Bankruptcy Lawyers in Midwest City
Begin Your Path Toward a Debt-Free Future
Bankruptcy is an intimidating concept for those who don’t fully understand it or have heard only the most negative stereotypes. However, bankruptcy has existed for hundreds of years, allowing millions of people to free themselves from levels of debt that are simply impossible to repay. Today, credit cards and loans have exceedingly high interest rates, which allow debtors to make substantial monthly payments while hardly reducing their principal. It is a vicious cycle, and it must end.
At Alexander Hilton & Associates, we take great pride in our ability to break this cycle. With more than a quarter-century of experience, we know our way around the U.S. Bankruptcy Code, and we know how to work these laws to your advantage. With our help, financial freedom may be right around the corner.
Services You Can Trust
Alexander Hilton & Associates is exclusively a bankruptcy law firm. As such, we have developed the skills and resources needed to guide clients through all aspects of bankruptcy, dispelling myths and answering questions every step of the way. Our goal is to empower our clients, which is why we work to build their understanding of the legal system and their rights under the U.S. Bankruptcy Code.
You can trust our attorneys to help you with any of the following:
- Chapter 7 Bankruptcy. Also called “liquidation” bankruptcy, Chapter 7 requires the trustee to sell your nonexempt assets and give the proceeds to qualifying creditors. You must qualify by passing the means test, which compares your income, assets, and level of debt with others in your state. At the end of the process, you can receive a debt discharge.
- Chapter 13 Bankruptcy. Chapter 13 is the “wage-earner’s plan” because it requires you to make monthly payments to the trustee for 3-5 years. The trustee distributes it to your creditors, and the court can discharge remaining unsecured debt once you finish the plan. Chapter 13 does not involve a liquidation process.
- Debt Discharge. Bankruptcy generally ends with a debt discharge, which eliminates your legal obligation to pay certain debts. Once your debt is discharged, creditors can no longer come after you for payments. Bankruptcy can typically only discharge unsecured debts, such as credit card debt, payday loans, medical bills, and utility bills.
- Wage Garnishment. If a creditor files a lawsuit against you and wins, the court may allow them to garnish your wages (i.e. take money directly out of your paycheck). To end this process, we may employ one of several methods, such as bankruptcy.
- Life After Bankruptcy. From repairing your credit to taking out new loans, we can help you make the right moves to build a better future after filing bankruptcy.
- The Fair Debt Collection Practices Act. Debt collection is legal, so long as creditors respect your rights under the FDCPA. If the don’t, their tactics qualify as creditor harassment, and we can take them to court to obtain compensation on your behalf.
- Bankruptcy Alternatives. Bankruptcy is a great way to free yourself from debt, but it isn’t right for everyone. After closely assessing your situation, we can determine whether a bankruptcy alternative may accomplish your goals in a more efficient, affordable, and risk-free manner.
When you come to Alexander Hilton & Associates, you can trust our Midwest City bankruptcy attorneys to put your best interests first. We understand that months or years of financial hardship can take a serious toll, and we want to help you achieve freedom from this burden as soon as possible.