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February 2016 Archives

Can I stop paying on some of my debts?

If you are facing serious financial difficulties, chances are that you have had to consider which debts to prioritize and which you may be able to put off paying for a short time. While it is true that you should pay all your debts whenever you have the ability to do so, it is also true that making those payments may not always be possible. According to Forbes, there are some debts that you may consider temporarily not paying on if you are unable to do so. This includes unsecured debts and very old debts.

Healthcare costs affecting many Americans

The inability to pay some or all of one’s medical bills can be one of the most distressing situations people face. When the ever-increasing cost of medical care is paired with the fact that people have little control over the type of care they need, it creates a situation where patients either have to forgo needed medical attention or promise to pay bills they may not be able to afford. A new survey, the National Health Interview Survey, indicates that as many as 32 percent of non-elderly people in the nation may be in this situation.

What is a reaffirmation agreement and when do I need one?

If you are filing for Chapter 7 bankruptcy, you will face the liquidation and sale of all of your non-exempt assets. This process is presided over by a trustee who is appointed to your matter by the court. In some cases, you may desire to keep a non-exempt asset instead of having it sold to pay your debts, or instead of having a debt discharged and losing the property used to secure it. In this case, you may be required to sign a reaffirmation agreement.

Stopping a house foreclosure

When facing financial difficulties, it is common for people to wonder what kind of protections they may have against impending foreclosures. Foreclosure is a type of asset repossession that applies specifically to homes. At The Law Office of Kim Covington, our attorneys are often asked how they can help stop the foreclosure process so our clients can keep their homes while they work through and pay their debts.

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
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