It’s normal for people to not run out and immediately file bankruptcy when financial issues first appear. However, when is the best time to file bankruptcy is a great question? This question is common, but the answer is unique to each circumstance. To get an idea of what might work for you, this article sets out some guiding principles on…
Unlike a Chapter 7, a Chapter 13 bankruptcy does not immediately wipe out all the debts that the court can. Instead, a Chapter 13 bankruptcy creates a plan for paying back a percentage, if not all, of what you owe your creditors. This is done by establishing your monthly income and your reasonable monthly expenses, including things like groceries, medicine,…
How much it costs to file bankruptcy has been increasing over the past few years. Across the county Bankruptcy Courts and bankruptcy lawyers are increasing the cost for filing bankruptcy cases. This is because the initial fee to file the case and the obligations of the lawyers filing the cases has been going up. Many Courts will justify this increase by…
There are lots of bankruptcy options available in Oklahoma. The more you know about bankruptcy the better you’ll be at considering bankruptcy options available to you. Declaring bankruptcy in Oklahoma will affect your credit report along with your finances and personal life. Your credit score is often a low during the time you were struggling to pay bills and leading…
Bankruptcy exemptions in Oklahoma will help you protect certain assets when you file chapter 7 bankruptcy. One of the biggest misconceptions about bankruptcy is that people who file are absolutely destitute. This is not the case. Often, debtors will have money in a checking or savings account. Perhaps even a significant amount of money exists in a retirement account or…
Most people are happy to find out that buying a home after bankruptcy is possible. If you have successfully eliminated your debt through bankruptcy, you probably feel ready to take on new financial challenges. While it may be too early to take the big step of purchasing a home, you still likely have questions. How long it will be and…
The cost of health care in the United States continues to grow every year. Unfortunately, most health insurance plans simply do not cover every medical expense you may incur. Most individuals incur medical expenses in the form of regular doctor visits and prescription medications. However, some people suffer from serious illnesses, injuries or other trauma that require a substantial amount…