Tulsa Bankruptcy Lawyer
One of the primary purposes of the Bankruptcy Act is to relieve the honest debtor from the weight of oppressive indebtedness, and permit him to start afresh free from the obligations and responsibilities consequent upon business misfortunes.
– U.S. Supreme Court, Williams v. U.S. Fidelity & Guaranty Co., 236 U.S. 549 (1915)
Shook & Johnson is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Shook & Johnson is pleased to announce the expansion of its practice into bankruptcy law. In 2016, A. Todd Laster joined our office, bringing with him fourteen years of dedicated bankruptcy practice experience
Shook & Johnson provides experienced representation to clients in need of bankruptcy relief. We understand how financially devastating a job loss, divorce or medical emergency can be, and that obtaining fast relief from creditors is critically important to your well-being. However, we also know that obtaining fast and affordable bankruptcy relief can be difficult. Our firm provides assistance to clients in need of debt relief. We offer experienced guidance including:
- Explaining what Bankruptcy is and how it works;
- Analyzing your financial situation;
- Planning for your financial goals;
- Preparing and filing a petition for relief;
- Court representation at all required hearings.
Our firm is committed to providing you exceptional representation. Whether you need to file for bankruptcy protection right away or just have some general questions, we are here to help and we offer the following:
- Free initial consultations;
- Low fees;
- Payment plans available;
- Chapter 7 & Chapter 13 representation;
- Serving both the northern and eastern districts of Oklahoma.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is known as a “fresh start” or “liquidation” bankruptcy. In a Chapter 7 proceeding certain types of property are exempt under governing law and cannot be liquidated. Many types of debts can be discharged in a Chapter 7 such as medical debt and credit card debt. Some types of debts like child support and certain taxes are not discharged in Chapter 7. It is possible to keep a car or home that is not yet paid for, so long as the payments are current and remain current while going through a Chapter 7.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is sometimes referred to as a “debt consolidation” bankruptcy that allows an individual with regular ongoing income to pay all their disposable income into a Chapter 13 Plan for no more than 5 years and then receive a Discharge for the remaining unpaid balance. Disposable income is the income that is left over after all reasonable and necessary living expenses have been paid. A Chapter 13 case can also allow a debtor who has fallen behind on their mortgage payments to stop a house from being foreclosed and cure the arrearage within the plan term. Chapter 13 Plan terms are generally 3 to 5 years.
For your free, no-obligation, initial consultation, please call 918-293-1122.