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Building Credit
I hear it all the time in my practice. People say they want to “build their credit.” Every time I hear this phrase I cringe. It’s held up like a badge of honor, building credit or having good credit. “I…
Why Hire a Bankruptcy Attorney?
Filing bankruptcy can be one of the most difficult choices a person makes. Often you have been struggling to meet your financial obligations. Something happens and the house of cards comes tumbling down, leaving you faced with a proposition that…
Supreme Court Rules That Inherited IRAs Not Exempt
In a defeat for debtors in bankruptcy, the Supreme Court ruled yesterday that a debtor filing for bankruptcy cannot claim an exemption in an inherited IRA as “retirement funds” under 11 U.S.C. §§522(b)(3)(C) and (d)(12). This case resolved a circuit…
Federal Exemptions Coming to Oregon?
As discussed in one of our previous blog posts, debtors in bankruptcy are able to “exempt” certain property up to a particular dollar value. This means that a Chapter 7 Trustee is not entitled to take any property from a…MORE