Bankruptcy Attorneys in Moore
Living with crushing debt is overwhelming in more ways than one. Fortunately, the U.S. Bankruptcy Code may have a solution—and our job at Alexander Hilton & Associates is to help you take full advantage of those laws.
Bankruptcy is a court-administered form of debt relief. When you file your petition, you benefit from the automatic stay, a court order telling creditors and debt collectors to cease all collection activities. You are then free from calls, letters, lawsuits, foreclosure, repossession, wage garnishment, and more for the duration of your case. Depending on which type of bankruptcy you choose, you might receive a debt discharge after a liquidation process or after a 3-5-year repayment plan.
Whether you are unable to make ends meet or your debt is simply too high to ever repay in full, our Moore bankruptcy lawyers are here to help you understand your options and rights. With our team on your side, financial freedom could be just around the corner.
Learn more by calling (405) 725-1441 or contacting us online. All new clients can begin with a free consultation.
Chapter 7 Bankruptcy
Chapter 7, also called liquidation or straight bankruptcy, requires the bankruptcy trustee to seize your nonexempt assets, sell them, and give the funds to your creditors. While this process sounds intimidating, the truth is that most Chapter 7 filers can protect most or all their assets through state or federal exemption laws. A bankruptcy exemption is an asset or level of equity that you can legally shield from liquidation.
Once this process is complete, the court will discharge any remaining unsecured debt (e.g. credit card debt, utility bills, medical bills, payday loans, etc.). A debt discharge is the elimination of your liability for that debt, which means you are no longer legally obligated to pay it, and debt collectors can no longer contact you or take you to court.
To qualify for Chapter 7, you typically must make less than your state’s median income for a household of your size. However, you may still qualify if you make more than the median, but you will need to complete more complex calculations involving your assets and expenses. This is called the means test, and our attorneys can help you determine whether you are eligible and whether Chapter 7 is the right answer to your financial challenges.
Chapter 13 Bankruptcy
Chapter 13 does not liquidate your assets. Instead, you will make monthly payments to the bankruptcy trustee for 3-5 years. The trustee then redistributes these payments to your creditors.
Fortunately, your monthly payment is dictated by your income and expenses, rather than the amount of money you owe. If you have a steady income, therefore, Chapter 13 is likely a viable option. Like Chapter 7, Chapter 13 results in a debt discharge of remaining unsecured debt, but you must complete your 3-5-year plan before this discharge.
Chapter 13 is a solution for debtors who cannot qualify for Chapter 7 or would lose their assets through the Chapter 7 liquidation process. Many debtors use Chapter 13 to rescue their homes from foreclosure, as the automatic stay prevents or suspends the foreclosure process, and the debtor can use the 3-5 years to make regular payments and catch up on arrears. Some Chapter 13 filers even benefit from a mortgage cramdown, in which the court reduces what you owe to the property’s fair market value.
Our Other Bankruptcy Services
At Alexander Hilton & Associates, our Moore bankruptcy attorneys provide more than just filing assistance.
We also help with:
- Life after bankruptcy
- Credit repair
- Creditor harassment
- Bankruptcy alternatives
- Foreclosure and repossession defense
- Wage garnishment defense
Essentially, our goal is to help you overcome your financial crisis by any means necessary. We can assure you that you have more options than you believe, and we can help you determine which option will most efficiently and effectively accomplish your goals.
Ready to begin your journey toward financial freedom? Give us a call at (405) 725-1441 or contact us online today.
What Sets Us Apart
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Representation From a Law Firm With One of the Highest Client Satisfaction Ratings in the State.
Our dedication to client success has earned us top satisfaction ratings, ensuring you receive trusted, results-driven legal support.
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Personalized Attention From Start to Finish.
We take a hands-on approach to your case, providing direct support and tailored legal guidance every step of the way.
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Affordable Chapter 7 Bankruptcy Payment Options.
We offer flexible payment plans to make Chapter 7 bankruptcy more accessible, helping you move forward without added financial stress.
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Evening and Weekend Appointment Availability.
With evening and weekend appointments, we make it easy to get the legal help you need, on your schedule.
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After years of struggling w/deriorating health due to a series of heart attacks,I struggled with trying to maintain my chiropractic practice and remain current with my current obligations. The struggle became unbearable with the COVID 19 shutdown and I really don't know what I would have done without the very capable counsel of Atty.Alex Hilton. I was interviewed at length,explained what was expected of me and told how to collect the necessary documents. I will be forever grateful for the compassion and expertise demonstrated by this law firm .Thomas Joyce
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A wonderful, professional attorney who cares! Recently we were at our darkest moment, financially speaking. However, Mr. Hilton clearly explained our legal rights and obligations and demystified the bankruptcy process for us. No surprises at all -- I could not recommend him more highly!Aaron
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Calling Alex was the best decision we have made!!! We were in a bad situation and had previously recieved some bad advice that made our financial situation even worse. Alex agreed to meet us the same day we called him and he even stayed late to do so! After looking over our mess, he gave us his advice and he answered EVERY SINGLE QUESTION we had! The rest is history! He did everything he said he would!! If you need help and are looking for a bankruptcy attorney, then look no further!! Call Alex today! You will not regret it!Kenna
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Our case was complicated and our situation was dire. I was a nervous wreck. Mr. Hilton assured me that once I stepped foot in his office that our problems because his problems and to no longer worry about it. Of course we are only human so that wasn’t possible however, true to his word he took our case, which wasn’t just a straight forward easy chapter 7, and got it sorted out and got our discharge. I would HIGHLY recommend him.Steven
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My mother and I have used Mr. Hilton's services on two separate occasions, and we cannot say enough good things about him -- as an attorney, and as a person. He is approachable, polite, transparent about his business practices, sympathetic to each client's particular financial situation and, of course, very knowledgeable about the laws pertaining Chapter 7 bankruptcies. Whenever either of us had a question about the process, he answered our queries thoroughly, making sure we understood everything we needed to before moving forward. Subsequently, what could have been nightmarish ordeals for us both instead were handled with relative ease and care. If you are looking for someone to help you get back on track financially without judgment or the fear of being overwhelmed by what can be an arduous and costly process, then Alex Hilton is your man.Khan
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My wife was so nervous to file bankruptcy and Mr. Hilton talked with her and gave her the history of bankruptcy and the reasoning that is was the right thing to do in our case which set her mind at ease. Mr. Hilton is always there if we have questions and always quick with return emails and phone calls. Even months after everything is finished he is still there for us. Cannot recommend this man highly enough to do him the proper justice.L & M Johnson
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It's been almost a year since Mr. Hilton saved us from a desperate situation. He helped us overcome an incredible burden and helped relieve a tremendous amount of financial stress we were dealing with on a daily basis. Personally, I was terrified and overwhelmed and he helped make an impossible situation manageable and he did so with patience and extreme kindness. He answered all of our questions and was always prompt with returning phone calls. The entire process was seamless for us and we couldn't have asked for a better attorney to represent us during the bankruptcy process.M&S B.
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After having a flake for our 1st attorney, Alex Hilton turned our case around and got us amazing results. He worked hard on our mess of a Chapter 13 case. I will recommend him to anyone I know that is in need of a Bankruptcy Attorney. He is kind , compassionate and doesn't mess aroundFormer Client
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Stop Garnishment
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Stop Foreclosure!
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FAQ About Bankruptcy
