Chapter 13 bankruptcy is a way for you to restructure your finances by consolidating the debt, reducing the payment based upon your ability to pay, and partially repaying the debt over a period of 3 to 5 years. Upon completion of the repayment plan, your remaining debt is then wiped out.
Stop Foreclosure, Wage Garnishment, and Creditor Harassment
Filing Chapter 13 bankruptcy in Oklahoma City allows you to immediately stop foreclosure, repossession of your automobile, and wage garnishments. The bankruptcy automatic stay under chapter 13 immediately stops all collections (similar to a restraining order) by all your creditors, including home foreclosure, repossessions, and wage garnishments.
Who Qualifies For Chapter 13 Bankruptcy in Oklahoma City?
If you have a source of reasonably steady income, then you can qualify for chapter 13 bankruptcy. The main requirement for chapter 13 bankruptcy is that you must have sufficient income to pay for your basic needs, like food, rent or mortgage, and living expenses and still have sufficient income to make payments according to a court-approved payment plan. An experienced Oklahoma City chapter 13 bankruptcy lawyer with Sansone Howell can help you determine if you should file a chapter 7 or chapter 13 bankruptcy.
Save Your Car & Eliminate Negative Equity
If you owe more on your home or car than its current value (negative equity), we can help you eliminate the negative equity! Chapter 13 bankruptcy provides significant tools to deal with property that is upside down. Our experienced chapter 13 bankruptcy lawyers can evaluate your situation and determine if you qualify, so schedule a free evaluation today!
What Does It Cost?
We will file your Oklahoma City chapter 13 bankruptcy for as little as $335.00 down! Call us at (405) 455-1032 to schedule your free bankruptcy consultation with one of our Oklahoma Chapter 13 Bankruptcy Attorneys today to learn how bankruptcy can get you back on top of your financial situation.