4 Tips for Rebuilding Your Credit Following Bankruptcy

When you filed for bankruptcy in Oklahoma, you may have assumed that your credit would be ruined forever, preventing you from ever qualifying for a mortgage or obtaining new credit. Not quite. Although bankruptcy does cause your score to drop in the beginning and will remain on your credit report for 10 years, there are steps you can take to rebuild after discharge. Let’s take a closer look at four of them. Read More

A Step-by-Step Guide to Filing for Bankruptcy

If you’ve decided to file for bankruptcy, you’re not alone. In June 2017 the annual bankruptcy filings came to 796,037. With mounting medical bills, credit card balances, and other debt more Americans are turning to Chapter 7 or Chapter 13 to provide them with relief from impossible financial situations. To let you know what to expect, we are providing you with a step-by-step guide to filing for bankruptcy in Read More

What You Need to Know About the 341 Hearing

When you file for bankruptcy in Oklahoma, you are required to attend a meeting of creditors known as the 341 meeting. The court clerk schedules this hearing about 30 days after the filing of your bankruptcy petition. Although the prospect of facing your creditors seems intimidating, the proceeding is not designed to trap you or make you feel ashamed that you sought debt relief. Think of it as a fact-finding Read More

Thinking of Filing for Bankruptcy? Ask Yourself These 5 Questions First

When you’re struggling with significant amounts of debt, filing for bankruptcy can give you the respite needed to regain financial solvency. It is, however, a step that can have a significant impact on your credit rating and, depending on which chapter you file, require you to surrender assets or commit to a long-term debt repayment plan. Here are 5 questions you should ask yourself before meeting with a Read More

7 Illegal Debt Collection Practices to Watch For

You’re busy at work when the phone rings. Assuming that it’s a client or a colleague, you answer it but, instead, you’re greeted by a hostile debt collector - the same one who’s been calling the office every day for a month now. You’ve told them not to call you at work, but they refuse to listen. When you don’t pick up, they call your supervisor instead. It’s so stressful, but they insist that you owe the money and Read More

A Brief Guide to Chapter 13 Bankruptcy

Chapter 13 bankruptcy is often referred to as debt relief for higher income wage-earners. It is a rehabilitative bankruptcy that allows a debtor with regular income to repay all of their debts over a three to five year period. If your secured debts are less than $1,184,200 and unsecured debts do not exceed $394,725, Chapter 13 can give you the fresh start you need to regain financial solvency. Why File Chapter Read More

Four Things to Take Into Consideration If Your Home is Being Foreclosed and What You Can Do About It

The prospect of losing your home can be so daunting that you may be either paralyzed by anxiety and fail to take action or rashly choose short-term solutions over long-term benefits. Neither option is in your best interests, so sometimes you need help understanding your options during foreclosure and creating a clearer picture. Alternatives to Foreclosure Although foreclosure may seem inevitable once you start Read More

Are You a Servicemember? Here’s How the SCRA Protects You

Civilians are not the only ones who experience financial troubles that end in bankruptcy. Many members of the U.S. military have debt problems that overwhelm them despite their best efforts. When this happens, the Servicemembers’ Civil Relief Act (SCRA) can provide important protections that help them regain solvency, either through modified repayment terms or personal bankruptcy. The SCRA Explained The Read More

6 Reasons Why You Need a Bankruptcy Attorney

Thanks to well-structured DIY kits, a lot of people are undertaking tasks and projects that were formerly the exclusive domain of licensed professionals. This even includes filing for bankruptcy on your own. While there is no statute forbidding you from handling your own bankruptcy case, it’s not recommended. This blog explains why you should seek assistance from a bankruptcy attorney during this pivotal time in your Read More

Know What to Expect: How Your Relationship With Lenders Will Change After a Bankruptcy

When we say that bankruptcy provides you with a new beginning, it’s an expression that covers several aspects of your post-discharge picture. While you do enjoy the benefit of a clean financial slate, you’re also having to start anew with lenders, some of which will be willing to help you rebuild credit while others may shy away (at least at first). This blog examines how your relationship with new and former lenders Read More

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