Oklahoma City Chapter 7 Lawyer
End Your Overwhelming Debt with McBride & Associates, P.C.
If you are constantly receiving calls or letters from collection agencies or facing harassing collection attempts, it may be time to take legal action. There are several different ways that you may be able to file for bankruptcy, one of the most common being Chapter 7.
How Do I File for Bankruptcy in Oklahoma?
Filing for bankruptcy is a complex process that requires the attention of a skilled Chapter 7 attorney.
First, we want to ensure that filing for Chapter 7 bankruptcy is the right solution for your financial problems. This is a big decision that can lead to relief from debt and collection attempts should you make the decision in your best interest.
Chapter 7 bankruptcy may be right for you if:
- You have had your wages garnished
- You are being harassed by creditors regularly
- You have received a foreclosure or repossession warning
- You struggle to make your payments each month
If this is you, filing for bankruptcy may be your best option. Be sure to enlist the help of our trusted bankruptcy attorneys in Oklahoma.
Do you have overwhelming debt? Filing for Chapter 7 may be your answer. Contact our Chapter 7 bankruptcy attorney online or call our Edmond law office today at (405) 896-3615!
What Is Chapter 7 Bankruptcy?
Chapter 7 is also known as the liquidation bankruptcy, where most of your debt is wiped out in exchange for your non-exempt property.
At McBride & Associates PC, we often recommend this form of bankruptcy for individuals who do not have a steady income or have very little money.
-
"I highly recommend David McBride. He will listen to you."
I first met David when he was with his elderly father. I noticed how kind he was to his dad. I also noticed that David made sure his dad’s opinions were listened to and validated. I thought, “I like this guy. He is a good man.” Then I found out David was an attorney. I have not lived in the OKC/Edmond area for very long, and I didn’t know any attorneys. However, I needed one. Isn’t it funny how the universe places the right people in your path at the right time? I had co-signed my daughter’s mortgage. She became unable to pay her monthly payment and was too embarrassed to let me know. It was at that point I should have got legal counsel, but I didn’t. Things progressed without her or me doing anything right in this situation. The house went up for Sheriff’s sale. I was afraid I was going to end up owing a lot of money. However, David worked everything out to a happy ending. I highly recommend David McBride. He will listen to you. He will explain things in terms you can understand. He will give you all the options to consider. He is fair in his billing. I recommend David McBride.- Shelley -
"You'll be in good hands here."
Mr. McBride knows estate planning inside and out, and it helps that he makes the process so easy for his clients. You'll be in good hands here.- Hans -
"I recommend them to all my friends and business associates."
My family and I have been working with McBride & Associates for many years in the areas of Estate Planning, Business Start Up and Non-Profit 501 C-3 status. Their knowledge of the law, attention to detail, combined with a compassionate staff that understands their client needs, is why I recommend them to all my friends and business associates.- Denna -
"If I ever need additional legal assistance, David McBride will be the first attorney I turn to."
David McBride is an excellent attorney. I cannot thank him enough for putting me at ease and for resolving my legal problems.On occasion when I needed to contact him and he was not available, his staff were amazingly helpful, and David promptly followed up with me even though his staff had already addressed my concerns. If I ever need additional legal assistance, David McBride will be the first attorney I turn to.- Leslie -
"McBride & Associates has a wonderful group of knowledgeable attorneys and the staff is very friendly and helpful."
McBride & Associates has a wonderful group of knowledgeable attorneys and the staff is very friendly and helpful. They did a great job handling our legal matters.- E.S. -
"Great group of professionals."
From the receptionist to the completion... Great group of professionals that "listen to your story and design a plan to meet your needs!"- Sherilynn -
"We cannot thank you enough, David McBride."
My wife and I have a "blended" family. We reached out to McBride and Associates to build an estate plan that would benefit our entire family and be "fair" to all parties...that sounds dry and hum-drum...but we wanted to be able to take out all of the drama and mystery of dividing up our estate after our (very much hopefully in the distant future) death. Their team put together a plan that works for everyone. We can not thank you enough, David McBride.- Robert -
"Excellent services provided."
Excellent services provided....David and his staff did a great job with our personal and business needs. Highly recommend McBride & Associates!- Ted
How to Qualify for Chapter 7 Bankruptcy
You will need to take a means test to ensure that you qualify for Chapter 7 before you are able to discharge your debt. The Chapter 7 means test takes your income and expenses into account to determine whether you qualify for a Chapter 7 filing.
Before taking the test, you should gather any documentation about your income from over the past six months. Your household income is checked against your state's median income, and if your income is below the median, you pass and can file for Chapter 7. Your household income is adjusted for recent and upcoming changes, like losing a job.
If you do not pass the means test, you can still file for Chapter 13 bankruptcy, or you can take the means test again in six months.
What is the Difference Between Chapter 7 and 13 Bankruptcy?
Chapter 7 and Chapter 13 Bankruptcies differ in that Chapter 7 entails liquidating (selling) non-essential assets to help pay off debt whereas Chapter 13 entails creating a repayment plan to gradually pay off debt, usually over a period of 3-5 years.
-
Handled Thousands of Cases
-
Experienced in Both Consumer and Business Bankruptcy
-
Offer Free Initial Consultation*
-
Helping Clients Since 1996
Life After Chapter 7 Bankruptcy
In most cases, a Chapter 7 filing only takes three to four months. Once complete, your qualifying debts will be discharged.
A Chapter 7 bankruptcy will stay on your credit report for ten years. Most filers can open new credit cards and other lines of credit soon after receiving their discharge.
When Can You File for Chapter 7 Again in Oklahoma?
If you need to file for bankruptcy again, you will need to wait eight years before filing for another Chapter 7 bankruptcy, or four years if you plan to file for Chapter 13 instead.
Serving Debtors in Edmond & Oklahoma City
If you are in need of legal advice on filing for Chapter 7 or Chapter 13 bankruptcy, reach out to our debt relief agency in Edmond and Oklahoma City. We help people file for bankruptcy relief under the Bankruptcy Code.
Filing Bankruptcy in Oklahoma? Please reach out to us today at (405) 896-3615 to set up a free case consultation* with an Oklahoma City and Edmond Chapter 7 bankruptcy lawyer.
