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....
A Personalized, Sensitive
Approach To Bankruptcy
Chapter 13 Bankruptcy
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,...
Chapter 13 bankruptcy: Debt limits and eligibility to file
When Oregon residents can no longer keep up with their debts and the harassing phone calls trying to collect never seem to stop, bankruptcy may be a worthwhile alternative. Knowing which chapter suits the individual’s needs can be confusing. This, combined with the...
Should I file for bankruptcy under Chapter 7 or Chapter 13?
Deciding to file for bankruptcy is a difficult decision that requires a great deal of planning and consideration. Before making that decision, however, you should be aware of your options when it comes to filing for bankruptcy. Most bankruptcies are filed under...
Debts that may be discharged through Chapter 13 bankruptcy
There are many reasons that people in Oregon take out loans, use credit cards and take on other forms of debt. Some of these are necessary to continue to meet people’s needs, others take them out in order to buy homes, cars and other larger purchases. As long as...
Stopping wage garnishment through Chapter 13
It's hard enough to dig yourself out of debt when you are receiving a full paycheck. When your wages are being garnished, it can feel impossible to return to get out of the red. If you have a judgment against you, Oregon law allows a creditor to issue an order to...
Medical bills cause bankruptcy rise among older adults
People in Oregon who are 55 and older may be more likely to file for bankruptcy than they would have been 30 years ago. Between 1991 and 2016, the percentage of people in the 55 to 64 age group who declared bankruptcy went up 66%. For those 65 to 74, it has increased...
Chapter 13 bankruptcy may be right for those with steady income
No one plans to end up in a significantly difficult financial situation. However, a number of unexpected circumstances could contribute to anyone facing money problems. Even if you have a steady income, you may have substantially more debt than you can handle and...
The basics of bankruptcy
Oregon residents who find themselves overwhelmed with debt can seek relief by filing for Chapter 7 or a Chapter 13 bankruptcy. A Chapter 7 bankruptcy wipes out most debts and offers the chance of a fresh start. Those who file for Chapter 13 bankruptcy pay down some or...
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.