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Excellent Tips for You After Bankruptcy

More often than not, circumstances cause people to take debts which they are unable to clear. Since debts keep on piling, the only solution to get respite from threats from creditors is filing for bankruptcy. Individuals, as well as business organizations going through a bad financial phase, get a new lease of life and a fresh financial start thanks to bankruptcy. However, bankruptcy lawyers of Sacramento based law firm Recovery Law Group suggest some tips for debtors to follow after their bankruptcy case are closed and all their debts discharged: […]

2025-08-21T11:41:28+00:00
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Hiding Assets Could Cost You More Than You Intend to Save

While filing for bankruptcy, it is mandatory for all filers to disclose their assets in their petition. It is extremely important that bankruptcy filers are truthful in their declaration and do not try to hide their assets. Some people have the opinion that if they hide their assets, those assets will remain secure and would not be taken away by the court during bankruptcy proceedings. However, probably unknown to them, they are committing perjury which is reprimanded by penalties, which in the long run may prove costlier to the filer. […]

2025-08-06T06:44:09+00:00
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Corporate Bankruptcy and the Stigma Attached to It

Filing for bankruptcy is a practice that provides a new lease of life to not just financially struggling individuals but also ailing companies. However, the social stigma attached to bankruptcy may cause more mayhem in the business world. According to Los Angeles, based law firm Recovery Law Group a stigma does exist with corporate bankruptcy. However, there have been many instances where companies have flourished after declaring for bankruptcy. The latest case of Cadillac and General Motors is proof of the stigma attached to corporate bankruptcy. […]

2025-08-06T07:24:43+00:00
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Can People Flourish Even after Bankruptcy?

One of the most common misconceptions about bankruptcy is that it finishes off a person’s finances completely. Nothing could be farther than truth as bankruptcy offers people to make a fresh start. Once a debtor has received a bankruptcy discharge, they can initiate the process of starting over. Unlike popular belief, a person can thrive well after the bankruptcy discharge. According to Los Angeles based law firm Recovery Law Group, these few steps can help rebuild your life after bankruptcy: Make sure that you live well within your means. Though it may seem impossible in the beginning, you [...]

2025-08-21T09:04:50+00:00
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Bankruptcy and its Impact on Divorce and Domestic Support Responsibilities

Financial troubles are more common than people would like to think. More often than not, people opt for bankruptcy which can help reduce the burden of debt on the filer’s shoulders. However, despite bankruptcy, there are certain debts which cannot be discharged. These include government taxes, student loans, and divorce and domestic support. There is contention whether a private contract made between spouses in a pro se divorce case can be considered equivalent to a non-dischargeable domestic support obligation under the U.S. Bankruptcy Code. […]

2025-08-08T06:17:17+00:00
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How to know it’s Time to Consider Bankruptcy?

Misfortune can happen to anyone, at any time. It is important to keep a steady head and look for the best possible solution to your financial troubles. Unfortunate circumstances can cause even the most responsible person to go through a bad financial period. An unexpected long illness, job loss, or expensive divorce can derail even the best people financially. In case you too are going through such a phase of financial struggle and are wondering whether it is time to file for bankruptcy, Sacramento based law firm Recovery Law Group provides you four signs to identify the problem [...]

2021-12-08T06:14:18+00:00
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Busting Common Bankruptcy Associated Myths

There are many myths when it comes to bankruptcy; many of which are spread with a malicious intent of scaring debtors into filing for bankruptcy. However, most of them are just myths with no basis for truth. Bankruptcy Laws have been designed to offer people suffering from a severe financial crisis, a fresh financial start. Instead of believing everything you hear about bankruptcy, it is better to consult a good lawyer to sieve through the misinformation circulating around and filter the facts for you. Believing the myths will give you a wrong idea about bankruptcy that can cause [...]

2025-08-06T07:50:57+00:00
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Dealing With Business Debt? Can Chapter 13 Bankruptcy Help?

Many people wish to turn entrepreneurs and often succeed in their endeavors too. However, not every business idea takes you to the zeniths of the sky, some fight falls flat and leave you with a huge debt to clear. In case you belong to the latter category, there is no need to worry if you are looking to reorganize your debts. U.S. federal laws have come up with Bankruptcy Code to help individual and organizations to overcome their financial losses by filing for bankruptcy under various chapters. Small business owners in need of financial assistance can consider Chapter [...]

2025-08-06T07:23:09+00:00
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Are Bankruptcy Records Open for All?

Going through a really bad financial crisis can be really traumatic for people. However, bankruptcy laws are designed to help individuals and companies out of the financial mess, so that they can begin their new lives with a financially clean slate. Automatic stays and discharge of debts are a great help to individual consumers who have filed for bankruptcy under chapter 7 or chapter 13. However, despite various benefits like foreclosure defense, debt relief, and financial stability, there are many concerns amongst people regarding their future. Bankruptcy lawyers of Recovery Law Group , a Sacramento based law firm [...]

2025-08-06T07:22:27+00:00
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A Concise Guide to Thriving Financially after Bankruptcy

No matter how indebted you were before, bankruptcy offers a chance to every individual and organization to start a fresh with a clean financial slate. However, one of the major concerns of most debtors is how to keep themselves afloat, steer clear of debt and prosper financially after their bankruptcy episode. Sacramento based law firm Recovery Law Group provides some excellent tips for you to flourish even after declaring and undergoing bankruptcy proceedings. […]

2025-08-11T07:20:39+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.