Otis is an unincorporated community in Lincoln County, Oregon, United States, a half mile north of Otis Junction on Oregon Route 18. It is near the Salmon River. According to USA Today, in 2005 the Otis area had a population of about 3,000. Otis post office was established in 1900 and was named after Otis Thompson, nephew of Archibald S. Thompson, the postmaster. U.S. Route 101 used to pass through Otis until a curvy and hilly section of road was rerouted in the 1960s. Otis Junction is at the intersection of the former terminus of Oregon Route 18 and the former alignment of U.S. 101. The Sitka Center for Art and Ecology has an Otis mailing address but is located nearer to the coast on Cascade Head. The Otis ZIP code, 97368, also covers the community of Rose Lodge. Today Otis and Otis Junction are considered synonymous. Otis made the national headlines in 1999 and again in 2004, when it was announced that the town was for sale for $3 million. The news stories describe the Otis Café and other amenities that are at Otis Junction; it is unclear if the 193 acres that were for sale included the land in Otis proper. Owner Vivian Lematta's grandfather bought the land from descendants of the Siletz Indians for $800 in 1910. Lematta left Otis in 1957. Included in the sale were the gas station and mini grocery store, a Pronto Pup corn dog stand, two houses, an empty 25-stall horse barn, a helicopter storage shed, a garage, a Grange hall, the Otis post office, the Otis Café, an auto-repair garage and 190 acres of farmland. Part of the land was used for raising cattle and part was undergoing timber conservation.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Oregon

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. § 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...