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...
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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...
4 tips for avoiding unmanageable credit card debt
Credit card debt is a modern crisis, with the nation's exceeding $1 trillion, according to Bankrate. The convenience, the disconnect between the mind and the piece of plastic in your hand and the ability to spend money you do not have make it easy to rack up debt....
What are the consequences of filing for bankruptcy in your 20s?
Making serious financial decisions in your 20s can significantly impact your future. Some decisions can lead to debt, and then you might have to make decisions regarding how to recover. For some, bankruptcy can absolutely be a viable solution to overwhelming debt....
How filing for bankruptcy can affect your interest rates
Facing financial difficulties is certainly a daunting experience. However, filing for bankruptcy can be a valid step toward a fresh start for those struggling to overcome debt. While filing for bankruptcy provides a way to address debts and financial obligations, it...
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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.