Two Separate and Distinct Lists of Debts. Which Are Not Written Off in Bankruptcy Most debts ARE written off in bankruptcy. But there are two very different sets of debts which aren’t. To understand bankruptcy it helps to understand the difference between these two.
Some Divorce Debts CAN Be Written Off in Bankruptcy Adam M. Weiner Bankruptcy Layer, Attorney, DivorceYou may have heard that in bankruptcy you can never discharge financial obligations to your ex-spouse that were created through your divorce. This misconception is understandable because it’s true much of the time. You can’t discharge virtually any kind of obligation owed to your ex-spouse under Chapter 7. You cannot discharge child and spousal support with ANY kind of bankruptcy. As stated above, only NON-SUPPORT obligations can be discharged, and only under Chapter 13.
Oregon Employers Can't Use Your Credit Report Anymore When Deciding Whether to Hire You Adam M. Weiner Bankruptcy Layer, Attorney, Credit ReportOn July 1, 2010, Oregon's Job Applicant Fairness Act went into effect making it unlawful for most employers to require a job applicant to provide a credit report when applying for a job. There are some exceptions to this law, which include job applicants for bank jobs, police, security, and/or if credit information "is substantially job related." Nonetheless, this is a powerful law that not many other states have.
IF all of the equity in the home is completely covered by the “senior” mortgage(s), leaving not a penny of equity to cover the next-in-line mortgage or line of credit, then in a Chapter 13 Bankruptcy the junior mortgage and/or line of credit can be stripped away.