Is My Retirement Money Protected?

by Paul R. Tom Basic Bankruptcy Information, Myths and FAQs

Most retirement plans are protected in bankruptcy. The Supreme Court has ruled that retirement plans that qualify under a federal law called ERISA are not property of the estate for bankruptcy purposes. This means that the bankruptcy trustee has to leave these assets alone. Most retirement plans qualify under ERISA, and even if they don’t, they may be protected under … Read More

Will My Employer Find Out? Will I Be Discriminated Against After Bankruptcy?

by Paul R. Tom Basic Bankruptcy Information, News, Updates, Law Changes

Your employer generally has no way of knowing that you have filed a Chapter 7 bankruptcy proceeding. The bankruptcy court will not contact your employer, nor will your attorney. Usually the only way that your employer may know that you filed bankruptcy is if your employer is also a creditor, or if your employer has received a garnishment on your … Read More

Can Bankruptcy Help Me Get My Driver’s License Back?

by Paul R. Tom Basic Bankruptcy Information

A driver’s license may be suspended if accidents or fines are not paid for. It can also be suspended because of damages from unintentional accidents and accidents caused by drunk drivers. Accidents caused by drunk drivers are usually not dischargeable in Chapter 7 bankruptcy, but other damages usually are. If your drivers license was suspended for failure to pay damages resulting … Read More

Starting The Bankruptcy Process

by Paul R. Tom Basic Bankruptcy Information, Myths and FAQs

Call LEGACY LAW CENTER at 918-743-2000 (Tulsa), 918-342-9188 (Claremore), or call toll free at 1-800-792-0929. The legal assistant will schedule a convenient appointment for you and ask you to bring in certain information and documents and you’ll meet with the Attorney for a free consultation. If you choose to go forward after consultation, you’ll pay the agreed upon fee and we will get … Read More

Why Do I Need A Bankruptcy Attorney?

by Paul R. Tom Basic Bankruptcy Information, Myths and FAQs

You have the right to represent yourself before the bankruptcy court. However, bankruptcy is a complicated procedure requiring attention to detail and knowledge of bankruptcy laws in order to achieve the best outcome. The laws are complex and subject to change. A single mistake can cause major legal and financial problems for you. A bankruptcy lawyer can advise and assist … Read More

When is a Chapter 13 Bankruptcy Preferable to a Chapter 7 Bankruptcy?

by Paul R. Tom Basic Bankruptcy Information, News, Updates, Law Changes

Chapter 13 is usually preferable to a Chapter 7 when you need or want to reorganize and repay your debts. Examples include preventing repossession of your car, foreclosure of your home, taxes, fines, restitution, student loans, and child support delinquencies, as well as getting your driver’s license back. When your home is set for foreclosure sale because you are behind … Read More

Launching the Oklahoma Bankruptcy Blog

by Paul R. Tom News, Updates, Law Changes

We know you have questions, and probably wonder whether you’re alone. You’re not. We promise you… after thousands of Oklahoma bankruptcy cases, we know the unexpected, the unplanned, the plain old unfortunate and a variety of other reasons and situations put good people in the position of needing to declare bankruptcy. The federal bankruptcy laws exist for just that reason: … Read More