All About Bankruptcy

Can Bankruptcy Really Wipe Out Student Loans and Taxes? Here’s What You Need to Know - Part 2 (Student Loans)

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 easier to settle without going to trial. If you or someone you know is burdened by federal student loans, this is essential listening.
Key Timestamps:
00:00 – Show Intro and Topic Overview00:00 – What Changed in Student Loan Dischargeability00:01 – The Role of Government Enforcement00:02 – How Policy Shift Created a Path to Relief00:03 – New Process Using Attestation Forms00:04 – Predictability and Settlement vs. Trial00:05 – Who Qualifies for Student Loan Discharge00:06 – Private Loans and Ineligible Loans Explained00:07 – Bankruptcy Filing Process and SLAPP Lawsuits00:08 – How Long the Legal Process Takes00:09 – Student Loan Relief While Waiting00:10 – Why Bankruptcy Relief Is Case-by-Case00:11 – Final Thoughts and Call to Action
About the Show:
All About Bankruptcy features straight talk from Oklahoma bankruptcy attorney Luke Homen, founder of ConvenientBankruptcy.com, where clients are empowered to erase debt and rebuild their lives without shame or confusion. The show delivers practical advice for people who want a genuine financial fresh start.
Learn More:
Visit convenientbankruptcy.com to get free resources or schedule a no-obligation consultation.

Can Bankruptcy Really Wipe Out Student Loans and Taxes? Here’s What You Need to Know - Part 1 (Taxes)

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 compared to the IRS, Luke delivers real, actionable advice to help people understand if they qualify for tax relief through bankruptcy.
Key Timestamps:
00:00 – Show Intro and Topic Overview00:00 – Are Student Loans and Taxes Dischargeable?00:01 – Understanding Dischargeability of Tax Debt00:02 – What Are Trust Fund Taxes?00:03 – When Can Personal Income Taxes Be Discharged?00:04 – Why Filing Tax Returns Is Critical00:06 – Late Filing and the 10th Circuit Rule00:07 – How the IRS vs. Oklahoma Tax Commission Treat Late Filings00:08 – Waiting Periods and Court Challenges00:09 – Most Common Bankruptcy and Tax Scenarios00:10 – Difference Between Tax Debt and Tax Liens00:11 – Impact of Tax Liens on Personal Property00:12 – IRS Thresholds vs. Oklahoma Enforcement00:13 – Realistic Expectations and Case Examples00:14 – Why Tax Discharge Can Still Work for Most People00:15 – Closing Call to Action
About the Show:
All About Bankruptcy features debt relief insights from attorney Luke Homen, founder of ConvenientBankruptcy.com, where he helps individuals break free from financial burdens with compassion and clarity. This series brings practical legal advice to those seeking a financial reset.
Learn More:
Explore free resources or schedule a free consultation at convenientbankruptcy.com.

Chapter 7 vs Chapter 13: Choosing the Right Bankruptcy Option

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 - Introduction
00:34 - Luke's personal experience with bankruptcy law
01:13 - Main differences between Chapter 7 and Chapter 13
02:00 - Discussion of case frequency and income limitations
03:49 - Income and asset requirements for different chapters
04:51 - Types of debt typically eliminated in Chapter 7
05:37 - When Chapter 13 is the better choice
09:50 - Discussion on credit system and bankruptcy's role
13:30 - Special benefits of Chapter 13 (car loans, interest rates)
15:15 - Professional license protection through Chapter 13
16:27 - Best first steps for those considering bankruptcy
 
About the Show:
“Bankruptcy Unlocked” with Luke Homen provides clear, practical guidance for those navigating financial difficulties. Each episode breaks down complex bankruptcy concepts into understandable terms, helping listeners make informed decisions about their financial future.

Bankruptcy Basics: Breaking Down the Myths and Realities

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 TIMESTAMPS:
00:00 - Show Introduction
00:52 - Addressing bankruptcy fears and intimidation
01:58 - Simple explanation of what bankruptcy is
02:37 - Origins of bankruptcy stigma
04:49 - Luke's journey into bankruptcy law
05:34 - How bankruptcy helps rebuild credit
06:43 - Credit score factors and repair services
08:07 - Biblical perspective on debt forgiveness
08:51 - Types of debt handled in bankruptcy
11:37 - Financial education and resources
12:45 - Taking the first step towards bankruptcy
15:11 - Power of bankruptcy protection
 
ABOUT THE SHOW:
"All ABout Bankruptcy", hosted by Evan Mack with Oklahoma bankruptcy attorney Luke Homen. Each week, they break down how Chapter 7 and Chapter 13 bankruptcy work in plain language, helping listeners understand their options for debt relief and financial recovery.