Oregon Bankruptcy Laws by eqz21798

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Oregon State Bankruptcy Exemptions

18.395. Homestead exemption.

(1) A homestead shall be exempt from sale on execution, from the lien of every judgment and from liability in any form
for the debts of the owner to the amount in value of $ 30,000, except as otherwise provided by law. The exemption shall
be effective without the necessity of a claim thereof by the judgment debtor. When two or more members of a household
are debtors whose interests in the homestead are subject to sale on execution, the lien of a judgment or liability in any
form, their combined exemptions under this section shall not exceed $ 39,600. The homestead must be the actual abode
of and occupied by the owner, or the owner's spouse, parent or child, but the exemption shall not be impaired by:

(a) Temporary removal or temporary absence with the intention to reoccupy the same as a homestead;

(b) Removal or absence from the property; or

(c) The sale of the property.

(2) The exemption shall extend to the proceeds derived from such sale to an amount not exceeding $ 30,000 or $ 39,600,
whichever amount is applicable under subsection (1) of this section, if the proceeds are held for a period not exceeding
one year and held with the intention to procure another homestead therewith.

(3) The exemption period under subsection (1)(b) and (c) of this section shall be one year from the removal, absence or
sale, whichever occurs first.

(4) When the owner of a homestead has been granted a discharge in bankruptcy or has conveyed the homestead
property, the value thereof, for the purpose of determining a leviable interest in excess of the homestead exemption,
shall be the value on the date of the petition in bankruptcy, whether the value is determined in the bankruptcy
proceedings or not, or on the date the conveyance becomes effective, whichever shall first occur. However, with respect
to judgments not discharged in the bankruptcy, or entered against the owner after discharge, the value on the effective
date of conveyance shall be controlling.

(5) Except as provided in subsection (7) of this section, no homestead that is the actual abode of and occupied by the
judgment debtor, or that is the actual abode of and occupied by a spouse, dependent parent or dependent child of the
judgment debtor, shall be sold on execution to satisfy a judgment that at the time of entry does not exceed $ 3,000.
However, such judgment shall remain a lien upon the real property, and the property may be sold on execution:

(a) At any time after the sale of the property by the judgment debtor; and

(b) At any time after the property is no longer the actual abode of and occupied by the judgment debtor or the spouse,
dependent parent or dependent child of the judgment debtor.

(6) The limitation on execution sales imposed by subsection (5) of this section is not impaired by temporary removal or
temporary absence with the intention to reoccupy the property as a homestead.



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(7) The limitation on execution sales imposed by subsection (5) of this section does not apply if two or more judgments
are owing to a single judgment creditor and the total amount owing to the judgment creditor, determined by adding the
amount of each individual judgment as of the date the judgment was entered, is greater than $ 3,000.

(8) Upon the issuance of an order authorizing sale as provided in ORS 18.536, and in conformance with subsection (5) of
this section, the levying officer may proceed to advertise and sell the property. If the homestead exemption applies, the
levying officer shall pay the homestead owner out of the proceeds the sum of $ 30,000 $ 39,600, whichever is applicable,
and apply the balance of the proceeds on the execution. However, no sale shall be made where the homestead
exemption applies unless the sum bid for the homestead is in excess of the sum of the costs of sale and $ 30,000 or $
39,600, whichever is applicable. If no such bid is received, the expense of the advertising and preparation for sale shall
be borne by the petitioner.

18.428. Mobile home exemption.

(1) Except as otherwise provided by law, a manufactured dwelling or floating home and the property upon which the
manufactured dwelling or floating home is situated exempt from execution and from liability in any form for the debts of
the owner to the value of $ 23,000 if the manufactured dwelling or floating home is the actual abode of and occupied by
the owner, or by the spouse, parent or child of the owner, the manufactured dwelling or floating home is occupied as a
sole residence and no other homestead exemption exists. When two or more members of a household are debtors whose
interests in the homestead are subject to sale on execution, the lien of a judgment or liability in any form, their combined
exemptions under this section may not exceed $ 30,000. The exemption shall be effective without the necessity of a claim
thereof by the judgment debtor.

