What Is the Automatic Stay in Oklahoma Bankruptcies, and How Can It Help Me?

Automatic Stay

The automatic stay is one of the most important protections available in bankruptcy. When you file Chapter 7 or Chapter 13 bankruptcy in Oklahoma, the automatic stay generally takes effect immediately. It works like a legal stop sign against many creditor collection efforts. This protection can give you breathing room, stop aggressive collection activity, and allow your bankruptcy case to move forward under the…

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How Do I Know if I Qualify for Chapter 7 Bankruptcy in Oklahoma?

Qualify for Chapter 7

Chapter 7 bankruptcy is often called a fresh start bankruptcy because it may allow those who qualify to eliminate many types of unsecured debt. If you are struggling with credit cards, medical bills, payday loans, personal loans, repossession balances, garnishments, lawsuits, or creditor harassment, Chapter 7 may provide a way to stop collection pressure and move forward. However, not everyone qualifies for Chapter 7….

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Foreclosure and Oklahoma Bankruptcy

chapter 13 bankruptcy law

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…

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Can I Discharge Student Loans In Oklahoma Bankruptcy

Student Loans In Oklahoma Bankruptcy

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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Debts That You Cant Discharge in Bankruptcy

Skiatook bankruptcy attorneys

For many people receiving collection notices, harassing phone calls, or notices that they are being sued by creditors, filing for bankruptcy can end the worry and bother.  A bankruptcy, whether a Chapter 7 or Chapter 13, eventually wipes away all or most of the debts held by an individual.  However, there are certain types of debts that you cant discharge in bankruptcy.  The four…

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