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Legal Articles, Bankruptcy & Debt

Overview of Chapter 13 Bankruptcy

This is a brief Chapter 13 Bankruptcy Overview which covers the general purpose of filing this chapter of bankruptcy.

Challenge to garnishment; Wage exemption; Financial institution; Comingled funds

Oregon law specifies a percentage of wages that is exempt from garnishment by the employer. Additionally, exempt wages retain their exempt character when deposited in an account with a financial institution providing those wages are reasonably identifiable.

Are Taxes Due the IRS Dischargeable in Bankruptcy?

One of the most frequently asked questions by consumers who are contemplating filing bankruptcy is: "Are Taxes Due the IRS Dischargeable in Bankruptcy?"

California's Short Sale Legislation

Recently the California Legislature approved Senate Bill 931 (SB 931) amending Code of Civil Procedure CCP §580e to provide for anti-deficiency protection to certain short sales.

Can I Eliminate My Second Mortgage in Bankruptcy?

The current financial crisis, brought on by the collapse of the housing market has more and more people looking for solutions to their "under water" property. .

Can I Safely Walk Away from My Mortgage

This is an educational article about the current financial crisis and whether it is wise to "walk away" from your mortgage.

Foreclosure and the Bankruptcy Stay

While there are many reasons for the rise in bankruptcy filings, with working families falling victim to job losses, the collapse in the real estate market and plunging home values is one of the principal reasons for the rise in filings.

Real and Personal Property Exemptions in Bankruptcy

One of the first questions that most potential bankrupts have is, “What will happen to my property, if I file for bankruptcy?”

Types of Foreclosure

With the collapse of the real estate market, the word "foreclosure" has unfortunately become an often used word in the English language. This article will provide information about the types of foreclosures found in various states and how they work.

Reduce Your Mortgage in a Single Asset Bankruptcy

If you are a natural person, corporation, partnership or limited liability company that owns an income producing parcel of real property and you are behind on payments or perhaps “underwater” you should consider filing a single asset Chapter 11 real estate bankruptcy.

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