(2) The exemption provided for in subsection (1) of this section is not impaired by temporary removal or absence with the
intention to reoccupy the manufactured dwelling or floating home as a home, nor by the sale thereof, but shall extend to
the proceeds derived from such sale up to $ 23,000 or $ 30,000, whichever amount is applicable under subsection (1) of
this section, while the proceeds are held for a period not exceeding one year and with the intention to procure another
homestead with those proceeds.

(3) Upon the issuance of an order authorizing sale as required by Section 16 of this 2005 Act, the sheriff may proceed to
sell the premises and, if the homestead exemption applies, out of the proceeds pay the owner the sum of $ 23,000 or $
30,000, whichever amount is applicable under subsection (1) of this section, and apply the balance of the proceeds on
the execution. However, no sale shall be made where the homestead exemption applies unless the sum bid for the
property is in excess of the sum of the costs of sale and $ 23,000 or $ 30,000, whichever amount is applicable. If no such
bid is received, the expense of the sale shall be borne by the petitioner.

(4) The provisions of Subsections (1), (2), (3) and (7) of this section do not apply to:

(a) Construction liens for work, labor or material done or furnished exclusively for the improvement of the manufactured
dwelling or floating home;

(b) Purchase money liens;

(c) Mortgages;

(d) Executions issued on a judgment recovered for the purchase price; or
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(e) The enforcement of a seller's rights under a land sale contract, as defined in section 37a of this 2005 act.

(5) If a debtor owns a manufactured dwelling or floating home but not the property upon which the manufactured
dwelling or floating home is situated, subsections (1), (2), (3) and (4) of this section apply, but the value of the debtor's
interest exempt from execution and liability may not exceed $ 20,000 for an individual debtor, or $ 27,000 when two or
more members of a household are debtors whose interests in the homestead are subject to execution or liability in any
form.

(6) When the owner of a homestead under this section has been granted a discharge in bankruptcy or has conveyed the
property, the value thereof, for the purpose of determining a leviable interest in excess of the homestead exemption,
shall be the value on the date of the petition in bankruptcy, whether the value is determined in the bankruptcy
proceedings or not, or on the date the conveyance becomes effective, whichever shall first occur.

(7) Except as provided in subsection (9) of this section, a manufactured dwelling or floating home, and the property upon
which the manufactured dwelling or floating home is situated, that is the actual abode of and occupied by the judgment
debtor, or that is the actual abode of and occupied by a spouse, dependent parent or dependent child of the judgment
debtor, may not be sold on execution to satisfy a judgment that at the time of entry does not exceed $ 3,000. The
judgment shall remain a lien upon the real property owned by the judgment debtor and upon which the manufactured
dwelling or floating home is situated, and the manufactured dwelling or floating home and real property upon which the
manufactured dwelling or floating home is situated may be sold on execution:

(a) At any time after the sale of the manufactured dwelling or floating home by the judgment debtor, or the sale of the
real property on which the manufactured dwelling or floating home is situated by the judgment debtor; or

(b) At any time after the manufactured dwelling or floating home is no longer the actual abode of and occupied by the
judgment debtor or the spouse, dependent parent or dependent child of the judgment debtor.

(8) The limitation on execution sales imposed by subsection (7) of this section is not impaired by temporary removal or
absence with the intention to reoccupy the manufactured dwelling, floating home and property as a home.

(9) The limitation on execution sales imposed by subsection (7) of this section does not apply if two or more judgments
are owing to a single judgment creditor and the total amount owing to the judgment creditor, determined by adding the
amount of each individual judgment as of the date the judgment was entered, is greater than $ 3,000.

(10) As used in this section:

(a) 'Floating home' has the meaning given that term in ORS 830.700.

(b) 'Manufactured dwelling' has the meaning given that term in ORS 446.003.

18.345. Exempt personal property generally.

(1) All property, including franchises, or rights or interest therein, of the judgment debtor, shall be liable to an execution,
except as provided in this section and in other statutes granting exemptions from execution. The following property, or
rights or interest therein of the judgment debtor, except as provided in ORS 18.305, shall be exempt from execution:


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(a) Books, pictures and musical instruments to the value of $ 600.

