All About Bankruptcy

Episode Summary:  In this episode, Luke Homen, an Oklahoma bankruptcy attorney, discusses his new book, "Choosing Bankruptcy," aiming to demystify the bankruptcy process and empower individuals to make informed financial decisions. Luke shares insights on the emotional barriers to filing for bankruptcy, dispels common myths, and highlights the importance of seeking timely assistance to prevent fin...

Episode Summary: In this episode of All About Bankruptcy, Attorney Luke Homen explains what life looks like after filing bankruptcy. He breaks down how soon Oklahomans can get approved for car loans, mortgages, and credit cards, and why lenders often view bankruptcy clients as lower-risk borrowers. Luke also shares insight on rebuilding credit scores, the differences between Chapter 7 and Chapter...

Episode Summary: In this episode of All About Bankruptcy, Attorney Luke Homen explains what life looks like after filing bankruptcy. He breaks down how soon Oklahomans can get approved for car loans, mortgages, and credit cards, and why lenders often view bankruptcy clients as lower-risk borrowers. Luke also shares insight on rebuilding credit scores, the differences between Chapter 7 and Chapter...

Episode Summary: In this episode, Luke Homen explains one of the most common concerns people have about bankruptcy — what property they’re allowed to keep after filing. As the president of Convenient Bankruptcy, Luke walks through Oklahoma’s generous exemption laws and how they protect homes, vehicles, and personal belongings. He breaks down the difference between state and federal exemptions, exp...

Episode Summary: In this informative episode, Luke Homen breaks down one of the most common questions people ask—how much it actually costs to file for bankruptcy in Oklahoma. Luke, president of Convenient Bankruptcy, explains the filing fees for Chapter 7 and Chapter 13 cases, additional required costs like credit counseling and credit reports, and how attorney fees are determined. He also discus...

Episode Summary: In this insightful episode, Luke Homen explains the power of the automatic stay and how it provides immediate legal protection for individuals filing bankruptcy. As the president of Convenient Bankruptcy and a seasoned Oklahoma bankruptcy professional, Luke breaks down how quickly the automatic stay goes into effect, which creditors it impacts, and how long the protection lasts. H...

Episode Summary: In this informative episode, Luke Homen breaks down the essentials of wage garnishment—what it is, how it works, and how individuals can stop it. As the president of Convenient Bankruptcy and one of Oklahoma’s leading bankruptcy professionals, Luke explains the step-by-step process creditors must follow, the limits on how much can be garnished, and what legal protections exist for...

Episode Summary In this episode, Luke breaks down one of the biggest questions people have about Chapter 13 bankruptcy: “What will my monthly plan payment be?” He explains the formula behind the calculation, what factors affect your payment, and how it can change over time. Luke also discusses how income, secured and priority debts, administrative costs, and even life events all come into play. If...

Episode Summary: In this episode of All About Bankruptcy, Oklahoma bankruptcy attorney Luke Homen, founder of Convenient Bankruptcy, talks about the surprising number of ways people can qualify for Chapter 7 bankruptcy. Luke outlines six different paths to eligibility, even for those who think they make too much money or own too many assets. From the median income test and the means test to rare e...

Episode Summary: In this episode of Bankruptcy Unlocked, Oklahoma bankruptcy attorney Luke Homen explains one of the most important protections in bankruptcy law: the automatic stay. Luke breaks down exactly what bankruptcy stops—lawsuits, wage garnishments, foreclosure—and what it doesn’t, such as ongoing evictions or child support obligations. He also explains how Chapter 7 and Chapter 13 differ...

Episode Summary: In this insightful episode of All About Bankruptcy, Oklahoma bankruptcy attorney Luke Homen explains the key players in a bankruptcy case and why having the right legal guide matters. Luke unpacks the differences between debtors, trustees, creditors, and judges, while clarifying how secured and unsecured creditors play distinct roles. He also shares why timing is critical in bankr...

Episode Summary Attorney Luke Homen explores the post-bankruptcy process, detailing the immediate protections of the automatic stay, the 341 meeting of creditors, and strategies for credit repair and financial recovery. The episode provides practical guidance on halting creditor actions, addressing financial challenges, and rebuilding credit to achieve a brighter financial future. Key Timestamps 0...

Episode Summary: In Part 2 of this two-part series, Oklahoma attorney Luke Homen breaks down the real story behind student loan discharge through bankruptcy. While the law itself hasn’t changed, the enforcement policies have shifted—making relief possible for more people than ever. Luke walks through the new attestation process, how the Department of Education evaluates cases, and why it’s now eas...

Episode Summary: In this powerful episode of All About Bankruptcy, Oklahoma attorney Luke Homen explores whether student loans and taxes can be wiped out through bankruptcy. He focuses on tax dischargeability first, breaking down the types of tax debt that can be eliminated and how critical it is to file returns on time. From trust fund taxes and tax liens to Oklahoma’s more flexible treatment com...

Episode Summary: In this informative episode, bankruptcy attorney Luke Homen breaks down the key differences between Chapter 7 and Chapter 13 bankruptcy, helping listeners understand which option might be best for their situation. He explains how income levels affect eligibility, discusses asset protection, and reveals unexpected benefits of each bankruptcy type.   Key Timestamps: 00:00 - Introduc...

EPISODE SUMMARY: In this debut episode, Oklahoma bankruptcy attorney Luke Homen demystifies common misconceptions about bankruptcy and explains how it can be a powerful tool for financial recovery. Luke shares insights on debt forgiveness, credit repair, and the various types of debt that can be handled through bankruptcy, while offering hope to those struggling with financial difficulties.   KEY...