When you accrue so much debt in Oregon that you have no realistic way of paying back what you owe, you may start looking into bankruptcy and considering whether it might help improve your situation. Consumer bankruptcies come in two types: Chapter 7 and Chapter 13...
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What are some options for paying off medical debt?
Medical debt is often something you do not expect. It can add up fast, too. Once you start receiving bills, it can become overwhelming, even if you have health insurance. Drowning in medical debt is not an ideal situation you want to find yourself in. Luckily, there...
Caring for a loved one may result in unmanageable debts
Individuals may feel overwhelmed while acting as a full-time caregiver for a spouse, child or aging relative. When a serious illness requires round-the-clock care, some caretakers quit their jobs or reduce their hours. An individual may also sell off his or her assets...
Avoid using credit card to pay medical bills
It’s simply not a good idea to use your credit card to pay for medical costs, especially now that a more consumer-friendly law was implemented nationwide last fall. Many Americans are smothered in credit card debt and others face mounting medical debt due to a...
Recognize that you have a credit card addiction
Addictions can run the gamut from watching too much television, eating an excessive amount of junk food or being attracted to dangerous activities. You may not have considered credit card addiction in that latter category, but it really is. Credit card addition can be...
How debt can affect young families
Raising a family can be difficult, especially in the early years. Your career is not yet mature, your children are not old enough to care for themselves and your bills pile up quickly. Debt can put major strain on a young family’s finances. But it can also...
What kind of property can I keep, and what will I lose?
After filing for Chapter 7 bankruptcy, you may be worried about having to turn over your possessions to a bankruptcy estate. Not all bankruptcy cases require property turnover. In fact, many Chapter 7 filers will not have to relinquish any possessions at all.Even in...
Help! My wages are being garnished
We’ve all been there. You have had a rough patch where your income wasn’t as high as you’d like—and of course, your bills were higher than you’d like. But, now you have a better paying job and you’re getting back on your feet. That...
Your financial stress could be affecting your health
If you think nobody cares if you’re alive, try missing a couple of car payments. That is one true statement. Maybe it’s medical expenses, a divorce, you’ve lost your job or your business has failed, or your mortgage payments are too high—any of...
How To Build Credit After Chapter 7 Bankruptcy
Some people needlessly delay declaring bankruptcy because of their worry about what it will do to their credit. In fact, one of the major concerns after declaring bankruptcy is how to rebuild credit. You may feel overwhelmed and powerless when you contemplate your...
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.