Finding The Best Oklahoma Bankruptcy Attorney For You

Tulsa Oklahoma Bankruptcy Attorney Discuss’s What to Look for in a Bankruptcy Lawyer

Chapter 7 Bankruptcy Attorneys in Tulsa

Selecting your Tulsa Oklahoma bankruptcy attorney is an important task that can make a significant difference in the success of your bankruptcy case. You will spend considerable time working with your bankruptcy attorney, particularly if you see a Chapter 13 bankruptcy, and need to find someone you trust. A big part of finding the right attorney is first knowing what to look for. With this in mind, the following is a guide to finding the right Tulsa Oklahoma bankruptcy attorney:

Before Scheduling the Appointment

Whether you elect to search online, pour over the yellow pages, call attorneys referred to you by friends, or obtain names from the Oklahoma bar association referral service, here are some things to look for in an attorney:

Experienced Tulsa Oklahoma Bankruptcy Attorney

You should look for an experienced bankruptcy attorney. Years of experience are not the only, nor necessarily the best, indicator of this. Ask your potential attorney how many bankruptcy cases he or she has handled and what types. If your attorney has completed almost exclusively Chapter 7 cases and not Chapter 13, he or she may not be right for you. On the other hand, if the attorney performs mostly Chapter 13 bankruptcies and few Chapter 7 cases this could also be a red flag. You do not want to be pushed in the direction of one type of bankruptcy over the other. You need a fair and honest assessment of your finances and a reasoned opinion as to which type of bankruptcy will most benefit you based upon this assessment.

Competence

It can be difficult to determine competence. An attorney can perform many bankruptcy cases, but not do a great job on any. On the other hand, an attorney can be fresh out of law school without much experience, but with significant mentoring and knowledge, and be extremely competent. One of the best ways to judge competence is asking for referrals from former clients as these clients have seen the attorney at work and can provide an accurate opinion as to the attorney’s skill in the field.

Reasonable Fees

Find out what the attorney will charge to take a Chapter 7 or Chapter 13 case early on. Cheaper is not necessarily better. You do not want an attorney that handles mass cases and will not offer individualized attention. At the same time, the highest fees do not necessarily correlate to the best representation.

The First Meeting with Your Tulsa Oklahoma Bankruptcy Attorney

During the first consultation, there are several things you should assess:

Availability

You should get a feel for how available the attorney is before retaining his or her firm. Ask the attorney how often he or she is there to take client calls or how quickly communication is returned.

Communication with Your Bankruptcy Attorney

Ask your potential attorney how he or she communicates with clients. Is it through email, phone, or otherwise? How often does the attorney generally get in touch with the client?

Personality

You need to feel comfortable with your attorney. Determine whether your personalities are a match and you want to work for a significant amount of time with the attorney

South Tulsa Bankruptcy Lawyers: Experienced Tulsa Oklahoma Bankruptcy Attorney

If you are in significant debt, struggling to pay your bills, dodging creditor phone calls, or facing foreclosure, bankruptcy might be the right method for emerging from your debt to a fresh financial future. Bankruptcy is a serious decision, but one that offers significant relief for many individuals struggling with unmanageable debt. At South Tulsa Bankruptcy Law Office, our Tulsa Bankruptcy Attorneys offer experienced, compassionate representation to our clients who seek Chapter 7 or Chapter 13 bankruptcy. We will evaluate your financial picture to determine whether bankruptcy is the right answer for you. Call the bankruptcy attorneys at South Tulsa Bankruptcy Lawyers today at 918-739-8984 to schedule your free consultation.

Finding The Best Oklahoma Bankruptcy Attorney For You

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Tulsa Oklahoma Foreclosure and Bankruptcy Attorneys

Tulsa Bankruptcy Attorneys Explore Foreclosure

Bankruptcy Lawyers in Tulsa Oklahoma

Falling behind on your mortgage payments then receiving notice of an impending foreclosure is one of the most frightening things anyone can experience.  For many families, their home is a loved sanctuary and losing it would be devastating.  Some families have considerable equity in their homes and do not want to lose this.  Foreclosure is one of the main reasons people file for Chapter 13 bankruptcy.  When loan modifications fail and short sales are not the right answer, a Chapter 13 bankruptcy will generally succeed.  In a Chapter 13 bankruptcy, your lender will be forced to accept late mortgage payments that will be included in the three to five year repayment plan that you create and the court approves.  Once you have completed the repayment plan, your lender cannot re-initiate the foreclosure action.  In short, you can save your home from foreclosure through Chapter 13 bankruptcy. Call our Tulsa Oklahoma Foreclosure and bankruptcy attorneys for a free consultation.

How Chapter 13 Bankruptcy Stops Tulsa Foreclosure

When you file for Chapter 13 bankruptcy, you will benefit from a federal law that prevents creditors from continuing any collection efforts.  This includes the continuation of foreclosure proceedings.  Accordingly, if your home is set to be foreclosed on Wednesday and you file on Tuesday, the foreclosure would not proceed.  This halting action is specified in Section 362 of the U.S. Bankruptcy Code.  If you are facing foreclosure, consult with a bankruptcy attorney to find out more information on halting the proceedings with Chapter 13.

How Chapter 13 Bankruptcy Can Save Your Tulsa Home from Foreclosure

There is a common misconception among most people that you will lose your home if you declare bankruptcy.  In Chapter 7 bankruptcy, this statement is often accurate.  If you default on your mortgage and file for Chapter 7 bankruptcy, while the foreclosure will initially be halted, it will generally be able to continue.  This is because Chapter 7 bankruptcy does not provide debtors with a chance to repay their mortgage arrears.  After a Chapter 7 bankruptcy is completed, the mortgage will still be in default and the lender will still be able to look to the secured asset, the home, for repayment.

In a Chapter 13 bankruptcy, however, debtors are able to repay their mortgage arrears in a three to five year repayment plan.  The repayment plan is developed by the debtor and his or her attorney, then approved by the creditors and the court.  After the mortgage holder receives the late mortgage payments through the three to five year repayment plan, the debtor is no longer in default of the mortgage and the lender cannot re-initiate foreclosure proceedings.  The debtor can continue paying off the mortgage as scheduled and is free to enjoy their home while building equity in it.

Anyone facing foreclosure should consult with our Tulsa Oklahoma bankruptcy and Foreclosure attorneys as soon as possible to explore your rights and legal options.

Midtown Tulsa Bankruptcy Law Office: Experienced Tulsa Oklahoma Foreclosure and Bankruptcy Attorneys

If you are facing foreclosure on your home, the Tulsa Bankruptcy Attorneys at Midtown Tulsa Bankruptcy Law Office can help.  We are experienced in the unique field of Chapter 13 bankruptcy and can evaluate whether this is a viable option to save your home from foreclosure and set you on the path to financial well being.  When you come into our office, we will evaluate your debts as well as your overall financial picture, including assets and income, to provide an accurate picture of your bankruptcy options.  We will never push you towards bankruptcy and will always explain the full range of your rights.  Call the bankruptcy attorneys at Midtown Tulsa Bankruptcy Law Office today at 918-739-8984 to schedule your free consultation.

Tulsa Oklahoma Foreclosure and Bankruptcy Attorneys

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