Central Oklahoma Bankruptcy Services

Chapter 7 Bankruptcy

Are you overwhelmed with debt?

Robin G. Talley has over 37 years of expertise practicing Bankruptcy Law. He can offer personalized solutions to help you regain financial stability. Chapter 7 bankruptcy can help you get a fresh start and discharge debt, avoid judgments, and protect you from collection actions. Call today for a free initial consultation.

Chapter 13 Bankruptcy

Filing Bankruptcy is a complex process and requires an understanding of legal procedures and financial laws.

Those who do not qualify for a Chapter 7 Bankruptcy due to income restrictions, may qualify for debt relief through a Chapter 13 Bankruptcy. Filing Chapter 13 will re-organize and consolidate debts. When filing a Chapter 13, a plan will be filed with the court to repay creditors allowing you to keep property. Chapter 13 is also used to stop home foreclosures and vehichle repossessions in situations where you are behind on payments, and allows you 36 to 60 months to repay the past due portion.

Ways Filing a Bankruptcy Petition can Help you:

Immediately Stop Foreclosure
Prevent\Reverse Repossessions
Prevent\Stop Wage Garnishment
End Creditor Harrasment
Remove Judgment Liens from Homestead

Means Test

The bankruptcy Means Test is a federal process that evaluates a person's ability to afford basic needs while filing for Chapter 7 bankruptcy. The test compares a person's income and expenses to the median costs for a household of similar size in their community. The goal is to determine if the person can repay their debts over time, rather than having the court discharge them. If you as an individual, or married couple, exceed the income limits, you maybe required to file for relief under Chapter 13, which is also a powerful tool for Debtors.

Credit Reports

For a small fee, my office has the ability to pull your credit reports from Experian, Trans Union, and Equifax into one master report providing comprehensive data with seamless intergration into our bankruptcy software. Merged data from the three credit-reporting bureaus and extensive background information ensures a complete view of your financial history in one report. This report will also provide your attorney information regarding prior bankruptcies, judgments, and liens search from Lexis-Nexis. Predictive post-bankruptcy credit scores based on CreditExperts statistical methods.

Documents Needed

A valid government issued photo identification card.
Copy of your Social Security Card, W-2, or 1099 showing your full social security number.
Last two years of your most recently filed federal and state tax returns.
Last six months of paystubs if employed.
Copy of your last benefits statement if you receive income from the Social Security Administration.
Last six months of bank statements.
Copy of vehicle titles and land deeds.
Other documents your attorney may require.