There may be a time when you fall behind on your bills. While it may be fine for this to happen sometimes, it becomes an issue when the unpaid dues pile up and eventually become a mountain of credit card debt. <\/span>Situations like this may indicate the need to take extreme measures like <\/b>filing bankruptcy<\/b><\/a>, the most common being Chapter 7 bankruptcy.<\/b><\/p>\n Although Chapter 7 bankruptcy filing can help you achieve debt relief quickly, the process can be complicated, especially without legal help. Petitioning for Chapter 7 also has some limitations on which financial obligations it can wipe out. <\/span>Nevertheless, it still allows you to get rid of your debt quickly and safely, particularly <\/b>if you know all about what is the role of the bankruptcy trustee in Chapter 7 in Oklahoma City, OK.<\/span><\/p>\n Working alongside an <\/span>OKC bankruptcy attorney<\/span><\/a> is the key to getting more information on the bankruptcy trustee’s role in Chapter 7 and bankruptcy basics. Schedule a free consultation with Scott Harris Law, PLLC, to start the process of erasing your debt legally!<\/span><\/p>\n <\/p>\n The legal assistance of a competent Oklahoma City bankruptcy attorney may give you peace of mind despite owing large sums. Filing for bankruptcy could be the only way to get out of debt for most people, and <\/span>having a bankruptcy lawyer helping you take legal action provides a way to have every detail processed smoothly.<\/b><\/p>\n Apart from skills, knowledge, and state-wide recognition, Atty. Scott Harris believes that every OKC bankruptcy attorney must have these qualities to be capable of being a solid personal representative for all clients:<\/span><\/p>\n Contact us today<\/span><\/a> if you need legal advice on what to do next or feel stuck in your current situation. Attaining your financial freedom may only be a skilled Oklahoma City bankruptcy attorney away!<\/span><\/p>\n <\/p>\n The Bankruptcy Code defines <\/span>Chapter 7 bankruptcy as a federal legal process by the United States government that allows a group or individual debtor an opportunity to be discharged from debts by selling assets unprotected by a bankruptcy exemption<\/b>.<\/span>\u00a0<\/b><\/p>\n Also called <\/span>liquidation bankruptcy<\/b>, the Chapter 7 bankruptcy proceedings will most likely cost you most of your assets, which may include your car or house. Individuals opting to file bankruptcy under this chapter often look for a way to get a fresh start as soon as possible. Your debts <\/span>may be discharged in as little as three to six months<\/b> when filing Chapter 7.<\/span><\/p>\n As a requirement before filing bankruptcy under Chapter 7, the individual or partnership must show up to a United States bankruptcy court and follow any orders given <\/span>180 days before submitting the petition<\/b>. You must also <\/span>undergo credit counseling from an approved United States government-approved credit counseling agency within 180 days before filing<\/b> unless you qualify for an exception.<\/span><\/p>\n In addition, <\/span>you should pass a Chapter 7 means test and a totality of the circumstances test <\/b>to determine if your current situation makes you eligible for a Chapter 7 bankruptcy case.<\/span><\/p>\n <\/p>\n According to the Bankruptcy Code, t<\/span>he primary responsibility of the bankruptcy trustee during Chapter 7 proceedings is gathering and liquidating all non-exempt property.<\/b> Once finished with Chapter 7 bankruptcy filing, you technically no longer own your non-exempt assets.<\/b> The trustee will hold it in a bankruptcy estate.\u00a0<\/span><\/p>\n The following sections contain information on what is the role of the bankruptcy trustee in Chapter 7 in Oklahoma City, OK, apart from being the bankruptcy administrator:<\/span><\/p>\n <\/p>\n During the bankruptcy procedure for Chapter 7, you are required to disclose some financial and personal details such as your <\/span>income<\/b>, <\/span>property<\/b>, <\/span>debts<\/b>, <\/span>the status of your bankruptcy schedules<\/b>, and <\/span>documents<\/b>. The bankruptcy trustee in Chapter 7 has to review your petition and confirm if all the information you provided is accurate.<\/span><\/p>\n For example, the United States trustee will check pay stubs and tax returns to verify the accuracy of your declared monthly income.<\/span><\/p>\n <\/p>\n Approximately 30 days after filing your bankruptcy case, you have to attend the 341 meeting of creditors conducted by the Chapter 7 trustee. <\/span>While under oath, the trustee will interview you to ask about everything found on the bankruptcy forms you filled out and the documents you submitted.<\/b><\/p>\n It is worth noting that unless your creditors suspect you of hiding some assets, they typically DO NOT attend the 341 meetings. The trustee will also use the interview to investigate an undisclosed property you may have.<\/span><\/p>\n <\/p>\n This is the most critical role of the trustee. Although they must be fair to you, they are more concerned about your creditors\u2019 best interest.<\/span><\/p>\n When performing this duty, the OKC Chapter 7 trustee also makes sure that:<\/span><\/p>\n <\/p>\n Scott Harris is the man for the job if you are looking for a reliable Oklahoma City bankruptcy attorney to help you file for Chapter 7 bankruptcy. Since opening his bankruptcy law firm in 2009, he has worked tirelessly to ensure Oklahoma residents have a skilled attorney they could come to each time they experience financial issues.\u00a0<\/span><\/p>\n Scott Harris Law, PLLC also provides legal services in other bankruptcy practice areas,<\/span> including <\/span>student loan debt<\/span><\/a>, <\/span>debt consolidation<\/span><\/a>, and <\/span>Chapter 13 bankruptcy filing<\/span><\/a>.\u00a0<\/span><\/p>\n If you have any questions about the bankruptcy trustee’s role in Chapter 7 or anything related to debt relief services, do not hesitate to call our law office to schedule an appointment!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Achieve a debt-free life with knowledge of the trustee’s role in Chapter 7 bankruptcy There may be a time when you fall behind on your bills. While it may be fine for this to happen sometimes, it becomes an issue when the unpaid dues pile up and eventually become a mountain of credit card debt. […]<\/p>\n","protected":false},"author":1,"featured_media":1203,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/pages\/1351"}],"collection":[{"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/comments?post=1351"}],"version-history":[{"count":1,"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/pages\/1351\/revisions"}],"predecessor-version":[{"id":1352,"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/pages\/1351\/revisions\/1352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/media\/1203"}],"wp:attachment":[{"href":"https:\/\/scottharrislaw.com\/wp-json\/wp\/v2\/media?parent=1351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why Do I Need an Oklahoma City, OK, Bankruptcy Lawyer?<\/b><\/h2>\n
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What is Chapter 7 Bankruptcy?<\/b><\/h2>\n
What is the Bankruptcy Trustee’s Role in Chapter 7?<\/b><\/h2>\n
Examine your paperwork<\/b><\/h3>\n
Verify your identification<\/b><\/h3>\n
Pay your creditors<\/b><\/h3>\n
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Call our Oklahoma Bankruptcy Attorney Immediately!<\/b><\/h2>\n