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Chapter 13 provides a possibility to surrender secure secured debt. When filing for Chapter 13 bankruptcy, many have questions about managing secured debts, such as mortgages or car loans. Here, we’ll explore what surrendering secured debt means and how it works in a Chapter 13 bankruptcy in Oklahoma City. Understanding Secured Debt Secured debts are […]
If you’re trying to disinherit someone in a will, there are certain steps you will need to follow. Writing a will gives you the legal power to determine how your assets will be distributed after your death. One choice you may face is whether to disinherit someone—meaning they will not receive any portion of your […]
“Can I sell my parents house?” is a common legal question before the probate process. When a parent passes away, their estate, including real property such as a home, typically goes through the probate process. If you are managing your parent’s estate, you might wonder whether you can sell their house before filing for probate. […]
In Oklahoma City, the probate process is several smaller legal proceedings that help settle someone’s estate after their death. This process ensures payment of the decedent’s debts and proper distribution of assets to the heirs or beneficiaries. Here’s a step-by-step guide to the probate process in Oklahoma City: Filing the Petition The probate process begins […]
We often get questions about who can be an administrator of a probate estate. When someone passes away without a valid will, their estate enters a legal process known as intestate probate. During this process, the court appoints an administrator to manage and distribute the deceased’s assets. In cases where a will exists but does […]
Pardons and expungements are two options people seek out to remove or mitigate the impact of a conviction. While both offer forms of relief, they operate very differently. When seeking to move on from the past, it’s important to know the difference between the two. This article explores these differences between pardons and expungements to […]
Felonies eligible for expungement will vary based on the severity. Oklahoma law allows for the expungement of certain felonies under very specific conditions. Having a felony conviction on your record can severely limit your opportunities, affecting your ability to find employment, secure housing, and restore certain civil rights. Expungement effectively erases the conviction from public […]
Oklahoma law allows residents to use state-specific bankruptcy exemptions, which differ from federal exemptions. When filing for bankruptcy in Oklahoma City, debtors can protect certain property from being liquidated to pay off creditors by claiming exemptions. These exemptions help ensure that debtors can retain essential assets and maintain a basic standard of living during and […]
The impact of bankruptcy on credit score can be significant. The extent and duration of this impact depend on several factors, including the type of bankruptcy filed, your credit history before filing, and your financial behavior post-bankruptcy. Here’s an in-depth look at how bankruptcy can affect your credit score and what you can do to […]
Chapter 13 bankruptcy is what many refer to as a “wage earner’s plan. This allows individuals with a regular income to develop a plan to repay all or part of their debts over a three to five-year period. This type of bankruptcy is helpful for individuals who want to keep their property, such as a […]