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Benefits of Bankruptcy Consultation

More often than not, people prefer dealing with severe financial problems than opting for bankruptcy as the word has been often been misconstrued. A bankruptcy filing is a legal and one of the best methods to come out of financial problems and start life afresh. However, before you make a decision to file for bankruptcy, it is important to get a consultation with skilled bankruptcy lawyers such as those of Los Angeles based law firm Recovery Law Group. What to Expect in Bankruptcy Consultation? Taking legal assistance for your financial problems is important as sometimes you might not [...]

2023-03-07T11:12:27+00:00
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Benefits of Automatic Stay during Bankruptcy

Many people do not realize when they have incurred heavy debts thereby leaving bankruptcy as the last resort. However, not many people are aware that bankruptcy offers a lot of protection to debtors. One of the most important tools of bankruptcy is the automatic stay, which helps stop all actions taken by collection agencies to collect dues from you. In case you are facing eviction issues, foreclosure or repossession problems, due to losing utility or benefits, or are unable to make child support problems; automatic stay comes to the aid of you and your family, in this time [...]

2019-05-06T13:31:57+00:00
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Bankruptcy Exemptions in Texas

In case you find your financial future in doldrums and are considering filing for bankruptcy under Chapter 7 or Chapter 13, it is important that you are aware of how the process works. Most of the times, people assume the worst when it comes to bankruptcy. Unlike popular misconception that you will end up losing everything you own, bankruptcy allows a number of protections which allows bankruptcy filers to protect more of their property or pay less amount to unsecured creditors. The Texas exemption laws contain many such protections for the benefit of filers. […]

2023-03-07T11:18:00+00:00
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All You Needed to Know About Personal Bankruptcy and Business Ownership

For people who are the sole proprietor of their business, filing for personal bankruptcy can have ramifications on the business ownership too. This depends on how the business was legally organized and the type of bankruptcy you have filed in the court. As per U.S. bankruptcy code, individuals can file for bankruptcy under two chapters, depending on their circumstances – Chapter 7 or Chapter 13. As lawyers of Los Angeles based law firm Recovery Law Group explain, Chapter 7, also known as liquidation bankruptcy is one of the most common types of filing done in personal bankruptcy cases. [...]

2023-03-07T11:15:28+00:00
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Tips to Avoid Filing for a Second Bankruptcy

Filing for bankruptcy, though tough, is a smart decision to overcome your financial problems. However, as lawyers of Sacramento based law firm Recovery Law Group inform, debtor’s need to make these changes in their habits to avoid filing for bankruptcy again: […]

2023-03-13T07:45:06+00:00
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When Should You File for Bankruptcy?

Financial losses are common to everyone. Going through financially tough times can lead to drastic consequences. Federal government understands that without timely intervention and help in the form of bankruptcy, many people will continue spiraling down the financial mess. However, you have to decide what the last straw before filing for bankruptcy is. It is important to understand that with insurmountable debt, you will require more time to come out of the situation. The U.S. Bankruptcy Code was created to help those people who made an honest mistake and due to unfortunate circumstances have amassed a debt which [...]

2023-03-13T07:36:00+00:00
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Smaller Airline Industry Created after Bankruptcy and Job Losses

In the past 10 years, the U.S. airline industry has lost a huge amount of revenues, to the tune of tens of billions of dollars and more than 170,000 jobs. All of this can be attributed to lost revenue and bankruptcy filings. The result of this has been downsizing of the industry significantly. Most major airline carriers have seen this doomsday scenario. According to Los Angeles based law firm Recovery Law Group, there are numerous examples of the same. The United Airlines underwent bankruptcy through chapter 11 in 2002-2006 had been reduced to half its size than it [...]

2023-03-07T10:06:24+00:00
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Should You File For Bankruptcy Just After Losing Your Job?

People who have seen a significant change in their income due to a sudden surge in expenses or dip in earnings due to loss of job, often wonder if they should consider bankruptcy as a way out of the financial mess they are in. since conditions do not allow them to make payments against any obligations they have, this is a thought worth your penny. Though you might find it compelling to file for bankruptcy just after losing your job, it’s important that you deeply analyze your situation and come up with the best possible solution to your [...]

2023-03-07T10:08:32+00:00
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Review Your Credit Report before Choosing To File For Bankruptcy

Reviewing your credit report annually is extremely important so that you are aware of your current financial situation as well as checking if the information about your payments and debts is being accurately portrayed to the credit bureaus. People looking for a way out of the financial mess by filing for bankruptcy should make it a point to review their credit report before filing to ensure that all their creditors are included in the documents and schedules. As a part of the filing process, you are expected to list all your creditors. A simple mistake of omitting any [...]

2023-03-07T09:34:47+00:00
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Rebuilding Credit is Easy with These Steps

Though traumatic, filing for bankruptcy is an essential decision taken by people to get rid of dues which they don’t have means to pay off. Bankruptcy is of great assistance to people who have had continuous bad luck, which resulted in financial losses. Once the bankruptcy proceedings are over, bankruptcy filers get a fresh start with a clean financial slate. With some easy to follow steps, they can rebuild their credit score to live life comfortably. Here are some tips by lawyers of Los Angeles based law firm Recovery Law Group to help rebuild your credit: […]

2023-03-21T07:41:10+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.