For some, bankruptcy wipes away most, if not of all of their debt, providing them with a clean slate to work with. For others, bankruptcy allows for reorganization so that an individual and/or business is able to get a better handle on their debt. If you’re thinking about filing for bankruptcy and you live in Tulsa, OK, there are a few initial steps you should consider taking that can help prepare you for the process.
- Find yourself a good bankruptcy lawyer in Tulsa, OK.
One of the first things you should do if you are considering filing for bankruptcy in Oklahoma is schedule an initial consultation with a lawyer who practices in this particular field of law. Not only can a bankruptcy attorney explain to you what the typical process entails, but they can help you understand the different types of bankruptcies you can file for.
- Decide which type of bankruptcy is most suitable for you to file for.
After consulting with an attorney and learning about the different types of bankruptcies, you should be able to make an informed decision as to which type would be most beneficial for you to file for. Keep in mind that each type of bankruptcy carries certain eligibility requirements so this must be taken into account when deciding whether you should file for Chapter 7 bankruptcy or even Chapter 11.
If you need a refresher on the different types of bankruptcies, you can visit the United States Courts’ website as it provides some general information pertaining to filing for bankruptcy.
- Prepare yourself or your business for filing.
Once you are certain that filing for bankruptcy is the right choice for you, you are going to want to work with your Tulsa, OK bankruptcy attorney who will help you prepare for the process. Depending on the type of bankruptcy it is you file for, you may only be able to retain a certain amount in assets so it might behoove you to discuss with your lawyer when the best time would be to initiate the process. And once you are ready, your lawyer can prepare you for what is to come so you are able to get through the process with more ease.
Filing for bankruptcy is a big decision and one that should only be made after consulting with a Tulsa, OK bankruptcy lawyer. If you are ready to schedule an initial consultation with an experienced Tulsa, OK bankruptcy attorney, contact the Henson Law Firm, PLLC 918-551-8995.
The Henson Law Firm, PLLC is located at:
601 S. Boulder, Suite 600
Tulsa, OK 74119
*We are a debt relief law firm in Tulsa, Oklahoma.
*We help people file for bankruptcy relief under the Bankruptcy Code.