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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Will An Oklahoma Bankruptcy Hurt My Credit

Tulsa Bankruptcy and your credit score: How your credit score will be impacted by filing a bankruptcy in Oklahoma is a question that I’m asked by most of my bankruptcy clients.  The answer to this question is that it really depends on your particular circumstances.  In reality many of my clients are facing judgements for unpaid credit card bills, car repossessions, and foreclosures.  In those…

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Do I Need a Lawyer To File Bankruptcy

Do I Need a Lawyer To File Bankruptcy

In the age of do it yourself everything a common question I get is do I need a lawyer to file bankruptcy. The answer to the question depends on your patience and ability to meet the requirements of the court. While the Court allows you to file without an attorney there are certain hurdles you need to be aware of. Which Chapter of Bankruptcy…

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Tulsa Bankruptcy: What not to Do before filing

Bankruptcy Bads – What Not To Do Deciding to file a Bankruptcy is one of the most emotional and stressful decisions that you will face in your life.  The complexity of the process leads many people to do things in advance of filing that they would not normally do.  With this said your best course of action is to make sure that you hire a skilled…

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