Each year, millions of Americans decide to file for Chapter 7 bankruptcy. They do this in order to free themselves from oppressive debt. Those who consider filing bankruptcy are generally struggling to maintain payments on substantial debts. Often, the decision to file comes at a point when an individual can no longer handle the harassing phone calls from creditors and they can no longer pay their…
Removing Liens From Your Home
For many debtors exploring their options on bankruptcy a garnishment is what starts the process. A garnishment occurs when a creditor successfully sues the debtor and obtains a judgment. The garnishment allows the creditor to deduct a portion of the debtor’s wages. This amount is up to 25% per pay period, until the debt is satisfied. For many people seeking bankruptcy, this financial hardship pushes…
Consumer Bankruptcy in Tulsa Oklahoma
The decision to file either consumer bankruptcy or business bankruptcy is not one that people arrive at easily. Let’s face it — sometimes unpredictable and uncontrollable things happen. Its at times like this that the services of an experienced bankruptcy attorney become necessary. Individuals and businesses alike can file bankruptcy. An example is that earlier this year, an Oklahoma City retirement home filed for Chapter…
Oklahoma Garnisments and Bankruptcy
For many debtors, the final straw before declaring bankruptcy is the filing of Oklahoma garnishments. For most debtors, this takes the form of a wage garnishment. In the case of a wage garnishment, a creditor sends the order to your employer. The order directs the employer to withhold wages. Any wages withheld go directly to the creditor. However, other types of garnishments also exist. Oklahoma Garnishments and…
Oklahoma Bankruptcy Attorney and Debt Management
Both Chapter 7 and Chapter 13 Bankruptcy provide a means for Oklahoma consumers to eliminate most unsecured debt. This includes, credit card debt, personal loan debt, and unpaid medical expenses. Also included is repossessions and foreclosure debt. Many Oklahoma consumers have steady employment but are simply unable to overcome credit card debt. Credit card debt is a burden shared by many Oklahoman’s, and it is…
Foreclosure and Bankruptcy Attorneys
Foreclosure and bankruptcy often go hand in hand. When you file chapter 7 or chapter 13 bankruptcy, you can keep your home as long as you are current on your mortgage payments. People who lose their home can eliminate the remaining debt after foreclosure. Under most circumstance, filing for bankruptcy will temporarily postpone the foreclosure process. Read on to learn more about how declaring…
