Oklahoma Bankruptcy Help5 Elements of Filing Bankruptcy in Oklahoma
Filing bankruptcy in Oklahoma can be scary, since it is often associated with financial failure and future uncertainty.
However, filing for bankruptcy in Oklahoma is often a chance to start over and an opportunity to make better financial decisions going forward.
If you are considering filing for either Chapter 7 or Chapter 13 bankruptcy in Tulsa, Oklahoma, there are a few key things you can do to ensure your bankruptcy is a success.
Be upfront with your attorney
The most important thing you can do while filing bankruptcy in Oklahoma is to be upfront with your attorney.
Your attorney can only help you if she has a complete picture of what is going on. No matter how experienced your attorney is, she cannot navigate the complexities of your case if she does not have a clear understanding of absolutely everything that is at all relevant.
Do not make judgment calls on what is relevant. Allow your attorney to make that determination for you, since she has a full understanding of the law and its implications in your specific case.
Fulfill your client obligations
The second you choose to hire an attorney, they will be in charge of filing your case. This includes ensuring they have all of the documents necessary to do the work for you.
However, there are still a number of things you have to do as a client to enable your Tulsa bankruptcy attorney to do her job. For example, you must provide your attorney with the paperwork she requests from you.
In addition, you must attend mandatory meetings while filing bankruptcy in Oklahoma. Credit counseling is also required.
Ultimately, a successful bankruptcy is a combination of legal know-how on the part of your attorney and some legwork for you as the client.
Be accurate with your financial information
Because the type of bankruptcy you can file and the terms of your bankruptcy agreement are determined by your financial information, it is imperative that you do not guess, estimate or round any figures.
If you are unsure of anything, wait until you are before putting the information on any form. Also, ensure you do not have any additional commas, zeros or periods in your numerical figures. There is a huge difference between $1000 and $10000.
Be willing to concede when filing bankruptcy in Oklahoma
During a bankruptcy, you will likely get most if not all of your eligible debt discharged. However, you may have to pay some of your debts at a lower rate than originally owed.
Being prepared for this reality can help your Oklahoma bankruptcy go a lot smoother.
Create a future financial plan
Once you complete bankruptcy, you will likely have to adhere to a strict financial plan. This means you will need to be prepared to live on a budget to ensure you are paying all of your bills on time.
You may want to visit a financial planner to create a five-year plan. This way, you live within your means and improve your credit score at the same time.
Low-cost Bankruptcy Planning: Tulsa Bankruptcy Lawyer
To get the best possible outcome in your bankruptcy case, you will need to set expectations for yourself and also understand your attorney’s expectations of you.
If you’re ready to file, contact a Tulsa bankruptcy attorney at the Freedom Financial Bankruptcy Lawyers of Tulsa as soon as possible.
To receive your low-cost initial bankruptcy analysis, call the Freedom Financial Bankruptcy Lawyers of Tulsa today at (918) 786-9600.
