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November 2019 Archives

Medical bills cause bankruptcy rise among older adults

People in Oregon who are 55 and older may be more likely to file for bankruptcy than they would have been 30 years ago. Between 1991 and 2016, the percentage of people in the 55 to 64 age group who declared bankruptcy went up 66%. For those 65 to 74, it has increased more than 200%. In 1992, only around 2% of people who filed for bankruptcy were 65 and older. That has risen to 12%.

How the automatic stay works during the bankruptcy process

If you made the choice to file for bankruptcy, it is probably because you feel you are in a place where you can no longer manage your financial obligations on your own. Another reason may be the constant contact from creditors and debt collectors, which can cause you additional stress as you try and find a way out. You may believe that filing for either Chapter 7 or Chapter 13 could provide you with the opportunity to secure a better future. 

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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
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P: 541-393-2790

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