Tulsa Bankruptcy Attorneys-Bankruptcy Trustee Information

  Chapter 7 Bankruptcy Trustee In Tulsa Oklahoma,  It is safe to say that your assigned bankruptcy trustee in Tulsa will likely have the most influence over your Chapter 7 bankruptcy case. Yet, who a trustee is, and what they do, may be a mystery to you.  This article seeks to provide you some basic information about trustees, and their role in your Chapter…

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Chapter 13 Bankruptcy Tulsa

What Is Chapter 13 Bankruptcy? While many people use the term bankruptcy in a generic sense to refer to the process of obtaining debt relief, there are a couple of versions of consumer bankruptcy – Chapter 7 and Chapter 13.  At EZ Oklahoma Bankruptcy we strive to make bankruptcy easy to understand. While Chapter 7 is the form of bankruptcy that most people think…

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Filing Bankruptcy In Tulsa Oklahoma

  Myths About Filing Bankruptcy In Tulsa Oklahoma   As Tulsa Oklahoma bankruptcy attorneys with numerous years of experience, we regularly meet with prospective clients considering bankruptcy but who are too afraid to start the process.  Specifically, many of these individuals tell us that they fear filing for bankruptcy given that their credit will never recover once their debt is discharged.  The good news…

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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…

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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…

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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…

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Bankruptcy Law-Difference Between a Chapter 13 and a Chapter 7 Bakruptcy

Chapter 7 or Chapter 13 Bankruptcy in Ok– Whats The Difference Between Them: 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 where as a chapter 7 bankruptcy is a liquidation of all debts and nonexempt assets.  In a chapter 13 the debtor is required to…

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Oklahoma Bankruptcy Law And Taxes-Discharging taxes in chapter 7 Bankruptcy

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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Tulsa Bankruptcy-Value Of Your Car For the Purpose Of Bankruptcy

How do you value your car for the purposes of bankruptcy Exemptions? Since Oklahoma has opted out of the federal exemptions, it provides for their own exemption statutes under title 31 of the Oklahoma Statutes section (A)(1) and under 31 O.S. §A (1) (13) and individual may exempt a vehicle for its value up to $7,500.00 in equity. In today’s world, with numerous vehicle…

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Oklahoma Bankruptcy Law

The Bankruptcy Code: Bankruptcy law is under the jurisdiction of title 11 of the Federal Bankruptcy Code.  Although federal law applies each state in the United States is allowed to apply or not apply certain bankruptcy exemptions.  An Exemption is what each person filing their bankruptcy case is allowed to keep regardless of  filing either a chapter 7 or chapter 13 bankruptcy.  An example…

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