Many people think that filing bankruptcy ruins their credit for life and is this horrible thing. Yet no client has ever called me afterward to ask why I didnt talk them out of it; in fact, they say, its one of the best decisions they ever made. If you qualify for Chapter 7 bankruptcy, which is dependent upon your income and household size, you can get out of all your credit card and medical debt, virtually everything except for student loans, child support, and back income taxes, if you even owe any of that. If you have had a home foreclosed upon or car repossessed that you were upside down and the creditor is coming after you for the balance, you can get out of that too and be debt free--have a clean slate. Ladies, if you are worried about giving up your Nissan Altima, well no, you can typically keep that if you continue to make your payments and still owe that debt as if you hadnt filed bankruptcy on it. Men, you can keep your homestead similar subject to the mortgage if you have one and if you wish. If you have any questions or wish to determine if you qualify, contact me at 918-230-5844 or visit me online at oklahomabankruptcyattorney.net
Posted on: Thu, 16 Oct 2014 04:08:04 +0000
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