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June 2017 Archives

When you can file bankruptcy more than once

Disasters sometimes strike the same household more than one time. Even though you may have originally recovered from your overwhelming debt by filing bankruptcy in Oregon, you could find that a sudden job loss or medical bills have put your recently rebuilt financial stability in jeopardy. We at The Law Office of Kim Covington have helped many clients to determine their best path forward in these situations.

Will I lose the equity in my home if I file Chapter 7 bankruptcy?

Many people consider purchasing an Oregon home to be an investment. Even when overwhelming debt is straining your finances to the breaking point, you may be hesitating to seek relief because of your house. If you have equity in your home, you may worry that declaring bankruptcy could strip you of all the money you have put into it. The Oregon State Bar explains that the answer to your dilemma is not cut and dried.

Is a no-interest credit card right for you?

Making several credit card payments each month in Oregon may stretch your budget so thin, you do not have room for anything but the minimum amounts on each. However, with high interest rates, your balances go down extremely slowly. According to, many people consolidate debt with a 0 percent interest credit card offer. However, not all offers are the same, and going this route may leave you in worse shape if you are not careful.

When you have medical and credit card debt

If you dread checking the mail each day because of the number of medical and credit card bills piling up in your Oregon home, you may simply need a strategy for dealing with them. Of course, ideally, you would simply write a check for at least the minimum payment to each. But, what if you only have enough income for one or two after taking care of your living expenses? We at The Law Office of Kim Covington often advise our clients on the best way to handle this type of overwhelming debt.

If you want to pay off your Chapter 13 plan early

A raise or bonus at a job or some other sudden increase in income could have someone wondering if it is really necessary to spend the rest of the original time period paying off a Chapter 13 bankruptcy plan in Oregon. According to, it depends on several elements of the debt reorganization plan. The most important factor, though, will probably rest with how much disposable income the person now has.

Will my retirement be liquidated in my Chapter 7 bankruptcy?

The promise of relief from overwhelming debt may be making you eager to file Chapter 7 bankruptcy in Oregon. On the other hand, after years of contributing to your retirement account, you may be worried that liquidation of these funds will leave you destitute or prevent you from retiring at a reasonable age. The U.S. Bankruptcy Court for the District of Oregon explains that there are a number of sources of income that will not be affected when you file.

Negotiating your credit card debt

Making the minimum payments on your credit card debt in Oregon may increase what you owe significantly due to a high interest rate, and you could end up paying for years after a relatively small purchase. If you have more than one card, you could also end up with payments that do not fit within the limits of your budget. The team at The Law Office of Kim Covington has often provided advice to people who are struggling with their credit card payments.

Can a debt collection company garnish my bank account?

While struggling to pay bills in Oregon can be stressful, you may be wondering what could happen to you if you are unable to pay a debt at all. While creditors do have some legal recourse for collecting the money you owe them, there are also federal and state laws that protect your rights.

When your health insurance doesn’t cover your medical bills

It may seem unfair that you can purchase health care insurance in Oregon and still end up with more medical bills than anyone could reasonably be expected to pay. If your disposable income does not begin to cover the debt you acquired through copays and deductibles, you may be worried about the effects on your quality of life. At the Law Office of Kim Covington, our team works with many people who want to restore their financial equilibrium.

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