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
Can Bankruptcy Help Me Get My Driver’s License Back?
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
Basic Oklahoma Bankruptcy Advice
You can only file a Chapter 7 every 8 years plus 1 day from the previous filing. There are some time limits and restrictions on refiling a bankruptcy after a previous bankruptcy has been dismissed. If you are going to reaffirm and keep property with a mortgage or lien on it, unless we tell you otherwise, you must continue to … Read More
Court Appearances: Do I Have to Go To Court?
Everyone who files for bankruptcy has to attend a brief, informal meeting held in a hearing room, called the Meeting of Creditors. More information on this meeting is below. Before the meeting takes place, we will have told you all standard questions asked by the trustee. Our Attorney will attend this meeting with you. Meetings are run by the bankruptcy … Read More
Why Do I Need A Bankruptcy Attorney?
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
Launching the Oklahoma Bankruptcy Blog
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