When many people hear the word bankruptcy, they often think about the prospect of losing it all. That's not always the way things work out, though. While Chapter 7 bankruptcy does involve the liquidation of your assets to pay off your creditors, some property may be...
How Chapter 7 bankruptcy can get you through a tough spot
Despite your best efforts, you’re unable to bring any stability to your finances. And for that reason, Chapter 7 bankruptcy is starting to look like the best option. If you find yourself in a tough spot, it’s best to take immediate and decisive action. Chapter 7...
You can protect your home and land in an Oklahoma bankruptcy
Fears about the requirements to get rid of assets may be the number one reason why people put off filing for bankruptcy when it could help them. Chapter 7 bankruptcy can be an incredible tool for those whose income no longer allows them to manage their current level...
Bankruptcy and kids: Here’s what to know
One thing you knew might happen after your divorce was the risk of going through bankruptcy. Even though you have a good job, the financial stress of living on your own and raising your child has added up. You didn’t receive spousal support, and you’ve decided that...
Bankruptcy is an opportunity, not a punishment
Money problems are one of the biggest stressors in life. When Oklahoma residents, and almost everyone else, are financially stable, they may feel better able to handle the difficulties life may throw at them. Of course, financial troubles can start suddenly, and many...
Bankruptcy could help you start over after divorce
You were frustrated that you had to go through a divorce, but what made it worse was the debt that you ended up being left with. Your ex-spouse more or less walked away with no debt at all, while you found yourself in over your head with bills. If your divorce has...
Chapter 7 may be the last resort to get out of credit card debt
It can be so easy to simply charge purchases to a credit card, but that debt can quickly add up. Anyone can find themselves overwhelmed by it. If you feel buried in credit card debt and are unable to make payments and have tried everything but still can’t manage to...
Do not feel ashamed when facing money problems
Many people believe that the amount of money a person has, or his or her level of income, proves success. As a result, when individuals in Oklahoma or elsewhere begin to face financial struggles, they may easily see themselves as failures. However, money problems can...
A recession is close at hand
Bankruptcy filings may increase in the coming months and years, depending on how things play out. As the economy struggles, people may find their existing debt unaffordable and may have no other financial options. After all, financial experts are already warning that...
Should you choose bankruptcy before divorce?
You and your spouse have decided that you need a divorce. One of the major issues in your marriage is money, and you believe that your spouse just doesn’t know how to save. They spend everything they get, and they’ve often put you in difficult situations due to debt....