When an individual debtor can no longer meet his or her financial obligations, he or she may seek protection through a bankruptcy proceeding in Oklahoma.
When an individual files for bankruptcy, he or she will usually file for either Chapter 7 or Chapter 13 bankruptcy.
Under a Chapter 7 bankruptcy, the debtor's nonexempt assets are liquidated and his or her debts are paid off. Debts remaining after all nonexempt assets are liquidated are usually discharged.
Under a Chapter 13 bankruptcy, the debtor is put on a court-ordered payment plan. Contact a bankruptcy attorney for legal advice on filing a Chapter 7 or Chapter 13 bankruptcy.
Board Certification in Consumer Bankruptcy Law - The American Board of Certification (ABC) is accredited by the ABA to certify attorneys as specialists in consumer bankruptcy law.
NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.
Lawyer Referral Service in Tulsa, Oklahoma - The Tulsa County Bar Association (TCBA) in Tulsa, Oklahoma, sponsors a Lawyer Referral Service (LRS) that helps individuals and businesses find an attorney throughout Tulsa County and thirteen other counties in northeast Oklahoma. In exchange for a $25.00 processing fee, the public service will refer you to two attorney who have agreed to provide you with a 30 minute consultation at no additional charge. During the consultation, you can discuss your case with one or both of the private attorneys. You can also discuss the attorney fees needed for additional representation.