Oklahoma Bankruptcy HelpCan Bankruptcy Stop Foreclosure in Oklahoma?

A common question people ask is, “can bankruptcy stop foreclosure in Oklahoma?” This is because many people choose to file bankruptcy when they are at risk of losing their homes.

However, before you take that step, make sure you understand whether or not bankruptcy is actually a solution. Consult with an experienced attorney if you have questions about the Tulsa, Oklahoma bankruptcy process.

Chapter 7 FAQ – Can Bankruptcy Stop Foreclosure in Oklahoma?

Chapter 7 bankruptcy will not stop foreclosure, but will delay it. This means you will have several months in between filing and foreclosure. During this time, you will not have to make payments. This will give you time to save money and prepare to move elsewhere.

Chapter 13 FAQ – Can Bankruptcy Stop Foreclosure in Oklahoma?

If you qualify for Chapter 13, “yes” could very well be the answer to the debate of can bankruptcy stop foreclosure in Oklahoma.

This is because Chapter 13 allows you to reorganize your debt and create debt repayment plans.

If a judge finds that you will be able to pay your mortgage after you’ve satisfied your other debts, then you may be able to stay in your home as a part of your bankruptcy.

Low-cost Foreclosure Analysis: Tulsa Bankruptcy Lawyer

To figure out if you can stop a foreclosure with bankruptcy, contact a Tulsa bankruptcy attorney at the Freedom Financial Bankruptcy Lawyers of Tulsa as soon as possible. We can determine whether you can keep your home as a part of your Oklahoma bankruptcy.

To receive your low-cost initial bankruptcy analysis, call the Freedom Financial Bankruptcy Lawyers of Tulsa today at (918) 786-9600.