Friendly & Compassionate Bankruptcy Attorney Serving Tulsa & Broken Arrow Clients
At Matthew E. Riggin Bankruptcy Attorney at Law, we understand that life often takes unscheduled detours. Job loss, foreclosure, illness, divorce — there are many reasons why you may be behind on your bills and looking for a solution. It is our job to ensure you know what your options are and how bankruptcy may be able to help you secure a fresh financial start. Though bankruptcy can seem like the end, we show you how it can help save your home, your car and other assets you’ve worked so hard to obtain.
You are right to be concerned, but know that you have legal options for debt relief available to you under state law, including filing for bankruptcy. We are aggressive about standing up for our Oklahoma clients and protecting their rights as debtors.
If you’re looking for a friendly bankruptcy attorney in Tulsa, Broken Arrow, or elsewhere in Oklahoma who will give you straightforward advice about whether or not you should file for bankruptcy, contact attorney Matthew E. Riggin today. We offer a free initial consultation to sit down with you and review your financial situation. You will get personalized advice about how to move you and your family forward!
The Benefits of Declaring Bankruptcy
As soon as you file for bankruptcy, several things happen:
- Creditors and collections agencies can no longer contact you personally
- Any wage garnishments or liens to which you are subject are temporarily stayed
- Any foreclosure or repossession proceedings underway are temporarily halted
Once the bankruptcy process is complete, of course, you can expect that any dischargeable debt will be erased. This includes debt such as medical bills, credit card bills, and past-due utility balances. Exactly how this happens depends on whether or not you are filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy, but in either case, you’ll be well-positioned to hit restart on your financial situation and get yourself and your family on the right track. Call a friendly bankruptcy attorney today to learn more about your rights as a debtor and what you can do to protect them.
Chapter 7 bankruptcy allows a debtor to sell some of their assets under the oversight of a court-appointed bankruptcy attorney in order to honor debts to creditors. However, much of the time no assets are subject to liquidation, either because the debtor owns nothing of value or because these assets can be protected, which is often the case, especially if the debtor is current on their payments to lenders.
In a Chapter 13 bankruptcy case, the debtor negotiates a restructuring of debt and a new, practical payment plan to creditors that permits them to make payments over a three-to-five-year period. At the end of this time, any remaining dischargeable debt is then wiped out. Filing for Chapter 13 bankruptcy usually allows debtors to retain ownership of their homes and vehicles even if they are several months behind on their payments.
An Aggressive Advocate for Debtors’ Rights During Bankruptcy Proceedings
No matter how you ended up in this situation, you don’t deserve to live in fear and uncertainty. People from all walks of life file for bankruptcy and doing so has absolutely no bearing on whether or not they are a good person. You can (and should) give yourself the gift of a debt-free life.