Stillwater Lawyer BlogCategory: Bankruptcy
Can Filing Bankruptcy in Stillwater Stop a Foreclosure?
In some cases, filing bankruptcy in Stillwater, Oklahoma can stop the bank from foreclosing on your home. The alarming rise in the rate of foreclosures across the nation has been a familiar topic in the news over the last several years. Many families who have never had any financial difficulties are now struggling to keep […]
How Chapter 7 Differs From Chapter 13 Bankruptcy
Federal and state bankruptcy laws provide Stillwater, Oklahoma consumers financial relief by receiving a total discharge of their unsecured, non-priority debt under Chapter 7 or by allowing them to restructure their debt payments under Chapter 13 bankruptcy. Bankruptcy in Stillwater There are two basic categories of bankruptcy proceedings: 1) Liquidation (Chapter 7) – under which […]
Do You Qualify For Chapter 7 Bankruptcy?
Chapter 7 bankruptcy, part of the federal bankruptcy system, was established to provide a means of financial relief to American consumers who find themselves burdened by unmanageable debt. Under Chapter 7, you receive a total discharge of your unsecured, non-priority debt. However, in order to qualify for Chapter 7, you must first meet certain statutory […]