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chapter 7 bankruptcy Archives

Overcoming the burdens of debt through Chapter 7 bankruptcy

Constantly dealing with overwhelming amounts of debt can place a substantial financial weight on a person. Individuals in Oregon and elsewhere who experience the strains of debt may wish to pursue relief, but with little to no experience in the area, they may be uncertain where to turn for advice. Those who are facing similar circumstances could benefit from seeking guidance on the potential advantages of filing for Chapter 7 bankruptcy.

Bankruptcy: Potential health concerns of dealing with debt

Many individuals in Oregon and across the country have experienced periods of financial struggle at some point in their lives. While the stress of monetary hardships can be challenging enough on its own, studies suggest that constantly dealing with heavy debt loads could also be harmful to one's health. Those who place a great deal of importance on their well-being may wish to avoid any potentially devastating consequences by exploring the options for debt relief, such as bankruptcy.

Retiring without the burdens of debt through bankruptcy

Many individuals in Oregon and elsewhere have placed a great deal of thought into their retirement. With years of saving and planning under their belts, one might not want to let anything affect his or her preferred retirement age. However, with consumer debt on the rise, many are entering this period of life with overwhelming financial burdens, some of whom may find it advisable to consider the potential benefits of filing for bankruptcy.

Consumer bankruptcy and its impact on assets and debts

Many individuals in Oregon and across the country consider their financial future to be of the utmost importance. When facing substantial monetary hardships, one who wishes to protect this area of life may subsequently wonder about the available options for relief. For those who consider Chapter 7 bankruptcy, there are several factors that may influence their decision, and seeking guidance could prove beneficial to navigating the process.

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.

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.

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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