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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…
While many people use the term bankruptcy in a generic sense, there are a couple of versions of consumer bankruptcy . Chapter 7 and Chapter 13 are two examples of types of bankruptcy. While Chapter 7 is the form of bankruptcy that most people think of when they think bankruptcy this may not be the solution for them. Chapter 13 is another type bankruptcy…
As a Tulsa bankruptcy attorney I’m often asked how Bankruptcy Affects Your Credit. The truth is that answering this question is a little different depending on your particular case. The most important thing to realize is that bankruptcy’s impact on your credit score isn’t permanent and can be improved shortly after we file your chapter 7 case. Unfortunately, there are a great number myths…
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…
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