Can I Avoid Filing Bankruptcy

  Five Debt Relief Options to Avoid Filing Bankruptcy   Sometimes bankruptcy is necessary, but it can be a very stressful, life-altering event that many people equate to divorce, serious health conditions and even the passing of a loved one.  While many Oklahoma citizens are candidates for bankruptcy, it is important to look at other options that may work for you to avoid filing…

Read More

Tulsa Bankruptcy, Impact Of Bankruptcy On Your Credit

The Destructive Urban Myth That Bankruptcy Destroys a Consumer’s Credit Those who are facing burdensome debts and unanticipated financial hardships that prevent them from paying those debts often consider Chapter 7 Bankruptcy.  Unfortunately, there are a great many myths that are perpetrated by financial institutions and the media about the negative impact and disadvantages associated with pursuing a Chapter 7 or chapter 13 bankruptcy…

Read More

Lawyers Tulsa Bankruptcy and Student Loans

Student Loans And Banktuptcy In Tulsa Oklahoma Recent College Graduates May Have Broader Bankruptcy Options Than They Realize Sluggish economic growth and a high unemployment rate have made for tough economic times for recent college graduates and those anticipating graduation soon.  These economic challenges can be daunting for those with a significant balance in student loan obligations.  While in theory student loans are dischargeable…

Read More

What Is Chapter 13 Bankruptcy

Which Bankruptcy Should I File? During the current difficult economic situations, Oklahoma families and individuals may be facing the loss of employment, a medical illness of themselves or a family member or a host of other financial difficulties. These problems may cause them to fight to pay their monthly living expenses and make current mortgage and car payments.  While Chapter 7 Bankruptcy is a…

Read More

Attorneys-Property Taxes In An Oklahoma Bankruptcy

BANKRUPTCY AND TAXES When you file a bankruptcy the dischargeability 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 assed to you can discharge the amount of tax that was owed at the time of discharge…

Read More

Bankruptcy Law-Claiming My Injury Lawsuit In Bankruptcy

Injury Claims in Bankruptcy: Certain assets in your Bankruptcy are considered exempt.  That means that when you file a chapter seven case the recovery from Workers Compensation or Personal Injury lawsuits proceeds flows to you free of claims from the bankruptcy court.  The exemption is capped by a certain amount but this amount is generous. The most important thing you can do is to make sure that…

Read More

Bankruptcy Law-Removing Liens On Your Home

I filed a Bankruptcy in Oklahoma and still have a lien on my home. If you filed a bankruptcy in Oklahoma and prior to filing the case a creditor filed a lien on your home the bankruptcy filing will not by itself avoid the lien. This means that many debtors find that after the chapter 7 bankruptcy or chapter 13 bankruptcy case has closed…

Read More

Bankruptcy Law And Asset Hearings In Bankruptcy

What is an Asset Hearing in Ok: In Oklahoma if there is a money judgement against you the person holding the judgement is entitled to file a motion with the court setting the issue for an asset hearing.  At the hearing you will be required to supply all your financial information such as bank accounts, and all other assets and there location. The most important…

Read More

Bankruptcy Law-Can I Keep My Rental Property If I File Bankruptcy

Rental Property and Bankruptcy Law: Whether or not you can keep rental property you own in an Oklahoma Bankruptcy depends on which bankruptcy chapter you file.  If you plan to file a chapter 7 bankruptcy you probably cant keep the property.  This is because a chapter 7 bankruptcy is more like a liquidation of your assets in exchange for the discharge of you unsecured…

Read More

Bankruptcy Law-Transfering Property Prior to Bankruptcy in Oklahoma

TRANSFER OF ASSETS PRIOR TO BANKRUPTCY When transferring certain assets prior to bankruptcy filing, one must be extremely careful as certain transfers may be considered fraudulent and the transfer can be voided by the bankruptcy court. Determination of fraudulent transfer depends on the Debtor’s actual intent to hinder, delay or defraud any creditor and the Bankruptcy court is able to look back at transferred…

Read More