On behalf of The Law Office of Kim Covington | May 25, 2017 | Chapter 13
A person in Oregon who has fallen behind on payments or is struggling to meet all financial obligations may find a solution through a Chapter 13 bankruptcy. According to the Cornell University Law School’s Legal Information Institute, this type of bankruptcy...
On behalf of The Law Office of Kim Covington | Apr 27, 2017 | Chapter 13
Making the decision to file for Chapter 13 bankruptcy in Oregon can relieve a lot of the financial strain that you may have been facing due to overwhelming debt. Once begun, there are many steps in the process, including a 341(a) meeting. You can expect this to take...
On behalf of The Law Office of Kim Covington | Mar 1, 2017 | Chapter 13
When you are not interested in liquidating your assets, but your income does not cover your expenses, it may make sense for you to look at your legal options to get you out from under the financial strain. According to the Oregon State Bar, you may be eligible to file...
On behalf of The Law Office of Kim Covington | Feb 10, 2017 | Chapter 13
We have pointed out numerous times in this blog the factors that are used in determining eligibility for a Chapter 13 bankruptcy. To recap, Chapter 13 is known as the “repayment bankruptcy,” which may allow you to protect certain assets while repaying most...
On behalf of The Law Office of Kim Covington | Oct 28, 2016 | Chapter 13
As discussed in previous posts, Chapter 13 bankruptcy may give you and other Eugene residents a chance to pay back most or all of your debt in a way that is manageable. The three- to five-year repayment plan that is approved by the bankruptcy court is designed to be...
On behalf of The Law Office of Kim Covington | Oct 21, 2016 | Chapter 13
If you are your own boss, you already know that keeping track of your income and expenses is much different – and often more challenging – than when you work for an employer in Eugene. You may find yourself facing financial struggles and trying to decide...
On behalf of The Law Office of Kim Covington | Sep 2, 2016 | Chapter 13
If you have read through some of the previous posts in this blog, you will likely have a basic understanding of the two main types of personal bankruptcy. Chapter 7 allows for a complete discharge of most debts, although you might lose some assets. Chapter 13 allows...
On behalf of The Law Office of Kim Covington | Aug 19, 2016 | Chapter 13
Throughout the posts in this blog, we have discussed the differences between Chapter 7 and Chapter 13 bankruptcy, as they apply to people in Eugene and elsewhere. These types of bankruptcy are known as personal bankruptcies, which are filed by people for their own...
On behalf of The Law Office of Kim Covington | Jul 8, 2016 | Chapter 13
Lane County residents who are experiencing financial difficulties may find relief by filing for Chapter 7 or Chapter 13 bankruptcy. Company owners can also take advantage of the protections and benefits that bankruptcy provides if they are going through a difficult...
On behalf of The Law Office of Kim Covington | Jun 1, 2016 | Chapter 13
When struggling with debt in Oregon, many people shy away from seeking bankruptcy protection in fear that it will cost them their property, including their homes. However, filing for Chapter 13 itself does not put your home in jeopardy. In fact, it might help you to...
