Oklahoma City Bankruptcy Attorney: Filing for Bankruptcy

How does a debtor file for bankruptcy?

The first step to take if considering filing for bankruptcy is to consult with a bankruptcy attorney who can review your financials and evaluate your situation. Choosing to file for bankruptcy is a major decision. Mitchell | Hammond is an experienced bankruptcy law firm that has helped many clients with all steps of the bankruptcy process. To determine whether to seek debt relief through the court system or to pursue other alternative, an attorney can provide you with the valuable information you need so you can make the correct decision. For assistance with resolving debt problems, contact an Oklahoma City bankruptcy lawyer for legal representation. Our attorneys work closely with clients, are available to answer questions and always keep clients informed of their case progress.

Why hire an attorney to file a bankruptcy?

The client takes a bankruptcy Means Test, which indicates if he or she qualifies for bankruptcy or which type to pursue, chapter 7, chapter 13, or chapter 11. The laws allow protection of debtors from creditors through the bankruptcy courts and it is never a good idea to face the courts alone. It is important to have legal counsel for proper filing of the bankruptcy and meeting all requirements and court procedures in a timely manner. Upon the filing of a bankruptcy, all credit collection attempts must cease and this can allow sense of relief for the debtor. The attorney then deals with the creditors on a professional level during negotiations and all the while protecting the best interests and rights of the client.

Discharge of certain debts in a chapter 7 bankruptcy can include credit card debt, lines of credit, promissory notes, medical bills and others. Chapter 13 allows individuals who are high income earners a chance to catch up on payments while retaining real property and assets. Businesses may turn to chapter 11 to prevent an enterprise from closing or failing due to insolvency. When there is a lot at stake, it is reassuring to know that a proven attorney can help with the filing of a bankruptcy and assist with each step of the bankruptcy process. Make an appointment today for a consultation.

Contact an Oklahoma City b ankruptcy attorney for legal representation and assistance with filing for bankruptcy.