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Posts tagged "Chapter 7 bankruptcy"

Bankruptcy: Sources of debt that can be difficult to identify

When it comes to taking steps to cut down on debt, one of the first steps to take is to identify the cause of one's financial strain. While many individuals in Oregon may struggle under the weight of credit card balances or medical bills, for some, finding the root of the problem might not be so simple. Even when financial concerns come from sources that appear more subtle in nature, the hardships may follow could still leave some in need of the relief provided through bankruptcy.

Bankruptcy: Considering all the available options for debt relief

When individuals in Oregon encounter a situation where they are struggling just to get by, they may begin exploring the available outlets for financial relief. Prior to considering bankruptcy, many may wish to know more about all their options so they can make informed decisions about their financial futures. While each outlet may prove helpful in certain scenarios, those who are experiencing significant monetary concerns may find bankruptcy to be the most effective means of pursuing the relief needed.

Bankruptcy: Falling behind on a payday loan can be devastating

In times of financial strain, many individuals in Oregon and elsewhere may find themselves scouring over the available options for aid. In some cases, this may lead some to consider taking out a payday loan. While this type of loan may provide immediate assistance, falling behind on payments could prove disastrous. Those who struggle under the weight of similar obligations might benefit from consulting with a bankruptcy attorney for guidance in protecting their financial futures.

Some assets may remain exempt throughout bankruptcy proceedings

For individuals in Oregon who are facing substantial financial hardships, choosing the best path for debt relief can seem an intimidating task. While some may wish to explore the benefits of pursuing relief through bankruptcy, the possibility of having to relinquish possession of certain assets could be a cause for concern. However, this might not always be the case, as many of a person's assets could be protected throughout the process.

Bankruptcy: Avoiding scams and seeking protection from creditors

Many consumers in Oregon and across the nation have experienced the challenges of dealing with a debt collector. Once accounts fall behind, frequent phone calls and letters from creditors may only add to the stress of one's situation. When dealing with constant collection attempts, one may find it helpful to speak with a bankruptcy attorney for advice on how to protect personal rights and how to safeguard against collection scams.

Bankruptcy: Some still in need of relief from debts

Making progress in paying down debts is a goal for many consumers in Oregon and elsewhere. Studies suggest that increases to job availability and recent economical progress have helped many address their concerns and achieve financial stability. However, as consumer purchasing is continually on the rise, debts continue to be a concern for many, and similar concerns could prompt a need to pursue relief through bankruptcy.

Bankruptcy: Debt is a major concern for many millennials

Dealing with debt can be intimidating, and the impact that monetary struggles can have on a person's credit score can be substantial. For millennials, financial issues could pose a threat to their futures, and many may be uncertain how to overcome such challenges. Individuals in Oregon that encounter similar concerns could consider speaking with a bankruptcy attorney for advice on how to form a strategy to handle debts and work toward building a positive credit score.

Handling past-due accounts prior to filing for bankruptcy

There are a variety of scenarios in which individuals in Oregon may find themselves struggling to keep up with monetary obligations. Those who go through extended periods of financial strain may wish to pursue relief from debts, but deciding on a path can be an intimidating experience. Individuals who wish to pursue relief through bankruptcy may still have concerns about how best to navigate the process, and they might be uncertain where to turn for advice.

Bankruptcy: Hesitation could only make matters worse

Many individuals in Oregon and elsewhere have reached a point in life where it is necessary to pursue relief from the burdens of debt. Deciding on a path for relief can be an intimidating process, and the possible impact a bankruptcy could have on a person's credit may seem undesirable at first glance. However, when it comes to pursuing relief, time may be of the essence, and prolonged periods of hesitation could only cause a person's financial situation to continue to deteriorate.

Bankruptcy: Debt a growing concern for retired individuals

Carrying substantial amounts of debt can be a burden for many individuals in Oregon and elsewhere, regardless of age. However, those who are saddled with debt upon entering retirement may face additional challenges that often come with living on a fixed income. Since monetary struggles could have a devastating impact on the life of a retiree, those experiencing such troubles could find it helpful to speak with a bankruptcy attorney for advice on how to pursue some much-needed relief.

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The Law Office of Kim Covington

The Law Office of Kim Covington
1445 Willamette Street, Suite 9
Eugene, OR 97401

Toll Free: 800-673-1891
Phone: 541-393-2790
Fax: 541-344-6466
Eugene Law Office Map

Phone: 541-393-2790
Toll Free: 800-673-1891
Fax: 541-344-6466