(b) Wearing apparel, jewelry and other personal items to the value of $ 1,800.

(c) The tools, implements, apparatus, team, harness or library, necessary to enable the judgment debtor to carry on the
trade, occupation or profession by which the judgment debtor habitually earns a living, to the value of $ 3,000.

(d) A vehicle to the value of $ 2,150. As used in this paragraph 'vehicle' includes an automobile, truck, trailer, truck and
trailer or other motor vehicle.

(e) Domestic animals and poultry kept for family use, to the total value of $ 1,000 and food sufficient to support such
animals and poultry for 60 days.

(f) Household goods, furniture, radios, a television set and utensils all to the total value of $ 3,000, if the judgment
debtor holds the property primarily for the personal, family or household use of the judgment debtor; provisions actually
provided for family use and necessary for the support of a householder and family for 60 days and also 60 days' supply of
fuel.

(g) All property of the state or any county or incorporated city therein, or of any other public or municipal corporation of
like character.

(h) All professionally prescribed health aids for the debtor or a dependent of the debtor.

(i) Spousal support, child support, or separate maintenance to the extent reasonably necessary for the support of the
debtor and any dependent of the debtor.

(j) The debtor's right to receive, or property that is traceable to, an award under any crime victim reparation law.

(k) The debtor's right to receive, or property that is traceable to, a payment or payments, not to exceed a total of $
10,000, on account of personal bodily injury of the debtor or an individual of whom the debtor is a dependent.

(L) The debtor's right to receive, or property that is traceable to, a payment in compensation of loss of future earnings of
the debtor or an individual of whom the debtor is or was a dependent, to the extent reasonably necessary for the support
of the debtor and any dependent of the debtor.

(m) Veterans' benefits and loans.

(n) The debtor's right to receive an earned income tax credit under the federal tax laws and any moneys that are
traceable to a payment of an earned income tax credit under the federal tax laws.

(o) The debtor's interest, not to exceed $ 400 in value, in any personal property. However, this exemption may not be
used to increase the amount of any other exemption.

(2) If the property claimed by the judgment debtor as exempt is adjudicated by the court out of which the execution
issued to be of a value in excess of that allowed by the appropriate paragraph of subsection (1) of this section, the officer
seizing the property shall proceed to sell such property. Out of the proceeds of such sale, the officer shall deduct costs of
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sale and shall pay to the judgment debtor an amount equivalent to the value declared to be exempt by any of the
paragraphs of subsection (1) of this section and shall apply the balance of the proceeds of sale on the execution. A sale
may not be made under such execution unless the highest bid made exceeds the appropriate exemption claimed and
allowed plus costs of sale. If no bid is received in excess of the value allowed by the appropriate paragraph of subsection
(1) of this section, the costs of sale shall be borne by the judgment creditor.

(3) If two or more members of a household are joint judgment debtors, each judgment debtor shall be entitled to claim
the exemptions in subsection (1)(a), (b), (c), (d) and (o) of this section in the same or different properties. The
exemptions provided by subsection (1)(a), (b), (c), (d), (j), (k) and (o) of this section, when claimed for jointly owned
property, may be combined at the option of the debtors.

(4) Notwithstanding any other provision of law except ORS 657.855, if a writ of garnishment or other execution is issued
to collect past due support as defined in ORS 18.600, 75 percent of unemployment compensation benefits, workers'
compensation benefits and other benefits paid to the debtor by the United States, by the state or by a political subdivision
of the state are exempt. The exemption related to unemployment compensation benefits provided by this subsection is
subject to ORS 657.855. The exemption provided by this subsection applies without regard to whether the payment is
made on a periodic basis or in a lump sum, including any lump sum payable pursuant to a settlement or judgment.
Notwithstanding subsection (1)(k) of this section, if a payment is made under a settlement or judgment on account of
personal bodily injury and the garnishment or other execution is issued to collect past due support as defined in ORS
18.600, the lesser of 75 percent of the payment or $ 7,500 is exempt.

