Bankruptcy allows those with unsustainable financial circumstances to address outstanding debts and limit aggressive collection activity. Despite the prevalence of bankruptcy on a social level, misinformation about bankruptcy is incredibly common. Many people believe...
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Bankruptcy
The power of hope: Why bankruptcy can give you a fresh start
People often file for bankruptcy when they are in the depths of despair. Their financial circumstances are clearly unsustainable, and they may be on the cusp of litigation that could cause long-term economic harm. Personal bankruptcy can prevent a lawsuit from going...
How filing for bankruptcy can give you your life back
Filing for bankruptcy can feel overwhelming, but it can also offer a fresh start. When you face overwhelming debt, bankruptcy provides a path to regain control of your finances and your life. There are some ways bankruptcy can help you move forward and it is helpful...
Will bankruptcy affect your ability to care for your children?
Filing for bankruptcy can be a stressful experience, especially for parents concerned about how it may impact their ability to care for their children. Chapter 7 bankruptcy is one of the most common types of bankruptcy, and while it can provide relief from debt, many...
3 reasons to avoid “buy now, pay later” companies
"Buy now, pay later" companies are on the rise. These companies offer a tempting way to purchase items without paying the total price upfront. However, if not used carefully, they often lead to financial trouble. These companies make it easy to buy more than you can...
What are the implications of bankruptcy on my loan co-signers?
Filing for bankruptcy can be a complex and emotional decision. It is even more complicated when someone has co-signed a loan with you. If you have loans with co-signers, it’s important to know how your bankruptcy will impact them. Understanding co-signer...
The number of people filing a bankruptcy rose sharply in 2023
Various social factors influence bankruptcy filings. For example, an overall economic downturn is likely to increase bankruptcy filings. People who lose their jobs may find themselves suddenly struggling to fulfill their basic financial obligations. Higher interest...
Signs it is time to file for bankruptcy in Oregon
Filing for bankruptcy is a significant decision. It can offer relief and a fresh start, but knowing when to take this step is crucial. It may be helpful to consider some signs that it might be time to consider bankruptcy in Oregon. Constantly using credit cards for...
Effective strategies for dealing with creditors
Facing financial difficulties can be overwhelming. It is important to understand the situation and take steps to manage it. Creditors are the people or organizations to whom money is owed. Knowing how to deal with creditors and considering bankruptcy can help regain...
Why traditional advice may not keep Gen Z from bankruptcy
Generation Z, born between the mid-1990s and early 2010s, has come of age during unique financial times. Despite their efforts to follow the advice of financial gurus who emphasize living debt-free, saving aggressively and avoiding credit cards, many Gen Z individuals...
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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.