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Debt Relief Agency for Bankruptcy Filing

Debt Line Law Office
201 W. Fifth St.
Suite 408

Tulsa, OK 74103
Telephone: (918) 878-0010
Toll Free: (888) 332-8546
Fascimile: (918) 879-1682

Email: firm@888debtline.com
Debt Line Law Office
is a division of the
Wirth Law Group.
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Chapter 7 Bankruptcy


What is Chapter Seven (7) Bankruptcy

Chapter 7 is the simplest, fastest, and least expensive kind of bankruptcy. It is often described as a clean slate or a liquidation. If your goal in filing for bankruptcy is to emerge out of a financial crisis and start fresh relatively quickly, Chapter 7 bankruptcy may be the options for you. In a Chapter 7 bankruptcy, a trustee is appointed who has a right to sell any property, which is not properly claimed exempt, to get money to pay your creditors. However, the Oklahoma exemptions are generous and with representation from an experienced Oklahoma bankruptcy attorney most Debt Line Law Office's Chapter 7 clients do not lose any assets to the trustee. Filers receive a complete discharge of most of their unsecured debts.

Qualification for a Chapter 7 bankruptcy in Oklahoma is dependant on your household income, number of dependants, and other factors. With a couple minutes telephone conversation with a Debt Line attorney, you can find out if you presumptively qualify for a Chapter 7 discharge. Call (888) Debt-Line or (888) 332-8546, now to see if you qualify.

If you retain Debt Line for your Chapter 7 bankruptcy, a Debt Line lawyer will personally analyze your situation and use the exemptions available to you to the fullest extent the law allows. Exempt property can include a homestead exemption on a home you own and reside in, household furnishings and furniture, some jewelry, clothing, and a certain amount on an automobile. There are also detailed rules regarding pensions, IRAs and other retirement plans, which only a competent attorney will handle correctly in your bankruptcy case.

What does discharge mean?

In a Chapter 7 bankruptcy, most unsecured debts are discharged. But, what does the discharging of a debt mean?

Discharge of debt means that the person or business you owe the debt to can never collect that debt from you. Where a debt is discharged in bankruptcy, the creditor you owe is prohibited by the bankruptcy discharge from phoning you, writing you, suing you, or taking any other step to collect the discharged debt from you. When the court grants a discharge, the discharge prohibits any attempt to collect from the debtor. If a creditor contacts you, he or she can be required to pay damages and attorney’s fees to the debtor. However, a creditor may have the right to enforce a valid lien such as a mortgage or security interest against the debtor’s property after the bankruptcy, if that lien was not avoided or eliminated in the bankruptcy.

Free Consultation with Bankruptcy Lawyer


Do you want to know whether you qualify for debt relief under the Bankruptcy Act? Would you like to know the costs and procedures of an Oklahoma bankruptcy? Call (918) 878-0010 for a free consultation with a Tulsa bankruptcy lawyer or (888) Debt-Line for an Oklahoma bankruptcy attorney handling bankruptcies statewide. Our attorneys have years of experience in Oklahoma bankruptcy law and in applying Oklahoma bankruptcy exemptions, so that Debt Line Law Office clients can keep their exempt property and still discharge unsecured debts through a Chapter 7 bankruptcy in Oklahoma. With a ten (10) minute, free phone consultation with one of Debt Line's Tulsa bankruptcy lawyers, you can know what you qualify for and the costs and procedures involved.

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