Oklahoma Bankruptcy Law

Considering filing bankruptcy in Oklahoma? You need to understand Oklahoma bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving Oklahoma, and some filing statistics for Oklahoma.

Oklahoma Exemptions

Homestead:
160 acres of rural land OR 1 acre of urban land At least 75% of improved area of homestead must be used as principal residence, otherwise exemption is limited to $5,000. See 31 Okla. Stat. § 2.
Details:
Home or manufactured home constituting principal residence of debtor

Motor Vehicle:
$7,500
Details:
Debtor's interest in one motor vehicle


This is just and overview and there is a detailed list of the Oklahoma Bankruptcy Exemptions.

Oklahoma Bankruptcy Courts

If you need more information about the Oklahoma Federal Bankruptcy Courts you can click on the link for your district.

  • Oklahoma Western District
  • Oklahoma Eastern District
  • Oklahoma Northern District

    • Oklahoma Filing Statistics

    Here are the counties in Oklahoma with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 OKLAHOMA
    2820
    2184
    630
    2012 TULSA
    2095
    1815
    279
    2012 CLEVELAND
    884
    664
    220
    2012 CANADIAN
    424
    316
    108

    You can see the information for all counties by visiting the Oklahoma Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in Oklahoma.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    830
    714
    116
    2013 5
    1006
    840
    165
    2013 4
    1084
    943
    141
    2013 3
    1117
    950
    167
    2013 2
    781
    653
    128
    2013 1
    671
    539
    132


    You can see more data by visiting the Oklahoma Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.