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Know More About Chapter 13 Bankruptcy Exemptions

Bad financial decisions can cause a change of fate. This can happen to anyone, anytime. Filing for bankruptcy offers a way to salvage not just your property but also allows you to get a fresh start. Bankruptcy can be filed by an individual or company under various chapters. Chapter 13 or wage earner’s bankruptcy is for people with a steady source of income. Like other chapters, exemptions are available under chapter 13 reimbursement proposal. They are also helpful in calculating the amount that the debtor will pay. Under chapter 13 bankruptcy, one can keep all their property, but [...]

2019-05-06T09:28:07+00:00
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Chapter 7 Bankruptcy: Can You Keep Your Car under Motor Vehicle Exemption?

Unlike popular belief, you do not lose all your possessions when you file for bankruptcy under chapter 7. Thanks to exemption laws, you can protect property including an unassuming vehicle (car, truck, motorcycle or van). Thanks to your state’s motor vehicle exemption you can protect a certain amount of equity in a car. If you completely own your vehicle (i.e. have cleared all vehicle payment dues or are up-to-date on them) you can take measures to avoid the lenders repossessing your car. In case you lag on your car payments you will have to come up with a [...]

2023-06-12T06:31:24+00:00
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Worried About Bankruptcy? Here’s an Overview of Exemptions Granted during Bankruptcy

What if an investment you thought was your ticket to millions causes your downfall? Unable to pay your debts, many people and/or companies file for bankruptcy which offers them a lifeline. Your assets and liabilities are assessed by court trustees and judges to conclude whether your debts could be discharged. However, there are some bankruptcy exemptions too, which are used to determine how much property you can keep. […]

2019-05-06T09:27:19+00:00
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All You Wanted to Know About Federal Non-bankruptcy Exemptions

Apart from the choice between state and federal exemptions available for bankruptcy filers, additional exemptions in the form of federal non-bankruptcy exemptions are available. Individuals who are unable to cope with defaulting on payments and file for bankruptcy can heave a sigh of relief. People can take advantage of exemptions outside the bankruptcy code to help protect their assets when they file for bankruptcy. As these exemptions exists outside bankruptcy code, they are termed as federal non-bankruptcy exemptions. It is therefore important to have a sound understanding of the exemptions under this heading to save your property in [...]

2019-05-06T09:27:04+00:00
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Recovery Law Group Claim to Be a Better Pick as Chapter 7 Bankruptcy Attorney Firm?

This Austin TX based chapter 7 bankruptcy firm, viz. Recovery Law Group, has been helping corporations, families, individuals, and small business owners with formidable financial crisis for years now. We take pride in our elongated experience, resources and skills to assist you, irrespective of how intricate your situation is. […]

2021-12-09T08:10:50+00:00
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Not Sure If You Should File Chapter 7 Or 13? Know The Difference Between Two, First

Confused about what you should file, Chapter 7 or Chapter 13? Based on your current circumstances, you may find one choice outdoes the other. Chapter 7 and Chapter 13 are no same, and carrying different potential consequences. Both, however, can help defaulters make a suitable move toward debt repayment. Chapter 7 bankruptcy San Antonio, otherwise known as liquidation, is a legal choice that helps people discharge their debts. This also means having to capitulate some of your valuable assets, such as cars, additional properties or even cash, sometimes. […]

2023-01-19T05:31:19+00:00
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Why Should You Always Consider An Attorney While Filing For Bankruptcy?

Chapter 13, a.k.a. ‘wage earner’s plan’ in the United States of Bankruptcy Code allows defaulters to propose a payment plan that would further enable them to give off their debts and also not sell any of their properties. Filing for Chapter 13 is one of the biggest financial decisions that further associate certain obligations and advantages. Chapter 13 bankruptcy lawyers are the only ones to find you a seamless way out of the situation. They first evaluate if you’re an eligible applicant to then help you avoid complications such as delays. One totally has the right to do [...]

2023-03-13T09:53:58+00:00
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Here’s How We Can Help You With Chapter 7 And Chapter 13 Issues

Bankruptcy has been a serious concern since forever, however many homeowners, families and individuals throughout the U.S. consider it the right choice. To understand bankruptcy protection or liquidation process does require an experienced and comprehensively knowledgeable legal professional, who further will guide you through its system. Recovery Law Group is committed to guiding you as you prepare for bankruptcy and protection. […]

2019-08-12T04:33:19+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.