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Chapter 13 Bankruptcy law helps you with out of control debt. Its a great tool to liquidate or reorganize your debts. Many people in Oklahoma file bankruptcy every year. They do this as a way of forgiving or consolidating their debt.Bankruptcy is a wonderful way to stop foreclosures and to eliminate garnishments. Once a person decides to file they have to decide if they’ll…
Sometimes Tax Debt in Oklahoma Bankruptcy is a persons number one reason for filing. It’s quite common to hear TV and radio ads offering the ability to eliminate tax debt during a bankruptcy filing. However, the process isn’t as easy as these advertisers claim it to be. The majority of tax debts cannot be eliminated in bankruptcy; you will still owe them after a…
Past Due Rent From Old Apartments In a chapter 7 bankruptcy most of your unsecured debt is eliminated. This includes credit cards, medical bills, repossessions and judgments. If the land-lord has gotten a judgement against you for the past due rent you must list it in the bankruptcy petition. Even if he has the judgement its not to late to get the debt for…
Foreclosure and Oklahoma Bankruptcy go hand in hand. Oklahoma and the country as a whole have experienced a reduction in foreclosures. This is due mainly to the shaking out of the subprime mortgage fallout. Regardless of this recent reduction in foreclosure rates there are plenty of Oklahoman’s who are in danger of losing their home in a foreclosure. Oklahoma Foreclosure Process Most foreclosure’s involve…
Forgiving Student Loans In Oklahoma Bankruptcy is very difficult. Like many of the discharge provisions found in the Federal Bankruptcy Code the law regarding student loan forgiveness has undergone numerous changes. Most of the changes to the dischargeability of student loans is focused on narrowing and almost eliminating a borrowers ability to forgive student loan debt in bankruptcy. Bankruptcy may not help with student…
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