18.348. Certain funds exempt when deposited in account; limitations.

(1) All funds exempt from execution and other process under ORS 18.358, 18.385 (2) to (4), 238.445, 344.580, 348.863,
401.405, 407.595, 411.760, 414.095, 655.530, 656.234, 657.855 and 748.207 and 38 U.S.C. 3101 and 42 U.S.C. 407
shall remain exempt when deposited in an account of a judgment debtor as long as the exempt funds are identifiable.

(2) Except as provided in subsection (3) of this section, the provisions of subsection (1) of this section do not apply to
any accumulation of funds greater than $ 7,500.

(3) Subsection (2) of this section does not apply to funds exempt from execution or other process under 42 U.S.C. 407.

18.362. Exemption for firearms.

Every citizen of this state above the age of 16 years shall be entitled to have, hold and keep, for the own use and defense
of the citizen and shall have exempt from execution one rifle or shotgun and one pistol. The combined value of all
firearms claimed as exempt under this section may not exceed $ 1,000.

238.445. Benefits exempt from execution, bankruptcy and certain taxes; exceptions.

(1) Except as provided in this section, the right of a person to a pension, an annuity or a retirement allowance, to the
return of contribution, the pension, annuity or retirement allowance itself, any optional benefit or death benefit, or any
other right accrued or accruing to any person under the provisions of this chapter or ORS chapter 238A, and the money in
the various funds created by ORS 238.660 and 238.670, shall be exempt from garnishment and all state, county and
municipal taxes heretofore or hereafter imposed, except as provided under ORS chapter 118, shall not be subject to


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execution, garnishment, attachment or any other process or to the operation of any bankruptcy or insolvency law
heretofore or hereafter existing or enacted, and shall be unassignable.

(2) Subsection (1) of this section does not apply to state personal income taxation of amounts paid under this chapter
and ORS chapter 238A.

(3) Unless otherwise ordered by a court under ORS 25.387, the exemption from execution or other process granted under
this section applies to 75 percent of amounts paid under this chapter and ORS chapter 238A if the execution or other
process is issued for a support obligation or an order or notice entered or issued under ORS chapter 25, 107, 108, 109,
110, 416, 419B or 419C.

344.580. Payments exempt from process.

Any payments made to an individual with an occupational handicap as maintenance under ORS 344.511 to 344.690 and
344.710 to 344.730 shall not be transferable or assignable at law or in equity. None of the money payable under ORS
344.511 to 344.690 and 344.710 to 344.730 shall be subject to execution, levy, attachment, garnishment or other legal
process or to the operation of any bankruptcy or insolvency law.

411.760. Assistance grants are inalienable.

All moneys granted under the provisions of ORS 411.060, 411.070 and 411.710 to 411.730 shall be inalienable by any
assignment or transfer and shall be exempt from garnishment, levy or execution under the laws of this state.

414.095. Exemptions applicable to payments.

Neither medical assistance nor amounts payable to vendors out of public assistance funds are transferable or assignable
at law or in equity and none of the money paid or payable under the provisions of this chapter is subject to execution,
levy, attachment, garnishment or other legal process.

401.405. Benefits not assignable; exempt from execution, attachment and garnishment.

No benefits payable under ORS 401.355 to 401.465 are subject to assignment prior to their receipt by the person entitled
thereto, nor shall they pass by operation of law. These benefits and the right to receive them are also exempt from
seizure on execution, attachment or garnishment, or by the process of any court.

748.207. Benefits exempt from execution.

No money or other benefit, charity, relief or aid to be paid, provided or rendered by any society, shall be liable to
attachment, garnishment or other process, or to be seized, taken, appropriated or applied by any legal or equitable
process or operation of law to pay any debt or liability of a member or beneficiary, or any other person who may have a
right thereunder, either before or after payment by the society.

743.046. Exemption of proceeds of individual life insurance other than annuities.

(1) When a policy of insurance is effected by any person on any person's own life or on another life in favor of some
person other than that person having an insurable interest in the life insured, the lawful beneficiary thereof, other than
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that person or that person's legal representative, is entitled to its proceeds against the creditors or representatives of the
person effecting the policy.(2) The person to whom a policy of life insurance is made payable may maintain an action
thereon in the person's own name.

