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

General Federal Bankruptcy Information Sheet

by Paul R. Tom Basic Bankruptcy Information

BANKRUPTCY LAW IS A FEDERAL LAW. 
THIS SHEET GIVES YOU SOME GENERAL INFORMATION ABOUT WHAT 
HAPPENS IN A BANKRUPTCY CASE. THE INFORMATION HERE IS NOT COMPLETE. WHEN YOU FILE BANKRUPTCY: You can choose the kind of bankruptcy that best meets your needs: Chapter 7 – A trustee is appointed to take over your non-exempt property. Any non-exempt property of value will be sold or … 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

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