There are a number of misconceptions about bankruptcy with many consumers under the impression that filing will hurt them.  Fortunately, the process can help you and once you gain the necessary knowledge and get clarity about filing, it may improve your financial situation in more ways than one.  In short, if you are unsure about [...]

The meeting of creditors in your bankruptcy case goes faster when you know the questions you may be asked.
These questions are largely standard, and many are required by the U.S. Department of Justice.
The purpose of these questions is to ensure that you’ve properly listed all of your assets, debts, and financial circumstances.

What a great way to explain how improvisational music is made.
This weekend I will be improvising. Every day, moment to moment, I improvise, of course . . . but this weekend is my favorite sort: musical improvisation. And I get to do it on a guitar that makes …

Deciding to file for bankruptcy is a significant step toward improving your finances.  Whether you have decided to file Chapter 7 or Chapter 13 bankruptcy, one of the most important steps you should take includes getting to know the process and what to expect.  In this sense, it helps to make the filing process easier [...]

Our Oregon and Washington bankruptcy clients are often extremely concerned with repairing their credit scores after obtaining their bankruptcy discharges. It is important to note that your credit score is likely to recover exponentially in the two years after your discharge in bankruptcy. This is particularly so, if you manage to stay employed(not always a simple feat these days) and pay your bills on time. That said, there are steps you can take to stack the deck.

Lindsey v. Pinnacle Nat’l Bank (In re Lindsey), Appeal No. 12-6362 (6th Cir., Aug. 13, 2013)
The Sixth Circuit held this week in a published opinion that a bankruptcy court’s denial of confirmation of a Chapter 11 plan is not a final appealable order. In so holding, the Sixth Circuit joins four other circuits, while three other circuits have held to the contrary. Read More ›

In the case of In re Selinsky, 365 B.R. 260 (Bkrtcy.S.D.Fla.2007)(Ray, J.), the court dealt with a situation of five serial bankruptcy filings by the Debtor and her husband to stall a foreclosure of their real property. The mortgagee's motion for relief from the automatic stay case before the court.

The meeting of creditors in your bankruptcy case is nothing to be scared of – so long as you know what’s coming.
In every bankruptcy case – be it a Chapter 7 or a Chapter 13 – requires a meeting of creditors. This meeting, required by Section 341 of the U.S. Bankruptcy Code, is also sometimes called a 341 meeting.

One of the most serious concerns that many debtors have before filing is what in the world is going to happen to their retirement accounts. Fortunately there are pretty strong protections in place that allow most consumers to protect the contents of these accounts.
The federal exemptions, which are available to most Oregon and Washington bankruptcy filers, exempt most retirement accounts, including IRAs, 401ks, PERS and even many stock bonus plans. What this means is that these assets are not available for distribution to your creditors in a bankruptcy.

History of Bankruptcy, Anyone? Adam Brown is a bankruptcy attorney for Dexter & Dexter, a debt relief agency helping people file for bankruptcy.