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Are you a resident of the Tulsa, Oklahoma area? Are your financial problems making you see personal bankruptcy as your only way out?
Tulsa bankruptcy might be, indeed, the best solution in your situation. To find out if that is the case, or if you would be better off using one of the bankruptcy alternatives, we recommend you arrange for a no-charge initial consultation with a bankruptcy expert. The article outlined below is provided by our Tulsa bankruptcy attorney. |
How do I apply for Tulsa bankruptcy?
You do not actually “apply” to go bankrupt. “Applying” to go bankrupt is probably the wrong term. To go bankrupt in Tulsa, Oklahoma, you seek the assistance of a qualified bankruptcy attorney. Technically, you will be filing a bankruptcy petition.
The process will start by your bankruptcy attorney asking you a few questions, often over the telephone, to make sure you are a candidate to file bankruptcy. They will then ask you to make a list of all of the people and companies and lenders you owe money to, and to summarize a typical monthly budget for your family (what you and your spouse earn every month, and what you spend on living expenses every month). They will also ask you to make a list of all of your assets (the things you own, like cars, houses, and retirement accounts).
Once you have assembled this information, you will then probably have a meeting with the professional who will be handling your Tulsa bankruptcy. In Tulsa and throughout Oklahoma personal bankruptcy filings are done by bankruptcy attorneys. While you can file a bankruptcy petition yourself, it is generally advisable to use the expertise of a bankruptcy attorney.
At that meeting the attorney will help you decide whether or not you qualify for bankruptcy, based on the size of your debts, your assets, your income and expenses, and your ability to repay your debts. If you are insolvent - meaning you can’t pay your debts and your liabilities are greater than your assets - they may recommend that you file for personal bankruptcy.
They will then explain the process to you in more detail, and give you a more detailed application form to fill out, listing things like account numbers for all of your creditors.
Once you have completed the application form, which may take you a week or so, you will return it to them, and they will prepare the necessary bankruptcy paperwork.
After the attorney has prepared the paperwork but before filing the personal bankruptcy, he/she will give you a chance, at a meeting, to review the paperwork for accuracy.
For more detailed information, contact our Tulsa bankruptcy attorney today.
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