Filing Bankruptcy in Oklahoma

Bankruptcy In A Nutshell

Bankruptcy helps people get out of debt, it is as simple and as complicated as that. There are two types of bankruptcy most people file for, they are known as chapter seven and chapter thirteen. This article will deal with filing chapter seven bankruptcy as chapter thirteen is different enough to need its own article.

To Use A Lawyer Or Not To Use A Lawyer That Is The Question

If a person has the ability to type, do some research, and the time to fill out the necessary documents themselves a lawyer may not be needed for that particular bankruptcy case. All of the documents needed to file for bankruptcy are available free online at the American bankruptcy court websites, and those specifically for Oklahoma are sorted by northern, eastern and western districts.

If there is property involved, back child support, student loans a person wishes to have removed from their credit and other special circumstances, a person may want to at least consult a lawyer before filing the paperwork themselves.

Alternates To Lawyers

As an alternative to finding all the documents one's self, there are online typing services that will have forms available, all one need do is give the site some information and the typing service inputs it to the proper form. As another alternative some companies sell a software containing the forms, a person would need to fill out the forms in the proper places, then simply print, and mail the forms to their local bankruptcy court.

The 341 Meeting

This can be the most intimidating part of the bankruptcy process. This is because this 341 meeting, also known as the meeting of the creditors, give the creditors a chance to dispute the discharge debtor's (the person filing the bankruptcy) debt to their company. Most information about the meeting says only this.