Our Oklahoma chapter 7 lawyers can help you eliminate your debt. If you’re experiencing financial difficulty bankruptcy may be right for you. Chapter 7 bankruptcy forgives most of your debt and gives you a fresh start. Each year thousands of people turn to this kind of bankruptcy for help. Most who do find that the process is fairly easy. Sometimes bills just get ahead of what we can pay. If this is you there is a way out. The beauty of chapter 7 is that you can file and still keep most or all of your assets.
Chapter 7 Bankruptcy Help
Help is on the way and this help is just around the corner. Unlike a Chapter 13 bankruptcy which requires you to make payments on your debt, a chapter 7 totally forgives the debt. Many people worry about losing their house, car or other possessions. They don’t have to worry because in most cases your property is protected. In chapter 7 bankruptcy most of your property is exempt from creditors. Exempt assets continue in your possession. Those exempt assets include your home, most of your personal belongings and any retirement accounts in your name.
Once the Chapter 7 Bankruptcy is filed, collection efforts by your creditors must stop. This means that once the case is filed and before the case closes, calls from creditors stop. It also means that related to the debt are over. Additionally, if your paycheck is being garnished it most stop on the day we file your case.
Qualify For Chapter 7
To file for a chapter 7 you must qualify. Its not really that difficult but does require certain things. The first thing is that you cant make over the family income for your size family. Its called the means test. The means test looks at the States median income and require that you’re at or below it. The amount changes form time to time. Call one our Oklahoma chapter 7 lawyers and they’ll figure it out for you. Other requirements look to how long you’ve lived in the State and still other require that you haven’t filled another chapter 7 in the past 8 years.
Free Bankruptcy Consultation
If you’ve got questions give our Our Oklahoma chapter 7 lawyers a call. We offer a free consultation and can help you find the solution that’s best for you. Bankruptcy doesn’t have to be difficult. With the help of an attorney that’s filed thousands of cases you get the help you need. Call today and get a your questions answered 918-637-1546
