Insurance Settlement Money in Bankruptcy is yours to keep. Insurance is often a tricky subject for people considering bankruptcy? They want to know what will happen if they are in an accident, or receive life insurance money. The answer is first dependent on when the accident occurs, and then where the debtor lives. Insurance From a Personal Injury: The first question to ask is…
Filing Bankruptcy in Oklahoma
Do’s and Dont’s Before Filing Bankruptcy in Oklahoma: Filing bankruptcy is an emotional event for many people. The truth of the matter is that while the pressure associated with filing is understandable following some common do’s and dont’s before filing bankruptcy in Oklahoma. Dont’s Before Filing Bankruptcy in Oklahoma: If you have a retirement plan don’t withdraw large sums of money from it just…
Oklahoma Bankruptcy Exemptions
Oklahoma Bankruptcy Exemptions help you safeguard your property in Bankruptcy. Protecting certain assets i.e., keeping them from creditors is a feature of filing a Chapter 7 bankruptcy in Oklahoma. You should know which assets you can keep and under what circumstances you can keep them. The following is a review and a general outline that lists “exempt assets”… assets that you can keep from…
Student Loans and Oklahoma Bankruptcy
Student loans and Oklahoma bankruptcy are once again in the news. Student loans are a leading source of personal debt in the United States. For many people student debt is a large portion, and in some cases, the majority of their debt. Many potential bankruptcy debtors are unsure whether or not their student loans can be discharged. Recent statements by the President and by…
Oklahoma Bankruptcy Options and Your Assets
When you file Oklahoma bankruptcy, the court and the creditors will heavily scrutinize your assets. In exchange for assistance with your debts, either through discharge or reorganization, you must be willing to negotiate with creditors. If you have valuable assets, the bankruptcy system does allow you various means of legally protecting them. First things first: do not commit bankruptcy fraud. If you make big…
Tulsa Lawyer Discusses Debt Solutions
If you’re struggling to pay your bills, you’ve likely grown accustomed to constant harassing calls from creditors. You want to pay them off and stop the endless ringing of your phone, but simply don’t have the money. Your credit score slips lower and lower as the late payments pile up. Every month, you find yourself making financial sacrifices or juggling between whether to pay…
