Chapter 13 bankruptcy may serve as a resource for struggling homeowners who are unable to make their mortgage payments. Avoiding foreclosure is a serious concern for many families which is why they should be familiar with legal resources that may be able to help them...
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...
Chapter 13 bankruptcy: benefits and basics
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...
What happens at a 341(a) meeting?
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...
Who qualifies for a Chapter 13 bankruptcy?
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...
Can you change or modify your bankruptcy?
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...
Hardship discharge might help those in dire situations
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...
How do you file for bankruptcy if you are self-employed?
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...
Can some of my debt be discharged in a Chapter 13 bankruptcy?
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...
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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 19 years.