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.
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"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 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 -
"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 -
"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 -
"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 -
"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 -
"David has been great to me and my family."
David has been great to me and my family. We have used his services since 2005. He has helped us with Trusts and LLC's. He put our business into a series LLC before most attorney's even knew what a series LLC was. Thanks for all your help!- Mike
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.
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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
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.
