On behalf of The Law Office of Kim Covington | Jul 10, 2020 | Chapter 7, Chapter 7 Bankruptcy
Many young families that are facing financial hardship worry about their future. They might know that bankruptcy is an option that’s available to them, but they often fear that pursuing bankruptcy will leave them with nothing. As a result, these families tend to...
On behalf of The Law Office of Kim Covington | Jun 26, 2020 | Chapter 7, Chapter 7 Bankruptcy
The automatic stay can provide important relief for filers of bankruptcy that is ongoing during the bankruptcy process. It is essential for struggling consumers to understand how personal bankruptcy protections can help them enjoy debt relief overall and provide...
On behalf of The Law Office of Kim Covington | Apr 13, 2020 | Chapter 7 Bankruptcy
Oregon residents can find themselves facing seemingly insurmountable debt for a wide variety of reasons, including medical debt and credit card debt, among others. When this happens, most people do their best to make a budget and pay back the debt as they are supposed...
On behalf of The Law Office of Kim Covington | Mar 3, 2020 | Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a legal resource that can help struggling consumers enjoy debt relief. Chapter 7 bankruptcy is a liquidation bankruptcy option that allows struggling consumers to liquidate non-exempt assets to repay creditors and enjoy a fresh financial start....
On behalf of The Law Office of Kim Covington | Feb 25, 2020 | Chapter 7 Bankruptcy
Contrary to popular belief, filing bankruptcy does not mean that a person will never have decent, or even good credit again. As a matter of fact, if handled properly, one may even end up with the highest credit score they have ever had in the following years. Though a...
On behalf of The Law Office of Kim Covington | Feb 13, 2020 | Chapter 7 Bankruptcy
Oregon residents are so used to people contacting them through instant messages that they are no longer used to and in fact, dread it, when their telephone begins to ring. However, when it a debt collector calling to harass someone about their debt, the dread can be...
On behalf of The Law Office of Kim Covington | Jan 23, 2020 | Chapter 7, Chapter 7 Bankruptcy
In order to live the lifestyle that people want to live in Oregon, they need money. People need money to pay rent or mortgages, to pay utilities, food, gas, health insurance and medical expenses, entertainment and many of things in life. However, these things continue...
On behalf of The Law Office of Kim Covington | Oct 17, 2019 | Chapter 7 Bankruptcy
Oregon residents who are in debt may wonder when is the right time for them to file for bankruptcy. They might have $20,000 or $30,000 in credit card debt or a car loan for a few thousand dollars.First, the individual may want to consider their income and asset level....
On behalf of The Law Office of Kim Covington | Oct 1, 2019 | Chapter 7 Bankruptcy
Any number of personal setbacks could cause student loan borrowers in Oregon to fall behind on their payments. Although people largely believe that student loans cannot be discharged by a bankruptcy action, cases of undue hardship might convince a judge to provide a...
On behalf of The Law Office of Kim Covington | Jun 24, 2019 | Chapter 7 Bankruptcy
Some Oregon consumers who file for bankruptcy may be carrying significant student loan debt. The company LendEDU found that nearly one-third of people who filed for Chapter 7 bankruptcy had student loan debt, and on average, almost half of their total debt was student...
