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Oklahoma Bankruptcy Laws

Filing Chapter 7 and Chapter 13 bankruptcy in Oklahoma

Bankruptcy laws are designed to help individuals struggling with debt, and Oklahoma laws make it easy to put those protections into practice.

The U.S. bankruptcy code and Oklahoma state laws include an array of tools designed to help gain control of finances and get out of debt. Chapter 7 or Chapter 13 bankruptcy may be the right tools to help you take control of your situation while allowing you to hold on to your property.

If you have questions about how bankruptcy laws could help you get out of debt, get the straight answers from a local Oklahoma bankruptcy attorney today. Simply fill out the case review form below to get started.

Put Oklahoma Bankruptcy Law to work for you

Oklahoma bankruptcy laws provide financial help in two main ways: Property protection and debt relief.

Both Chapter 13 and Chapter 7 bankruptcy cover these bases, although they do so in different ways. Both may be used to stop foreclosure, repossession and harassing creditor phone calls.

Chapter 7 bankruptcy may eliminate most to all unsecured debts. Unsecured debt is debt that isn’t tied to property like a house or car. Unsecured debt may come from credit cards, medical bills or even personal loans.

This debt is retired if, based on the income requirements, you are eligible for Chapter 7 bankruptcy.

For this type of bankruptcy, your secured debts may be handled by a liquidation sale. However, if your property is protected by the Oklahoma bankruptcy exemptions then it won’t be sold.

We’ve provide a general list of the Chapter 7 exemptions in Oklahoma for informational purposes, but consider consulting with a bankruptcy attorney for a clear and complete understanding of how much of your property is covered.


  • Your principal residence, including a manufactured home.


  • 75 percent of weekly earnings earned in 90 days.


  • One motor vehicle worth up to $7,500.

Other Property

  • 100 percent of household and kitchen furniture.
  • All cemetery lots.
  • Up to $10,000 worth of tools for farming.
  • All farm animals.
  • All professionally prescribed health aids.
  • All books, portraits and pictures.
  • Up to $4,000 worth of clothing.
  • Up to $2,000 worth of guns.

Chapter 13 bankruptcy does not involve any liquidation sale, and, therefore may be used to protect larger amounts of property.

To be eligible for this type of bankruptcy you will need some steady source of income that can be used to make a monthly debt payment.

Chapter 13 bankruptcy orders and structures your debts.

So instead of trying to keep up with multiple bills, you’ll make one payment to your court-appointed trustee who will then handle your debts, some of which may have been reduced during the process.


Talk to an Oklahoma Bankruptcy Lawyer Today

This overview of the Chapter 13 and Chapter 7 bankruptcy laws in Oklahoma is by no means complete. You likely have questions about how these laws will apply to you.

If you need answers – or if you’re ready to use these tools to get your financial life under control by filing bankruptcy – speak with a local bankruptcy attorney.

Complete the free case review form on this page or call us, toll free at 877-349-1309, and we’ll connect you with a local sponsoring Oklahoma bankruptcy attorney.

Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local Oklahoma bankruptcy lawyer.

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