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....
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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...
What people need to know about wage garnishment in Oregon
When an individual falls behind on their financial obligations, their creditors have numerous different options. Collection activity often begins with written notices and phone calls. However, it may soon escalate to more serious efforts, including lawsuits against...
Strategies for rebuilding your credit after bankruptcy
Facing bankruptcy can be a challenging and overwhelming experience, but it is not the end of your financial journey. Rebuilding your credit after bankruptcy requires dedication, discipline and a strategic approach. Learn about your credit report In 2023, 433,658...
Why you shouldn’t feel guilty about filing for bankruptcy
For years, bankruptcy carried a significant stigma. It still does in many sectors of society. Yet, if you are in a position where you cannot meet your payments, feeling guilty won’t help. What’s more, it could do you a lot of harm. People often underestimate the...
Preparing to file for personal bankruptcy
According to Statista, 922 Oregon residents filed for bankruptcy in 2021. Filing for personal bankruptcy is a significant decision that requires careful preparation and understanding. It is a legal process that allows you to address unmanageable debts, but it involves...
How does bankruptcy affect your income taxes?
Filing for bankruptcy can often provide relief from overwhelming debt. However, depending on your circumstances, it may impact your tax liability and refund check. Knowing what to expect come tax time can help you be better prepared. Not filing is not an option You...
What happens if you have a deficiency balance on a repossession?
Finances are tough for a lot of people these days, and life can take sudden turns that can leave you without the ability to pay your bills, including your car loan. If you've recently had your vehicle repossessed, it’s hard not to feel like the worst has already...
Paycheck-to-paycheck living may lead to bankruptcy
Living paycheck to paycheck is a financial reality for many people. According to PYMNTS, a company that monitors digital payment method trends and other financial matters, 63 percent of U.S. consumers lived this way in November 2022. While it's a situation many find...
How do you pay for bankruptcy?
Inflation, job losses and high rents have left a lot of people feeling the pinch on their wallets – and bankruptcies are once again becoming commonplace. According to the Administrative Office of the U.S. Courts, total consumer bankruptcy filings were up more than...
Learn More About Your Fresh Financial Start
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.