Debt collection attorneys can inform you that as per FDCPA norms, any debt collector can contact you by mail, in person, by telegram or telephone only during “appropriate hours” i.e. generally between 8 a.m. and 9 p.m. Also, within 5 days of 1st contact with you, the debt collector is expected to send you a written notice informing you: […]
In case you have incurred huge debts and are in no financial condition to pay them off, the best resource available to you is to file for bankruptcy. To do the same you can either use one of the bankruptcy lawyers to file bankruptcy for you or you can do it yourself. However, as Sacramento based law firm Recovery Law Group explains, many times debtors filing for bankruptcy without any help from lawyers, end up into financial troubles like post-bankruptcy filing bank levies. […]
Bankruptcy is commonly thought of as a result of reckless spending. Many people believe in the adage, a fool, and his money soon part ways. Well, that is not always true, especially in bankruptcy cases. There might be a number of reasons why people have to file for bankruptcy, what happens after filing for bankruptcy and how is the credit score affected for debtors and bankruptcy filers. Here’s a look at some of the most common misconceptions related to bankruptcy and professional opinions of Los Angeles based bankruptcy law firm Recovery Law Group lawyers on them. Myth 1: [...]
Having a property is a blessing or a curse depends on which way you look at it. Considering that a lot of people are unable to save enough money to buy a house, and you have one, that you would like to rent out, makes you one of those people who has been blessed by God. However, an empty house requires a lot of time and money for maintenance, which is an additional expense. It is always better if you could find good tenants to let your property to. However, finding good tenants is easier said than done. [...]
The quintessential American dream has brought many people to the country where everyone has equal opportunity to make it big. Before economic recessions caused financial distress to numerous people, the American dream meant having a huge house, big car, access to a large number of credits to spend like the rich and famous. However, stagnation has caused many Americans to lose their jobs to business contractions, their homes to foreclosure and overspending to the credit crisis. This has caused disillusionment in many people leading them to question whether the American dream can be realized without incurring huge debts. [...]
If you are one of those lucky few who has had the good fortune of being able to purchase a property or two, then this is just for you. Instead of letting your property lose its worth, it is better to rent it out. Not only is your house lived in, providing joy to a complete stranger’s family, but your property is well maintained when there are people living in it. You also get a chance to earn some money through it, by means of rental income, thereby providing returns to your investment. However, the most important question [...]
There are many misconceptions associated with bankruptcy. The most popular one being that successful people or business houses do not file for bankruptcy. Another myth is that once you have filed for bankruptcy, getting out from the ruins and making a name for yourself is impossible. Well, nothing could be farther from the truth. Los Angeles based law firm Recovery Law Group would help break the myths associated with bankruptcy and success. Bankruptcy as a process is designed to help people out of the financial mess and help them start a fresh life. There have been many instances [...]
Telephone Consumer Protection Act (TCPA) had been formulated to protect debtors from the malpractice of collection agencies and creditors to autodial the debtors. Not only is the practice problematic, annoying and repetitive, but they can also be quite inconvenient at times. However, thanks to TCPA, you are no longer to put up with these auto calls. As per Los Angeles based lawyers belonging to Recovery Law Group law firm, in case you have denied permission or added yourself to the Do Not Call Registry and are yet receiving autocalls, you need a debt attorney. Some of the steps [...]
People often end up spending more than they earn making them unable to pay their dues. One of the best ways to protect yourself, according to Los Angeles based law firm Recovery Law Group is to file for bankruptcy. This offers a fresh start to people who are unable to pay their dues. They can liquidate their assets to clear their dues or form a repayment plan. Bankruptcy laws can be used to help protect financially unstable businesses too. […]
The decision to file for bankruptcy is a tough one. However, clearing up the financial mess is not easy for many unless they choose to file for bankruptcy. Once you have repaid your dues as per court-mandated programme, you get a clean financial slate, meaning, you can easily start over. It will be surprising to know that soon after their bankruptcy is discharged, many debtors start receiving calls from credit card companies, mortgage finance companies or car loan lenders, offering them a variety of credit offers. It will be surprising to know that many of these creditors are [...]
