We hate to see anyone feel bad about filing bankruptcy. Every day we meet with people at our Portland, Salem and Sandy office who feel horrible about filing. In almost all cases, filing is completely beyond their control.
My guess is that if you were to take a poll in Oregon and ask participants why people end up filing bankruptcy, a significant percentage would identify a failure to live within a budget as the primary cause of bankruptcy filings.

In 2005, lawmakers passed the Bankruptcy Abuse Prevention & Consumer
Protection Act (BAPCPA) and made several significant changes to U.S. bankruptcy
laws. BAPCPA affected both consumer and business bankruptcies by creating
a new test to determine who is capable of paying back what they owe, and
what bankruptcy chapter they are eligible to file under.
Today, any person who chooses to file for

Two years after bankruptcy, Jim gets 3.25% car loan Just got an email from Jim, who filed Chapter 7 bankruptcy with me in 2015.  His case was approved and discharged in May 2017.  In August 2017, he got a car loan at 3.25%.

Two years after bankruptcy, Jim gets 3.25% car loan Just got an email from Jim, who filed Chapter 7 bankruptcy with me in 2015.  His case was approved and discharged in May 2015.  In August 2017, he got a car loan at 3.25%. I tell people to try to get three years after the bankruptcy, to […]

Two years after bankruptcy, Jim gets 3.25% car loan Just got an email from Jim, who filed Chapter 7 bankruptcy with me in 2015.  His case was approved and discharged in May 2015.  In August 2017, he got a car loan at 3.25%. I tell people to try to get three years after the bankruptcy, to […]

Wynn at Law LLC always encourages estate planning clients to check who they’ve elected as beneficiaries of their accounts and policies. Not all assets are distributed by or through a will. Some accounts, such as retirement funds and life insurance policies, let owners name beneficiaries for that particular asset.

Here are a couple of examples where missing or ‘wrong’ beneficiary listings can be a hang up for your decedents.