At McBride & Associates, we can help you find the best bankruptcy options for you and start you on the path to financial recovery today.
- Do you have large credit card debt?
- Are you facing foreclosure on your home?
- Do you have a garnishment of your paycheck?
- Are your creditors harassing you?
- Are you having IRS problems?
- Is the repo man looking for your car?
- Is someone suing you?
- Do you owe large medical bills?
- Do you have any judgments against you?
We can help you with ALL of these problems and more!
What You Will Need To Get Started?
Nothing! Just give us a call at (405) 842-7626 and we’ll take it from there!
While you don’t need to bring anything to your first meeting with us, here are a few of the things you will eventually need:
- Pay Stubs for the last six months.
- List of your personal property.
- List of all debts.
- Vehicle titles.
- Bank statements for last three months.
- Copies of all loan agreements.
- Copy of deed to your home (and to all other real estate).
- Tax returns for the last two years.
Questions & Answers:
What is Chapter 7? Chapter 7 of the U.S. Bankruptcy Code is also commonly known as a “fresh start” bankruptcy because it allows someone facing serious a financial crisis to make just that—a fresh start.
Filing for bankruptcy under Chapter 7 can stop creditors from harassing you with calls, lawsuits, wage garnishing, or the threat of taking away your home or car. As soon as you file your petition bankruptcy law invokes an “automatic stay” halting creditor activity.
Bankruptcy law limits who may file Chapter 7 bankruptcy based upon a person’s “disposable income.” Don’t worry though, most people easily qualify to file. In most cases, if the amount you earn is approximately the same as your expenses for housing, car payments, food, utilities, insurance and other expenses, you likely meet the necessary requirements for Chapter 7.
Bankruptcy law will permit you to keep certain assets even though much or all of your debt simply goes away after your case is complete. Don’t assume you must give up everything to get out of your tough financial situation! The attorneys at McBride & Associates are experts at guiding you through the bankruptcy process and protecting as much of your estate as possible.
What is Chapter 13? Chapter 13 bankruptcy offers debt relief to people who do not qualify for Chapter 7 bankruptcy or those who are at risk of losing their home, car, or even their business.
Under a Chapter 13 you must pay back some of what you owe to your creditors You pay back only what you can afford (as determined by bankruptcy law) and, you may take 3-5 to do so. Upon completion of the Chapter13 plan, most leftover debt is “discharged.” In other words, your dischargeable debts simply go away and you get to keep your home, car, or other assets safe from foreclosure!
There are a number of advantages to Chapter 13 bankruptcy. But the process can be complicated and the advice of an experienced, knowledgeable attorney can help you determine what kind of repayment plan will work for you.
How Long Does it Take? Your Chapter 7 case is usually over in about 6 months. But remember, protection from your creditors starts immediately when we file your case and continues throughout!
What Will Happen to My Home and Car If I File Bankruptcy in Oklahoma? In most cases you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt.
Can I Own Anything After Bankruptcy? Yes. Many people believe they cannot own anything for a period of time after filing for bankruptcy. This is not true. You can keep your exempt r Yes. Many people believe they cannot own anything for a period of time after filing for bankruptcy. This is not true. You can keep your exempt property and anything you obtain after the bankruptcy is filed.
Will Bankruptcy Wipe Out All My Debts? Yes, with some exceptions. The underlying policy of bankruptcy law is that the honest debtor who cannot repay the debt should be given a fresh start.
How Often Can I File? You can file for Chapter 7 bankruptcy again after eight years has passed from the date of your last filing. A Chapter 13 bankruptcy can be filed at almost any time (complex exceptions apply).
Will I Have to Go to Court? In most bankruptcy cases, you only have to go to a proceeding called the “meeting of creditors” to meet with the bankruptcy trustee and any creditor who chooses to come. Rarely is it ever necessary to appear before a bankruptcy judge.
I’m Married, Can I File by Myself? Yes, but your spouse will still be liable for any joint debts. If you file together you will be able to double your exemptions and save on filing expenses.
Will Bankruptcy Stop Bill Collectors from Calling? Yes. A set of bankruptcy laws/rules known as the “Automatic Stay” prevents bill collectors from taking any action to collect debts. This a very powerful provision under federal law. Creditors face severe consequences if they ignore these rules.
Can I Get a Home or a Car Loan After Bankruptcy? Yes! There are several options available. Regardless of what some creditors may say, you can still get a home or car loan after your bankruptcy. There are actually numerous creditors (banks and lenders) that are actively helping people after they have filed bankruptcy. Terms and interests rates are sometimes not as favorable, but loans are still possible. It is important to take active measures to rebuild your credit. Visit with one of our attorneys regarding your many options.
How Do I Get Started? Give us a call today to schedule your no-cost, no-obligation initial consultation. Call us at (405) 842-7626.
*Remember, we cannot file your Petition in your case until all fees and costs are paid and all necessary information is submitted, and other requirements are met. We WILL open a file immediately and begin work on getting your problems solved right away!
