Oklahoma Bankruptcy HelpWhat Happens in Tulsa Bankruptcy Court?
Individuals as well as business owners file cases every day in Tulsa bankruptcy court, because they cannot pay their financial commitments as promised.
No matter what type of Oklahoma bankruptcy case you file, you will have to appear in the Tulsa bankruptcy court at least once.
But unless you have committed some type of crime such as lying about your assets or falsifying credit applications, your visits to bankruptcy court should be brief, limited, and uneventful — especially if you hire a Tulsa bankruptcy attorney to represent your best interests.
Visiting the Tulsa Bankruptcy Court
Some people mistakenly believe that if you hire a lawyer to handle your case, you do not ever have to visit the Tulsa bankruptcy court.
Depending on whether you filed a case as a business owner or an individual, you will have to at least attend a “meeting of creditors.” However, creditors rarely show up to such meetings unless they have evidence you lied to get an account or are hiding assets from Oklahoma bankruptcy officials.
FAQ: Chapter 7 Bankruptcy in Tulsa
Chapter 7 for both business and personal finances permanently eliminates most of your debts. Businesses always must hire an attorney to file an Oklahoma bankruptcy case.
If you are an unemployed debtor or work for someone else’s company, you have the option to file Chapter 7 without a Tulsa bankruptcy lawyer’s assistance.
However, you risk messing up your paperwork and having your case dismissed. You would then have to start over, which is a potentially costly and time-consuming process.
Tulsa Bankruptcy Court Protocols
Whenever you go to the Tulsa bankruptcy court for an official hearing or for paperwork reasons, you must go through a metal detector and show government-issued identification. This process protects you as well as those working in your local courthouse.
It is hard to estimate wait times even if you have a hearing scheduled. Sometimes judges run late so your 9 a.m. hearing could start closer to noon.
But most bankruptcy hearings go pretty smoothly; you usually just affirm that your paperwork is true and correct to the best of your knowledge.
Chapter 11 and Chapter 13 Information
Similar principles apply to the partial debt repayment plans offered for businesses in Chapter 11 and individuals in Chapter 13. However, you will probably need to attend court at least three or four times especially when a judge is reviewing the provisions of your proposed debt repayment plan.
Some of your creditors might show up and request that you pay more, though if your paperwork is properly handled this is a fairly rare occurrence.
Free Bankruptcy Planning: Tulsa Bankruptcy Lawyer
To get the best possible outcome in your bankruptcy case, you will need to set expectations for yourself and also understand your attorney’s expectations of you.
If you’re ready to file, contact a Tulsa bankruptcy attorney at the Freedom Financial Bankruptcy Lawyers of Tulsa as soon as possible.
To receive your free initial bankruptcy analysis, call the Freedom Financial Bankruptcy Lawyers of Tulsa today at 918-786-9600.
