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Forgiving Student Loans In Oklahoma Bankruptcy is very difficult. Like many of the discharge provisions found in the Federal Bankruptcy Code the law regarding student loan forgiveness has undergone numerous changes. Most of the changes to the dischargeability of student loans is focused on narrowing and almost eliminating a borrowers ability to forgive student loan debt in bankruptcy. Bankruptcy may not help with student…
While for many people bankruptcy is the best option, it’s important to look at other alternatives that may help you avoid filing bankruptcy. Its also important that you understand its not always possible to avoid filing bankruptcy, so for the purpose of information, I’ve provided you with a few things you can try. Debt Management Programs You may have heard of debt management programs….
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…
Student Loan debt is becoming a crippling problem in recent times. In fact forgiving student loans is a hot topic as the number of borrowers skyrockets. Student loan borrowers may have more Bankruptcy Options in Oklahoma than they realize. Sluggish economic growth and an uneven economic recovery have made for tough economic times for borrowers. These economic challenges can be daunting for those with…
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…
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