Approachable Bankruptcy, Estate Planning & Personal Injury Law Firm Serving Oklahoma Clients
At Matthew E. Riggin Bankruptcy Attorney at Law, we focus on several different areas of the law on behalf of our Oklahoma clients. In addition to bankruptcy, we offer legal services in matters of estate planning and real estate law.
Experienced Tulsa & Broken Arrow Bankruptcy Attorney Protecting the Rights of Debtors
Under the US Bankruptcy Code, individuals or families who find themselves regularly unable to pay their bills can seek debt relief by filing for bankruptcy. As soon as you file for bankruptcy, several things will happen. Collection agencies and creditors will no longer be allowed to call you or contact you, except through the bankruptcy court. If you’re under any wage garnishments or tax liens, filing for bankruptcy will temporarily halt them. This is also true of any foreclosure or repossession proceedings that may be underway.
Bankruptcy only allows you to wipe out “dischargeable debt,” including credit card bills, medical bills, past-due utility payments, and other unsecured loans. Student loans, alimony payments, fines associated with criminal convictions, taxes, and child support are considered to be “non-dischargeable” in all kinds of bankruptcy. Whether your dischargeable debt is wiped out sooner or later depends on what kind of bankruptcy you’re filing. In a Chapter 7 bankruptcy, this debt is erased after about four to six months, whereas in a Chapter 13 bankruptcy your dischargeable debt isn’t erased until you’ve completed the terms of a practical debt repayment plan over a three-to-five-year period. A Tulsa bankruptcy attorney can assist you with understanding the law in more detail as it pertains to your own situation, but knowing a little more general information about the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy may be helpful.
Creditors may also choose to settle rather than risk losing what they’re owed as a result of a bankruptcy filing. If settlement, loan modification, or another approach to dealing with your debt may be preferable, your bankruptcy attorney can help you explore these options. Either way, you’ll likely be on the track to a better financial reality than the one you’re in now.
Our firm assists families with creating wills, trusts, powers of attorney, advance health care directives, and other legal documents to safeguard their rights and interests, including establishing gun trusts on behalf of local gun owners. We also counsel personal representatives who may need advice about how they can discharge their probate duties effectively and affordably. We also assist our clients with estate administration matters such as probate.
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You owe it to yourself and your family to retain an attorney who will listen to you and work hard to resolve your case. Whether you need help with filing for bankruptcy, planning your estate, or finalizing a real estate transaction, Matthew E. Riggin Bankruptcy Attorney at Law is here for you.