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Retirement account withdrawals in bankruptcy can seriously impact your Oklahoma bankruptcy filing. Recently a Tulsa family used retirement account withdrawals to pay off certain debts on the eve of filing bankruptcy. The family reasoned that they owed the money and they would take money from their 401K retirement and pay it. Additionally, one of the family members recently lost his job and this was…
The documents needed to file bankruptcy is simple to gather and most attorneys will help you through it. Filing bankruptcy can be an intimidating process especially when looking at the documents for bankruptcy. When you start gathering paperwork, the job can seem impossible to complete. However, the amount of paperwork is less than most people realize. Although you will need several documents, most of…
Buying Things after filing an Oklahoma bankruptcy may be okay but depends on a few factors. One is timing. But, the other–and more important–factor is which type of bankruptcy you file. This means that depending on your status as a Chapter 7 or Chapter 13 bankruptcy, the answer varies. This article will explain when Buying Things after filing an Oklahoma bankruptcy is appropriate. Making Purchases after Filing…
Registering a Foreign Judgment in Bankruptcy will help you in collecting certain debts if you are a creditor. One of the most frustrating aspects of lawsuits is the difficulty in collecting a judgment. In many cases, the losing party will do all they can to avoid paying their fees. For example they may switch banks or jobs simply to avoid garnishments. Parties that move…
Converting Chapter 13 to Chapter 7 Bankruptcy is something you can do so long as you qualify. Because of the long nature of Chapter 13 bankruptcy plans, it’s not uncommon for circumstances to change drastically at some point during the plan. Bankruptcy trustees are generally willing to make small modifications for small problems or emergencies. For example, needing to replace a broken household appliance…
If you’re married Filing Bankruptcy Without Your Spouse isn’t a problem One of the concerns our clients often have is about their marriage and the effect it may have on bankruptcy. Bankruptcy and marital status do matter, but mostly in ways that are beneficial to the debtor. Marriage and Filing Bankruptcy Together Bankruptcy laws allow married couples to file a case together or filing…
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