In order to file for chapter 7 or chapter 13 bankruptcy, you must first pass the Bankruptcy means test. The test differs for chapter 7 and chapter 13 petitioners. For instance, there are certain monetary thresholds under the chapter 7 bankruptcy means test that once reached, prohibit a debtor from filing. As an alternative, the debtor may be able to file for chapter 13 bankruptcy…
Tulsa Bankruptcy and Divorce
Chapter 13 bankruptcies usually take between three and five years to complete. During this portion of your life, much can change. Divorce ca occur while couples are still working through a Chapter 13 plan. If this happens it can have implications on your bankruptcy. The following is a look at what happens if you seek a divorce during your Chapter 13 bankruptcy. We discuss…
Alternatives To Bankruptcy in Oklahoma
Filing for bankruptcy may not be the right step for everyone. Each person has his or her own unique financial circumstances that require different plans for managing and eliminating debt. Furthermore, whether or not you choose to file for bankruptcy is often dependent upon your income. This is because if you have a steady income, you may be able to manage your debt. There…
Small Business Bankruptcy Tulsa Oklahoma
Starting a business takes incredible courage and a lot of hard work. Keeping a business going takes even more hard work, dedication, and also a bit of luck. Sometimes, businesses that have excellent potential are unable to bring in enough money to stay afloat. Its hard for a small business owner who has spent so much time and energy on his business to close…
Oklahoma Bankruptcy Myths
If you’re considering filing bankruptcy in Tulsa, Oklahoma be careful of bankruptcy myths. If you’re unsure of whats true or what are bankruptcy myths we can help. Take the time to sit down and think about it. Make a list of the reasons why you think you shouldn’t file for bankruptcy. Once you have your list, its time to examine those reasons and determine…
How To File A Successful Bankruptcy
The months and perhaps even years that precede a bankruptcy filing in Oklahoma are usually difficult. As finances become more and more unstable, stress continues to pile up along with the bills. The feeling of running out of options can be overwhelming. So can coming to the realization that bankruptcy is a necessary next step. This next step is done so you can regain…
