Comments on: What is Chapter 7 bankruptcy in Oklahoma? http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/ Oklahoma's trusted source for accurate and reliable information about consumer bankruptcy. Written by Tulsa bankruptcy attorney Dan Nunley who helps Oklahoma consumers and small business owners get relief from serious debt problems through Chapter 7 and Chapter 13 bankruptcy. Sat, 31 Jul 2010 00:12:30 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Dan Nunley http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3357 Dan Nunley Wed, 17 Mar 2010 04:03:40 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3357 Perry, In a Chapter 7 bankruptcy, you would be able to exempt your homestead but not the mobile home. Whether or not a Chapter 7 trustee would take the mobile home depends on it's true fair market value and how much the trustee could realize from its sale. If the trustee's intent was to take the mobile home, you would have the first opportunity to "buy back" the mobile home by paying the trustee it's fair market value. In a Chapter 13, you would be required to pay the fair market value of your non-exempt assets including the mobile home to your unsecured creditors. Dan Nunley Perry,

In a Chapter 7 bankruptcy, you would be able to exempt your homestead but not the mobile home. Whether or not a Chapter 7 trustee would take the mobile home depends on it’s true fair market value and how much the trustee could realize from its sale. If the trustee’s intent was to take the mobile home, you would have the first opportunity to “buy back” the mobile home by paying the trustee it’s fair market value. In a Chapter 13, you would be required to pay the fair market value of your non-exempt assets including the mobile home to your unsecured creditors.

Dan Nunley

]]> By: Perry McGill http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3347 Perry McGill Mon, 15 Mar 2010 22:50:17 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3347 I have my primary residence and am current on my mortgage payments. However, I also own free and clear a mobile home which my disabled sister lives in. If I file Chapter 7 bankruptcy, would my mobile home be exempt from creditors? It's worth about $5,000.00. I'm leaning toward filing a Chapter 13. I would appreciate any advice you can give me. I have my primary residence and am current on my mortgage payments. However, I also own free and clear a mobile home which my disabled sister lives in. If I file Chapter 7 bankruptcy, would my mobile home be exempt from creditors? It’s worth about $5,000.00. I’m leaning toward filing a Chapter 13. I would appreciate any advice you can give me.

]]> By: Dan Nunley http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3331 Dan Nunley Sat, 13 Mar 2010 23:35:54 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3331 Jene, I will contact you directly to discuss your situation with you. Dan Nunley Jene,

I will contact you directly to discuss your situation with you.

Dan Nunley

]]> By: Jene Martin http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3294 Jene Martin Fri, 05 Mar 2010 18:43:03 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3294 Thank you for your web site. I am being sued so I plan on calling you. I owe about $33,000 in credit cards and my house is in foreclosure. I was hoping I could work it out but I guess not. I make about $35,000 a year. I am about to owe the IRS $2000 - $4000. I know I will have to pay that unless I do Chapter 13, but I don't think I can swing a 13. If I do a Chapter 7, I only own a Vespa scooter worth about $5,600, a TV worth $800 that I just got for free from my job, a defective Playstation 3 and Xbox 360. What would I lose and can i make arrangments with the IRS outside of this? Thank you for your web site. I am being sued so I plan on calling you. I owe about $33,000 in credit cards and my house is in foreclosure. I was hoping I could work it out but I guess not. I make about $35,000 a year. I am about to owe the IRS $2000 – $4000. I know I will have to pay that unless I do Chapter 13, but I don’t think I can swing a 13. If I do a Chapter 7, I only own a Vespa scooter worth about $5,600, a TV worth $800 that I just got for free from my job, a defective Playstation 3 and Xbox 360. What would I lose and can i make arrangments with the IRS outside of this?

]]> By: Dan Nunley http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3288 Dan Nunley Fri, 05 Mar 2010 15:43:52 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3288 Mandy, As Lawton is located in the Western District of Oklahoma and I represent bankruptcy clients only in the Eastern and Northern Districts of Oklahoma, I would suggest that you use the <a href="http://www.nacba.org/attorneyfinder/" rel="nofollow">Attorney Finder</a> provided by the National Association of Consumer Bankruptcy Attorneys. I wish you well. Dan Nunley Mandy,

As Lawton is located in the Western District of Oklahoma and I represent bankruptcy clients only in the Eastern and Northern Districts of Oklahoma, I would suggest that you use the Attorney Finder provided by the National Association of Consumer Bankruptcy Attorneys. I wish you well.

