Common Bankruptcy Questions & Answers

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