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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…
When business owners file bankruptcy, questions regarding back taxes may arise. Although some taxes can be forgiven others may not. If the question is can I discharge unpaid employee payroll tax, this is a problem. Many taxes may be forgiven but if you haven’t paid the employees tax withholding’s you will have a problem. Payroll Tax Chapter 7 In a chapter seven bankruptcy you will…
One of the complicated things about bankruptcy in Oklahoma is deciding between a chapter 13 and a chapter 13. The major difference between a chapter 13 and a chapter 7 bankruptcy is that a chapter 13 is more like a reorganization of both secured and unsecured debt. On the other hand a chapter 7 bankruptcy forgives most unsecured debt without forcing you to pay anything…
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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