Is Bankruptcy Right for Me?

Oklahoma City Bankruptcy Attorney

Filing for bankruptcy is a serious decision, and should be made only after fully understanding both the benefits of bankruptcy and how it will affect all your future issues, including your credit, life after bankruptcy, and what debts you could hope to have discharged in the process. An Oklahoma City bankruptcy lawyer from Mitchell | Hammond, has over 20 years of experience in bankruptcy law, and can advise you about the impact of bankruptcy on your finances and future.

Our lead attorney is a former Chapter 7 Trustee and has successfully administered over 13,000 cases. As a frequent speaker and author, there are few law firms that offer the degree of experience that we do at our firm. Whether a business owner, individual or family, we can help you come to a decision that will benefit you the best with regard to your financial problems. Business owners could get the financial relief they need through filing chapter 11, and understanding the process and what the outcome will be when it is completed should be fully understood, and we can help.

Filing for Bankruptcy in Oklahoma City

There are thousands of hardworking and responsible people in Oklahoma City that face serious financial problems in the current economic downturn. Job loss, divorce, medical emergencies and mortgage problems can put individuals and families under extreme financial stress. When there seems that there is no hope of resolution, bankruptcy, either chapter 7 or chapter 13, could be the solution that you need to finally get your financial problems resolved. Those individuals and families that have little hope of actually paying off their outstanding bills and obligations are likely good candidates for chapter 7, in which most of your consumer debt will be discharged. If you have crushing debt such as credit card bills, medical bills and others, you can get the relief you need by filing chapter 7. Our firm can help you determine if you qualify for this form of bankruptcy.

Those that have a steady paycheck, whether as an employee or if self-employed may choose to file chapter 13. This form of bankruptcy will allow you to resolve your overdue obligations through paying them off over a 3 - 5 year period, in one affordable payment. This could be the right choice if you hope to keep your home or other property, or make too much money to qualify for chapter 7.

We are prepared to advise you about every aspect of bankruptcy, both its benefits and the challenges it could pose for you with regard to your future credit or assets . In many cases, filing bankruptcy harms your credit much less severely than a foreclosure, and discussing your personal financial situation with us to help you come to a decision is important. Get true information from our trusted firm, based upon your personal situation. We are here to help you get your debt problems resolved, and will seek out the best possible solution for your individual situation. It could be bankruptcy filing, or there may be other options that would work better for you.

Contact an Oklahoma City bankruptcy lawyer from our firm to determine if bankruptcy is right for you.