Read the
BLOG
Federal Exemptions Now Available in Oregon
On July 1, 2013, Governor Kitzhaber signed Senate Bill 396 which now allows Oregon residents to use federal exemptions when filing for bankruptcy. Previously, Oregon residents were limited to exemptions provided for under Oregon law As discussed on our web…
Supreme Court Rules on What Constitutes "Defalcation" By a Fiduciary
The Bankruptcy Code embodies the “fresh start” principle, the idea that people who have made mistakes in their financial lives, or who have simply been the victims of bad luck, can seek refuge in bankruptcy, and discharge their debts. As…
Be Careful With Short Sales and Loan Modifications
In an effort to avoid a foreclosure on a home, many homeowners look to short sales and loan modifications. While it is true that short sales and loan modifications can help prevent foreclosures, they can produce nasty surprises come tax…
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