According to Quartz.com, more than six million Americans are currently delinquent on their car loans, which is a new record-high since the 2008 recession. Banks are more willing to take on risk since the economy has recovered, but many more Americans are also at risk...
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Bankruptcy
How hard is it to get approved for bankruptcy?
If you are experiencing financial troubles, bankruptcy might be one of the options you are considering to help you recover. You might have heard that personal bankruptcy is becoming more common. You might also have been told that it is difficult to be approved for a...
The potential consequences of ignoring bills
If you are constantly receiving overdue notices in the mail or getting repeated phone calls about late bills, it can be quite tempting to just ignore the problem. At , we understand that dealing with financial problems is stressful for you...
Uncovering the myths of bankruptcy
Despite the best efforts of Oregon bankruptcy attorneys and lawmakers, many myths continue to circulate about bankruptcy and the effect it can have on a person’s life. While many myths can be harmless, those regarding bankruptcy can be extremely damaging to...
Requirements for filing bankruptcy in Oregon
Just like in other states, Oregon lawmakers have set up specific requirements that must apply to filers before they can be granted any relief by the courts. These rules and procedures are in place to ensure that fraud remains low and that the courts are not...
Are financial classes required for bankruptcy?
In Oregon, if you file for either chapter 13 or chapter 7 bankruptcy, you are required to first undergo credit counseling with an approved provider, after which you must take a debtor education course. The classes have individual purposes, both of which are aimed at...
What you should know about the meeting of creditors
The Oregon State Bar states that after filing for Chapter 13 bankruptcy, debtors must attend a meeting of creditors to give testimony regarding their debts. This meeting, which is also known as a 341 meeting, is compulsory, and if the debtor fails to attend, the Court...
Student loan discharge in an Oregon bankruptcy is rare
Most people in Oregon may believe that student loan debt is not dischargeable in a bankruptcy. However, the U.S. Department of Education does provide an option for student loan debt relief in some extremely rare cases. These involve situations where the repayment of...
Addressing the social stigma attached to bankruptcy
For people who are considering filing for personal bankruptcy or who have already filed, it can be an embarrassing and painful topic to discuss. This is especially true if the person who filed for bankruptcy does not want his or her employer or other individuals to...
The easy fix of payday loans can cause difficult problems
People who suffer from financial challenges may be tempted to pay their bills through the quick fix of a payday loan. This type of loan can look particularly attractive to people after a personal bankruptcy, when it can be difficult for a while to get approved for...
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.



