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There are certain criteria to qualify for Chapter 13 bankruptcy. Chapter 13 bankruptcy is often called a wage-earner’s bankruptcy because it allows individuals with regular income to reorganize their debt through a court-approved repayment plan. Instead of immediately discharging qualifying debt like Chapter 7, Chapter 13 allows you to make monthly payments over three to five years. At the end of a successful plan,…
There are certain criteria you need to meet to qualify for Chapter 7 Bankruptcy. Chapter 7 bankruptcy is often called a “fresh start” bankruptcy because it can eliminate many types of unsecured debt for people who qualify. In Tulsa, Chapter 7 may help with credit cards, medical bills, payday loans, personal loans, certain judgments, and deficiency balances after repossession or foreclosure. It may also…
A college fund In bankruptcy is often exempt from the bankruptcy court and creditors. As parents many of us have struggled to make sure we set aside money in a college fund for our kids. With the ridiculous cost of college its important to plan for our children’s future. Although the government offers some aid for college students the bulk of the money owes…
Bankruptcy Caused by The Pandemic is rising at a dizzying rate. Top companies in our State are facing bankruptcy situations because of this terrible pandemic that has been ongoing for almost a year now. Slow digital transition and poor financial management has, in particular, affected certain retailers. There have been several cases of some brick and mortar retailers not being able to pay their…
Using your credit card to pay for bankruptcy in Oklahoma can cause you more problems then you think. Many people, to no fault of their own, find themselves struggling with mounds of debt. Debts such as credit card bills, medical bills, signature loans, and other mounting indebtedness can have people looking for some relief. If you find yourself in that situation, bankruptcy may be…
Oklahoma Bankruptcy on a Cannabis Dispensary is controlled by Federal Law. Businesses have been hit particularly hard due to Covid-19. This problem is particularly painful for Oklahoma medical cannabis dispensaries because they are not able to take advantage of federal assistance since marijuana is illegal under federal law. Even worse, medical marijuana dispensaries likely cannot file bankruptcy protection in Oklahoma. Here’s more on the conundrum. What…
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