If you are thinking about filing for bankruptcy, you might be wondering what will happen to your co-signers—a parent, a sibling, or a close friend, for instance. A co-signer is someone who offers to co-sign a loan for which you are applying because, as the Consumer Financial Protection Bureau (CFPB) explains, “the lender will not […]

If you are considering filing for Chapter 7 bankruptcy in Oklahoma City and have substantial student loan debt, you might be wondering whether this type of debt can be discharged. Generally speaking, it is very difficult to discharge most student loan debt in bankruptcy. At the same time, it is not impossible to do. Many […]

A Chapter 7 bankruptcy allows you to discharge most of your debts without any further obligation to repay. But not all debtors are eligible for Chapter 7 protection. In 2005, Congress amended the bankruptcy laws to require all debtors pass a “means test” to establish they lack sufficient monthly income to repay their creditors. Debtors […]

When you file for Chapter 7 bankruptcy, the court will assign your case to an official known as the United States Trustee. The trustee is appointed by the Attorney General of the United States to serve as an impartial overseer of the bankruptcy process. In Chapter 7 cases, the trustee’s primary roles include liquidating a […]

Many people are hesitant to consider bankruptcy in Oklahoma because they fear losing what little property they have to their creditors. But in fact, the typical Oklahoma debtor is able to protect most of his or her personal property through a series of legal exemptions. These exemptions are available in both Chapter 7 and Chapter […]

A Chapter 7 bankruptcy is designed to discharge–eliminate–most of your outstanding debts after certain non-exempt assets are liquidated by a court-appointed trustee. In some cases the court may dismiss or convert a Chapter 7 filing into Chapter 13 (or Chapter 11) case. Unlike Chapter 7, a Chapter 13 bankruptcy does not immediately eliminate debt. Instead, […]

As Oklahoma bankruptcy attorneys, we help people who, for one reason or another, have fallen behind on their debts and financial obligations. Many of these have experienced the nightmare of being hounded by unrelenting creditors and debt collection agencies, who often use highly aggressive and invasive tactics as a way of intimidating consumers into paying […]

Whether you have experienced a job loss, a decrease in earnings, personal problems such as a divorce, or are recovering from health issues, falling behind in just one or two payments could put your home at risk for foreclosure. In these situations, it is important to act fast to lessen a number of costs and […]

Business partners rarely enter into a partnership expecting future conflict. Unfortunately, the reality is that many business partners come to disagree about fundamental business-related issues or have a personal falling out at some point in their careers. While it is possible to prepare for this eventuality by carefully drafting a partnership agreement at the outset […]

Like all states, Oklahoma recognizes several kinds of tax-related crimes, all of which carry significant penalties. For instance, corporations who are charged with tax offenses could be forced to pay thousands of dollars in fines and may suffer irreparable damage to their reputations. However, having the guidance and support of a tax attorney can make […]