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Business Debts

The interest in launching something innovative often leads to venturing into business initiatives. In the U.S. the individuals find great platforms and get good support to start their own business and this spirit of entrepreneurship is much appreciated by society. However, there are ample things to reckon before one decides to take the big plunge into the business world of U.S. – the business venture could either be big or small, the invention of the new or expansion of the old. The foremost factor to consider in starting a business venture is the availability of a proper business [...]

2023-03-13T09:04:51+00:00
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Bankruptcy Trustee’s Role in Chapter 11 Filing

Almost all bankruptcy filings get a trustee assigned to their case by the court. Chapter 11 is no different in this regard and the role of the bankruptcy trustee in the Chapter 11 scenario is as follows: The U.S Trustee assigned by the court for Chapter 11 bankruptcy will oversee the entire case as it progresses and also review how the case is being administered The Trustee will also be responsible for monitoring the debtor under purview, while his business continues to operate normally The Trustee will be responsible for collecting the fee from the debtor. This is [...]

2023-03-07T10:44:17+00:00
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Bankruptcy Preparations in California

Many honest and upright taxpayers are having a tough time making ends meet. This is because of the overwhelming debts accumulated thanks to numerous credit card bills, medical bills, etc. Though undesirable, bankruptcy provides you with a clean slate to get a fresh start as far as unpaid dues are concerned, it is not a child’s play to declare bankruptcy, especially in California. With unforeseen expenditures like huge medical bills or divorce causing you to spend double the amount of money, there is a serious requirement for debt relief among people. It is important to be prepared for [...]

2021-12-08T04:46:24+00:00
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Bankruptcy Lawyers Guidance for Debt Relief Options

At Recovery law Group, we help you deal with in-excessive debt which you may have accumulated over the years. If you are a victim to insurmountable debt, do not worry, as we have experienced lawyers who will be at your service to bring you out of your misery. We will study your case, and support with you with the best available solution as per your case and scenario. Not only will we guide you in coming out of this debt, but also provide alternatives and options to help your overcome your dire days and take a fresh start [...]

2019-06-14T07:50:58+00:00
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Bankruptcy and Bitcoin

The value of Bitcoin that had been launched in 2009 by Satoshi Nakamoto, has shot up in its value over the years. Gone are the days that close to 10,000 bitcoins were needed to buy a Papa John’s pizza. It now trades at $6,500 and the price of each bitcoin increased to $20,000. Notwithstanding the changes in its trading value, The percentage of buyers or investors in bitcoin money has not declined. That is why we see many people all around the world, own bitcoins or other types of cryptocurrencies. Have you queried what happens to them or [...]

2023-01-12T08:52:18+00:00
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Bankruptcy – An Advisable Strategic Move

Since the bankruptcy law overhaul in the year 2005, there has been a forecast of reduction in the number of Chapter 7 and Chapter 13 bankruptcy filings. The Federal Reserve Bank of New York in a report states that this condition could be a trend. On the other hand, it also indicates, that filing for bankruptcy is not as negative and bad as believed by the public. The lack of understanding amongst the U.S. public about the way bankruptcy works is mainly the reason for the forecast of a decline in bankruptcy filings. There’s more to the same [...]

2019-06-14T07:51:57+00:00
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All You Needed to Know About Filing for Bankruptcy for a Second Time

In case you have been through rough financial weather, and have previously filed for bankruptcy, you do not have to worry if you find yourself in a bad financial situation again. Though bankruptcy helps you to get a fresh start, bills can start piling up again. Getting discharge previously does not mean that you cannot file for bankruptcy again. If you find yourself in a similar situation, it is important to know whether you can file for bankruptcy again in California. According to Los Angeles based law firm Recovery Law Group , it is possible to file for [...]

2019-09-18T11:25:43+00:00
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Why Do You Need Legal Guidance for Filing Chapter 7 Bankruptcy in Los Angeles?

Sometimes, debt reorganization, repayment plans, etc. are not enough to get rid of the overwhelming debt accumulated by people. For such individuals, Chapter 7 bankruptcy is the only solution available. This type of bankruptcy is also known as liquidation bankruptcy, wherein the non-exempt property of the individual is sold off and the money so generated is distributed among creditors. After this, lawyers of Los Angeles based law firm Recovery Law Group clarify that any remaining debts are discharged. Considering the complexity of cases, it is vital that you consult adept bankruptcy lawyers to help you out in Chapter [...]

2023-01-12T08:49:53+00:00
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What to Expect While working with a Bankruptcy Attorney?

Financial issues can be quite demanding and confusing at the same time. Though the law does not require that you be represented by a lawyer while filing for bankruptcy, it is often advised to do so. The reason for this is that bankruptcy petition filing or a 341 hearing is much more complex than just filling out a few forms. There is a lot more that a bankruptcy lawyer can help you with. Here’s looking at some of the advantages that having a bankruptcy lawyer brings to the case: Help determine which chapter of bankruptcy will suit your [...]

2023-01-11T12:18:57+00:00
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What is The Difference between Chapter 7 and Chapter 13 Bankruptcy?

Falling behind on payments can have drastic results. You are almost never able to come out of the vicious cycle of dues and payments. Bankruptcy can help you come out of grave financial situations. However, it can be quite confusing as there are a number of chapters under which individuals or organizations can file for bankruptcy. It is therefore important to consult a bankruptcy attorney to help you, who can guide which chapter will provide you better options. Bankruptcy lawyers, such as those of Los Angeles based law firm Recovery Law Group can help you understand the difference [...]

2019-05-20T09:43:30+00:00
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PAID ATTORNEY ADVERTISEMENT: Wajda & Associates is a law firm. This website is an advertisement. It is not a lawyer referral service or prepaid legal services plan. Each of the lawyers on this site are either Managers, Members, Partners, Limited Partners or staff attorneys. An attorney responsible for the content of this Site is Nicholas Wajda, APC. licensed in California, Texas, and Indiana with offices at 309 W 11th Street Anderson, IN 46016. To see the attorney in your area who is responsible for this advertisement, please  Click here.  Prior results do not guarantee a similar outcome.
We help people file bankruptcy petitions to obtain relief under the bankruptcy code.