Are You Eligible T File Bankruptcy?

Chapter 7 Eligibility: You are eligible to file for Chapter 7 bankruptcy if you have never filed before, eight years have passed from a previous Chapter 7 filing, or after six years have passed from a previous Chapter 13 filing. There are also certain means test requirements that must be met.  If your monthly household income is less than the Oklahoma median income for a household of your size, you are presumed to be eligible to file for Chapter 7.  We will go into the details with you at your free initial consultation.

Chapter 13 Eligibility: You are eligible for a Chapter 13 bankruptcy discharge if you have never filed before, four years have passed from a previous Chapter 7 discharge, or after two years have passed from a previous Chapter 13 discharge.
                                    
90 Days Before Filing for Bankruptcy:

You must have been an Oklahoma resident for at least 90 days when you file for bankruptcy. If you have not lived in Oklahoma for at least 90 days, then you will need to file for bankruptcy in the state where you previously resided.


Debtor Education Classes:

According to the new bankruptcy laws, you must complete the appropriate credit counseling and debtor education classes prior to filing your bankruptcy petition. At the end of the course, you will be given a Certificate of Completion. This certificate must be included with your final petition or your bankruptcy case may be dismissed. See credit counseling page for more details.

State of Oklahoma Means Test Income Figures for cases filed after May 1, 2023

If Your Gross (before taxes) Income is Within These Limits, You'll Likely Qualify for Chapter 7:

Single Household Earner                $ 55358.00
Two Household Members                $ 69182.00
Three Household Members             $ 77166.00 
Four Household Members               $ 90043.00
Five Household Members                $ 99943.00
Six  Household Members                $ 109873.00 
Seven Household Members             $ 119743.00
Eight Household Members              $ 129643.00
Nine Household Members               $ 139543.00
Ten Household Members                $ 149773.00
                                                          
                                                                                                                                   

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Terry D. Bigby, Attorney at Law, 429 S. Muskogee, Tahlequah, OK 74464
918-456-1782 or 800-699-5893 

Practices as an Oklahoma Bankruptcy Attorney
Licensed in Tulsa Bankruptcy Court and other Oklahoma Courts