Many Oregon residents are facing increasingly overwhelming debt. Sometimes, the debt compiles as a result of major medical bills. Other times, it is the result of unemployment or an unforeseen emergency. Regardless of how you accumulate debt, you may be able to find...
Tips for rebuilding credit after bankruptcy
One of the most common reasons that people cite for not wanting to file bankruptcy is simply that they believe it will ruin their credit. They are wary of doing anything that will make it harder to get a loan in the future. It is true that bankruptcy can lower your...
What should I know about filing bankruptcy?
Making the decision to file bankruptcy is something you must do with care. It will have an impact on your future, so you want to be sure it is exactly what you need to do. With that in mind, it is a good idea to learn as much as possible about the process before...
What are the pros and cons of Chapter 13 bankruptcy?
Even with regular income, you may struggle with debt. To regain control of your finances, you may consider options such as filing for Chapter 13 bankruptcy. Before declaring Chapter 13 bankruptcy, you may benefit from understanding some of the upsides and...
How should I limit my spending before filing for Chapter 7?
Your debt burden may feel dire enough that filing for Chapter 7 bankruptcy maybe your best option to clear your debt and make a fresh financial start. But to qualify for bankruptcy, you want to make sure you do not do anything to endanger the approval of your...
What is debt collector misrepresentation?
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...
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 22 years.