If you are dealing with serious financial issues, such as unemployment or past due bills, you may be worried that your income could be garnished to pay off your creditors. This is a challenging situation for anyone, but for retired Eugene residents on a fixed income,...
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Asset Forfeiture
Potential damage of a zombie title
The Oregon housing market is currently booming, but some people are still feeling the effects of the recent recession. Many struggling families are currently facing foreclosure. When this occurs, they usually walk away from the property they are no longer able to...
Stopping a house foreclosure
When facing financial difficulties, it is common for people to wonder what kind of protections they may have against impending foreclosures. Foreclosure is a type of asset repossession that applies specifically to homes. At , our attorneys...
Stopping repossession
When debtors take possession of items without having paid for the items in full, they may be in danger of having those things repossessed. According to the Federal Trade Commission, the company’s ability to repossess the items in question largely depends on...
An overview of wage garnishment in Oregon
Wage garnishment is a device that the courts use in Oregon to ensure that a debtor repays a debt within a reasonable amount of time. In order to set up a wage garnishment, a creditor must usually first ask the court to intervene and determine that the debt is...
Social security benefits and garnishment
A person who has fallen behind on debt repayment may be subject to garnishment if a creditor receives a judgment from the court. This money may be taken directly from the debtor’s paycheck, or from his or her bank account. However, for those who receive Social...
Benefits and disadvantages of reaffirming a debt in bankruptcy
When you have decided that Chapter 7 bankruptcy is the best way for you to overcome your current financial challenges, there may be some personal property, such as a vehicle, that you would like to keep. We at the Law Office of understand...
What assets must be forfeited in Oregon Chapter 7 bankruptcies?
If you are like others in Eugene who are struggling with debt, then you may have considered filing for Chapter 7 bankruptcy. While this option can help you regain control of your finances, it may require you to forfeit certain assets. These assets, known as non-exempt...
Money stress can cause physical and emotional problems
It is not a surprise that money problems are stressful. Most people understand that stress can cause health problems. However, some Eugene residents may not understand the scope of the damage that can be caused by the extreme stress that comes from unemployment,...
What are the property exemptions for bankruptcy?
Whether someone is filing for Chapter 13 bankruptcy or Chapter 7 bankruptcy, they may have the same concerns regarding property. Many people question what property they will be allowed to keep and what they may have to forfeit. This is where property exemptions come...
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The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.