Debtors often have property subject to a lien when they file for bankruptcy. In order to keep the property debtors can often sign a reaffirmation agreement. A reaffirmation agreement is a new contract between the debtor and secured lender. The contract is the debtor’s promise to continue making future payments in exchange for the lender’s promise to not repossess. Reaffirmation agreements must be approved by the bankruptcy court. Bankruptcy Rules reqire reaffirmation agreements be filed within 60 days after the first meeting of creditors.
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In a September 16, 2020 press release, the IRS offered Oregonians living in certain counties affected by the recent wildfires some breathing room from the upcoming October 15, 2020 deadline […]
The Bankruptcy Code is full of specific dollar limitations and allowances. These figures include dollar limits on eligibility for use of Chapter 13 and many other amounts, such as the […]
If your tax return is audited by the Oregon Department of Revenue, you will likely receive a Notice of Deficiency at the conclusion of the audit. If you receive a Notice of Deficiency or Notice of Assessment, or any other notice from the Department of Revenue, consult with an experienced tax attorney who understands the assessment and collection process and who will advocate on your behalf