Chapter 7 bankruptcy allows you to start with a clean financial slate. If you qualify for Chapter 7 bankruptcy, you can be discharged from your debts. While certain assets may need to be liquidated, you can keep your assets in many cases. While exemption laws vary by state, most debtors in Oklahoma are able to keep their homes, vehicles, pensions, and household belongings.
Reach out to Deborah Brooks & Associates P.C. to find out if you qualify for Chapter 7 bankruptcy. Our bankruptcy attorney has many years of bankruptcy law experience and serves clients in Oklahoma City, Lawton, Edmond, and Norman, Oklahoma.
Before you can get a fresh start, you’ll have to follow certain steps. If you qualify for Chapter 7 bankruptcy, you’ll be required to:
File a Voluntary Petition in bankruptcy court in the federal district where you’ve resided for at least 91 to 180 days.
File a list detailing your assets, debts, income, and expenses.
File a Statement of Financial Affairs, which discloses the past two years of your financial history.
Appear at a meeting of creditors hearing 30 to 45 days after your case is filed.
File a certificate verifying the completion of a mandatory financial management course.
You don't have to stay buried under your debt. There is help available from a knowledgeable bankruptcy attorney. If you want to start the process today that can lead you toward a most stable tomorrow, get in touch now.
While it may feel overwhelming to complete the process, your bankruptcy attorney will guide you every step of the way. Contact Deborah Brooks & Associates P.C. right now to get started in Oklahoma City, Norman, Edmond, or Lawton, Oklahoma.