Due to severe budgetary constraints, the United States Trustee is no longer designating bankruptcy cases for random audits. Bankruptcy attorneys across both Oregon and Washington who had to cope with the burdensome audit requirements aslong with their clients are now breathing a heavy sigh of relief

One of the most important elements debtors should review when considering bankruptcy is how personal debt is handled by the court.  When you file, you are required to list outstanding debt including loans owed to friends or family.  Depending on the chapter you file they are handled differently.  For the most part, these types of [...]

Here at Shenwick & Associates, we often get questions from clients if they may transfer a house or an apartment from one spouse to the other after being sued or prior to a bankruptcy filing. In In re Panepinto, Case No. 12-11230K (Bankr. W.D.N.Y., Feb. 25, 2013), an upstate Bankruptcy Court considered this question and held that such a transfer could be a fraudulent conveyance and set aside.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 23, 2013 Jon Corzine sued by MF Global Holdings bankruptcy trustee Louis Freeh Janice Dickinson Broke? Supermodel Reportedly Declares Bankruptcy How to Find a Great Bankruptcy Attorney

Payday loans, also known as a cash advance, are short-term loans borrowers obtain against their next paycheck.  While they seem convenient in helping you get necessary expenses covered between pay days, many find themselves trapped in trying to break the cycle of getting it paid without the need to take it out again.  Due to [...]

They’d been divorced for years when she discovered he’d been messing with her credit score.
She called in tears, sobbing about how her ex-husband was supposed to have removed her name from the joint credit card as part of the divorce decree. He hadn’t done so, fell behind on the payments to the creditor, and now her credit score looked like swiss cheese.

When bankruptcy is filed, debtors are required to list assets and personal property as part of the bankruptcy estate.  While common items such as saving accounts, jewelry, homes and vehicles are included, there are assets that some may forget to mention upon filing their petition.  Debtors who realize they may have forgotten to list an

The motion to abandon property of the estate is one of the most important parts of motion practice in bankruptcy.  It is particularly important in chapter 7 bankruptcy, because the chapter 7 trustee takes control of all property of the estate.  Additionally, it is important to understand how it works when you omit property from your bankruptcy schedules.

In the Western District of Washington – encompassing Seattle, Tacoma, Vancouver, and Bellingham – it is fairly common for the chapter 7 trustee to conduct a short sale on a debtor’s real property, if a few conditions are met.  The chapter 7 trustee might conduct a short sale on a debtor’s real property if: