You can choose to pay for any pre-petition debt that you choose, provided that you signed a “reaffirmation agreement”, you have enough money in your budget to afford a payment, the creditor still wants to do business with you, and the court approves the reaffirmation agreement. If you don’t have enough money in your budget, […]
Bankruptcy is an opportunity for a debtor to emerge out of a financial crisis and start afresh. Most all of your debts are discharged, including medical bills, credit cards, business debts, and even some taxes and some
When you’re deeply in debt climbing your way out seems impossible. You want to pay back what you owe, but mounting financial pressures and the cost of ordinary living make paying off debts seem a far away dream.
If you’re plagued by debt, filing Chapter 7 bankruptcy may be the most effective way to protect yourself from creditor harassment and start fresh. It puts a halt to all wage garnishments, lawsuits and creditor phone calls, and allows you
Common Myths About Filing Bankruptcy Everyone will know I’ve filed for bankruptcy. Most bankruptcies are not reported in the newspaper. In Tulsa, only business bankruptcies are reported in the newspaper, consumer bankruptcies are not. Of course, all bankruptcies are public record (with a password that costs money), but someone must be looking for you in order […]
Bankruptcy: What Happens to My Student Loans The Problem Today, roughly 70% of American students hold some debt related to their education. In fact, Americans held more than $1.3 Trillion in student loans in 2015 (Federal Reserve). For some idea of the scale of the problem, $1.3 Trillion is roughly the same as the combined […]