Many Oregon residents are facing increasingly overwhelming debt. Sometimes, the debt compiles as a result of major medical bills. Other times, it is the result of unemployment or an unforeseen emergency. Regardless of how you accumulate debt, you may be able to find...
What should I know about filing bankruptcy?
Making the decision to file bankruptcy is something you must do with care. It will have an impact on your future, so you want to be sure it is exactly what you need to do. With that in mind, it is a good idea to learn as much as possible about the process before...
How should I limit my spending before filing for Chapter 7?
Your debt burden may feel dire enough that filing for Chapter 7 bankruptcy maybe your best option to clear your debt and make a fresh financial start. But to qualify for bankruptcy, you want to make sure you do not do anything to endanger the approval of your...
Can I get a credit card after Chapter 7?
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,...
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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 22 years.