Debt collectors must follow certain guidelines as written under the Fair Debt Collection Practices Act (FDCPA), which banishes the use of harassing or misrepresentative tactics. While harassment often gets media coverage, it is a different story for misrepresentation....
What are the income requirements of the Chapter 13 repayment plan?
If you wish to file Chapter 13 bankruptcy, you will have to create a repayment plan for your debts. There are several rules you must follow to make a plan the court will approve. Part of the requirements is to include the repayment in full of certain debts, which may...
Can I get a credit card after Chapter 7?
If you are thinking about starting a Chapter 7 bankruptcy, it is likely that credit cards are the last thing on your mind. However, once you get through the process, you are going to want to start to rebuild your credit. It might surprise you to learn that getting a...
What you should know about a reaffirmation agreement
The flexibility of bankruptcy, even Chapter 7 bankruptcy, can help you keep certain assets while discharging burdensome debt. A reaffirmation agreement is one example. You may fear you will lose a car that has an outstanding loan balance. However, if you sign a...
Have credit card debt in your 20s? Bankruptcy might be a good option
When you’re in your 20s, the reality is that you may not have a secure job yet. You may still be in school, and you might be using your credit card to stay afloat when you don’t earn enough to make ends meet. Despite that, you may be reluctant to look for help even...
Getting out of credit card debt doesn’t need to be complicated
Credit cards can often be hard to resist. Sometimes, the credit on these cards feels like your money, and in times when you do not have money in your bank account, these can be used to purchase things like groceries and clothing. Credit cards generally should only be...
How to keep holiday spending from getting out of control
The holidays are all about memories -- and, let’s face it: Gifts. It’s natural to want to shower your loved ones with presents at this time of year, especially when your kids are small. All too easily, however, the spending can get out of control -- especially if...
Will bankruptcy ruin your financial future?
As you become more familiar with the benefits of bankruptcy, such as the ability to save your home from foreclosure and stop wage garnishment, you may realize that it’s just what you’ve been looking for. But before you move forward, you also realize that bankruptcy...
The relationship between debt and health
Debt and health are more linked than you may imagine. Two-thirds of people interviewed in a 2019 study for the American Public Health Association (APHA) gave medical expenses or time off work due to medical issues as one of the reasons they were filing for bankruptcy....
Will you have to file bankruptcy to eliminate your child’s medical bills?
When your child got sick, you made sure they got the medical care that they needed. You knew that the costs would be high, but you never expected how high. Many of the providers who worked on their care and treatment plans weren’t included in your in-network insurance...
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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.