Clients frequently ask about future credit after bankruptcy and especially about if they will ever be able to buy a home. The answer to this question is not always as simple as it should be because it varies by the type of mortgage. This blog addresses special...
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The Bankruptcy Meeting of Creditor Questions
Here is the list of required questions and suggested general questions based on a list that has been prepared by the US Trustee's Office. SECTION 341(a) MEETING OF CREDITORS REQUIRED STATEMENTS/QUESTIONS The following statements and questions are required. The trustee...
What happens at the Meeting of Creditors Hearing?
Attending a Meeting of Creditors can be stressful for many clients. Your attorney will attend with you. The Oregon Bankruptcy Court has produced a video of a mock Chapter 7 meeting that can be viewed by pasting this link into your web browser:...
How the automatic stay works during the bankruptcy process
If you made the choice to file for bankruptcy, it is probably because you feel you are in a place where you can no longer manage your financial obligations on your own. Another reason may be the constant contact from creditors and debt collectors, which can cause you...
Chapter 13 bankruptcy may be right for those with steady income
No one plans to end up in a significantly difficult financial situation. However, a number of unexpected circumstances could contribute to anyone facing money problems. Even if you have a steady income, you may have substantially more debt than you can handle and...
Do you know what happens during the wage garnishment process?
There are many unpleasant consequences that come with having a lot of debt. From phone calls from debt collectors to losing a portion of your income, debt can affect many areas of your life. One of the ways you may experience this is through wage...
Steps to take before filing bankruptcy for medical debt
Whether due to an unexpected diagnosis, emergency room visit, surgery or more, medical bills can quickly become a source of overwhelming financial stress. While many Oregonians may do their best to financially prepare for such medical emergencies, sometimes health...
Do your debt issues have you feeling embarrassed?
For some Oregon residents, having money issues can be a source of embarrassment. They may think that they have somehow fallen short of those who have more money or those who have not landed on hard financial times. However, it is important to remember that financial...
How to manage your medical debt
Medical debt is a burden for many Oregonians. In fact, past due medical bills are a leading cause of bankruptcy.The research on the cost of healthcare is startling. Nearly all patients surveyed reported being more concerned about the bill upfront than the procedure....
Bankruptcy options for the gig economy
If you work as a freelancer, you know the pride of being your own boss. You’re not alone. Freelancers Union reports over 38 percent of all workers, including over 50 percent of millennials, now work freelance jobs either on the side or as a main source of...
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 23 years.