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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…
Means testing and Oklahoma bankruptcy go hand in hand. In order to qualify for chapter 7 bankruptcy you must not make above a certain amount of money per year. Means testing in bankruptcy determines which chapter of bankruptcy you qualify to file. Means Testing Qualifies You Your income determines which chapter of bankruptcy you qualify to file. If you’d like to file a chapter…
Should I File an Oklahoma Bankruptcy begins with understanding what bankruptcy you qualify for. The reason for this is that there are several differences between what bankruptcy you file. The one you qualify for is dependent on a couple different things. Basically bankruptcy is not a one size fits all proposition. Rather each person comes to the question with different circumstances that answer the…
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