Tulsa, Oklahoma Chapter 7 Bankruptcy LawyersEvery individual in need of debt relief services has different needs. At J. Scott McWilliams, P.C., our attorneys can help you find the best bankruptcy options for you and start you on the path to financial recovery today. Contact our Chapter 13 and Chapter 7 bankruptcy lawyers for experienced and confident legal advice on choosing the option that will work best for you. After a free initial consultation where our attorneys will review your last two pay stubs, two years of your tax returns, creditor information, titles to vehicles, deeds to land, and a copy of any lawsuits, we can begin working to protect your best interests. What is Chapter 7 Debt Relief?
Chapter 7 of the U.S. Bankruptcy Code is also commonly known as a “fresh start” bankruptcy because it allows an individual facing serious financial crisis to make just that—a fresh start. Filing for bankruptcy under Chapter 7 can stop creditors from harassing the filer with calls, lawsuits, wage garnishing, or the threat of taking away a person’s home or automobile. As soon as a petition is filed, bankruptcy laws invokes an “automatic stay” halting creditor activity. In order to qualify for a Chapter 7 bankruptcy, an individual must have little or no disposable income. In other words, if the amount you earn is approximately the same as your expenses for housing, car payments, food, utilities, insurance and other expenses, you may meet the necessary requirements for Chapter 7. This bankruptcy option allows a trustee to liquidate, or sell, any property that isn’t protected under state and federal law and distribute the proceeds to satisfy part of his or her debt. Often, Chapter 7 bankruptcy will also allow a debtor to discharge most debts, freeing the individual from repaying the debt. Some debts are not dischargeable though, including current (under 3 yrs old) tax debt, child or spousal support, and guaranteed student loans. Contact us Today
We are a debt relief agency that is proud to serve individuals and businesses in Tulsa, OK and the surrounding areas of Broken Arrow, Owasso, Jenks, Bartlesville, Okmulgee, Vinita, Miami, Pryor, and Muskogee. *Bankruptcy Disclosure Statement* The Bankruptcy Center of Tulsa J. Scott McWilliams, P.C.
1612 South Cincinnati
Tulsa, Oklahoma 74119
Phone: (918) 583—8197
Fax: (918) 592-0842
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