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July 2016 Archives

An explanation of debt that is not dischargeable in bankruptcy

If you are considering filing for bankruptcy, you may think that all of your debts will disappear and you will be left with an entirely clean slate. However, this is not necessarily true. Depending on the types of debt you have, you and other Eugene residents may still have some debt you are required to pay back after a Chapter 7 discharge. At The Law Office of Kim Covington, we understand the differences between dischargeable and non-dischargeable debt, and are prepared to assist you in learning what your obligations are.

What is the difference between a secured and unsecured loan?

There are numerous opportunities for Eugene residents to get loans, even if they are recovering from a personal bankruptcy. It can be a good thing to have a line of credit, as long as you manage it carefully. Being responsible with debt can help raise your credit score and give you more opportunities for major loans in the future, such as an auto or home loan.

Gambling addictions may result in cycle of debt and depression

Debt can take many forms. Some people may be up to their ears in credit card debt, while others have student loans and medical bills. Some Eugene residents are struggling with paying their monthly utility bills, especially if their mortgage and car payments are more than they can afford and they are having employment issues. One more aspect of debt that may not be thought about much, but causes a serious problem for countless people across the United States, is gambling debt.

Peak Hosting’s situation shows benefits of corporate bankruptcy

Lane County residents who are experiencing financial difficulties may find relief by filing for Chapter 7 or Chapter 13 bankruptcy. Company owners can also take advantage of the protections and benefits that bankruptcy provides if they are going through a difficult time.

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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