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Posts tagged "fresh financial start"

State House candidate moves on after Chapter 7

Many residents in Oregon suffered greatly in the recent housing downturn and economic recession. The break in the housing boom, unemployment and other factors led many people in the state to seek help for their financial challenges. Some people were able to find the debt relief they needed through consolidation plans and others opted to take advantage of the protection provided under either a Chapter 13 or a Chapter 7 bankruptcy.

Bankruptcy rate expected to drop for fourth straight year

No matter what the economic landscape seems to be, Oregon residents are still vulnerable to financial challenges. The ability to get a fresh financial start can be life changing for people who cannot afford to pay debts that have been incurred. While the thought of filing for bankruptcy can be scary at first, it can also offer great security and opportunity when no other options exist.

Financial resolutions to help you get out of debt

At the start of each new year, countless people resolve to get in better shape. They diet, join the gym and do whatever else it takes to meet their goals. More and more people are realizing the importance of good financial health as well. A study conducted by Fidelity found that 54 percent of Americans are considering financial resolutions this year; a nearly 20 percent increase from 2009. Here are a few tips to help our readers in Lane County get out of debt, a common New Year’s resolution.

Oregonians may want to consider Chapter 7 to stop foreclosure

For many people living in Oregon, a house is more than just a place of residence; rather, it is a home filled with love, laughter and fond memories. So when faced with the prospect of losing your home to foreclosure, it can be extremely discouraging and emotionally devastating. Even when faced with financial challenges such as overwhelming debt and foreclosure, however, you may be encouraged to learn that there are ways to stop foreclosure and find a fresh financial start. Chapter 7 bankruptcy is one such option that you may want to consider.

Wildcard shows largest difference between Oregon and federal laws

When a person files for bankruptcy, there is a different set of guidelines that must be followed depending on the situation. Those who owe debtors a certain amount of money may be able to keep certain goods they have purchased under federal and state exemptions to bankruptcy laws. Federal exemptions are changed every three years to account for changes in the Consumer Price Index, and these exemptions are only available to consumers during bankruptcy proceedings. The difference between state and federal laws in amounts allowed for exemptions is the most obvious with the Wildcard exemption used by many consumers during the bankruptcy process.

Oregon Democrat introduces legislation to crack down on loans

When a person in Oregon does not have the money to purchase the necessary or wanted things for themselves or their family, they may choose to use credit cards to make purchases, or take out high interest loans to meet their obligations. As these loans and cards accrue interest, the debt becomes overwhelming and the person can’t keep up without borrowing more money. Eventually, when the bills pile up and they are looking for ways to get out of debt, they may choose to use bankruptcy as an option to escape harassing creditors and get a fresh financial start.

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The Law Office of Kim Covington

Eugene Office
1445 Willamette Street, Suite 9
Eugene, OR 97401

Toll Free: 800-673-1891
Phone: 541-393-2790
Fax: 541-344-6466
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1135 Dale Street SE, Suite #B
Albany, OR 97321

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Phone: 541-393-2790
Fax: 541-344-6466
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Roseburg Office
1701 West Harvard, Suite 201
Roseburg, OR 97470

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

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