Oklahoma Bankruptcy HelpWhy You Should Seek Help with Your Tulsa Bankruptcy Forms
Bankruptcy is a type of relief given to individuals and businesses when debt becomes overwhelming. This can happen for any number of reasons: A job loss, unexpected medical bills, accumulated credit card debt. In all of these cases, the information you put onto the bankruptcy forms to petition the court for relief will dictate, in large part, whether relief will be granted to you.
Getting help with your Tulsa bankruptcy forms could mean the difference between having your debts discharged and not.
Bankruptcy Forms More Complicated Than You Think
A petition for bankruptcy consists of the petition itself, a number of schedules and other forms as well. In some ways, it is as difficult to fill out as your taxes are.
Whether you are filing for complete discharge under Chapter 7 or a reorganization of your debt under Chapter 13, you will need to fill out the forms completely and accurately so that you can give the court a clear picture of your assets and liabilities.
Some of the schedules you may be required to fill out include:
- Schedules A or B: listing all property,
- Schedule C: listing all property you claim as exempt,
- Schedules E or F: listing all creditors with unsecured claims.
All of these schedules require some legal understanding of what constitutes exempt property and what an unsecured claim is.
In addition, there are issues that require some legal understanding. If you fail to list a creditor, you could face a denial of relief in a Chapter 7 case. In a Chapter 13 case, the court may dismiss your action and ask that you refile it with the additional creditor listed.
Complications Such as Your Car and House
If you are considering bankruptcy, you may want to be able to keep your secured and leased property. As part of the petition process, you must file a statement of intention regarding these types of properties. You can keep them or return them back to the creditor.
You will need to understand the ramifications of the decisions you make and how to go about ensuring that you can keep that property that you wish to keep. Legal terms such as “reaffirm the debt” and “redeem the property” are important to understand when making decisions about big-ticket items such as your house or car.
The decisions that you make during this process will have an effect on your finances for years to come. You want to get it done right the first time. Hire an experienced Tulsa bankruptcy attorney to help you get it right. We can guide you every step of the way.
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.
Tags: bankruptcy forms in Tulsa Oklahoma, filing for bankruptcy in Oklahoma, Tulsa Oklahoma bankruptcy attorneys
