Your efforts to improve your financial health over the last few years proved fruitless. You thought about filing for bankruptcy, but feel uncertain about whether the move makes sense. To help, read these bankruptcy myths from the American Bankruptcy Institute. After...
Fewer Americans filing for bankruptcy
If you are facing financial hardships as a result of unemployment, you are not alone. Across the U.S., many people are struggling with the loss of their job and their primary source of income. However, data shows that even though many Americans are facing financial...
Why you might not want to put off bankruptcy until the new year
This year has been one for the record books. If you racked up medical debt this year or got furloughed from a job, you may be struggling to cover your bills and expenses. One way out of the morass of debt is to file for Chapter 7 bankruptcy. But a lot of people...
What is a Chapter 7 reaffirmation agreement?
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 work...
How does the automatic stay work during the bankruptcy process?
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...
Chapter 7 bankruptcy can be a path toward a fresh financial start
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...
What is exempt property in a 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....
Steps to rebuild credit after 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...
Do you know your rights as a debtor?
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...
Basic qualifications for 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...
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 19 years.