Get a Fresh Start with Chapter 7 Bankruptcy
Very few things make Oklahomans worry. Some of those few things are tornadoes and debt. While the former may seem quite obvious, the latter is not. Debt forces people into harsh places. Too much debt can flat out ruin someone’s life. Creditors and debtors tend to flood people with lawsuits and wage garnishments, often leaving indebted Oklahomans in constant fear of what happens next.
If you believe someone you know was unjustly pursued by creditors, a great option is to reach out to a Chickasha attorney to get justice when creditors who try to take advantage of Oklahomans just like you. Justice may even come in the form of debt relief. In some cases, that can even mean you don’t have to pay the debt.
That’s how Chapter 7 works. You might be required to relinquish, or “liquidate” some property, Oklahoma bankruptcy exemptions allow you to keep your home, a vehicle, tools, clothing, personal items and even some collectables or keepsakes. If you think you are eligible for Chapter 7 Bankruptcy under the U.S Bankruptcy Code, call an attorney to see how to properly file your bankruptcy in Chickasha, Oklahoma.
Be wary, though. Several factors come into play when filing for bankruptcy. The bottom line is, you have to qualify for bankruptcy by making a case to the U.S. Bankruptcy Court. One factor you can control is your choice of who you hire to advise and represent you. To raise your odds of success in court, hire an attorney who has years of experience successfully representing bankruptcy filers.
Because the decision to file bankruptcy has significant implications, it’s seldom an easy decision. Wirth Law Office offers legal advice in the form of consultations to determine if you should file bankruptcy and, if so, how you should go about filing bankruptcy.
Grady County Chapter 7 Bankruptcy
There are many attributes of Chapter 7 Bankruptcy. Popular attributes that are absent from Chapter 13 are the simplicity and quickness of Chapter 7. Those who file Chapter 7 to reduce their overall debt can also help people secure their vehicles — if they file for bankruptcy in time and if they are diligent in keeping up loan payments. Oklahoma attorneys can examine the situation of single people and couples to see if Bankruptcy is the available option.
If bankruptcy is a viable option, you could look forward to the possible elimination of debt. This debt could consist of medical debt, credit card debts, personal loans or business debts. Repossession and foreclosure often loom over bankruptcy filers. Unsecured debts can be discharged – eliminated without payment – depending on the amount owed and other important factors. A Bankruptcy Lawyer in Chickasha is the person who has the insight to know if such discharges were possible.
A bankruptcy attorney could also explain the importance of keeping your vehicle by maintaining your car payments. The fact that a person is going through bankruptcy does not mean they have to lose all of their assets. But secured debts like car loans cannot typically be discharged in a Chapter 7 bankruptcy, so staying current with car payments could allow the car owner to keep their vehicle. Discharging other debts can free up income to pay off secured debts like mortgages or vehicle loans.
Wage garnishment is on the mind of many people who undergo bankruptcy. People begin to question if their lifestyle is maintainable when considering the many outcomes that could come from bankruptcy. It is good news that instantaneous protection from wage garnishments can protect people if they structure their chapter 7 Bankruptcy repayment plans correctly. Debt collectors must immediately stop bothering you when you file bankruptcy while the process of discharging or reaffirming debts can eliminate the likelihood of garnishments.
Free Consultation for Chapter 7 Bankruptcy.
If a mountain of debt is getting the better of you, don’t be afraid. Take action now. Seek the help of a legal professional to see if you are eligible for Chapter 7 Bankruptcy.
Wirth Law Office – Chickasha offers free consultations for those seeking a Grady County Bankruptcy attorney. Contact us today at (405) 272-4100. You can also start your consultation using the consult button on this Webpage.