Bankruptcy may be the best option if you have debt that you are struggling with. You have a few different options to choose from when you make this decision. However, you likely want to file for chapter 7 bankruptcy in Tulsa OK. There are several benefits that you can experience this way.
Discharge All of Your Unsecured Debt
You can get rid of all of your unsecured debt when you file for chapter 7 bankruptcy in Tulsa, OK. The only unsecured debts that you will not be able to get rid of are child support, alimony and federal student loans. Getting rid of debt will allow you to have a fresh financial start.
Keep in mind that your creditors will not be allowed to contact you after you file for bankruptcy. This will make your life a lot less stressful. You won’t have to deal with harassing phone calls or letters anymore.
Rebuild Your Credit
Bankruptcy is one of the worst things that you can have on your credit. However, you can start rebuilding your credit as soon as you get rid of your debt. You may be able to get a credit card or loan within a year of filing for bankruptcy.
While chapter 13 bankruptcy typically takes around three to five years, choosing chapter 7 can take a matter of months, so you can get the financial relief you need much faster. If you want to file for chapter 7 bankruptcy in Tulsa, Ok, then you will need to contact Matthew E Riggin PLLC.