Ardmore Chapter 7 Lawyer Joe B. Lawter

FREE CHAPTER 7 CONSULTATION - CALL 405-321-0760

If you are overwhelmed by debt, our bankruptcy attorneys are here to help. Contact us today online or by telephone today to schedule a free debt relief consultation with an experienced bankruptcy attorney. We hold regular office hours.

We help people who are struggling with debt. Our attorneys have extensive experience handling Chapter 7 and Chapter 13 bankruptcy cases for clients throughout Oklahoma.

CHAPTER 7

When you file for Chapter 7 bankruptcy all collection efforts by creditors most stop under federal bankruptcy law. What this means is that creditors must stop garnishment on your paycheck, foreclosures and repossessions.

The principal theory of Chapter 7 is that it provides a “fresh start” to debtors. Under Chapter 7 bankruptcy, the court appoints a trustee to examine the debtor’s assets and determine whether there is any non-exempt property to sell and pay creditors. In most consumer cases, the debtor’s assets are protected and will not be lost in bankruptcy. A debtor’s interest in his home, motor vehicle, household goods, life insurance, and other personal property are protected under Oklahoma law.

Bankruptcy is a safety net when you are at the end of your rope. The Chapter 7 discharge provides a second chance and a new beginning free of creditor harassment. If you are burdened with debt, consult with an experienced bankruptcy attorney and discover how a fresh start under the law can help you.
In order to be eligible to file for Chapter 7, you must meet all of the following criteria:

1. You must have received credit counseling within the six months prior to filing for Chapter 7.
2. You cannot have received a Chapter 7 bankruptcy discharge within the past eight years or a Chapter 13 discharge within the past six years.
3. You must pass the Chapter 7 bankruptcy Means Test. You qualify for Chapter 7 bankruptcy if your income is less than median income for a family of your size in your state.
4. You cannot have had a prior bankruptcy petition dismissed within the past six months on account of failure to appear before the court or failure to follow court orders.

Chapter 7 is a fresh start and a new beginning for a sound financial future.

When you file for Chapter 7, an automatic stay is placed on your debts. This means that your creditors must stop collection activity, including liens, and attempts to foreclose and repossess your property.