When people in Oregon are struggling with credit card debt, they may consider options such as credit counseling or debt settlement. Both of these may offer them assistance in regaining control of their finances. However, there are a number of key differences between the two options, which may make one better suited for a situation than the other.
April 2016 Archives
Like other Oregonians, you may have several credit cards that you use to make purchases. On average, American households that carry credit card debt owe $5,700, according to NASDAQ.com. Our team at The Law Office of Kim Covington knows that having such debt may affect your financial freedom and future. Therefore, we will discuss how to deal with credit card debt so that you can regain control of your finances.
For any number of reasons, you may find yourself struggling with debt. Like others in Oregon who are facing significant financial issues, you may have considered chapter 7 bankruptcy as a debt relief option. Filing for bankruptcy, however, is a serious decision with potentially lasting implications. Therefore, it is important for you to understand how chapter 7 bankruptcy works before taking action.
If you are like others in Oregon who are struggling with overwhelming debt, then you might have considered filing for bankruptcy. Through a chapter 13 filing, you may be able to regain control of your finances without liquidating your assets. However, at The Law Office of Kim Covington, we know that the chapter 13 bankruptcy process may be confusing for some. In this post, we will discuss how chapter 13 bankruptcy works.
Despite the best efforts of Oregon bankruptcy attorneys and lawmakers, many myths continue to circulate about bankruptcy and the effect it can have on a person’s life. While many myths can be harmless, those regarding bankruptcy can be extremely damaging to someone’s financial health if they go into a bankruptcy believing one thing and something altogether different results. The same is true if they avoid a bankruptcy for the same reasons.