Bankruptcy Law

Bankruptcy Attorney for Chapter 7 & 13

Bankruptcy Law is a consumer protection law, which is a federal process that allows you to have your qualifying debts forgiven. The law recognizes that bad things can happen to good people and sometimes you simply do not have the ability to fulfill your creditor's repayment demands. Bankruptcy law does not seek to deter or regulate certain behavior, as other laws do. It simply recognizes that there are sometimes circumstances that are beyond your control, which can only be addressed through the cancellation of debts. Mark L. Hoose, PC. has over 30 years of experience handling bankruptcy matters.

Chapter 7

Chapter 7 bankruptcy is the process of canceling many, or all, of your debts. Also referred to as "straight" or "liquidation" bankruptcy because a trustee might be able to sell or liquidate some of your assets to repay creditors. The filing process is long and complex and each case is unique depending on your individual circumstances. The dedicated and hard-working attorney Mark L. Hoose, PC., will help with your bankruptcy in Oklahoma County, Logan County, Canadian County, Lincoln County, Cleveland County, and Kingfisher County, Oklahoma.

Chapter 13

Chapter 13 is also known as consumer bankruptcy and is available to only individual consumers rather than businesses. The key differentiator with chapter 13 bankruptcy is that unsecured debts are addressed interest free. This helps you set up a payment plan that is manageable to pay back over time without high monthly interest rates keeping debts accruing. Chapter 13 bankruptcy also prevents liquidation of your assets and property that is considered exempt or protected.