Changes to Bankruptcy Law in Oklahoma

Since the Oklahoma bankruptcy laws were changed in October 2005 I receive countless calls from persons wanting to file personal bankruptcy in Oklahoma.  Most Oklahoma’s fear that since the changes they are no longer able to file or that credit card debt can no longer be discharged in bankruptcy. Moreover many of the calls wonder if the new bankruptcy laws preclude including your medical…

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Credit Counseling and Oklahoma Bankruptcy

Credit Counseling and Bankruptcy With the changes to Bankruptcy law set out in the 2005 Bankruptcy Abuse Prevention Act any person seeking to file a personal bankruptcy in Oklahoma, either a chapter seven or a chapter 13, is required to take two credit counseling courses.  The bankruptcy credit counseling course is not the same as those that we generally see advertised on television; the…

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Oklahoma Automobile Exemption

Can I Keep My Car in Bankruptcy: In chapter 7 Bankruptcy Cases, Debtor(s)’ are given an opportunity to protect certain assets through Exemptions, which assets may include the Debtor(s)’ primary residence and other personal property such as furnishings and clothing. The U.S. Bankruptcy Code provides a list of uniformed exemptions, however most states have the option of opting out and providing for its own…

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Oklahoma Bankruptcy Information

The more Oklahoma bankruptcy information you have the easier the process is. Over the years there have been significant changes to bankruptcy law. This is even more complicated when you consider that the law is different from state to state. Also, there are different kinds of bankruptcy available to people depending on your circumstances. Chapter 7 Bankruptcy Help Chapter 7 bankruptcy, sometimes called the…

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