The 2005 Amendments to the Bankruptcy Code changed a lot about the way bankruptcy is practiced today. I know several lawyers who stopped doing bankruptcies because of the code. The Code arguably makes it more difficult for consumers to seek the relief they’re after, while protecting creditors with special provisions.
If you’re thinking about bankruptcy, here’s [...]
A blog about legal issues facing Oklahomans
Tag Archive: Oklahoma Bankruptcy Laws
Bankruptcy Qualifications
If you’re considering bankruptcy, please check out this post regarding your options.
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Bankruptcy Primer
I found this great blog post by Susan Robiscek, a North Carolina Bankruptcy attorney that discusses the various chapters. It’s a short piece on the 5 chapters of bankruptcy, and their uses.
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Bankruptcy Exemptions
I love Oklahoma’s favorable bankruptcy protections. Generally, you’re not going to have too much money remaining when you file bankruptcy. In most instances, chapter 7 filers have too much debt, and too little income, that’s why they’re not paying their bills. Chapter 7 is the "liquidation" chapter, meaning you can get rid of all your [...]