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April 2014 Archives

The basics of auto repossession

Many types of debt can typically lead Oregon residents to experience financial challenges. Mortgages, medical debt and automotive loans are common liabilities that debtors may have troubles paying or staying current on. People behind on car payments may be concerned about the repossession of a vehicle and need to find ways to save their cars and also stop creditor harassment. Understanding some of the basics about repossession can help when potentially facing such action.

The bankruptcy and medical debt connection

Debt struggles are nothing new to Oregon families. Certainly the economic challenges of recent years have exacerbated many of the experiences for some people but these types of challenges have always and will always exist. Medical debt, lack of employment, divorce, deaths or other factors can all contribute to a person’s inability to make ends meet. Many options can exist to help people get back on their feet but identifying the right one can be difficult at times.

Bankruptcy rate falls in commercial and noncommercial sectors

In Oregon as well as throughout the nation, many people with financial challenges have sought help with high, overwhelming debt in recent years. For individuals or couples, Chapter 13 or Chapter 7 bankruptcies have been able to offer help and the ability to get a fresh start. Many companies as well have found a bankruptcy to be an effective way of restructuring and keeping their businesses afloat.

Caution urged for debtors when seeking debt relief help

Oregon residents struggling with debt may face many types of obligations. These can include mortgages, medical bills, balances on credit cards, student loan payments and more. When a debtor cannot afford minimum payments on any of these types of consumer debt, collection action may ensue. Some people may look to a Chapter 7 or Chapter 13 bankruptcy for help with others may be able to successfully achieve loan negotiation to provide relief from creditor harassment and mounting debt.

State House candidate moves on after Chapter 7

Many residents in Oregon suffered greatly in the recent housing downturn and economic recession. The break in the housing boom, unemployment and other factors led many people in the state to seek help for their financial challenges. Some people were able to find the debt relief they needed through consolidation plans and others opted to take advantage of the protection provided under either a Chapter 13 or a Chapter 7 bankruptcy.

Office Locations

The Law Office of Kim Covington

Eugene Office
1445 Willamette Street, Suite 9
Eugene, OR 97401

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Albany Office
1135 Dale Street SE, Suite #B
Albany, OR 97321

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Roseburg Office
1701 West Harvard, Suite 201
Roseburg, OR 97470

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Phone: 541-393-2790
Toll Free: 800-673-1891
Fax: 541-344-6466