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Call: 888-297-6203 Honesty is the best policy in life, especially if you are filing for bankruptcy, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. When you file your bankruptcy papers, it is important that you mention all your assets, income and debts and not hide things. This is because sooner or later a disclosure might hamper your chances of getting debts discharged through bankruptcy. In fact, you might even end up getting your bankruptcy discharged or worse, get jail time. since you are required to sign bankruptcy documents, if anything mentioned on them is [...]

Call: 888-297-6203 Financial troubles can hit anyone, anytime. However, if you have recently shifted to a new state and need to file for bankruptcy, you can; but you need to find out about the exemptions. According to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, exemptions are important to protect your real estate and personal property. Individuals can choose between federal and state exemptions. If you shift to a new place, you cannot use state exemptions as you are expected to stay for a certain timeframe to avail state bankruptcy exemptions. In the case of [...]

Call: 888-297-6203 Saab, the aircraft manufacturer turned automobile giant has been an innovator. The first of its kinds to come up with heated seating in automobiles, the company had to file for bankruptcy in Sweden, its home country. Since its entry into the automobile sector post-World War II, its sales peaked in 1988 and again in 2006. However, during the period of 2006-2009, a decline of almost 20.3% was observed in Saab sales. As per the Swedish Company Reorganisation Act, any bankruptcy application is approved only if a reasonable cause is present which assumes that reorganization will serve [...]

Call: 888-297-6203 When you file for bankruptcy, your unsecured debts might be discharged eventually but your secured debts like a mortgage or automobile loan, etc. cannot be discharged. According to lawyers of Dallas based bankruptcy law firm Recovery Law Group, you can either reaffirm the debt, consolidate it or settle it. If you are thinking of reaffirming the debt, you need to work out an agreement with your creditor regarding new terms. The agreement would then be signed by both, the creditor and the debtor. However, before you go ahead with debt reaffirmation, it is important that you [...]

Call: 888-297-6203 The Star Trek series has acquired legions of fans across the globe. Being inspired by the series, a Star Trek superfan, Tony Alleyne converted his apartment in the UK into a mock set of the Starship Voyager. Though it may seem eccentric, it was apparently a smart business decision. He hoped to attract other Star Trek fans to hire him as a decorator for their homes. Unfortunately, the business decision did not attract many clients and Tony ended up incurring a huge debt of £100,000. Since he had maxed out his 14 credit cards working on [...]