last year with both [...]

You get what you pay for.

The Percentage Will Depend Many clients want to know what percentage is going to get paid back to creditors if they file chapter 13 bankruptcy. The answer to this question depends on a number of different factors. First, the debtor’s income is factored into the equation right from the start.