Credit Cards

4:29 pm 4:29 pm

Usury and Subprime Home Loans

In the bankruptcy practice where I work, I am seeing an increasing number clients caught in financial binds caused by usurious home loans. Oregon has an explicit exception to the statutes limiting interest and fees charged on loans set forth in ORS 82.010(4).  On the other hand, there are many state and federal statutes including RESPA

11:08 pm 11:08 pm

Bankruptcy is A Christian Idea

Bankruptcy in many ways is a Christian concept.  American bankruptcy laws have Biblical roots.  The seven-year waiting period between personal bankruptcies that was the law until 2005, for example, is based upon Deuteronomy 15:1-2 At the end of every seven-year period you shall have a relaxation of debts, which shall be observed as follows. Every creditor