by Jeremy Rickson | Jun 10, 2015 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News
A recent Supreme Court case considered whether, in a Chapter 7 bankruptcy proceeding, a junior mortgage may be voided when the senior mortgage amount exceeds the value of the property. For lenders, this means that if you hold a mortgage that is second in line to the...
by Jeremy Rickson | Jun 5, 2015 | Construction, Litigation, News, Real Property & Land Use, Winery/Vineyard/Brewery
By Mark Shipman and Alan Sorem Each year when the Oregon State Legislature meets, members of the legislative body propose a number of land use bills. This year is no exception. The following is a selective summary of land use bills currently pending before the Oregon...
by Jeremy Rickson | Jun 5, 2015 | Estate Planning & Probate, Litigation, News
by Estate Planning Practice Group Thinking about including your favorite charity in your estate plan? Here are four simple, but important, items to consider. Name and Taxpayer Identification Number Start by obtaining your charity’s legal name and unique nine digit...
by Jeremy Rickson | Jun 3, 2015 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News
Bankruptcy courts have a seemingly obvious purpose—to settle bankruptcy claims. However, bankruptcy courts may also hear and decide matters that would traditionally be argued in a federal district court if those matters are related to the bankruptcy proceeding and the...
by Jeremy Rickson | May 29, 2015 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News
During a Chapter 13 bankruptcy proceeding, a trustee collects a portion of a debtor’s wages for distribution to creditors according to a court-approved payment plan. At any time, a debtor may convert his Chapter 13 proceeding into a Chapter 7 proceeding, during which...
by Jeremy Rickson | May 29, 2015 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News, Real Property & Land Use
As an update to our blog post of November 25, 2014 (below), the United States District Court for the District of Oregon recently changed course with regard to property surrendered in bankruptcy, vacating and remanding In re Watt. Judge Ann Aiken recognized the lack of...
