Affiliated Legal Svc Inc Attorneys, Legal Service Plans, Foreclosure Services

Phone: (405) 605-3704
Direccion: 3840 NW 23rd Street, Oklahoma City, OK 73107, Oklahoma City
Sitio web: http://bankruptcylawyerokc.blogspot.com/


Affiliated Legal Svc Inc


Bankruptcy in Oklahoma City
Bankruptcy in Oklahoma City
Tuesday, July 5, 2011
Personal Bankruptcy
Chapter 7 and Chapter 13 are the two main chapters under which individuals can file personal bankruptcy. Chapter 7 bankruptcy is a liquidation of assets while Chapter 13 bankruptcy is a reorganization where the debtor creates a three to five year payment plan. The primary reasons for filing personal bankruptcy are unforeseen medical expenses, excessive credit card debt, loss of employment, and divorce. Needless to say many of these events create not only financial difficulty but also a tremendous amount of disruption and distress in and of themselves. This makes it especially important that individuals consider all available options and bankruptcy alternatives to make sure whatever action they settle upon is in their long term interest.If one determines that personal bankruptcy is the best option available then one should learn more about the federal bankruptcy law. Bankruptcy is a important decision and the law and it application to one's particular situation can be very complicated. It is generally recommend that one consult with an attorney with experience in the personal bankruptcy field.
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David M. Roberts, J.D.
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9:24 AM
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Thursday, June 23, 2011
Keywords
·       Bankruptcy·       Bankruptcy Attorney·       Bankruptcy code·       Bills·       Checking Accounts·       Creditor·       Creditor’s reorganization·       Credit card fraud·       Debts·       Debtor·       Defense·       Embezzlement charges·       Funds·       Garnishment·       Identity theft ·       Indebtedness·       Involuntary bankruptcy·       IRA's·       Liquidating assets·       Medical Bills·       Money·       Plan repayment·       Possessions·       Repossessions·       Resolve debts ·       Retirement Accounts·       Savings Accounts·       Stolen credit cards ·       Student Loans·       Taxes·       Voluntary bankruptcy·       Wages
Affiliated Legal Services, Inc.3840 NW 23rd StreetOKC., OK  73107-2738PHONE:  405 605 3704FAX:  405 601 0925E-Mail: ALSOK@cox.netVisit us on the web at http://www.affiliatedlegalservices.com/Follow us on FACEBOOK, BLOG or LinkedIn
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David M. Roberts, J.D.
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12:29 PM
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What IS Bankruptcy Law?
Bankruptcy Law provides a legal method for an individual or commercial enterprise (business) to either wipe out (discharge) the debts by liquidating assets and distributing them among creditors or resolve them by developing a court-approved reorganization plan, or other plan involving the repayment of creditors over time.
The primary purposes of bankruptcy laws are to relieve honest individual and commercial enterprise debtors from indebtedness and to provide them with a fresh start. Title 11 of the United States Code (the bankruptcy code) regulates the bankruptcy proceedings, including what chapter under which a debtor may file, what bills can be eliminated, how long payments may be extended, what possessions can be kept, and all other details concerning the bankruptcy. If the debtor initiates the bankruptcy it is called a voluntary bankruptcy. If the creditor initiates the bankruptcy it is called an involuntary bankruptcy. Affiliated Legal Services, Inc.3840 NW 23rd StreetOKC., OK  73107-2738PHONE:  405 605 3704FAX:  405 601 0925E-Mail: ALSOK@cox.netVisit us on the web at www.affiliatedlegalservices.comFollow us on FACEBOOK, BLOG or LinkedIn
Posted by
David M. Roberts, J.D.
at
12:03 PM
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