Compliance Center: Supreme Court Rules Junior Mortgages Cannot Be Voided in Bankruptcy

Learn more about the Supreme Court’s decision; your question answered about cashing an “on-us” check; plus this week’s legal briefs.

Compliance Question of the Week

What do we do if a member says he is filing bankruptcy and we just received a garnishment?

Oregon Revenue Package Due Thursday

With a goal of ending its session by early July at the latest, the Oregon Senate is working to finalize a revenue package that will pass both chambers. Meanwhile, a freshman lawmaker shares insight into the complicated process of getting legislation passed.

Compliance Question of the Week

We just found out a member has filed for bankruptcy. What should we do?

Compliance Question of the Week

What is a discharge and when does it occur in the different bankruptcy filings?

Consideration of Bankruptcy the Result of a Poor Economy

Falling home prices, rising medical costs, and a stagnant job market are causing many families in the Pacific Northwest to struggle to keep up with their debt obligations. In this environment, bankruptcy will look like an unwanted, but increasingly attractive option.