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August 2018 Archives

Why Use A Bankruptcy Attorney?

Many people put off filing bankruptcy as long as possible for understandable reasons. By the time they do file bankruptcy, however, money has become so tight they begin to think they can save a dollar or two by using a non-attorney bankruptcy filing service.

Crucial facts to know about bankruptcy

The number of personal bankruptcy filings declined by 1.8 percent in 2017. However, financial professionals say that Oregon residents and others who want to file for bankruptcy should spend time thinking through the entire process. This means considering what happens before and during a bankruptcy as well as what happens after a case concludes. For example, debtors must go through credit counseling prior to asking for bankruptcy protection.

Credit card debt again on the rise

Many people in Oregon are struggling with excessive credit card debt. The financial shock to the economy in 2008 did not make long-term changes to how people handle their finances, especially once people went back to work if unemployed and started to bring in larger paychecks. While household debt across the country declined between 2008 and 2013, it has gone up significantly since then to reach an all-time high of $13.2 trillion in the first quarter of 2018. With low interest rates, people are, on average, better able to manage debt, but unexpected changes can be devastating to a person's ability to manage their finances.

Secured credit card vs. unsecured

When you are trying to rebuild credit, a common suggestion is to open a new credit card that you can absolutely make payments on. One of the fastest ways to rebuild credit is to make sure it is revolving: keeping the balances low each month and paying them off.

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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