The Law Office of Kim Covington

Call For A Free 1-Hour Consultation
541-393-2790 | 800-673-1891

Please Ask For Kim Directly When Scheduling An Appointment

May 2013 Archives

Bankruptcy case involving Oregon man may help future debtors

For those who have worked hard to repay their debts, and still find it impossible to do so, filing for bankruptcy is an option to obtain a fresh start. When Congress overhauled the bankruptcy system in 2005, many consumers looking for debt relief were discouraged to find that student loans could not be forgiven unless they met extremely difficult situations defined under the law. A recent appeals court ruling may have reinstated hope for those who are hoping to reorganize debt and file for personal bankruptcy as a way to obtain financial freedom.

Market crash may result in loss of land for Oregon man

When a person in Oregon attempts to take out a loan from bank, they may be asked to list an asset as collateral to guarantee that the bank gets their money back. If the loan is not paid on time, the bank may take that asset from the person or garnish the wages of the borrower. The borrower may end up losing their possessions as a result of a debt that is not paid on time, no matter how important or valuable the possession is.

Medical bills high on list of debts for recent college grads

After a person graduates from college in Oregon, they may be forced to take over financial responsibility for some expense that were previously covered by their parents, or paid for by their student loans. At the likely age for adults to graduate, many will be required to find jobs that provide health insurance, or begin paying for their own medical expenses. As costs for health care rise, many recent college graduates may find it hard to keep up on their bills and still pay for their health care costs.

Rules revised regarding credit for stay at home spouses

Credit cards may be used for a variety of different reasons. Some people use credit cards to build credit and help get better rates on loans for larger items after they have a higher credit score. Others use credit cards as a way to supplement income to buy things that are needed or wanted. Unless credit cards are used in smart ways, many people find themselves buried with credit card debt, and being harassed by a credit card company for money they cannot pay.

Oregon Democrat introduces legislation to crack down on loans

When a person in Oregon does not have the money to purchase the necessary or wanted things for themselves or their family, they may choose to use credit cards to make purchases, or take out high interest loans to meet their obligations. As these loans and cards accrue interest, the debt becomes overwhelming and the person can’t keep up without borrowing more money. Eventually, when the bills pile up and they are looking for ways to get out of debt, they may choose to use bankruptcy as an option to escape harassing creditors and get a fresh financial start.

email us for a response

Learn More About Your Fresh Financial Start

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

The Law Office of Kim Covington is a debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 19 years.

The Law Office of Kim Covington

The Law Office of Kim Covington
1445 Willamette Street, Suite 9
Eugene, OR 97401

Toll Free: 800-673-1891
Phone: 541-393-2790
Fax: 541-344-6466
Eugene Law Office Map

P: 541-393-2790

T: 800-673-1891

F: 541-344-6466