Oklahoma Legal News

According to the new bankruptcy law passed in 2005 (Bankruptcy Abuse Prevention and Consumer Protection Act), anyone filing Chapter 7 or Chapter 13 bankruptcy must complete two courses prior to doing so: a Credit Counseling class and a Personal Financial Management/Debtor Education class. While the Credit Counseling class focuses on your existing debts, the Personal Financial Management class offers education about how to budget and responsibly manage your finances in the future. If you are struggling under a mountain of debt and you think filing for bankruptcy is right for you, consult our knowledgeable attorneys at Oklahoma Legal Center as soon as possible. Our team of experienced lawyers can inform you of all your bankruptcy options, and will work with you to determine what course of action is best for your individual financial situation.

Read More of - Classes You Must Take Before Filing For Bankruptcy in Oklahoma

Most people are afraid to file for bankruptcy because they assume that they will end up losing their car, their home and other highly valued possessions of theirs. However, if you file for bankruptcy in Oklahoma, the state's motor vehicle exemption can help you keep your car, truck or another automobile. In fact, with this exemption, you can protect $7,500 of vehicle equity when seeking bankruptcy protection, and $15,000 if you are married. Plus, with the help of our experienced attorneys at Oklahoma Legal Center, you may be able to protect even more car equity in some cases. If you are considering filing for bankruptcy in Oklahoma, your first course of action should be to contact a knowledgeable lawyer with experience filing Chapter 7 and Chapter 13 bankruptcies in the state. With our skilled attorneys on your side, you can work to keep your car when filing for bankruptcy.

Read More of - How to Keep Your Car When Filing for Bankruptcy in Oklahoma

One of the immediate benefits of filing for bankruptcy in Oklahoma is the "automatic stay," which immediately and effectively puts a stop to all collection activity against you. Here at Oklahoma Legal Center, we know how stressful and confusing it can be to find yourself struggling to pay your mortgage, car loans and other financial obligations, and nonstop calls and letters from creditors and collection agencies only makes overwhelming debt harder to deal with. If you are considering filing for bankruptcy in Oklahoma, it's important to be informed about every aspect of the process, including how the automatic stay works. For this reason and others, you should contact our knowledgeable attorneys at Oklahoma Legal Center as soon as possible for help navigating through the sometimes-complicated bankruptcy process.


Read More of - What Does the Bankruptcy Term “Automatic Stay” Mean for Me?

Overwhelming medical bills is one of the main reasons consumers in Oklahoma and across the United States consider filing for bankruptcy. Unfortunately, a common misconception is that medical bills are exempt from discharge in bankruptcy, which is incorrect in most cases. If you are struggling under a mountain of medical bills and you think bankruptcy can help, contact our experienced attorneys at Oklahoma Legal Center to discuss your legal options. You may be able to file Chapter 7 or Chapter 13 bankruptcy in order to discharge or reorganize your debt, and our lawyers can help you navigate the sometimes-complicated process of filing for bankruptcy in the state of Oklahoma.

Read More of - Can Bankruptcy Help Relieve My Medical Bills?

According to a recent ruling, Chapter 13 debtors who file bankruptcy petitions in courts governed by the 10th U.S. Circuit Court of Appeals are not required to include Supplemental Security Income (SSI) when calculating their "projected disposable income." The bankruptcy case in question involved a man who filed a Chapter 13 petition in March 2010 with the U.S. Bankruptcy Court for the District of Utah, which is governed by the 10th U.S. Circuit Court of Appeals. The same appeals court also governs federal courts in Oklahoma, Wyoming, Colorado, Kansas and New Mexico. If you are considering applying for bankruptcy protection in Oklahoma, contact our experienced bankruptcy attorneys at Oklahoma Legal Center today to protect your legal options and ensure that your case is handled appropriately.

Workplace accidents are a major cause of serious injuries and fatalities in Oklahoma, and each year, the Oklahoma Department of Labor and the Bureau of Labor Statistics bring attention to the issue of fatal occupational injuries, releasing a report of the deadliest jobs in Oklahoma. If you have been injured in an on-the-job accident in Oklahoma, or if you lost a loved one in a fatal work accident, contact our reputable workers' compensation attorneys at Oklahoma Legal Center to discuss your legal options. You may be entitled to medical or death benefits to cover the expenses related to the work accident, which you can pursue by filing a workers' compensation claim with your employer's insurance carrier. With our workers' comp lawyers on your side, you can focus your attention on dealing with the consequences of the OK work-related accident, while we work diligently to seek the compensation you deserve.

Struggling with overwhelming debt is devastating enough, but when you are sued because you owe a person or business money, a portion of your hard-earned money could end up being garnished to pay back that creditor, and that can be even worse. When someone gets a judgment against you, they will get a court order requiring your employer to pay 25% of your gross wages directly to the creditor, and this is what is known as wage garnishment. Unfortunately, there is little your employer can do at this point; he or she has to follow the court order and garnish your wages, or risk getting in trouble with the court. There is something you can do though – file for bankruptcy. If your wages are being garnished because you owe a creditor, bankruptcy could be a good option for you. Contact our bankruptcy attorneys at Oklahoma Legal Center today to discuss your legal options.

Read More of - Can Oklahoma Bankruptcy Prevent My Wages From Being Garnished?

One important factor to consider when filing for bankruptcy protection is whether the claims that creditors hold against you are secured or unsecured claims. According to the Bankruptcy Code, a claim is a "right to payment, whether or not such right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable or secured." In other words, a claim in terms of bankruptcy includes almost any right to payment that a creditor might have against a debtor. In a typical Oklahoma bankruptcy case, claims may include credit card debt, medical bills, car loans, mortgages, tax debts and more. If you think filing for bankruptcy in Oklahoma might be a good option for you, contact our experienced bankruptcy attorneys at Oklahoma Legal Center to discuss the specifics of Oklahoma bankruptcy protection and what steps you can take to improve your financial situation.

Read More of - What are Secured and Unsecured Claims in Bankruptcy?

If you have paid a considerable amount of money to a debt settlement company, but have received nothing in return, you are not alone. Far too many consumers in Oklahoma and across the United States fall victim to unscrupulous "debt settlement companies," who promise quick debt relief in their television and radio advertisements. In their ads, they claim that they can negotiate agreements with your creditors so that you only have to pay pennies on the dollar and your past-due balances are deemed paid in full. If the promises made by debt settlement companies in Oklahoma seem too good to be true, it's because they are. If you are struggling with overwhelming debt, contact our qualified bankruptcy attorneys at Oklahoma Legal Center to discuss how filing for bankruptcy can actually help relieve your debt.

Read More of - What You Should Know About Debt Settlement Companies

According to a new study conducted by the Institute for College Access and Success, the majority of college graduates finish their university education with some form of student loan debt, and the number of individuals taking on student loans in the United States is on the rise. The study, titled "Student Debt and the Class of 2011," was designed to provide tangible information involving the nature of student loan debt that college graduates face when they finish their education and attempt to enter the U.S. workforce. Studies like this one shed light on the issue of student loan debt and other types of overwhelming debt that Americans face on a daily basis. If you are struggling to pay off your student loans or other types of debt in Oklahoma, contact our reputable bankruptcy attorneys at Oklahoma Legal Center to explore your legal options. With the help of our bankruptcy lawyers, you can review your overall financial state of affairs, and take action to start fresh with a clean slate.