If you're living in the Tulsa area and contemplating a Chapter 7 or Chapter 13 Bankruptcy you should contact Tulsa Bankruptcy Lawyers.

Tulsa Bankruptcy Lawyers

Declaring bankruptcy is a serious matter and should not be entered into without doing your best to fully understand the ramifications of such an undertaking. There are some very positive benefits as well as some negative ones to consider.

It is a good idea to present the facts of your potential case to a Tulsa Bankruptcy Lawyer. He or she will be your best source of information and will guide you through the process of making this important decision. If you decide to file, your Tulsa Bankruptcy Attorney will help you decide if a Chapter 7 or a Chapter 13 filing would be best for you.

Tulsa Bankruptcy Lawyers

THIS MONTH'S FEATURED LAW FIRM

Heroux & Helton PLLC

Heroux & Helton PLLCHeroux & Helton PLLC
6450 S. Lewis Ave., Suite 115
Tulsa, OK 74136

(918) 582-3822

At Heroux & Helton we provide our clients with the high-quality legal representation they expect and the accessibility and responsiveness they deserve. Our law firm has the experience, skill, dedication and technology to get results our clients deserve.

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The Decision to File for Bankruptcy

Before a bankruptcy case can be filed, the debtor must decide if this is the best way for dealing with his or her financial problems. A Tulsa Bankruptcy Lawyer's analysis will include other possible avenues of dealing with your situation.

The National Association of Consumer Bankruptcy Attorneys lists 5 steps you should take before deciding if a Bankruptcy filing is for you.

  • Learn the Advantages and the Disadvantage of Bankruptcy – Benefits include a discharge of most debts and an automatic stay against creditors. The negative in particular is the possibility of losing property and the negative affect it will have on your credit rating.

  • Determine Whether Bankruptcy Will Get rid of Your Debts – Certain debts cannot be discharged in bankruptcy. Debts which can't be eliminated include taxes, alimony, child support and student loans.

  • Do a Budget Analysis – It will help you determine if you will be able to pay your bills after bankruptcy or whether your problems will continue.

  • Consider Alternatives to Bankruptcy – Bankruptcy is only one method of dealing with overwhelming debt. There are other steps you can take to reduce your debt that don't include filing for bankruptcy.

  • Finding a Good Bankruptcy Lawyer – Picking the right bankruptcy attorney for you can appear daunting. The best advice is to select one who is trained and very experienced handling both Chapter 7 and Chapter 13 cases, and one with which you feel very comfortable.