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August 2017 Archives

Alternatives to bankruptcy might not be as good as they seem

For those experiencing periods of financial struggle, there may be numerous available options to assist an individual in pursuing debt relief. However, when researching each in turn, one might want to proceed with caution, as certain avenues may do more harm than good. Instead of rushing into a settlement agreement, individuals in Oregon and elsewhere might find it beneficial to consider seeking guidance on the benefits of filing for bankruptcy.

Giving a fair amount of thought to the process of bankruptcy

There are a variety of circumstances that can lead individuals in Oregon and across the country to experience financial hardships. Regardless of how a person reaches this point, a significant amount of debt can have a substantial impact on his or her quality of life, which could spark a need for financial relief. However, when exploring the available outlets, some may wonder if bankruptcy is the correct path in which to pursue relief from the burdens of debt.

Can a lender sue me after repossessing my car?

According to Quartz.com, more than six million Americans are currently delinquent on their car loans, which is a new record-high since the 2008 recession. Banks are more willing to take on risk since the economy has recovered, but many more Americans are also at risk of losing their vehicles to repossession. Therefore, people who are currently paying loans on their vehicles should be aware of the actions lenders can take against delinquencies.

Exploring bankruptcy when credit cards fuel one's everyday life

There are numerous circumstances in which individuals in Oregon and across the nation might find themselves facing insurmountable debt. Financial hardships can be exceedingly burdensome, and in some cases, may be challenging to overcome. Those who are constantly struggling with monetary issues could benefit from exploring the available options for relief, such as bankruptcy.

Seeking out the facts when considering bankruptcy in Oregon

Many individuals in Oregon and elsewhere have dealt with the overwhelming stress of debt at some in point in life. While in some cases, these troublesome circumstances may only be temporary, in others, a more long-term solution might be necessary. However, those who are in need of debt relief may sometimes attempt to steer clear of bankruptcy due to certain misconceptions about the process.

Are investment accounts protected during Chapter 7 bankruptcy?

Many individuals in Oregon and across the country have sought out options for debt relief during extended periods of financial struggle. Those who wish to explore Chapter 7 bankruptcy as a viable solution may have concerns about certain aspects of the process, such as the liquidation of assets. While one's first thought may go straight to personal assets such as a car, it might be beneficial to consider the potential impact bankruptcy may have on investments and retirement accounts.

Beware of post filing collection attempts

Anyone who files for bankruptcy protection expects that the bothersome creditor calls and letters will stop. After all, that is the primary benefit of the automatic stay. Most creditors follow the law and cease any further collection efforts. However, there are some who claim to be ignorant of any bankruptcy filings and continue to press debtors into paying up.

Secured debt and unsecured debt defined

If you are considering filing bankruptcy, you are probably concerned about what types of debt you may be entitled to eliminate, as well as how much debt you can make disappear. This is a common and legitimate concern. After all, if you are saddled with just as much debt after bankruptcy than before it, or if your standard of living is markedly worse than before bankruptcy, perhaps it may not the best option for you.

Tips for rebuilding your credit

The transition into adulthood is both exciting and scary. There are a lot of new responsibilities. You completed school and went out to start your career. You moved into your own residence. You have a car to maintain and groceries to purchase. You are ready to take your life to the next step. In order to do this, you want a secure future for you and your family.

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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