Missing mortgage payments often starts with circumstances beyond your control. When your lender threatens foreclosure, you need an immediate solution. Chapter 13 bankruptcy provides protection for homeowners who have fallen behind on their mortgages. It offers you an...
Photo of Kim Covington
A Personalized, Sensitive
Approach To Bankruptcy
Chapter 13 Bankruptcy
Why Chapter 13 is the best choice for complex financial situations
When you own a home and carry significant medical debt, choosing the right bankruptcy option can feel overwhelming. Fortunately, your financial situation deserves a solution that protects what matters most. Thus, understanding how Chapter 13 works is your first step...
What debts are not eligible for discharge under Chapter 13?
Chapter 13 can help you repay many debts through a structured plan, but it does not erase every obligation. Some debts survive even after you complete all required payments. Understanding these limits helps you plan for life after the case ends. It also reduces...
What happens to car loans in a Chapter 13 bankruptcy?
Oregon considers car-related debts as secure debts. This means that the vehicle itself serves as collateral and lenders have the right to repossess it if you fail to pay the loan. Filing for a Chapter 13 bankruptcy temporarily stops lenders from doing this. Chapter 13...
Can you modify a Chapter 13 payment plan once it’s approved?
Filing for Chapter 13 bankruptcy gives you a structured plan to repay debts over three to five years. But life can change during that time. You might face a job loss, medical bills, or an unexpected expense. If that happens, you may wonder if you can change or shorten...
Beyond Chapter 7: When Chapter 13 bankruptcy is smarter
Many people assume Chapter 7 is the only solution for serious financial distress. However, for individuals with a regular income, Chapter 13 bankruptcy often provides a more powerful and strategic path to financial recovery. It is not a "lesser" option. It is a...
Can self-employed individuals file Chapter 13?
Yes, you can file Chapter 13 bankruptcy if you're self-employed. Running your own business doesn't disqualify you from debt relief. In fact, Chapter 13 can help you restructure personal and business debts while continuing operations. It's designed for people with...
How does Chapter 13 handle car loans?
Filing for Chapter 13 bankruptcy provides a structured approach to managing your car loan while allowing you to retain possession of the vehicle. If you're delinquent on payments or owe more than the car’s current market value, Chapter 13 may offer relief through...
How does Chapter 13 bankruptcy affect credit card debt repayment?
Filing for Chapter 13 bankruptcy in Oregon can help you manage overwhelming credit card debt while keeping your assets. Unlike Chapter 7, which eliminates debt, Chapter 13 restructures it into a repayment plan. This allows you to pay off a portion of your debt over...
What is the ‘cramdown’ provision in Chapter 13?
Chapter 13 bankruptcy allows you to restructure debts into a manageable repayment plan. One powerful tool within this process is the cramdown provision. This provision can help you reduce the amount you owe on certain secured debts, such as car loans and investment...
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.