An “Aha” Moment About Bankruptcy in Tulsa, Oklahoma

Who hasn’t heard about bankruptcy truncating any hopes of a stable and prosperous financial future? Bankruptcy has had a negative stigma attached to it for a long time. Given that the process is designed to lend a helping hand to people who have, due to crises or unforeseen circumstances, been faced with considerable debt, a society like ours that often values wealth and financial prosperity above all has condemned those who seek some relief despite how much they need it. What’s truly important is that everyone seeks out the opportunities and resources that are best for them despite the whispers and criticisms of others. This is why if you are thinking about filing for bankruptcy in Tulsa, Oklahoma and truly believe this might be the right choice for you, you should contact “Attorneys Near Me.” Leave it to them to tell you what’s the best approach for you, but don’t relinquish the chance of financial relief at once.

Bankruptcy: It Isn’t All That’s Cracked Up to Be

Usually when people say something isn’t all that it’s cracked up to be, they are referring to something with a good reputation, recipient of praise, that ultimately turned out not to be all that great. With the bankruptcy process, this is the opposite. Even if you’re not all that in tune with the financial world, you’ve most likely heard people disparaging the bankruptcy process and those who choose to file, however according to Upsolve “it’s not bad to file for bankruptcy if that’s the best form of debt relief for you. Bankruptcy has many upsides that aren’t well known: It gives you a fresh start financially and wipes out unsecured debts you may not be able to pay off in your lifetime. It also relieves you of the stress of dealing with lenders and debt collectors. While it may hurt your credit in the short run, so does missing debt payments and using all your available credit. With a little effort and attention, you can rebuild your credit pretty quickly.” 

Options, Options, Options: Many Are Available for Bankruptcy Filers

Different people, different problems, different solutions. For solutions to be truly effective, they must be suited to fit the needs of many and not just the few. This is why according to the National Foundation for Credit Counseling, “there are six chapters of bankruptcy in the United States, Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13 and Chapter 15, with Chapter 7 and Chapter 13 bankruptcy being the most common forms filed. Chapter 7 provides liquidation of an individual’s property and then distributes it to creditors. Individuals are allowed to keep “exempt property.”” While “in chapter 13 bankruptcy, or a “wage earner plan”, an individual that has regular income is allowed to develop a plan to pay back parts, or all, of their debts.” If you or someone you know is remotely considering bankruptcy declaration, we suggest meeting with a seasoned bankruptcy attorney in Tulsa, Oklahoma at the Henson Law Firm. For any legal questions or concerns, you can always call us at 800-672-3103. 

The Henson Law Firm, PLLC is located at:

601 S. Boulder, Suite 600

Tulsa, OK 74119

Phone: 918-551-8995

Website: www.myoklahomadefenselawyer.com