If you are thinking about starting a Chapter 7 bankruptcy, it is likely that credit cards are the last thing on your mind. However, once you get through the process, you are going to want to start to rebuild your credit. It might surprise you to learn that getting a...
What you should know about a reaffirmation agreement
The flexibility of bankruptcy, even Chapter 7 bankruptcy, can help you keep certain assets while discharging burdensome debt. A reaffirmation agreement is one example. You may fear you will lose a car that has an outstanding loan balance. However, if you sign a...
Breaking down the Chapter 7 means test
The decision to seek personal bankruptcy protection is no doubt one that people in Oregon anguish over. Yet after committing to this course of action, an equally important decision awaits: what chapter to file under? Statistics show that one particular form of...
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...
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...
Understanding bankruptcy in Oregon
Consumer, medical, credit card and other debt can get away from you and become insurmountable. Bankruptcy is one way to provide a fresh financial start. But filing for bankruptcy may have consequences and should be carefully examined. Chapter 7 bankruptcy Chapter 7,...
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...
Buying a home after bankruptcy
If you have recently filed Chapter 7 bankruptcy, you may feel as if renting a home in Oregon is your only option for the foreseeable future, even though eliminating your debt has put you in good financial shape again. However, you do not necessarily need to wait until...
Stress: The link between debt and poor health
Regardless of the amount of income, debt can be a major problem for those who live in Oregon. The increasingly higher costs of housing and difficulties paying off medical bills and credit card debt are overwhelming for many people. According to the American...
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.