Dan Nunley

]]> By: Mandy http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3124 Mandy Sun, 28 Feb 2010 20:30:07 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3124 I make around $24,000 per year but have around $30,000 in unsecured debt. I have been debating on filing bankruptcy because I am juggling 2 jobs just to pay my debt and at the end of the day I can not even afford to eat or get back and forth to work. I am struggling to live. I don't want to file but I don't see any alternative. I am also seeking an attorney could you make any suggestions. I live in Lawton, Oklahoma. Any advice would be helpful. I make around $24,000 per year but have around $30,000 in unsecured debt. I have been debating on filing bankruptcy because I am juggling 2 jobs just to pay my debt and at the end of the day I can not even afford to eat or get back and forth to work. I am struggling to live. I don’t want to file but I don’t see any alternative. I am also seeking an attorney could you make any suggestions. I live in Lawton, Oklahoma. Any advice would be helpful.

]]> By: Dan Nunley http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3035 Dan Nunley Sun, 14 Feb 2010 02:37:50 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3035 Linda, No it's not too late yet but you don't want to delay any further. A successful Chapter 13 bankruptcy that will save your home from foreclosure is not something that can just be thrown together at the last minute. And a lack of planning on your part will not constitute an emergency for your bankruptcy attorney. So don't wait any longer. If you're serious about saving your home, give me a call at 918-615-8260 first thing Monday morning. Dan Nunley Linda,

No it’s not too late yet but you don’t want to delay any further. A successful Chapter 13 bankruptcy that will save your home from foreclosure is not something that can just be thrown together at the last minute. And a lack of planning on your part will not constitute an emergency for your bankruptcy attorney. So don’t wait any longer. If you’re serious about saving your home, give me a call at 918-615-8260 first thing Monday morning.

Dan Nunley

]]> By: Linda Norton http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-3033 Linda Norton Sat, 13 Feb 2010 23:48:08 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-3033 I am in financial debt with bills. My mortgage is in default and I have until February 23, 2010 to get caught up to cure the default or my home will go into to foreclosure. Is it too late for me to consider filing bankruptcy 13? I am running out of options. I am in financial debt with bills. My mortgage is in default and I have until February 23, 2010 to get caught up to cure the default or my home will go into to foreclosure. Is it too late for me to consider filing bankruptcy 13? I am running out of options.

]]> By: Dan Nunley http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-2358 Dan Nunley Tue, 29 Dec 2009 03:03:40 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-2358 Charity, No you won't automatically lose your house. However, you must get current quickly if you want to keep your house. Chapter 7 bankruptcy does nothing to cure a mortgage arrearage and your mortgage company will likely file a Motion for Relief from the Automatic Stay to gain permission from the bankruptcy court to proceed to foreclose against your home. If you can't afford your home, a Chapter 7 bankruptcy will allow you to surrender your home and not owe another penny to your mortgage company. If you are set on keeping your house but are unable to get current on your payments, you should talk with a knowledgeable bankruptcy attorney about Chapter 13 bankruptcy which is designed to save homes from foreclosure. Dan Nunley Charity,

No you won’t automatically lose your house. However, you must get current quickly if you want to keep your house. Chapter 7 bankruptcy does nothing to cure a mortgage arrearage and your mortgage company will likely file a Motion for Relief from the Automatic Stay to gain permission from the bankruptcy court to proceed to foreclose against your home. If you can’t afford your home, a Chapter 7 bankruptcy will allow you to surrender your home and not owe another penny to your mortgage company. If you are set on keeping your house but are unable to get current on your payments, you should talk with a knowledgeable bankruptcy attorney about Chapter 13 bankruptcy which is designed to save homes from foreclosure.

Dan Nunley

]]> By: Charity http://www.oklahoma-bankruptcy-attorney.com/chapter-7/what-is-chapter-7-bankruptcy-in-oklahoma/comment-page-1/#comment-2357 Charity Mon, 28 Dec 2009 20:57:22 +0000 http://www.oklahoma-bankruptcy-attorney.com/?p=203#comment-2357 Will I automatically lose my house if I am behind on payments and want/need to file a Chapter 7? Or can I include the house in the Chapter 7? Will I automatically lose my house if I am behind on payments and want/need to file a Chapter 7? Or can I include the house in the Chapter 7?

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