Best Bankruptcy Lawyers in Broken Arrow, OK

Find relief for your overwelming debt. The kind of debt relief depends on several circumstances including their relative debt, income, and assets. A skilled bankruptcy attorney can assist you in determining which type of bankruptcy you may be eligible for and counsel you as to whether this is the best way forward for you and your family in getting a new lease on your financial life.

If you choose to file for Chapter 13 bankruptcy, you will not be required to liquidate your possessions, but rather will agree to a repayment plan at a lower rate than your current monthly bills and will diligently pay these debts back at the more reasonable rate over three to five years. As long as you make your negotiated payments, you will be able to retain your assets.

Whether a will or a trust might be better for you and your family depends largely on the specifics of your financial situation. Families with less complex asset portfolios can benefit from the affordability and simplicity a will provides, while families who require a more versatile estate plan may find the extra time, expense, and energy that trust requires well worth it. However, this is entirely circumstantial. Your estate planning lawyer can help you evaluate your financial situation in determining whether a will or a trust may be better for you.