www.BANKRUPTCYOKLA.COM

ANSWER: IF YOU HAVE FILED A PREVIOUS CHAPTER 7 BANKRUPTCY CASE- YOU MUST WAIT EIGHT (8) YEARS AFTER YOU RECEIVED YOUR DISCHARGE IN THE PRIOR FILING BEFORE YOU WILL BE ELIGIBLE TO FILE FOR A NEW CHAPTER 7 BANKRUPTCY PROCEEDING.

QUESTION: WHAT IS CHAPTER 7 DEBT RELIEF?

ANSWER: IT'S A FRESH START! A CHAPTER 7 FILING CAN STOP CREDITOR HARASSMENT IN THE FORM OF: PHONE CALLS, WAGE AND/OR BANK GARNISHMENTS, AND LAWSUITS.

QUESTION: WHEN ARE CREDITORS STOPPED IN A CHAPTER 7?

ANSWER: IMMEDIATELY. AS SOON AS WE ELECTRONICALLY FILE YOUR CASE - YOUR CREDITORS ARE AUTOMATICALLY PROHIBITED FROM ANY ACTS MEANT TO COLLECT UPON A DEBT.  PENDING LAWSUITS ARE STOPPED OR STAYED.

QUESTION: WHAT IS THE PRIMARY BENEFIT OF FILING CHAPTER 7?

ANSWER: THE FORGIVENESS OF ANY UNSECURED INDEBTEDNESS - INCLUDING CREDIT CARD DEBT, MEDICAL BILLS, SIGNATURE LOANS, AND THE LIKE.

QUESTION: WHAT IS A BANKRUPTCY DISCHARGE AND HOW DOES IT OPERATE?

ANSWER: ONE OF THE REASONS PEOPLE FILE BANKRUPTCY IS TO GET A 'DISCHARGE'. A DISCHARGE IS A COURT ORDER WHICH STATES THAT YOU DO NOT HAVE TO PAY MOST OF YOUR DEBTS. SOME DEBTS CANNOT BE DISCHARGED -FOR EXAMPLE: MOST TAXES, CHILD SUPPORT, ALIMONY, MOST STUDENT LOANS AND COURT FINES.

[CHAPTER 7] [F.A.Q.] [PROCEDURE] [INFO NEEDED]