Debt Attorney Oklahoma City, OK
Marty Martin Law is an established, experienced and trusted Debt Attorney in Oklahoma City, OK. We help individuals get out of debt, improve their credit score and get a fresh start. Being in debt can affect every other aspect of one’s life negatively. Nearly every one of my client’s health has deteriorated due to being in debt by stress, lack of sleep, being unable to focus or unable to work. Also, as may not be a surprise, having too much debt can severely impact a marriage. Unfortunately, for those clients that retain my services too late once the stress of debt has already set it, divorce is far too often the result.
This can all be avoided, however. By hiring the right Debt attorney Oklahoma City, OK families recommend from Marty Martin Law, you can once a for all put that debt behind you and move on with your life. The process is much easier than expected by most. First, you will need to send me the last 7 months of paystubs, the last 2 years of tax returns, the most current bank statements and I will acquire your credit report. I will develop a budget for you while preparing your paperwork that will be filed. The court will then report to all of your creditors of your bankruptcy and at that moment your bankruptcy protection kicks in. An injunction applies which stops your creditors from being able to take any collection actions against you. Your Debt Attorney in Oklahoma City, OK will assist you in stopping any garnishments that may be ongoing and preparing you for the hearing that you will attend approximately 30 days after filing.
The hearing referred to or the “meeting of creditors” is an opportunity for creditors to ask you questions. However, in most cases, your creditors will not appear, and the hearing will be mostly about the trustee assigned to your case verifying your identity and whether you have signed and agree with the paperwork filed in your case. Approximately 60 days after that hearing, your debts will be discharged forever. Debts that are typically discharged include repossessions, medical debt, personal loan debt, signature loan debt, credit card debt or debt from utilities or cell phones.
By eliminating your debt with a Debt Attorney in Oklahoma City, OK, you will be able to buy that house that you’ve always wanted, get a car loan at 4% interest as opposed to 20% (which by the way you can get a much nicer vehicle for the same monthly payment) and just generally have a less stressful existence. Studies have shown that stress can have a negative affect on health and relationships and can even shorten a person’s life. Life is short, if you feel like debt is controlling your life don’t give up. Contact your local Debt Attorney in Oklahoma City, OK and Marty Martin Law will be happy to assist you with a free consultation.
How to Talk to Your Family About Bankruptcy
If you’re struggling with debt, you may be giving serious consideration to the option of filing for bankruptcy. However, you may be reluctant to do so right away because you’re afraid of what your family will say. It’s important to understand that filing for bankruptcy is no longer attached to the kind of stigma that was pervasive before the Great Recession of 2008 hit. Americans now generally understand that even the most financially responsible families can fall on hard times through no fault of their own. One of the many benefits of working with an Oklahoma City, OK debt attorney from The Law Offices of Marty D. Martin is that we can help to set your mind at ease about the realities of bankruptcy so that you can speak with your family about this option in an informed and confident way. As you prepare to meet with our Oklahoma City, OK debt attorney and support team, consider the following tips that can help make the process of talking to your family about this option a little easier to navigate.
Have the Conversation Soon
The longer you wait to talk about your bankruptcy, the more difficult it will be to have the conversation. It’s generally best to have the conversation as early as possible so that everyone has time to ask questions and get answers to those questions. Once they’ve received guidance from an experienced Oklahoma City, OK debt attorney, they can adjust their approach to their finances, spending, etc. accordingly.
Explain Why You’re Filing for Bankruptcy
Bankruptcy is a big deal, so your family will likely want to be reassured that you’re truly making the right choice. Take the time to explain exactly why you’ve chosen to file for bankruptcy, whether it’s due to high medical bills or credit debt you can’t pay off. Knowledge is power. When your family understands why you’re considering this step, they may be more inclined to be empathetic and supportive. Also, tell them what type of bankruptcy you’re filing and approximately how long the process will take. You’ll also need to talk to them about how your bankruptcy might impact them personally.
Hiring a Bankruptcy Lawyer
If you’re thinking about filing for bankruptcy, please speak with an experienced Oklahoma City, OK debt attorney soon. Bankruptcy is a complicated legal process and it isn’t something you should tackle on your own. Our team can help you file a timely claim and help you achieve the best possible outcome.