-- Following the updates, clients in the Roseburg, OR, area can turn to the firm for expert advice on resolving unsustainable debt and finding solutions through bankruptcy filings and wage-earner repayment plans. The Law Office of Kim Covington brings a compassionate approach to individuals in dire financial straits, working closely with debtors and creditors to ensure a workable and satisfactory outcome for all parties.
More details can be found at https://www.kimcovington-bankruptcylawyer.com/
The firm helps clients decide if a debt consolidation plan - via Chapter 13 - is the optimal way to resolve debt issues. A Chapter 13 resolution is designed to help those who are earning but have fallen into arrears on credit repayments. Under the code, individuals are given three to five years to resolve secured debts while eliminating unsecured arrears such as credit card debt provided they do not exceed $465,275.
Kim Covington and her team can assist clients in preparing and submitting the necessary reorganization plan for Chapter 13 filings. This ensures that assets such as property are safeguarded against foreclosure. However, an applicant's secured debt must not exceed $1,395,875.
These filings commonly free up enough of a debtor's income so they can continue to pay their mortgage and keep their home and car, having eliminated enough of their unsustainable, unsecured debt repayments.
In addition, the firm supports clients through several other compulsory phases of a Chapter 13 filing including credit counselling courses approved by the US Department of Justice Trustee Program; attending a 341 meeting of creditors in which financial records are submitted and reviewed by trustees and creditors; and a subsequent confirmation hearing in which a debtor's proposed debt resolution plan is approved by a judge. Typically, debtors are given several opportunities to amend plans until they are deemed feasible by the presiding judge and creditors.
Kim says, “Chapter 13 is a flexible and effective debt relief solution for individuals, married couples and small-business owners. When the collection calls and threats of foreclosure or other legal actions to collect on debts become overwhelming, honest, hardworking people in Oregon often rely on this flexible form of bankruptcy to regain control of their finances and money. At The Law Office of Kim Covington in Eugene, I have substantial experience guiding clients to a brighter future.”
The firm can also assist with Chapter 7 filings, creditor harassment issues, tax debt, and wage garnishment arrangements.
For more information, and to schedule a complimentary consultation, call 541-393-2790 or go to https://www.kimcovington-bankruptcylawyer.com/
Contact Info:
Name: Kim Covington
Email: Send Email
Organization: Law Office of Kim Covington
Address: 207 East 5th Avenue, Eugene, OR 97401, United States
Website: https://www.kimcovington-bankruptcylawyer.com/
Release ID: 89159387