The difference between secured and unsecured debts in Oklahoma bankruptcy is important. One of the most frustrating things about bankruptcy for clients is the use of terminology that they’re unfamiliar with. One of the most frequent questions we get is whats the difference between Secured and Unsecured Debts in Oklahoma Bankruptcy. As part of that question people also ask why does it matter anyway? Secured…
Reopening Your Oklahoma Bankruptcy Case
Reopening Your Oklahoma Bankruptcy Case requires what the Court calls good cause. One of the concerns we hear from clients is “what if something happens after the case is over? Can my case be reopened?” As a general rule, no, once discharged and closed, a bankruptcy is final. For instance, a court will not reopen a case to add a creditor to the case…
Insurance Settlement Money in Bankruptcy
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…
