How to file Bankruptcy in Tulsa Oklahoma
Bankruptcy is a process that people or other entities like businesses who are having trouble repay debts to creditors can find relief for some of or all of the debts owed. In most situations, bankruptcy is presided over by a court order. This is usually initiated by the person or entity in debt.
Chapter 7 Bankruptcy in Tulsa Oklahoma
Chapter 7 bankruptcy is a process from which an individual can seek relief from debts owed by discharging or clearing partially or all of what’s has been owed – here, if the client qualifies for Chapter 7 bankruptcy then this may allow you to discharge a variety of debts, but usually, this does not include obligations like child support, student loans or tax debt. This is because most of those are federal debts nowadays.
Chapter 13 Bankruptcy in Tulsa Oklahoma
When looking at chapter 13 bankruptcy this is also called a wage earner’s plan. This means that individuals with a regular income will have to develop a plan to repay all or some of their debts owed. The nursing home abuse lawyer explains this chapter 13 law, the debtors propose a repayment plan to make installments to creditors over three to five years typically.
At the Ron Brown law firm, we can make filing bankruptcy easier for our clients. We have years of experience and we can help our clients weigh out the pros and cons of filing. Many find relief and financial stability post-bankruptcy so it’s not something one needs to be fearful of, continue reading this to understand what bankruptcy is and how a lawyer can help, you need the right source. Schedule a free consolation with our attorneys today. Let a top bankruptcy lawyer work on your behalf and experience the difference for yourself. At the end of we know that filing is something that comes down to an individual’s choice and we will respect that. Give us a chance to earn your business.
