The FILING of a Chapter 7 bankruptcy automatically by law STOPS garnishments and creditor collection efforts! Unlike with the county courts which are currently closed for the most part, you don't have to wait for a hearing or a Judge's approval to get the help you need.

Many of you are being laid off right now. Incomes are changing, and debt is rising. While bankruptcy may not have been something you considered before because you weren't in that much debt or wasn't option because you made too much to qualify, you may now find that life AFTER the COVID-19 pandemic is different.

This may be the time to get your financial affairs in order and free yourself from debt. So many of you will wait until months from now, after you're back to making the same money again, and want to file then--but you won't be able too if you make too much income-wise to qualify to file. Especially if you're just now receiving income-tax refunds where you have the chance to pay for it and pull it off, now may be the time to act, while you can. .... Feel free to contact me for further info.

Only $1,400 total, with all costs and fees.

Offices in both Collinsville and Tulsa
Our doors are still open to you.

Joel K. Mitchell, Attorney
MITCHELL LAW OFFICE, P. C.
1318 W Main St, Collinsville, OK 74021
& 1408 S Denver Ave, Tulsa, OK 74119
(918) 230-5844

Common Kinds of Debt You Get Out of Completely in Chapter 7 Bankruptcy Include:

Credit card charges, including overdue and late fees; collection agency accounts; personal loans from friends, family, or employers; utility bills; medical bills; dishonored checks unless based on fraud; repossession deficiency balances; business debts; auto accident claims, except those involving driving under the influence of alcohol or drugs; money owed under lease agreements that were broken or where you owe back rent; revolving charge accounts with stores; and negative bank accounts.

If you're knee-deep in some of the above and don't see yourself climbing out any time soon, contact me for a free phone consultation. I would be glad to discuss your financial situation and attempt to be of benefit to you. If you know someone else in this situation, please share this with them in a private message.

Joel K. Mitchell, Attorney
MITCHELL LAW OFFICE, P. C.
1318 W Main St, Collinsville, OK 74021
& 1408 S Denver Ave, Tulsa, OK 74119
(918) 230-5844

TRUTHS & MYTHS ABOUT CHAPTER 7

There is much misinformation out there. Let me give you five facts to set the record straight.

1. You won’t lose all your property.

It’s a myth that you will lose all your property if you file. Even though Chapter 7 is called liquidation, exemption laws allow people who file to retain certain property. You will find that almost everything normal people filing own is in fact exempt. You get to keep an automobile worth up to $7500 that is paid for; and if it is not paid for, you can keep it subject to the loan if you are and remain current. Your attorney will tell you before you file what, if any, property is not-exempt, and you will probably opt not to file if are you going to lose that property. I can tell you this without your being out any money to pay me for such advice.

2. You can afford to file.

Many people think it is cost a lot to hire an attorney. However, attorneys generally offer low initial retainers and flexible payment plans. I currently charge only $1,400 total, and out of that amount I pay for a Court filing fee, a credit report, and the credit counseling you are required to complete. While I will not actually file the case until you have paid in full, I will begin working on your documents and you can refer your creditors to me if you come in with as little as $500 upfront and pay off the balance at the rate of $300 per month. If you get an income tax refund, you can use that to pay for it. Filing in and of itself may be an investment in your financial future.

3. Not filing may cost you.

Ignoring financial liabilities can result in creditor harassment, lawsuits, and possibly collections through garnishments and other means. When you file, the threatening phone calls stop. If filing can give you peace-of-mind and put an end to your problems, it might make sense to file and make all that aforementioned stuff simply stop.

4. You will get credit again.

Believe it or not, credit is available afterward. My former clients report receiving credit card offers right away. Of course, you should probably find the willpower to throw those away and learn from the experience. Until you rehabilitate your credit, and for possibly the next few years, you can expect to pay higher interest rates and the terms may not be favorable. Regardless, consider this a mechanism for a fresh start and an opportunity to rebuild your creditworthiness—and like I always say to all those people who are concerned about their credit score or being able to get loans in the future, those loans are what led you to file in the first place; no longer owing tens of thousands of dollars should outweigh concerns about future credit.

