Oklahoma City Bankruptcy Attorney
Pursue Your Debt Relief Options with McBride & Associates, P. C.
Struggling with your finances and considering bankruptcy? With more than 27 years of experience, McBride & Associates, P. C. proudly takes on cases for all of your bankruptcy needs. We are knowledgeable in all aspects of bankruptcy law and can provide you with answers to all of your questions.
Filing for bankruptcy allows individuals, families, and businesses the opportunity to start over with their financial life. There are multitudes of myths surrounding bankruptcy, but it is a financial tool to help consumers escape the ramifications of debt. Our Edmond Bankruptcy attorneys suggest thinking of bankruptcy as a step toward a new financial future.
Your Local Edmond Bankruptcy Lawyer
Filing for bankruptcy can be a difficult and overwhelming process, especially if you are working with inexperienced legal professionals. At McBride & Associates, P. C., we pride ourselves on being one of the top Edmond bankruptcy lawyers in the area. Our team of experts is well-versed in all aspects of bankruptcy law, from filing to repayment plans to debt discharge.
Our goal is to help guide you through every step of the way and make sure that your bankruptcy process runs as smoothly as possible. Whether you are struggling with mounting debts or simply need more information about your options, our bankruptcy attorneys are here to help. So if you're looking for quality representation and expert guidance, turn to our bankruptcy lawyers today. We won't let you down!
Contact our Oklahoma City bankruptcy attorneys today for the information you need to get started. Our consultations are free*, and our counsel is dependable!
Get Real Debt Relief – With Our Help
We have solutions whether you have endured:
- A job loss
- Large medical bills
- Divorce
- Or you are facing foreclosure
Is Bankruptcy Right for Me?
Every individual’s case is vastly different, which is why we carefully assess every situation in a unique light. We can provide you with advice on whether to move forward in the bankruptcy process, which chapter to file under, and whether there are other debt-relief options available.
What are the benefits of filing?
- Putting a stop to creditor abuse
- Discharging your debts
- Repairing your credit
- Stopping Foreclosure
Once you decide to file, we can help you ascertain whether filing under Chapter 7 or Chapter 13 of the U. S. Bankruptcy is the right step for you.
What Will I Lose if I File for Bankruptcy?
If you file for bankruptcy, you will be able to exempt certain items under the umbrella of the necessity for work and life, such as:
- A place to live
- Clothing
- Food
- An affordable car
- And more
Items that often get taken away due to bankruptcy include luxury and 'non-necessity' items.
Our Oklahoma bankruptcy firm is here to help. Contact our team to get started on your case today.
Experienced, Knowledgeable, Aggressive
You cannot do this alone; you need the right attorneys who are aggressive and will immediately go on the offensive for you. You need a team on your side.
It takes one that has the experience and training, the knowledge and creativity, and also the compassion and understanding to solve your problems once and for all.
From Guthrie to Norman, from Yukon to Shawnee, and throughout Edmond and all of the Oklahoma City Metro Area, we have been solving those problems for Oklahomans since 1996.
Is Filing Bankruptcy Right for You?
To determine if filing for bankruptcy is the best solution for you, the best thing to do is speak with an experienced bankruptcy attorney. Here are some additional factors to consider before filing for bankruptcy:
Which Chapter of Bankruptcy Is Right for You?
The most common options are Chapter 7, Chapter 11, and Chapter 13.
Bankruptcy Eligibility
You should ensure that you are eligible to file for the type of bankruptcy you want.
Chapter 7 Bankruptcy: Eliminate Unsecured Debt
Chapter 7 bankruptcy, often called liquidation bankruptcy, is designed for individuals and certain businesses that cannot realistically repay their debts.
For many people, Chapter 7 offers the fastest path to a financial fresh start. Most cases are completed in approximately three to six months.
How Chapter 7 Works
When a Chapter 7 case is filed, a bankruptcy trustee reviews your assets and financial information. Property that is protected by applicable exemption laws is generally not available to creditors. If you own non-exempt property, the trustee may sell that property and distribute the proceeds to creditors.
Many Chapter 7 filers are able to keep all or most of their property because bankruptcy exemption laws protect essential assets.
Common Debts That May Be Discharged
Chapter 7 may eliminate many types of unsecured debt, including:
- Credit card debt
- Medical bills
- Personal loans
- Signature loans
- Utility balances
- Certain judgments
- Deficiency balances after repossession
Not every debt can be discharged. Certain obligations, such as child support, alimony, many recent tax debts, and most student loans, generally remain unless specific legal requirements are met.
Chapter 7 May Be Right for You If:
- You have overwhelming unsecured debt.
- Your income qualifies under the bankruptcy Means Test and the other applicable eligibility requirements.
- You cannot realistically repay your creditors.
- You need fast debt relief.
Talk with an our bankruptcy attorney to determine whether Chapter 7 is the right solution for your financial situation.
