Bankruptcy nuances in Oklahoma

Edwards Finance > Loans

Q. I was asked a question the other day I didn't know how to answer, hoping you can assist. In Oklahoma, if someone has ZERO assets aside from a 12 yr old car with 200K miles (!), how does one know if that property is "exempt" from a chapter 7 bankruptcy? I noted a whole lot of discrepancy regarding websites listing "blue book" value vs "actual likely selling price" value, on top of that.

A. - not being a lawyer, I can't provide this information with 100% accuracy. I had a friend file bankruptcy a few years back, and he was able to retain his car by proving that it necessary for him to have it - such as it was required for travel to

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