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August 2016 Archives

Criminal court practices may create a debtors’ prison

In centuries past, people across America would be imprisoned for failing to pay their debts. Fortunately, debtors’ prison is now illegal in Oregon and elsewhere. However, this does not stop unscrupulous debt collectors from telling debtors that they can be sent to prison for not paying a debt. While there is no such thing an official debtors’ prison these days, the activities of numerous courts across the country suggest that in some ways, debtors’ prisons are alive and well.

Chapter 13 bankruptcy may be an option for small businesses

Throughout the posts in this blog, we have discussed the differences between Chapter 7 and Chapter 13 bankruptcy, as they apply to people in Eugene and elsewhere. These types of bankruptcy are known as personal bankruptcies, which are filed by people for their own personal debt. However, if you are a small business owner who is experiencing debt problems related to your personal life or business, or both, you might consider filing for Chapter 13. At The Law Office of Kim Covington, we are prepared to answer the questions small business owners may have when it comes to reducing overwhelming debt and saving their company.

Stopping creditor harassment for a debt you do not owe

Our blog post last week discussed the possibility of a creditor going after you for the debts of a deceased parent. While you can be reassured that, unless you co-signed on a parent’s loan, you should not be held responsible for repaying a parent’s debt, this may not stop debt collectors from sending you harassing letters or phone calls. At The Law Office of Kim Covington, we understand how frustrating this can be for Eugene residents. Is there anything you can do to stop the creditor harassment?

Will my deceased parents’ debt affect my credit rating?

There is much that you have to deal with after the death of a parent, from the funeral arrangements to sorting out personal items. This should be a time for you to reflect on the life of your loved one and to cherish those memories – not to have to worry about expenses resulting from the outstanding debt of a deceased family member. Unfortunately, many Eugene residents might believe that they are responsible for repaying debt after their parents have died. If your parents still owed money on a mortgage, credit cards or other debt, will it negatively impact your credit if you do not pay it off?

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