The Catoosa bankruptcy lawyers at South Tulsa Bankruptcy help you file both chapter 7 and chapter 13 bankruptcy. If you’re facing financial difficulties you understand how hard it can be. From the constant creditor letters and phone calls to garnishments it never seems to end. Many people consider bankruptcy but fear the process. This fear of the unknown is understandable but not necessary. The reason is because bankruptcy is a great financial option. Its designed to get good people out from under a bad situation. One of the fears people have is that they’ll loose their personal property in the process. This article discusses your personal property in bankruptcy. If this is a concern of yous read on. Otherwise look through our bankruptcy blog for topics that interest you or call our Catoosa bankruptcy lawyers for a free consultation.
What Can I Keep in an Oklahoma Bankruptcy
When you file a bankruptcy certain property you have is exempt. This means that if property is exempt you can keep it when you file bankruptcy. The exemptions are set out differently depending on what state you live in when you file. The exemptions in an Oklahoma bankruptcy are some of the best in the country.
Oklahoma Bankruptcy Exemptions
- Your home is an exempt asset
- The car you drive is exempt and if your married so is your spouses car
- Basic personal property found in your house. This includes household furnishings.
- A certain portion of your wages.
- Any money you have in a retirement accounts including your 401 k or IRA
- Burial plots
- Any tolls of the trade up-to a certain dollar value.
- Wedding rings and certain other jewelry
- Certain other exemptions not set out in this list.
Catoosa Bankruptcy Lawyers Near You
If you’re facing financial problems and the pressure is just getting to you call us. Chapter 7 and chapter 13 bankruptcy are great options. When you file you keep many of your assets without worry. Most people find that bankruptcy is straight forward and at the end they’re happy to report that the process isn’t bad at all. Call us day or night and get a free consultation.
