When people in Eugene, and throughout Oregon, are struggling with financial challenges, they often consider filing for bankruptcy. For many, however, the possibility of losing their home is a strong deterrent to seeking the assistance and protection they need. Depending on people’s situation and the type of bankruptcy protection they seek, they may not have to give up their homes.
June 2015 Archives
Like many people who are dealing with credit card debt and other financial challenges in Oregon, you may have considered a number of debt relief options. With all of the choices available, however, you may not know which one is best suited for your circumstances. Depending on your situation, credit counseling may provide you the relief you need. In order to determine if it is the right option for you, it is important to know what credit counseling is and how it works.
If you are like many people in Oregon who are struggling with debt, then you may have considered filing for bankruptcy. For some, however, the number of bankruptcy options available to individuals can complicate the decision. At The Law Office of Kim Covington, we often consult with people who are unsure which option is right for their situation. In this post then, we will discuss how to know if filing for Chapter 13 bankruptcy is right for you.
For people in Oregon, and elsewhere, who are struggling with debt, housing-related problems often contribute to their financial challenges. As a result, many turn to Chapter 7 bankruptcy to help them get out from underneath their mortgage loans. Following a recent decision from the U.S. Supreme Court, however, filing for Chapter 7 bankruptcy will no longer provide relief for those with underwater second mortgages.