Oklahoma Bankruptcy Courts Continue To Be Closed Due To Winter Weather

February 3, 2011

Due to the inclement weather, the bankruptcy courts for both the Eastern and Northern Districts of Oklahoma will be closed Thursday, February 3, 2011. The United States Trustee for the Northern District of Oklahoma has continued the February 3rd Meetings of Creditors to February 18, 2011. The meetings will be held at the same times [...]

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Oklahoma Bankruptcy Courts Close Due To Heavy Snowfall

February 2, 2011

Due to the heavy snowfall, the Clerk’s Offices of the bankruptcy courts for both the Northern District of Oklahoma and Eastern District of Oklahoma have announced that the courts will be closed Tuesday, February 1, 2011 and Wednesday, February 2, 2011. The United States Trustee for the Northern District of Oklahoma has continued the February [...]

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Another Way To Protect Your Income Tax Refund When You File Chapter 7 Bankruptcy

January 25, 2011

At this time of year, many people filing Chapter 7 bankruptcy lose their not-yet-received income tax refund to the bankruptcy trustee. The generally applied rule here in eastern Oklahoma is that if a person files his income tax return, then files Chapter 7 bankruptcy before he receives his income tax refund, the Chapter 7 trustee [...]

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Can I File Bankruptcy On Just Some Of My Debts?

January 20, 2011

Just about every week I get a call from someone wanting to file bankruptcy on just a few of his debts. He tells me that only a few of his bills are causing him problems and he’d like to get rid of those particular debts and keep paying on the bills on which he’s current. [...]

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Interpreter Service Available For Debtors At First Meeting of Creditors (341 Meeting)

January 11, 2011

Recently I filed a Chapter 7 bankruptcy for a Chinese client who speaks little English. I’ve been able to represent this client effectively since our initial consultation thanks to a former client of mine who has graciously been present at every meeting and during every telephone call in order to interpret for me and my [...]

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Plant Performance Services To Close Sand Springs Facility

November 1, 2010

Plant Performance Services. located at 1520 S. 129th West Ave. in Sand Springs will be shutting down its plant on December 23. As a result, 73 local workers will be losing their jobs at Christmas time. The plant has been in business in Sand Springs for 50 years where it retrofitted and installed furnaces for [...]

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Foreclosure Crisis Continues To Worsen

October 29, 2010

America’s foreclosure crisis is worsening as more and more homeowners fall behind on their mortgage payments. Economic woes such as pay cuts and lost jobs continue to be the main cause for foreclosures this year. The U.S. unemployment rate hit 9.6 percent last month. Eleven out of the nation’s 20 largest metropolitan areas saw foreclosure [...]

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New Means Test Numbers Become Effective November 1, 2010

October 25, 2010

The Means Test, which I call the Mean Test, just got a whole lot meaner for small Oklahoma households. The Means Test is a formula that determines whether or not a person financially qualifies to file Chapter 7 bankruptcy. The Means Test was given to us by Congress in 2005 as part of the new [...]

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Home Foreclosures Reach An All Time High

September 16, 2010

Mortgage companies foreclosed on more homes last month than in any month since the current recession and mortgage crisis began in December 2007 . 95,364 home mortgages were foreclosed last month, up 3 percent from July and an increase of 25 percent from August 2009, according to RealtyTrac. August was the ninth month in a [...]

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Bankruptcy Filings Surge To A Five Year High

August 23, 2010

Personal bankruptcy filings for the year ended June 30, 2010 surged to a five year high, hitting 1.57 million, a 20% increase from the prior year. Furthermore, in the period between April and June, there were 422,061 bankruptcy filings, a 9% increase from the 388,148 in the previous quarter, and up 11% from 381,073 a [...]

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