Have you been dealing with a lot of financial stress lately? Maybe you’re thinking about bankruptcy because you’ve been trying to pay off all of your debt, you just haven’t been successful and you’re not sure that there is a solution that’s going to work. This has...
Bankruptcy
Can you pay back a family debt before you file bankruptcy?
You never expected to be in this financial situation, but bankruptcy is definitely looking like it is a possibility in the near future. You’re not happy about defaulting on any of your debt – but not all debts are built alike. The ones that really bother you are the...
What is an emergency bankruptcy filing?
Many people spend weeks, if not months, contemplating bankruptcy before they finally file. They tell themselves that if they can adjust their budget or secure a raise in the interim, they won't need bankruptcy protection. Other people don't have the benefit of...
4 questions about bankruptcy
Bankruptcy is the process of relieving unpaid debt when it becomes too much to handle. There are several types of bankruptcy, but most people file for either a Chapter 7 or Chapter 13 bankruptcy. Despite the benefits of filing for bankruptcy, many people don’t file...
How bankruptcy can help those facing vehicle repossession
Cars are very expensive but necessary tools. Even a used car will easily cost you more than $10,000, and a newer vehicle will cost many times that price. Unless you saved up for years before making a purchase or get money from your family members, you may not be able...
Why shouldn’t you feel guilty about filing for bankruptcy?
If you reach a stage where you can no longer afford to pay your debts, you may feel guilt. After all, when you took out the loan or card, you signed to say that you would pay it back according to the agreed terms. If you are a man or woman of your word, breaching that...
Dealing with mounting debt after a job loss
Facing mounting debt after a job loss can feel like an impossible situation. How are you supposed to make payments when no money is coming in? Should you declare bankruptcy? Here are some of the pros and cons of bankruptcy so you can make the best decision for your...
Tips to deal with emotions during bankruptcy
Many people who are considering bankruptcy are solely focused on how much financial relief it will provide for them. They may not realize that they’re going to have to deal with some emotions during the process. Whether you file a Chapter 7 or a Chapter 13 bankruptcy,...
Bankruptcy is an effective method to end wage garnishment
Wage garnishment happens when you owe on a debt and the creditor gets a legal order saying that your employer has to set aside part of your wages to pay that debt. From the time that this is ordered, you have no more control over the money. It is simply deducted from...
Creating an efficient budgeting plan
Millions of Americans are currently feeling the pinch financially. Sometimes, debt is unavoidable. However, there are some methods to help avoid overspending. Creating an efficient budget is one technique that can relieve some of the financial strain. Outlined below...
Learn More About Your Fresh Financial Start
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 23 years.