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Chapter 13 Bankruptcy in Oklahoma

chapter 13 bankruptcy in oklahomaWe are an Oklahoma City Bankruptcy Atorney and we help Oklahomans get out of debt quickly and easily.

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.

In these cases filing for Chapter 13 bankruptcy can be the extra boost you need to start paying back debts and restore your good credit.

We take pride in helping individuals file for Chapter 13 bankruptcy and establish viable repayment plans for debts. As a qualified bankruptcy attorney and Chapter 13 bankruptcy attorney, We have helped numerous debtors recover from their debt and return to living financially healthy lives.

Chapter 13 Rules

We'll help you with all the particulars and paperwork involved in establishing Chapter 13 rules, including:
Analyzing your debt
Determining if Bankruptcy is the right solution for you
Establish your property and exemptions
Complete and file all forms
Represent you at hearings and help negotiate a payment plan with creditors
Beyond guiding you through the Chapter 13 rules, We will instruct you as to the best course of action. Chapter 13 isn't for everyone, and there are numerous factors to consider. While most people who qualify will typically be better off filing under Chapter 7, there are some circumstances that make filing a Chaper 13 a better option. Some of those circumstances include:

(1)If you owe back taxes they may be repaid over the term of the plan without the accrual of interest and penalties.
(2)If you are behind on your mortgage, the plan may provide for the payback of back mortgage payments over a period up to 5 years interest free.
(3)If you have a co-signor on a loan the creditor cannot attempt collection efforts against that person.
(4)If you have a loan on an automobile that is at least 2 years old you may be able to re-structure that loan to pay back only what the automobile is worth.
(5)You may be able to keep certain things in a Chapter 13 case that you wouldn't in a Chapter 7.
(6)You can file a Chapter 13 sooner after obtaining a discharge in a previously filed bankruptcy.
(7)Property division obligations stemming from a divorce that are nondischargeable under chapter 7 are dischargeable under chapter 13.
(8)A portion of the attorney fees are paid through the plan so you don't have to have all of the fees up front.
(9)You may recover possession of personal property repossessed, but not sold, prior to the bankruptcy filing.

For more information, or to discuss your situation with an experienced Oklahoma City bankruptcy lawyer, contact us today to arrange your initial consultation. Click here for a free bankruptcy evaulation.

 

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