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...
On behalf of (The Law Office of Kim Covington | May 14, 2019 | Chapter 7 Bankruptcy
People in Oregon who are struggling with student debt might have the opportunity to discharge that debt in bankruptcy if a bill introduced in Congress is successful. The Student Borrower Bankruptcy Relief Act of 2019 has the support of one Independent, one Republican...
On behalf of (The Law Office of Kim Covington | Jan 22, 2019 | Chapter 7 Bankruptcy
For many people in Oregon struggling with insurmountable debt, student loans may comprise a significant portion of the overall burden. Across the country, over 44 million people collectively owe $1.5 trillion in student loan debt, forming the second-highest category...
On behalf of (The Law Office of Kim Covington | Nov 14, 2018 | Chapter 7 Bankruptcy
Many consumers who are struggling with debt in Oregon believe that filing for bankruptcy would make their problems even worse. This is not necessarily true for those with a lot of unsecured debt since many people who file for bankruptcy find that their credit scores...
On behalf of (The Law Office of Kim Covington | Aug 20, 2018 | Chapter 7 Bankruptcy
The number of personal bankruptcy filings declined by 1.8 percent in 2017. However, financial professionals say that Oregon residents and others who want to file for bankruptcy should spend time thinking through the entire process. This means considering what happens...