5. Less uncommon than you think.

Nowadays, approximately one million people file each year. Celebrities in Hollywood file. Normal people in Oklahoma file. You have neighbors, co-workers, friends and family members who have probably filed at some point in their life, whether you know about it or not. So in making a decision, know you’re not the only one.

Joel K. Mitchell, Attorney
MITCHELL LAW OFFICE, P. C.
1318 W Main St, Collinsville, OK 74021
& 1408 S Denver Ave, Tulsa, OK 74119
(918) 230-5844

WHAT DEBTS CAN CHAPTER 7 BANKRUPTCY GET YOU OUT OF? Just about anything but student loans, child support, and taxes. The debts people most often become free of are credit cards, uninsured medical expenses, payday loans, and judgments after the resale of a repossessed automobile.

WHAT'S THE MINIMUM AMOUNT YOU CAN FILE ON? There isn't one, although it might be ridiculous to file an amount as, say, $5,000; but it really just depends upon your income.

WHO CAN FILE CHAPTER 7 BANKRUPTCY? A person who hasn't filed it previously within the last 8 years, and whose income is not so high that they do not qualify. In a conversation with me, we can determine whether you can.

IS IT TRUE IT WILL RUIN MY CREDIT FOREVER AND NO ONE WILL NEVER GIVE ME A LOAN AGAIN? No.  I've had several former clients rave about their credit scores increasing after bankruptcy.

WILL I LOSE MY CAR IF I FILE? Most likely not, unless it's paid for and worth over $7500, which is uncommon; and that's something you would know before you decided to file. If you owe money on your car, you can opt to keep the car (and still owe the money) or let it go back (but be freed from owing).

HOW MUCH DOES IT COST TO FILE, AND DOES IT ALL HAVE TO BE PAID UPFRONT? I charge $1,400 total (whereas most other local attorneys are charging a few hundred or so more than that). Out of that I pay the $338 filing fee. I also run a credit report and pay for the cost of that at $28 per person out of that $1,400 amount. While you don't have to pay the full $1,400 upfront, and I will meet with you and began working on your bankruptcy documents if you have at least $500, I will not actually file the case until you have paid the full amount, as so much of that money goes toward the filing fee and other costs.

HOW CAN I CONTACT YOU IF I HAVE QUESTIONS?
You may message me on here, e-mail me at [email protected], or text or call me at 918-230-5844.

Joel K. Mitchell, Attorney
MITCHELL LAW OFFICE, P. C.
1318 W Main St, Collinsville, OK 74021
& 1408 S Denver Ave, Tulsa, OK 74119
(918) 230-5844

Many people think that filing bankruptcy ruins their credit for life and is this horrible thing. Yet no client has ever called me afterward to ask why I didn't talk them out of it; in fact, they say, it's one of the best decisions they ever made. There is no absolutely certainty here, as there is no guarantee of what your credit score will be, say, a year later, as that depends on many factors other than the bankruptcy and the disappearance of that debt, such as stable address, consistent job, and not going into debt all over again--which is what I think they might do when this is their concern!

If you choose to file bankruptcy, it should not be to 'clean up your credit' or 'improve your credit score' and you should be far beyond being concerned what that credit score it going to be. Rather, it should be because you've got a whole bunch of debt and there's no way you can pay it off within the next five years. Additional reasons to that might be that you are tired of creditors calling you and driving you nuts and/or you are concerned about being sued and having you pay garnished.

If you qualify for Chapter 7 bankruptcy, which is dependent upon your income and household size, you can get out of all your credit card and medical debt, virtually everything except for student loans, child support, and back income taxes, if you even owe any of that. If you have had a home foreclosed upon or car repossessed that you were upside down and the creditor is coming after you for the balance, you can get out of that too and be debt free--have a clean slate.

If you are worried about giving up your automobile, well no, you can typically keep that if you continue to make your payments and still owe that debt as if you hadn't filed bankruptcy on it.  Similarly, you can keep your home subject to the mortgage if you have one and if you wish.

If you have any questions or wish to determine if you qualify, contact me at 918-230-5844 or visit me online at https://oklahomabankruptcyattorney.net

Joel K. Mitchell, Attorney
MITCHELL LAW OFFICE, P. C.
1318 W Main St, Collinsville, OK 74021
& 1408 S Denver Ave, Tulsa, OK 74119
(918) 230-5844