(3) A policy of life insurance payable to a beneficiary other than the estate of the insured, having by its terms a cash
surrender value available to the insured, is exempt from execution issued from any court in this state and in the event of
bankruptcy of such insured is exempt from all demands in legal proceeding under such bankruptcy.

(4) Subject to the statute of limitations, the amount of any premiums paid in fraud of creditors for such insurance, with
interest thereon, shall inure to their benefit from the proceeds of the policy. The insurer issuing the policy shall be
discharged of all liability thereon by payment of its proceeds in accordance with its terms unless, before such payment,
the insurer has received at its home office written notice by or in behalf of some creditor, with specifications of the
amount claimed, claiming to recover for certain premiums paid in fraud of creditors.

(5) The insured under any policy within this section shall not be denied the right to change the beneficiary when such
right is expressly reserved in the policy.

(6) This section does not apply to annuity policies.

743.047. Exemption of proceeds of group life insurance.

(1) A policy of group life insurance or the proceeds thereof payable to a person or persons other than the individual
insured or the individual's estate shall be exempt from debts and claims of creditors or representatives of the individual
insured and, in the event of bankruptcy of the individual insured, from all demands in legal proceedings under such
bankruptcy.

(2) The provisions of subsection (1) of this section do not apply to group life insurance issued to a creditor covering the
creditor's debtors to the extent that such proceeds are applied to payment of the obligation for the purpose of which the
insurance was so issued.

743.049. Exemption of proceeds of annuity policies; assignability of rights.

(1) The benefits, rights, privileges and options which are due or prospectively due an annuitant under any annuity policy
issued before, on or after June 8, 1967, shall not be subject to execution, nor shall the annuitant be compelled to
exercise any such rights, powers or options, nor shall creditors be allowed to interfere with or terminate the policy,
except:

(a) As to amounts paid for or as premium on any such annuity with intent to defraud creditors, with interest thereon, and
of which the creditor has given the insurer written notice at its home office prior to the making of the payments to the
annuitant out of which the creditor seeks to recover. Any such notice shall specify the amount claimed or such facts as
will enable the insurer to ascertain such amount, and shall set forth such facts as will enable the insurer to ascertain the
annuity policy, the annuitant and the payments sought to be avoided on the ground of fraud.

(b) The total exemption of benefits presently due and payable to any annuitant periodically or at stated times under all
annuity policies under which the person is an annuitant shall not at any time exceed $ 500 per month for the length of


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time represented by such installments. Such periodic payments in excess of $ 500 per month shall be subject to
garnishee execution to the same extent as are wages and salaries.

(c) If the total benefits presently due and payable to any annuitant under all annuity policies under which the person is an
annuitant shall at any time exceed payment at the rate of $ 500 per month, the court may order such annuitant to pay to
a judgment creditor or apply on the judgment, in installments, the portion of such excess benefits as to the court may
appear just and proper, after due regard for the reasonable requirements of the judgment debtor and family, if
dependent upon the judgment debtor, as well as any payments required to be made by the annuitant to other creditors
under prior court orders.

(2) If the policy so provides, the benefits, rights, privileges or options accruing under the policy to a beneficiary or
assignee shall not be transferable nor subject to commutation, and if the benefits are payable periodically or at stated
times, the same exemptions and exceptions contained in this section for the annuitant shall apply with respect to such
beneficiary or assignee.

743.050. Exemption of proceeds of health insurance.

Except as may otherwise be expressly provided by the policy, the proceeds or avails of all health insurance policies and of
provisions providing benefits on account of the insured's disability which are supplemental to life insurance policies,
issued before, on or after June 8, 1967, shall be exempt from all liability for any debt of the insured, and from any debt of
the beneficiary existing at the time the proceeds are made available for the use of the beneficiary.

657.855. Benefits not assignable; waiver of rights invalid.

(1) Except as provided in this section, benefits due under this chapter may not be assigned, pledged, encumbered,
released or commuted and shall, except as otherwise provided in this chapter, be exempt from all claims of creditors and
from levy, execution and attachment or remedy for recovery or collection of a debt, which exemption may not be waived.
No agreement by an individual to waive the individual's rights under this chapter is valid.

