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Overview of Chapter 7 Bankruptcy in Oregon and Washington

Sometimes it's helpful to have kind of a global or overhead view of a process before drilling down in into the particulars. What follows is a view of Chapter 7 bankruptcy in Oregon and Washington from 30,000 feet up. I mean that both figuratively and literally as I am writing this 30,000 feet above eastern [...]

2017-10-23T20:18:16+00:00

Oregon, Bankruptcy and Marijuana

So you were in the marijuana business or worked in it and things didn’t work out. Now you are thinking about filing bankruptcy and wonder what effect, if any, your former business or employer is going to have on you.  As bizarre as it might sound to anyone living in Portland or Salem where dispensaries have [...]

2017-10-23T20:17:05+00:00

The Phantom Bankruptcy Discharge for the Washington Non-filing Spouse

A little known secret about bankruptcy in Washington is that you can get most of the benefits of a bankruptcy discharge even if your spouse filed and you don’t. This is so because of Section 523(a)(5) of the bankruptcy code, a little known provision that applies to a bankruptcy discharge in a community property state. [...]

2017-10-23T20:16:15+00:00

Taxes Are A Big Concern For Bankruptcy Filers in Oregon

While taxes are a big concern for bankruptcy filers nationwide, it is a particularly pressing issue for Oregonians. This is so because in addition to taxes that might be due and owing to the IRS, Oregonians have to worry about taxes owed to the Oregon Department of Revenue.  While the IRS is always fairly reasonable [...]

2017-10-10T16:12:23+00:00

IT’S THE TRANSFERS THAT COST YOU MONEY IN BANKRUPTCY

Many of the clients who come to see us at one of our Bankruptcy Law Offices in Oregon or Washington bring in a list of concerns. One issue that almost comes up is the fear of what will be lost in bankruptcy. The suspicion is that the greatest risk of loss will come from [...]

2019-03-12T10:45:58+00:00

BANKRUPTCY AND SECURITY CLEARANCE

Generally, bankruptcy itself will have not have any impact on your ability to obtain or maintain a security clearance. If you think about it, bankruptcy really should make you less of a security risk. Filling out the security clearance application form, requires you to fully disclose your financial life in great detail. If you [...]

2019-03-12T10:33:23+00:00

HOW TO MAKE YOUR CAR DEAL BETTER IN BANKRUPTCY

If your car debt situation isn’t working for you, bankruptcy can provide you with opportunities to do some pretty great things to improve your situation. Under the bankruptcy code, interest rates and monthly car payments can often be lowered. Under some circumstances, the amount that you now owe on the car can be reduced as [...]

2017-10-06T22:18:12+00:00

DATE, TIME AND LOCATION FOR YOUR SALEM BANKRUPTCY HEARING

Once you a case is filed, the first question most of our clients have is when where is their Meeting of the Creditors is going to be held.  In terms of the when, we will let you know after the case is filed. If you forget, the Court itself will mail you a notice setting [...]

2017-10-06T22:25:27+00:00

DON’T FEEL BAD ABOUT FILING BANKRUPTCY

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 [...]

2017-10-06T22:08:18+00:00

Debt Lawyer: What Happens to Income Taxes in Bankruptcy?

Unless you’re a debt lawyer, the interplay between bankruptcy and your income taxes can be confusing. However, it is important to understand how income tax debts and refunds impact your bankruptcy claim. A single mistake can be costly. Chapter 7 Bankruptcy and Income Taxes In a Chapter 7 bankruptcy, you can discharge some types of [...]

2017-05-22T16:51:57+00:00