South Tulsa Bankruptcy Lawyers Launches a Bankruptcy Awareness Campaign

Those thinking of declaring bankruptcy benefit greatly from the free information about chapter 7 and chapter 18 bankruptcy options, TulsaBankruptcyLawyers.net reports

Tulsa, Oklahoma – August 8, 2017 /MarketersMedia/ —

As of June 2017, 4,716 bankruptcy cases have been filed in the state of Oklahoma this year. Eighty three percent of these cases were filed under chapter 7 and 17 percent under chapter 13, and this represents a six percent decrease over the prior month, according to the American Bankruptcy Institute. Anyone considering a bankruptcy filing, however, will benefit greatly from Free bankruptcy information, thus South Tulsa Bankruptcy Lawyers is now launching a campaign to provide information of this type.

“Fresh start bankruptcy help benefits many individuals and companies, yet people often don’t know where to turn to obtain this information. We are looking to change that, as anyone can find they are encountering financial difficulties. These difficulties can mount when the person isn’t aware of their options or has been given misinformation. We want to clear up any confusion and assist with Bankruptcy help filing chapter 7 bankruptcy or chapter 13,” Charles Kania, spokesperson for South Tulsa Bankruptcy Lawyers, announces.

Individuals often opt to file for chapter 7 bankruptcy as most unsecured debts are discharged at the end of the process. They believe this allows them to start anew without financial difficulties. However, a means test must be passed before this option can be selected. This means test isn’t simple either, as it takes into account a range of factors, including income, assets and debts.

“Any person considering filing chapter 7 bankruptcy should meet with an attorney to make certain they qualify. An individual with a high income and excessive debts may find they do meet the guidelines for chapter 7 simply by restructuring their assets. People often do not realize this, and this is only one way that an attorney can be of help,” Kania continues.

Chapter 13 bankruptcy allows a consumer to consolidate their debt if they don’t qualify for chapter 7 bankruptcy after completing the means test. With this type of bankruptcy, the individual makes one monthly payment to their creditors, and this often helps to reduce the amount of fees and interest owed. In addition, it may decrease the total amount of debt to be repaid.

“The amount of the monthly payment is determined by the individual’s disposable income, and the payment plan is for no longer than five years. Depending on the amount owed, the person may or may not pay their entire debt during this time period. We can help explain what happens in this situation and many others, as we are here to provide important information about filing bankruptcy and give expert bankruptcy advice when needed. Give us a call today to obtain a fresh financial start. We are ready to help you achieve this goal,” Kania states.

About South Tulsa Bankruptcy Lawyers:

South Tulsa Bankruptcy Lawyers works with individuals to file for bankruptcy and get a fresh financial start.

Contact Info:
Name: Charles Kania
Organization: South Tulsa Bankruptcy Lawyers
Address: Tulsa, Oklahoma, 74105
Phone: 918.739.8984

Source URL: http://marketersmedia.com/south-tulsa-bankruptcy-lawyers-launches-a-bankruptcy-awareness-campaign/226294

For more information, please visit http://tulsabankruptcylawyers.net/

Source: MarketersMedia

Release ID: 226294