Bankruptcy Protection Attorney Oklahoma City, OK
Bankruptcy protection refers to the Automatic Stay that kicks in the second that you file bankruptcy. Think of this as an injunction that bars your creditors from being able to take any collections actions against. Your creditors will be barred from harassing you through phone calls, threatening letters or voice mails. This protection also keeps your creditors from filing any lawsuits or from garnishing your wages or bank account. The protection is automatic in all Ch. 7 cases and in most Ch. 13 cases. The protection may not be automatically available if you have recently filed a previous Ch. 13. If this is the case be sure to mention this at your first consultation.
The bankruptcy process can take anywhere from around 100 days in a Ch. 7 to 63 months in a Ch. 13 from the time you file the bankruptcy until you get the discharge. The automatic stay is there to give you bankruptcy protection immediately and to remain in effect until you receive your discharge.
Bankruptcy protection is also very important in that it can protect property that you have from being taken by creditors. At Marty Martin Law, we have helped many Oklahoman’s save their house when it is on the brink of being foreclosed upon. We can also help you keep, and in some cases get back, your vehicle due to repossession. We can also help you to avoid losing any pledged property as part of personal loan.
Bankruptcy protection can also help you avoid wage and bank garnishments. Garnishments usually occur after a creditor has successfully sued you in court and won a judgment. However, they can come without warning. While a creditor does have to sue you first, there are ways that you can be sued without you having direct knowledge of the lawsuit. If a creditor can convince a court that it has tried to locate you in good faith and can’t find you to serve you, the court could allow the creditor to serve you in an obscure newspaper. Then, once they have gotten a judgment, they are not under any duty to notify you before you are garnished.
If you are facing these or similar circumstances and would like to see your options for bankruptcy protection, give Marty Martin law a call at (405) 255-2380 or email us at email@example.com to consult with a bankruptcy protection attorney Oklahoma City, OK residents recommend.