The first question you should ask is if bankruptcy is right for you. Bankruptcy can often be the best option to help you get out from under your debt, and get a fresh start.
At Copeland Law, we will work with you to determine whether filing for bankruptcy is right for you. We can help you decide whether filing for bankruptcy is the best option, or if there are other avenues you want to pursue. Call (405) 701-1994 today to schedule your consultation.
Stop the Creditors from Harassing You
Do you feel constantly stressed out because you can’t afford to pay the creditors, but they won’t stop contacting you? Do you have problems sleeping, keeping focused on work, or just making it through the day because your creditors won’t stop contacting you?
Filing for bankruptcy can stop the harassing calls, letters, and other forms of contact. With very few exceptions, when you file for bankruptcy, an “automatic stay” goes into effect, barring creditors from all attempts to collect money from you. Call (405) 701-1994 and schedule a no obligation consultation today so we can help you decide whether bankruptcy will stop your creditors from harassing you.
Oklahoma Bankruptcy Exemptions
You may be worried that if you file for bankruptcy you will lose your house, your car, and all your property. While each client’s situation is unique, this will usually not be the case. Oklahoma state law exempts certain property from being taken in bankruptcy. Specifically, Oklahoma exempts a debtor’s home and a debtor’s equity in a vehicle up to $7,500. Most retirement plans, pensions, social security benefits, Veteran’s Disability benefits, unemployment compensation, and other forms of benefits are also exempted from being lost in bankruptcy. Call (405) 701-1994 today to schedule your consultation so we can help you decide how bankruptcy would affect your property.
Is Chapter 7 or Chapter 13 Bankruptcy Right for Me?
There are two general forms of bankruptcy relief: (1) Chapter 7 liquidation; and (2) Chapter 13. Both Chapter 7 and Chapter 13 have certain requirements which you will have to meet before filing under either Chapter.
In Chapter 7 Bankruptcy, the Bankruptcy Court appoints a trustee, who will collect all of your non-exempt property, sell that property, and then distribute that money to your creditors. Because your current property is taken and sold, this is known as “liquidation.” You can learn more about Chapter 7 Bankruptcy by clicking here.
In Chapter 13 Bankruptcy, you keep your property and develop a plan to pay your debts over a certain period of time. Because you end up paying off your debts over time, it is often referred to as “reorganization.” You can learn more about Chapter 13 Bankruptcy by clicking here.
Chapter 7 or Chapter 13?
If after a consultation you decide bankruptcy is the right option for you, we will help you decide whether Chapter 7 or Chapter 13 is best for you and your future.
Should I File Bankruptcy?
You should meet with a professional who can help you with this process. After a consultation we can help you answer the question, “Is bankruptcy right for me?” Call us at (405) 701-1994 or fill out our form on our Contact Page to get your bankruptcy consultation scheduled with a bankruptcy attorney today.