For most people filing for bankruptcy is a worst-case scenario. It means that they have gotten to a place where they can’t manage to pay back their debts and may even be at risk of losing their home, vehicle(s), and other valuable assets they have worked tirelessly to attain. Anyone in this position will understandably be scared and concerned about their financial future and their stability as an individual and as the head of their household. We understand and we sympathize with you, but we want to appease your worries and let you know that filing for bankruptcy does not have to be a solely negative outcome. With the help of an experienced and knowledgeable bankruptcy attorney in Tulsa, Oklahoma, the process can be much easier and beneficial than you had ever imagined.

Learning About Bankruptcy Chapters

Along with the general concerns you may have, we also understand that there may be some pressing questions regarding the bankruptcy filing process coursing through your mind. We know that one of the most frequently asked questions for first time filers has to do with the ways in which bankruptcy declaration can help them, what are the most commonly used bankruptcy chapters and what is the purpose behind each of them.

According to the National Foundation for Credit Counseling, “bankruptcy, handled in the federal courts, can help a person get rid of any debt they have or make a plan to repay it. [In the United States, there are six chapters of bankruptcy], 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.” As you may know, bankruptcy filing is not a one size fits all kind of approach. The specific type of bankruptcy chapter you end up filing will depend on your specific situation and what your attorney recommends is the best course of action for you.

The United States Department of Justice briefly outlines various bankruptcy chapters, including the two most frequently used, chapter 7 and chapter 13. According to them, “Chapter 7 is a bankruptcy liquidation proceeding available to consumers and businesses. Those assets of a debtor that are not exempt from creditors are collected and liquidated (reduced to money), and the proceeds are distributed to creditors.” Chapter 13, on the other hand, “often called wage-earner bankruptcy, is used primarily by individual consumers to reorganize their financial affairs under a repayment plan that must be completed within three or five years.” Whether you are interested in filing chapter 7, chapter 13 bankruptcy or any other kind, a bankruptcy attorney in Tulsa, Oklahoma at the Henson Law Firm can further explain the pros and cons to each and guide you through the filing process.

The Henson Law Firm, PLLC is located at:


601 S. Boulder, Suite 600

Tulsa, OK 74119

Phone: 918-551-8995



*We are a debt relief law firm in Tulsa, Oklahoma.


*We help people file for bankruptcy relief under the Bankruptcy Code.

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