Legal Question in Bankruptcy in Oklahoma
what can they take if file for bankruptcy?
When filing for bankruptcy, what all can be taken from me? My house, household goods, etc. Does it depend on which type of banktupcy I file?
Asked on 10/07/97, 8:04 pm
1 Answer from Attorneys
Patrick A. T. West
Ohio Ticket Defense Patrick A. T. West, Attorney at Law
Bankruptcy - what can be taken
When you file bankruptcy, everything you own or haveany claim to at the time of filing becomes part of the bankruptcy estate and may be sold to satisfy the claims of your creditors unless it is exempt.
Exemptions are set by Oklahoma state law, primarily in 31 OSA. You need to consult an attorney in your locality for complete information.
Never file bankruptcy unless you are at risk of losing property or wages by attachment or garnishment.
Answered on 10/08/97, 11:48 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