(2) The exemption from execution or other process granted under this section applies to only 75 percent of benefits
payable under this chapter if the execution or other process is issued for a child support obligation or an order or notice
entered pursuant to ORS chapter 25, 107, 108, 109, 110, 416, 419B or 419C and the child support obligation or the order
or notice is being enforced pursuant to a plan approved under Title IV-D of the Social Security Act.

656.234. Compensation not assignable nor to pass by operation of law; certain benefits subject to child
support obligations.

(1) No moneys payable under this chapter on account of injuries or death are subject to assignment prior to their receipt
by the beneficiary entitled thereto, nor shall they pass by operation of law. All such moneys and the right to receive them
are exempt from seizure on execution, attachment or garnishment, or by the process of any court.

(2) Notwithstanding any other provision of this section:

(a) Moneys payable under ORS 656.210 and 656.212 are subject to an order to enforce child support obligations, and
spousal support when there is a current support obligation for a joint child of the obligated parent and the person to
whom spousal support is owed, under ORS 25.378; and
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(b) Moneys payable under ORS 656.206, 656.214, 656.236 and 656.289 (4) are subject to an order to enforce child
support obligations under ORS 25.378.

(3) Notwithstanding the provisions of ORS 25.378 and 25.414, the amount of child support obligation subject to
enforcement may not exceed:

(a) One-fourth of moneys paid under ORS 656.210 and 656.212 or the amount of the current support to be paid as
continuing support, whichever is less, or, if there is no current support obligation and the withholding is for arrearages
only, 15 percent of the moneys paid under ORS 656.210 and 656.212 or the amount previously paid as current support,
whichever is less;

(b) One-fourth of moneys paid in a lump sum award under ORS 656.210 and 656.212 when the award becomes final by
operation of law or waiver of the right to appeal its adequacy;

(c) One-fourth of moneys paid under ORS 656.206, 656.214 and 656.236; or

(d) One-fourth of the net proceeds paid to the worker in a disputed claim settlement under ORS 656.289 (4).

(4) Notwithstanding any other provision of this section, when withholding is only for arrearages assigned to this or
another state, the Department of Justice may set a lesser amount to be withheld if the obligor demonstrates the
withholding is prejudicial to the obligor's ability to provide for a child the obligor has a duty to support.

65.870. Burial lots or space; use, exemption from taxation, execution and liens; lien for purchase price of
gravestone.

Burial lots or space for burial of incinerate remains in buildings or grounds sold by a nonprofit corporation organized and
existing solely for the purposes of either owning and operating a cemetery or cremating dead bodies and burying and
caring for incinerate remains shall be for the sole purpose of interment or deposit and safekeeping of incinerate remains.
Such lots or space shall be exempt from execution, attachment or other lien or process, if used as intended by the
purchaser thereof from such corporation, or the assigns or representatives of the purchaser, exclusively for burial
purposes, and in no wise with a view to profit. Such lots or space shall be exempt from taxation as provided in ORS
307.150. The vendor of any gravestone, however, shall not be prevented from having and enforcing a lien thereon for all
or part of its purchase price. If a suit is brought to enforce such a lien, the judgment therein is enforceable thereafter;
and, for the purpose of enabling the lien to be had and enforced, the gravestone shall be deemed personal property and
may be severed and removed, under execution and order of sale, from the lot where it is situated and may be sold in the
same manner as any other personal property.

655.530. Assignment of benefits under ORS 655.505 to 655.555.

No benefits payable under ORS 655.505 to 655.555 are subject to assignment prior to their receipt by the person entitled
thereto, nor shall they pass by operation of law. These benefits and the right to receive them are also exempt from
seizure on execution, attachment or garnishment, or by the process of any court.




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407.595. Loans not subject to execution or assignment; rules.

No right, payment or proceeds of any loan made under ORS 407.125 or statutes supplementary thereof shall be subject
to garnishment, attachment or execution or the claim of any creditor; nor shall any such right or payment be capable of
assignment except as may be necessary for completion of any loan applied for and then only under such rules and
regulations as may be prescribed by the Director of Veterans' Affairs.

Note: Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to
a local bankruptcy lawyer.




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