There are a lot of myths about bankruptcy, with the most prevalent likely being the fact that people who declare bankruptcy have made financial mistakes and put themselves in this position. It is often assumed that they racked up too much debt on their credit cards...
Bankruptcy
There is no shame in turning to bankruptcy for help
There is no shame in bankruptcy. If you are dealing with frustrating debt that you don't seem to be able to overcome, bankruptcy could be very helpful for you. Many people don't turn to bankruptcy because they believe it is morally wrong. They mistakenly believe that...
Preparing for bankruptcy: What you need to do
The few weeks or days before filing for bankruptcy are very important. Certain actions within that time can derail the entire bankruptcy process. Therefore, you need to prepare yourself beforehand, both mentally and financially. Here is what you need to do if you are...
Avoid doing these things when filing for bankruptcy in Oregon
If you are reading this, you are not a legal or financial professional. You are probably a young working parent with a spouse and kids to support. You likely also struggle to meet your monthly financial obligations or overcome crippling debt. You may have realized...
Is bankruptcy in your future?
It seems like financial troubles can strike anyone at any time, no matter your age, job, or location. For some, digging in, working harder, and focusing on debt reduction can help you overcome these troubles. Unfortunately, this isn’t the case for everyone. In many...
Surprise medical bills are a thing of the past
The last thing you want to think about when you have a medical emergency is a huge bill. In the United States, medical emergencies tend to come with a mountain of debt for out-of-network services. Fortunately, that is changing. On January 1, 2022, our current...
Buying a car after a converted bankruptcy filing
When you filed for Chapter 13 bankruptcy protection, your fully intended to uphold the repayment schedule laid out by the trustee. But you’ve had a few lean years and had to convert your Chapter 13 into a Chapter 7 bankruptcy filing. Now, more bad luck struck. You...
How bankruptcy immediately helps your finances once you file
Some people plan for bankruptcy for months before they finally take the final step of filing paperwork. Others file as soon as they think of bankruptcy as a solution because they need immediate help. Bankruptcy is not only a long-term solution to overwhelming debt. It...
How long will a bankruptcy discharge be on your credit report?
When you can no longer pay all of your bills every month, your credit report will show those struggles. Your score will start to drop, and any credit offers you receive will likely contain less favorable terms. Late payments, credit cards with balances over the limit...
Is bankruptcy complicated?
Understanding bankruptcy requires a mix of financial and legal knowledge. Yet it is easy to overcomplicate things and get lost in strange-sounding terms. The Merriam-Webster dictionary gives a kid’s definition of bankruptcy that everyone can understand: “The state of...
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.