Welcome to our Vancouver, WA Bankruptcy Mini-Site!

Featured

Posted on by

Welcome to our mini-website for Vancouver, Washington bankruptcy. The attorneys of Baxter & Baxter, LLP, are dedicated advocates for consumers. Baxter & Baxter, LLP, is a Pacific Northwest consumer protection law firm with offices in Oregon and Washington. To visit our firm’s main website, visit www.baxterlaw.com.

The Vancouver WA bankruptcy lawyers, Portland Oregon bankruptcy attorneys, Oregon City bankruptcy lawyers, and Hillsboro bankruptcy attorneys of the Baxter & Baxter, LLP, represent individuals in Chapter 7 and Chapter 13 bankruptcy. Our mission of committed and zealous consumer advocacy is unrivaled, and our track record of excellence and professionalism is recognized nationwide.

This site includes an aggregation of news stories about business, finance, and politics that bears upon our consumer protection and bankruptcy practice. We hope you will find the stories interesting and useful.

Call (360) 574-5239 to speak with a Vancouver WA bankruptcy attorney today!

More Information about Bankruptcy

“We are a debt relief agency. We help people file for relief under the Bankruptcy Code.”

Eliminating Second Mortgages through Chapter 13 Bankruptcy

Featured

Posted on by

The bursting of the housing bubble in the midst of a flagging economy has caused home values to drop precipitously. Zillow.com reports that home values in the Portland, Oregon metropolitan area have dropped by about 11% in the last year alone, and some neighborhoods, such as the Pearl District, have dropped over 20% this year. Many of the homes sold in during the housing boom were purchased with an “80/20” mortgage, that is, a first mortgage for 80% of the purchase price, and a second mortgage for the remaining 20%.

Where the value of the home has fallen below the total outstanding balance of the first mortgage, it is possible to “strip” the second mortgage in Chapter 13 bankruptcy. (The debtor must qualify for a Chapter 13 repayment plan). A second mortgage can sometimes be converted into unsecured debt and could be discharged or classified as non-priority debt in the Chapter 13 plan.

Example: The homeowners paid $500,000 for their house in 2006, with a $400,000 first, and a $100,000 second. Since that time, their home has fallen in value to $395,000. These homeowners could strip off the second mortgage, eliminate $100,000 in debt (most likely at a much higher interest rate), and keep their home.

Stripping the second mortgage is not possible in every case. However, even if a homeowner does not qualify for a “strip down” of a second mortgage, they may be able to renegotiate the terms of the second mortgage, which may be at a high or variable interest rate.

Bankruptcy Attorney Vancouver WA

Posted on by

Bankruptcy Attorney Vancouver WABankruptcy Attorney Vancouver W

Advocacy. Integrity. Results.

Welcome to our website. The attorneys of Baxter & Baxter, LLP, are dedicated advocates for consumers. Baxter & Baxter, LLP, is a Pacific Northwest consumer protection law firm with offices in Portland, Hillsboro, Oregon City, and Vancouver.

The Oregon consumer protection lawyers of the Consumer Litigation Group represent individuals in cases with false credit reports, identity theft cases, unlawful debt collection cases, and consumer fraud cases. The Portland, Oregon bankruptcy attorneys, Hillsboro, Oregon bankruptcy lawyers, Oregon City, Oregon bankruptcy attorneys, and Vancouver, Washington bankruptcy lawyers of the Bankruptcy Practice Group represent individuals in Chapter 7 and Chapter 13 bankruptcy. Our mission of committed and zealous consumer advocacy is unrivaled, and our track record of excellence and professionalism is recognized nationwide.

Nationally Respected Consumer Protection AttorneysThe consumer protection attorneys of Baxter & Baxter, LLP, represent consumers in false credit report cases, unlawful debt collection practices cases, and other consumer cases. We handle identity theft cases and cases of mistaken identity. These cases often involve false credit reports, credit report disputes, and debt collector harassment. We also represent consumers who have been sued by debt collectors for bills that they do not owe.

  1. The Consumer Litigation Group represents consumers on a contingent basis. We don’t get paid a fee unless there is a recovery or result in your favor.For more information about the Consumer Litigation Group, click on the links below:

    Member of the National Association of Consumer Advocates (NACA).

    Knowledgeable and Dedicated Bankruptcy LawyersThe Portland, Oregon bankruptcy lawyers, Hillsboro, Oregon bankruptcy attorneys, Oregon City, Oregon bankruptcy lawyers, and Vancouver, Washington bankruptcy attorneys represent individuals in Chapter 7 and Chapter 13 bankruptcy. We offer a free initial consultation. We can stop collection calls from debt collectors and home foreclosures. We can advise consumers whether to file for bankruptcy, and what form of bankruptcy to file.

    Call today to speak with a Portland bankruptcy attorney, an Oregon City bankruptcy attorney, a Hillsboro bankruptcy attorney, or a Vancouver WA bankruptcy attorney.

    We offer a free initial consultation. Our rates are competitive, and if you don’t have the full fee right now, call us to discuss prioritizing your payments.For more information about the Bankruptcy Practice Group, click on the links below:

    Member of the National Association of Consumer Bankruptcy Attorneys (NACBA).

    “We are a debt relief agency. We help people file for relief under the Bankruptcy Code.”

    Bankruptcy Attorney Vancouver WA

Bankruptcy Attorney Vancouver WA

 

Correction: Pay reduction

Posted on by
Pay reduction: A Thursday story said the Vancouver school district suspended paid training for principals to achieve a 1.9 percent pay cut mandated by the legislature. The loss of paid training equals a 3 percent cut, which is the mandated reduction for administrators. Also, while a 1.9 percent pay reduction to teachers enacted last fall is the equivalent of three days’ pay, the reduction was realized through cuts in paid training days and other measures.
Posted in Uncategorized