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You can have money in the bank when you file bankruptcy in Tulsa County, but the money must be disclosed and properly reviewed before the case is filed. Bankruptcy does not require you to be completely broke. However, bank account balances are assets, and the bankruptcy trustee can review those balances as part of the case. The important question is not whether you have…
Student Loan debt is becoming a crippling problem in recent times. In fact forgiving student loans is a hot topic as the number of borrowers skyrockets. Student loan borrowers may have more Bankruptcy Options in Oklahoma than they realize. Sluggish economic growth and an uneven economic recovery have made for tough economic times for borrowers. These economic challenges can be daunting for those with…
BANKRUPTCY AND TAXES When you file a bankruptcy the discharge-ability of property taxes depends on whether you are filing a chapter 13 or a chapter 7 Oklahoma bankruptcy. If you are filing a chapter 7 bankruptcy and you are not keeping the property that the property tax was assessed to you can discharge the amount of tax that was owed at the time of…
Tulsa Bankruptcy Attorneys-Will My Back Taxes Be Discharged In Bankruptcy: Chapter 7 Bankruptcy: Can you discharge Tax Debt? On any Chapter 7 Bankruptcy consultations, the prospective Debtor is always advised of a general caveat that certain debts classified as priority debts are not dischargeable including domestic support obligations such as child support and taxes due to the government and in most instances they are…
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