by Jeremy Rickson | Jun 13, 2018 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, News
By: Erich Paetsch, Creditors’ Rights & Bankruptcy and Litigation Lawyer On June 4th, the Supreme Court clarified when discharge of debts may occur if the debt arises out of fraudulent statements about assets. As a result, banks cannot assume that all...
by Jeremy Rickson | Jul 15, 2015 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News
Buying a house may seem like a personal matter, but when a borrower takes out a home loan many parties are involved in the transaction: the borrower, the lender, a trustee and other beneficiaries. Further complicating matters is modern financing permits changes to...
by Jeremy Rickson | Jul 14, 2015 | Banking, Creditors’ Rights & Bankruptcy, Litigation, News
In a suit for judicial foreclosure, a plaintiff has the option of asking the court for a money award against a debtor. After amendments to the Oregon statutes dealing with judicial foreclosure from 2003 to 2007, some circuit courts began interpreting these provisions...
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 8, 2015 | Banking, Creditors’ Rights & Bankruptcy, News
By Creditors’ Rights and Bankruptcy Practice Group For lenders who maintain perfected security interests in collateral, the Second Circuit’s recent decision in In Re Motors Liquidation Company, et al. will go down in history as a...