Common Bankruptcy Exemptions
Depending on the law that applies, exemptions may protect:
- Equity in your primary residence (homestead exemption)
- Household furniture
- Clothing
- Appliances
- Personal belongings
- Wedding rings
- Retirement accounts, including many 401(k) plans and IRAs
- Social Security benefits
- Life Insurance benefits
- Veterans benefits
- Disability benefits
- Workers' compensation benefits
- Certain pensions
- Public assistance benefits
- Limited equity in a vehicle
- Tools used in your occupation
- Certain insurance proceeds
Even if you possess items that are not on this list – not exempt – don’t worry, there are many options to address them, even shield them completely.
Benefits of Filing Bankruptcy
Depending on your circumstances, bankruptcy may help you:
- Eliminate overwhelming debt
- Stop collection calls
- Prevent foreclosure
- Stop wage garnishments
- Halt vehicle repossession
- Protect exempt assets
- Reduce financial stress
- Rebuild your credit over time
- Achieve a fresh financial start
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"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 -
"Thank you, David and Jay for all that you did for us."
I highly recommend David McBride for his legal services. My family hired David for our first bankruptcy case. My Husband and I have been very, very satisfied. Not only does he possess immense patience and compassion, but is also very intelligent and well spoken. From the moment I spoke with him, I knew that he was there to look out for his clients' best interest rather than his own. I've heard my share of lawyer horror stories and have always been very cautious when approaching them. I am ecstatic that we were able to find a lawyer who is motivated by sound ethics, as they are often very difficult to come by. I highly recommend David McBride. I also want to say a huge thank you to Jay, Mr. McBride's Legal Assistant. He helped to make sure that we had everything we needed and made sure that everything was taken care. Thank you, David and Jay for all that you did for us.- Zane -
"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 -
"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. -
"THANK YOU McBride & Assoc !!! :)"
Not only is the entire "family" of McBride & Associates professional, they are outstandingly friendly. They complement one another, working amazingly well together to exceed all of my legal needs and inquiries in a very timely manner. Highly recommended. THANK YOU McBride & Assoc !!! :)- Douglas -
"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 -
"I have had nothing but excellent experiences with the law firm of McBride & Associates."
I have had nothing but excellent experiences with the law firm of McBride & Associates. McBride & Associates has helped my family and extended family with many legal situations including estate planning, an auto accident, and dealing with prior creditors. I have known David McBride for years and he is very knowledgeable and not only a great attorney but someone who truly cares. I never would want anyone else representing me but David and his staff!- Darrell -
"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
Our FAQ
Have questions? We are here to help. Still have questions or can't find the answer you need? Give us a call at 405-896-3615 today!
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Will bankruptcy ruin my credit forever?
No. Although bankruptcy affects your credit history, many people begin rebuilding their credit shortly after receiving a discharge by responsibly managing new credit and maintaining timely payments. Suprisinly, some creditors look favorable upon people who have received a Discharge of their debts in Bankruptcy. This is because those persons have very little or not debt (other than the typical house and car debts, that most of us have). Those people often have money to spend – disposable income – for the first time in years. And those creditors take these facts into account when offering credit, including the fact that you cannot file another bankruptcy for eight years (at least when it comes to filing a subsequent Chapter 7 bankruptcy case, depending upon several factors).
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Can bankruptcy stop foreclosure?
In many situations, filing bankruptcy immediately stops foreclosure proceedings through the automatic stay. Chapter 13 may also allow homeowners to catch up on missed mortgage payments (called the “Arrearage”) over time.
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Can I keep my car?
Many individuals keep their vehicles, particularly when the equity is protected because applicable Oklahoma exemption laws or when they have chosen to keep a vehicle and continue making payments under the bankruptcy process. Often a person filing their case can get out from under a crushing car loan, return the vehicle, and Discharge the debt cleanly.
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How much debt do I need before filing bankruptcy?
There is no minimum amount of debt required to file bankruptcy. The decision depends on your overall financial situation, your ability to repay your obligations, and your long-term financial goals. Our team will discuss with you all reasonable options to your current circumstances, and select the solution that best fits you and your family.
Why Choose Our Bankruptcy Law Firm?
At McBride & Associates, we understand that financial problems can feel overwhelming. Our goal is to provide clear guidance, honest advice, and practical solutions tailored to your circumstances.
When you work with our office, you can expect:
- Personalized legal guidance
- Compassionate representation
- Clear communication throughout your case
- Experienced bankruptcy counsel (Over 30 years!)
- A commitment to protecting your rights and your financial future
We are here to answer your questions and help you make informed decisions about your financial future.
Schedule Your Confidential Bankruptcy Consultation
You don't have to face overwhelming debt alone.
Whether you're considering Chapter 7 bankruptcy, Chapter 13 bankruptcy, or Chapter 11 business reorganization, experienced legal guidance can make all the difference.
Contact our office today to schedule a confidential consultation. We'll review your financial situation, explain your legal options, answer your questions, and help you determine the best path toward lasting debt relief.
Take the first step toward a fresh financial start—contact us today to schedule your consultation.
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Handled Thousands of Cases
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Experienced in Both Consumer and Business Bankruptcy
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Offer Free Initial Consultation*
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Helping Clients Since 1996