Oklahoma Chapter 7 Bankruptcy:
Are you experiencing difficulty managing your debt? If so, you should consider the debt relief afforded by federal bankruptcy laws and help from an experienced Tulsa Oklahoma Bankruptcy Lawyer.
You may find that Chapter 7 bankruptcy in Ok provides a fresh start by allowing you to reduce, restructure, or eliminate debt while still retaining most or all of your assets. You can eliminate all credit card debt, eliminate medical bills as well as repossessions and most other money judgments. The Tulsa Oklahoma Bankruptcy lawyers at EZ Oklahoma Bankruptcy Law Office can assist you in the following areas.
Chapter 7 Bankruptcy in Oklahoma.
Oklahoma Chapter 7 bankruptcy sometimes called the “Fresh Start Bankruptcy” is by far the most filed form of bankruptcy protection in Oklahoma. This is because it allows the debtor to wipe his or her financial slate clean of most if not all of their debts and start over. This bankruptcy code provision is available to individuals, married couples, corporations and partnerships.
Unlike a Chapter 13 bankruptcy which requires you to make payments on your debt in chapter 7 the final discharge normally occurs quickly after the Chapter 7 bankruptcy case is filed with the Bankruptcy Court in Oklahoma. Exempt assets continue in the possession of the debtor(s) and as to the debtor’s homestead or vehicle this real and personal property is protected from creditors so long as the debtor(s) continue to make payments. For a complete list of Oklahoma exemptions call one of our Tulsa Oklahoma Bankruptcy Attorneys. Once the Oklahoma Chapter 7 Bankruptcy is filed, collection efforts by most creditors is stayed. What this means is that once the case is filed and before the case closes, calls from creditors must stop and lawsuits which relate to the debts will be stayed or put on hold.
For a free consultation with a Tulsa Oklahoma Lawyer call 918-637-1546 or click contact a bankruptcy attorney