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Oklahoma Chapter 7 Bankruptcy

Oklahoma Chapter 7 bankruptcy is about starting over financially by wiping your financial situation clean. Bankruptcy, specifically Oklahoma Chapter 7, has become much more common as a last resort for many people who find themselves overloaded with debts and facing foreclosure, repossession, and legal action. Filing for Chapter 7 bankruptcy may cancel out many of these outstanding debts and prevent you from loosing your car, house, or other personal possessions.

After the court takes control of your property and protects you from creditors, your case is placed with bankruptcy trustee, who oversees the liquidation of some assets in order to reimburse as many creditors of secured debit as possible. Once creditors are compensated to the highest extent, the rest of your debt may be canceled out. This will allow you to start over your personal finances, without the burden of financial insecurity and overwhelming debt.

It is important to note that the United States Congress has recently made extensive changes to federal bankruptcy laws which affect the ability of people to file for bankruptcy. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 lays out specific steps that must be followed before bankruptcy is allowed.

Bankruptcy laws are intentionally confusing and complicated, for benefit and protection of creditors. An experienced Oklahoma bankruptcy attorney at Garrett Law Office will fight on your behalf to protect your property and assets within the power of the law. Contact us today using the form on your left or by calling us toll-free at 1 (866) 664-0400 for a FREE case review or to have your legal questions answered.

We can handle your potential legal case if you are in any of these Oklahoma cities. Even if your city is not listed you may still speak with one of our Oklahoma bankruptcy attorneys by filling out our contact form or calling us toll-free at 1 (866) 664-0400.

Ada, Afton, Altus, Alva, Anadarko, Ardmore, Atoka, Bartlesville, Blackwell, Broken Arrow, Catoosa, Chandler, Checotah, Chickasha, Claremore, Clinton, Del City, Duncan, Durant, Edmond, El Reno, Elk City, Enid, Erick, Frederick, Glenpool, Grove, Guthrie, Guymon, Henryetta, Idabel, Lawton, Locust Grove, Mcalester, Miami, Midwest City, Moore, Muskogee, Norman, Oklahoma City, Okmulgee, Owasso, Pauls Valley, Perry, Ponca City, Poteau, Pryor, Roland, Sallisaw, Sand Springs, Savanna, Shawnee, Stillwater, Stilwell, Stroud, Tahlequah, Tulsa, Vinita, Wagoner, Weatherford, Woodward, Yukon