Tulsa Bankruptcy Attorney

Irreconcilable debt occurs when a business or individual cannot pay his or her debts and where the person or business seeks help from a specialist. There are two main outcomes from a bankrupt filing: a fair ending of the legal claims of the creditors, an opportunity for a new beginning and a better understanding of how to manage one’s personal or business finances.

The duties of a bankruptcy attorney are comprehensive and varied. Some of the duties of an attorney are: being responsible for property that is received, investigating the financial affairs of the client, sending out notices to in domestic support cases, making information available to those who need the client’s information, reporting on the progress of the case and examining and objecting to proofs of claim. But specifically, the specialist’s first consideration is to investigate the client’s assets. Should there be assets in the estate that are not exempt or abandoned, then the specialist must collect that property from the debtor and convert it into cash and be accountable for that property. 

In addition, our Tulsa bankruptcy attorney services can also stop those annoying debt collector calls, offer helpful consumer credit counseling, offer suggestions with debt consolidation and debt protection assistance. 
A professional will also guide you toward a specific area of filing that will work best for you. It should be noted there are several specific signs that filing is imminent. Such warning signs are: bills are becoming harder to pay, you owe back taxes, you are behind in mortgage payments, your car has been reposed, house foreclosure looks eminent, your car has been repossessed, collection agencies are calling more frequently and you are depending on your credit cards to pay for living expenses.