Oklahoma Bankruptcy HelpBankruptcy Isn’t a Last Resort for Oklahomans: It’s a New Start
Bankruptcy can be a scary thing if you listen to those who focus on the negative impact of bankruptcy on your credit rating.
It is true that bankruptcy negatively affects your credit rating for 7 to 10 years after filing. However, if you are considering filing bankruptcy, your credit rating is likely already ruined.
Bankruptcy can be used to discharge debt that has become out of control and to protect those assets you have worked hard to obtain.
When to Consider Bankruptcy
So when should you consider filing for bankruptcy?
Here are some signs that you might need help:
- Your creditors are sung you over unpaid debts;
- You are in arrears on your mortgage;
- Your monthly bills are higher than your wages; or
- Your wages are being garnished by a bill collector.
These are all signed that you need help. Luckily, help is out there.
We have helped many of your Oklahoma neighbors regain their financial footing. We can help put an end to the harassing phone calls from creditors, protect your home, and help you regain peace of mind as you rebuild your financial foundations.
The U.S. bankruptcy code was enacted to provide people with a fresh financial start when their debts spin out of control. It is not the first intervention that you might think of to get a handle on your finances, but it isn’t a last resort either.
Types of Bankruptcy
Chapter 7 and Chapter 13 provides individuals with a way to regain their financial footing before they lose all of their assets. You don’t need to lose your home or all of your assets before seeking help. In fact, the earlier you seek help, the more options available to you.
The longer you wait, the more damage your debt does to your psyche and your pocketbook. Those who wait too long often undermine the fresh start that bankruptcy is meant to provide. The longer you wait, the less money you will likely have in the bank at the time you file.
People often delay filing because of a sense of stigma or shame at not being able to honor a debt. But the discharge of debt in bankruptcy is the core of the sense of having a fresh start. Once you file, the phone calls and letters stop — and all of a sudden, you can breathe again.
How We Can Help You
Our mission at Financial Freedom Bankruptcy Lawyers of Tulsa is to provide you the information and legal representation you need to climb out of debt and get back onto solid financial ground.
And with a discharge of your debt, you can often rebuild your credit rating much more quickly. When your debt exceeds your earnings and the value of disposable assets, it is time to consider how you could benefit from bankruptcy.
Every person’s financial situation is unique. So while bankruptcy tools are standardized, an experienced attorney can help guide you through the process so that you get the best possible debt relief for you.
Likewise, your Tulsa bankruptcy attorney can help you retain the assets that are important to you. You have worked hard for your home. You don’t want to lose it to debt.
Bankruptcy law and its forms are complicated, and mistakes will cost you. It is important to get the forms right the first time.
Your attorney can help you understand the process and what debts you will likely be required to pay, which debts are secured with collateral, and what property is exempt.
Because we have worked with so many clients, we know how to do the filings right and how to make the process efficient. Our goal is to make affordable debt relief in Tulsa available to anyone who needs to get out from under debt and back on top of their financial life.
Get out from under by calling for the help you need today. We are here to help.
Low-cost Bankruptcy Planning: Tulsa Bankruptcy Lawyer
To get the best possible outcome in your case, you will need to set expectations for yourself and also understand your attorney’s expectations of you.
To receive your low-cost initial bankruptcy analysis, call Financial Freedom Bankruptcy Lawyers of Tulsa today at 918-786-9600.
