Oklahoma City Bankruptcy Lawyer

Help for Debtors

Mitchell | Hammond is dedicated to helping individuals and businesses facing financial difficulties with real solutions to their debt problems. Most people borrow money intending to pay it back and to keep up with timely monthly payments. A change in a household due to a loss of employment, reduced income, an expensive medical emergency, or a divorce are common contributing factors that can lead to an inability to remain current on bills and regular expenses. There are solutions available to debtors through government programs, bankruptcy and others to help those with overwhelming unmet financial obligations. If you are in need of assistance with debt problems, contact Oklahoma City bankruptcy attorney for legal assistance and guidance. With over 21 years in practice, the law firm has helped countless people with bankruptcy and other solutions.

About Bankruptcy

An attorney with the firm can evaluate the financial situation of the individual or business entity and then formulate a plan to alleviate some or all of the obligations. It is important to understand the different aspects of bankruptcy and other available solutions. For many, the constant credit collection actions only make an already stressful situation worse. Upon filing for a bankruptcy, the creditors must cease collection activities and for that, clients often favor the bankruptcy process. In addition to the protections offered by the bankruptcy courts, an individual has a chance to reorganize his or her debts or have them fully discharged while retaining real estate and other assets. There is a Bankruptcy Means Test that one would take and that would determine the appropriate type of bankruptcy to pursue. The different types of bankruptcies are as follows:

• Chapter 7 – Individuals have a chance for a fresh start and discharge certain debts
• Chapter 11 – Businesses can catch up on payments while continuing operations and can retain certain assets
• Chapter 13 – For those who do not qualify for Chapter 7, this allows a restructuring of debts and a chance to catch up on payments

We can represent clients and protect their best interests while negotiating with creditors. An important step following bankruptcy is legal advice that can help clients rebuild their credit and avoid debt problems in the future. The attorneys with our firm are well versed in all bankruptcy laws and we have the resources to help people achieve a goal of debt free living. Make an appointment today for a consultation.
Contact an Oklahoma City bankruptcy lawyerfor information about bankruptcy protection and real debt solutions made available to you.