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Tulsa Bankruptcy Attorney Blog Debt

  • What To Expect During Chapter 13 Bankruptcy in Oklahoma

    Chapter 13 is basically a debt repayment plan approved by a federal bankruptcy court and administered by a court-appointed bankruptcy trustee. Each bankruptcy case is different, but the following information is a general summary of what you can expect under Chapter 13 bankruptcy in Oklahoma: The Automatic Stay After you file your bankruptcy petition, your […]

  • Limitations of Filing Bankruptcy For Debt Relief

    Federal bankruptcy law allows debtors to discharge certain debts in order to receive a fresh financial start. There are, however, limitations to what an individual can do under federal bankruptcy laws. This article discusses a few of the main limitations of filing bankruptcy for debt relief. Non-dischargeable Debts Federal bankruptcy law only allows you to […]

  • Is It Possible To Discharge Student Loans Through Bankruptcy?

    There are few common questions individuals and families ask regarding the discharge of student loans through bankruptcy: Can I file bankruptcy on my student loans? Are private student loans dischargeable? Are federal student loans dischargeable? The answer to each of these questions is yes, but only under certain conditions. Read on to learn the conditions […]

  • Seven Chapter 7 Bankruptcy Mistakes to Avoid

    When filing bankruptcy, certain mistakes may jeopardize your ability to eliminate all or most of your debt. In some cases, these mistakes may even deprive you of the chance to receive any discharge at all. An experienced bankruptcy attorney can help protect your interests throughout the bankruptcy process and help you avoid these seven common Chapter […]

  • New Bankruptcy Law Could Affect Students in Oklahoma

    Like most Americans, Oklahomans often equate the pursuit of higher education to the pursuit of a better life for themselves and their families. But recently, the cost of higher education, which rose 15% between the years 2008 and 2010, has become a huge problem for many, and the words “higher education” have become synonymous with […]

  • The Ups and Downs of Reaffirmation

    Most people when filing bankruptcy have some debt secured by assets that they would like to keep.  For instance, they might have a house with a mortgage or a car with a car payment.   In these circumstances (assuming there is a bankruptcy exemption to cover the assets, which there normally is) the chapter 7 filer […]

  • I’ve Been Sued: What do I do?

    A common question I get from clients at the Debt Line Law Office, is, “What should I do about that Petition I was just served with from a creditor.”   Below is the general outline of the advice I give. The Summons will tell you the time that you have to file an Answer or […]

  • If It Starts To Hurt, Convert

    I had a client come in today wondering what the chances are for her to convert her Chapter 13 to a Chapter 7 bankruptcy.  She started into her 5 year Chapter 13 plan about a year ago and she is going to retire soon and won’t have the same income as she did before. Section […]

  • Quick Rules for Categorizing your Debts

    There are many difficult things about bankruptcy.  Categorizing your debts should not be one of them.  Here are some quick rules of thumb in knowing just what category your debts fit into.  The three categories for debt are Secured debt, Unsecured debt and Priority debt. Secured debt consists of any debt to which there is collateral […]

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Top 7 Misspellings
of Bankruptcy

Bankrupcy (4.5%)
Bankruptsy (1.5%)
Bankrupsy (1.2%)
Bankrupty (.8%)
Bancruptcy (.4%)
Bankrutcy (.3%)
Bankrupcty (.2%)



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