People often file for personal bankruptcy because they are desperately in need of a reprieve from aggressive collection activity. They may dread answering the phone or worry that every knock at the door is a process server. They could also already face a pending...
Chapter 13 Bankruptcy
Can you file bankruptcy if you have an income?
Many people who have no income but a lot of debt will decide to use bankruptcy to get rid of their debt. This is known as Chapter 7 bankruptcy, and it simply liquidates non-exempt assets. But say that you still have a fairly good income, but it's just not enough for...
What situations may require me to change my bankruptcy plan?
You probably hope that filing for Chapter 13 bankruptcy is the first step on your journey to fiscal solvency. Like any journey, there are bound to have turns along the way, and your repayment plan will probably not be an exception. Even after you have come up with...
How do Chapter 7 and Chapter 13 bankruptcies differ?
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...
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...
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....
Planning your future after Chapter 13 bankruptcy: Home ownership
In a Chapter 13 bankruptcy, your goal is to pay off what you owe over time on a court-approved payment schedule. The nice thing about Chapter 13 bankruptcy is that it does allow you to settle for less than you owe in most cases, and you have an end-date in sight for...
What can you lose in bankruptcy?
After a recent health scare, you now have an unexpected medical debt to add to your student loan debt, both of which push your finances to the brink. If you file for bankruptcy, what do you stand to lose? Bankrate explores what creditors may take to offset your debt....
Chapter 13 and preventing foreclosure
If you are currently facing foreclosure or you worry that you will find yourself in this position down the road, it is vital to take a careful look at your situation and understand strategies to prevent losing your home to foreclosure. From filing a court motion to...
Is debt relief better than Chapter 13?
When you have financial problems, you do have options for what to do to fix them. The two main options are to file for bankruptcy or seek debt relief. The Federal Trade Commission explains that both options may be helpful for you if you struggle with debt. However,...
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.