Tulsa Attorney BlogCategory: Bankruptcy

10 Articles:
  • Has COVID Affected Bankruptcy?

    The Cares Act Is a Governmental Relief Program and It Has Changed the Bankruptcy Code Temporarily

  • How Is a Medical Marijuana Related Bankruptcy Different From Other Bankruptcies?

    Because marijuana is federally illegal, as is the cultivation of same, you are incredibly limited in what you can do. Although It doesn’t mean you can’t do an Oklahoma bankruptcy, but it can’t be based on your marijuana business.

  • Do I Qualify for a Chapter 13 in Oklahoma?

    Oklahoma Chapter 13, who is it for? This is for an individual. A business generally is not going to be able to do a Chapter 13, pretty much always.

  • What Is a Chapter 13 Bankruptcy?

    I, as your Bankruptcy attorney come up with you for a plan that pays at least the disposable income, meaning what you have left over, you can’t pay less than that, for either the five years or as long as it takes to pay off the debt that you have to pay in the bankruptcy. For example, if the cutoff for a seven was 40,000 for one person, and you make 50,000, then you’ve got 10,000 leftover. Take 10,000 divided by 60, whatever that is. Well, let’s say you make 10,000 over, so then you’re looking at $100 a month payment. You can do the math on that. Whatever disposable income that you have leftover, divide that up and spread that out per month for the 60 months. Of course, you don’t pay more than what you owe. But that in a nutshell is a Chapter 13.

  • Can You Discharge Child Support in a Bankruptcy?

    What do you need to know about child support as a debt in your bankruptcy? Edward Kelley here, bankruptcy attorney for Wirth Law. And I’m going to answer that question and this one’s a pretty easy one. You can’t discharge it.

  • Do I Qualify for a Chapter 11 in Oklahoma?

    Do I qualify for a Chapter 11 bankruptcy in the state of Oklahoma? I’m Edward Kelly, Tulsa bankruptcy attorney for Wirth Law, and I’m going to try to answer that question. So who does qualify? Well, Oklahoma Chapter 11 is aimed at a business. It’s been made much easier with the addition of the Small Business Reorganization Act in 2019. So if you know anything about 11s prior to watching this video and you’ve been put off at their complexity or expense, know that a small business now has tailor made statutes to help out a loan.

  • What Is a Chapter 7 Bankruptcy?

    Chapter Seven, by far the one you want to do if you can, that’s a liquidation. What that means is all your debts go away and all your assets get taken, at least up to the value of what you owe. They don’t take more than what you owe.

  • Do I Qualify for a Chapter 7 in Oklahoma?

    Do I qualify for a Chapter 7 bankruptcy in state of Oklahoma? I’m Edward Kelley, bankruptcy attorney at Wirth Law where we make law easy, makelaweasy.com. And I’m going to answer that question, how you can tell if you qualify for a 7? There’s Two Main Factors, Your Income and Your Assets.

  • Tulsa Bankruptcy Attorney

    Bankruptcy: Your Way Back to Financial Health When you are buried in debt you can’t pay, a Tulsa bankruptcy attorney can help get you on the road to financial recovery. Concerns about collection calls, threats of lawsuits and bad credit ratings can be overwhelming. Bankruptcy filings are a way to clean the slate and get […]

  • An Oklahoma Debtors Prison: Tulsa Jail Overcrowded by Indebted Inmates

    The Tulsa County jail is growing dangerously overcrowded. The facility has exceeded its official capacity for the past eight months. According to a report this month in the Tulsa World, the jail’s population could soon exceed official capacity by nearly 20 percent: 300 more than the 1,700 inmates the jail is designed to hold. What […]