Oklahomans who have fallen on hard economic times — who find they have little or no money left after paying basic expenses (if they can meet those expenses) — may qualify for Chapter 7 bankruptcy protection. If unsecured debts like medical bills are putting you "underwater," we urge you to speak with us today about filing for Chapter 7 bankruptcy.
The Chapter 7 bankruptcy process is quick and efficient. Unsecured debts may be completely discharged in a matter of months. Chapter 7 bankruptcy, however, may involve the liquidation of assets (unlike Chapter 13 bankruptcy, which may allow you to retain equity in an asset). Filing under Chapter 7 usually is not preferable for those with significant equity or wealth.
A debtor must qualify under a means test and complete a pre-filing session with a credit counselor. Chapter 7 bankruptcy may involve a liquidation sale of secured debts and assets. Oklahoma law provides certain exemptions from this liquidation process, including but not limited to:
At the Dan Davis Law Firm, we understand the difficulty you and your family are going through. Don't wait to find out if you will be treated fairly in your Chapter 7 bankruptcy filing. Contact our offices today by calling (405) 235-4000. Put our experienced legal professionals on your side to pursue the full compensation you are owed. The initial consultation is free.
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