The Law Office of Kim Covington Kim Covington Bankruptcy Lawyer Kim Covington Bankruptcy Lawyer

Posts tagged "Chapter 7"

Buying a home after bankruptcy

If you have recently filed Chapter 7 bankruptcy, you may feel as if renting a home in Oregon is your only option for the foreseeable future, even though eliminating your debt has put you in good financial shape again. However, you do not necessarily need to wait until the bankruptcy disappears from your credit report before a lender will consider you. At The Law Office of Kim Covington, our team has advised many people who are ready to get back on their feet after bankruptcy.

Stress: The link between debt and poor health

Regardless of the amount of income, debt can be a major problem for those who live in Oregon. The increasingly higher costs of housing and difficulties paying off medical bills and credit card debt are overwhelming for many people. According to the American Psychological Association, annual polls consistently reveal that more than half of Americans are stressed out over money. The problem may be worse for younger adults, and for those who have children under 18 years old.

What does chapter 7 bankruptcy mean for entrepreneurs?

If you own a struggling business in Oregon, you may associate bankruptcy with the end of the line for your entrepreneurial spirit. However, sometimes getting out from under impossible financial circumstances through a chapter 7 bankruptcy may free you to go on to better things. According to Nerd Wallet, that approach has worked for more than one small business owner who fell victim to situations beyond their control.

How do you find a good pre-bankruptcy credit counseling course?

Once you have determined that you cannot get out from under your mountain of debt by making monthly payments, you may be looking forward to the relief of bankruptcy to restore your financial equilibrium. Chapter 7 bankruptcy in Oregon is a process, though, and one of the first steps you must take, before you file, is the completion of a credit counseling course.

Adoption agency files for Chapter 7

From unanticipated medical problems to declining sales, businesses may find it necessary to file for bankruptcy for many reasons. In Eugene, and other cities across the state of Oregon, deciding to file for bankruptcy can be an incredibly difficult decision. However, it can help businesses recover from the financial stressors they are facing and restore a sense of normalcy. For those considering filing for bankruptcy, different options may be on the table. Sometimes, Chapter 7 is the most effective course of action.

The worst things to do when filing for bankruptcy

As you might imagine, there are many steps you must take when you make the decision to file for a Chapter 7 or Chapter 13 bankruptcy. The choices you make before you get to this point may also make a difference between which type of bankruptcy you are approved for or even if a bankruptcy judge approves your request. If you do not complete the steps correctly or make unwise choices before filing, your case could be thrown out. At The Law Office of Kim Covington, we are prepared to assist Eugene clients through these steps, and we also have a full understanding of what they should do before filing.

How hard is it to get approved for bankruptcy?

If you are experiencing financial troubles, bankruptcy might be one of the options you are considering to help you recover. You might have heard that personal bankruptcy is becoming more common. You might also have been told that it is difficult to be approved for a Chapter 7 discharge, or the opposite – that you can easily be approved for a bankruptcy. The truth is that being approved for Chapter 7 largely depends on your income, as well as a few other factors. The following is information that you and other Eugene residents should understand before filing for bankruptcy.

What should you know about bankruptcy fraud?

The chances are that if you are experiencing financial difficulties, you may be considering filing for bankruptcy. Like most types of complex financial matters, there is the possibility of criminal exploitation involving personal bankruptcy. There are people in Oregon and elsewhere who will falsify or manipulate information for their personal gain. It is important that you understand the aspects of bankruptcy fraud so you do not unintentionally violate a rule and be suspected of wrongdoing.

The potential consequences of ignoring bills

If you are constantly receiving overdue notices in the mail or getting repeated phone calls about late bills, it can be quite tempting to just ignore the problem. At The Law Office of Kim Covington, we understand that dealing with financial problems is stressful for you and other Eugene residents. You may find it easier to avoid the stress by ignoring the mail and phone calls. However, pretending a bill does not exist will not make the problem go away. In fact, it could exacerbate your situation.

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.

Office Locations

The Law Office of Kim Covington

Eugene Office
1445 Willamette Street, Suite 9
Eugene, OR 97401

Map & Directions

Albany Office
1135 Dale Street SE, Suite #B
Albany, OR 97321

Map & Directions

Roseburg Office
1701 West Harvard, Suite 201
Roseburg, OR 97470

Map & Directions

Phone: 541-393-2790
Toll Free: 800-673-1891
Fax: 541-344-6466