Category Archives: Bankruptcy Law

Why Filing For Chapter 13 Bankruptcy May Be a Better Option for You

Circumstances May Favor Chapter 13 over Chapter 7 Chapter 13 Bankruptcy May Be a Better Option and is a form of consumer bankruptcy that requires some form of repayment to creditors over a three to five year period. Most consumers that we meet in our Oregon and Washington offices  come in believing that Chapter 13 is a repayment plan that will require them to pay everyone back over a certain period of time. In fact that is rarely if ever the case. While some debts may have to be paid in full, though usually at reduced interest rates, others can usually be written off and paid nothing. When then is Chapter 13 the appropriate form of bankruptcy?   Chapter 13 Is Appropriate In Seven Main Circumstances 1) Ability to Pay: If a review of your income and expenses reveals that you can afford to make some form of monthly payment to your creditors, you may be required to file Chapter 13 rather than Chapter 7. Your monthly plan payment would roughly equal the amount that….. To continue reading this legal news please click Read full information...

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Will Bankruptcy Clear Court Fines?

Bankruptcy gives fresh starts to unfortunate yet honest debtors. This fresh start usually comes through a Chapter 13 repayment or a Chapter 7 “liquidation” bankruptcy. Unfortunately, there is a presumption in the law that criminal and civil fines are related to dishonesty. That’s certainly not always the case. Some people make one poor decision under difficult circumstances. Others got mixed up in a bad situation they did not fully understand. Still others were simply in the wrong place at the wrong time. But the presumption of dishonesty still applies... To continue reading this legal news please click Read full information...

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Is My Deck Dreck?

Protect yourself from deteriorating decks! The weather is finally getting nicer, baseball season has started, and deck season is fast approaching. Deck maintenance, regular inspections and repair are necessary to ensure that your relaxing deck experience does not turn into a trip to the hospital! Every year there are numerous deck collapses that could have been avoided. Decks may collapse for a number of reasons, some of which include: 1. ledger boards pulling away from the house 2. ledger boards splitting 3. rotting boards 4. improper fastening 5. rotting posts and beams 6. joist failures 7. ground failure where the beams of the deck are positioned If you know how to perform the inspection and repairs, do them now. If you are unsure, find a reputable contractor to do so. If you were injured in a deck collapse, you may have a legal claim for medical bills, lost wages, pain and suffering, emotional distress, and potentially other damages. This claim may not only be….. To continue reading this legal news please click Read full information...

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Saving Your Home With a Chapter 13 Bankruptcy in Washington

Chapter 13 is famous for two things. Saving Your Home and Being Complicated. Saving Your Home With a Chapter 13 Bankruptcy can be a very tedious process and here are some of the situations below. In the short term, Chapter 13 can stop foreclosures and other creditor actions (much like a Chapter 7). However, unlike a Chapter 7 bankruptcy, Chapter 13 bankruptcy involves a plan of getting caught up with your creditor, namely your mortgage. The automatic stay that stops foreclosure is great but temporary. What is special about Chapter 13 is the long term plan that gives you the room you need to get back on track and keep your home.   Given the complication of Chapter 13 bankruptcy, it is really vital that you have not just an ordinary bankruptcy lawyer, but a really good bankruptcy lawyer who is experienced with Chapter 13 bankruptcy.   If you have had a hardship gotten behind on mortgage payments. Chapter 13 could be the solution for you. You want to keep your home….. To continue reading this legal news please click Read full information...

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News Headlines for Apr 16, 2018

Has Partial Substantive Consolidation Taken Off with Republic Airways Holdings? | Patterson Belknap @PBWTLaw ,Pizza Chain Bertucci’s Is Preparing Bankruptcy Filing – Bloomberg ,A $76,000 Monthly Pension: Why States and Cities Are Short on Cash – The New York Times ,FEMA’s plan underestimated Puerto Rican hurricane – POLITICO ,Is Bond Volatility a Better Bet Than Stock Volatility? – Barron’s ,China Tariff Talk Rightly Worries Retailers – Bloomberg ,Hartford debt deal with state sparks political debate – San Francisco Chronicle ,Bertucci’s reportedly set to file for bankruptcy | masslive.com ,Restaurant chain Bertucci’s filed for bankruptcy Sunday night in Delaware.. To continue reading this legal news please click Read full information...

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