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

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

Basic Oklahoma Bankruptcy Advice

by Paul R. Tom Basic Bankruptcy Information

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

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

How Much Does Bankruptcy Cost?

by Paul R. Tom Basic Bankruptcy Information

We want to give you a true and correct look at your costs for filing a Chapter 13 or Chapter 7 bankruptcy in Oklahoma. Be aware that many attorneys will advertise or quote you a low price, and then tell you that your costs will be higher because of “your specific situation” or because they don’t include court filing fees … 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