Blog

How Does Chapter 13 Debt Discharge Work?

Call: 888-297-6203 Bankruptcy usually is related to debt discharge. There can be scenarios when the bankruptcy might result in zero or no discharge. However, many people would be spooked or wouldn’t believe it if they were told Chapter 13 could also lead to some debt discharge. Discharge by definition is a legal order issued usually by the bankruptcy court to eliminate or release the liability of a debt from the filer. To know about more bankruptcy terms log on to https://recoverylawgroup.com/bankruptcy/. Key differences in discharge obtained through Chapter 7 and Chapter 13 Chapter 13 aims at settling as [...]

2025-08-11T06:50:20+00:00
Read More

Means Test: How To Arrive At The Magic Number?

Call: 888-297-6203 A means test is a critical aspect of qualifying for Chapter 7 and there can be a lot of confusion and indecision made in the calculation. Many people think they qualify for the means test but end up disqualified while the others who can qualify for the means test might think they have not. It is often a misconception that the recent income will be considered for the calculation of net household income, however, it is not the case. The average income over a period of the last 6-8 months is considered the household income to [...]

2023-03-31T08:06:11+00:00
Read More

How To Retain Your Car After Bankruptcy?

Call: 888-297-6203 A car is more of an essence that supports travel for work reasons or emergencies. It surely isn’t a luxury for a person applying for bankruptcy. The car might also have some emotional or sentimental aspects attached to it for the owner. It might be as if it was a car that was gifted, or it might be your first car, those are certainly more valuable than the dollar value associated with it. Ownership status To understand whether your car can be safeguarded during bankruptcy or not, it is important to know the ownership status of [...]

2025-08-11T06:51:37+00:00
Read More

Buying A House After Declaring Bankruptcy

Call: 888-297-6203 Just after a bankruptcy, thinking of debt and that, too, a huge debt like a home loan can be extremely difficult. To ensure there is some impact or seriousness amongst the borrowers while borrowing and defaulting does not become a trend leading to bad loans for the lenders, there are some important rules that restrict new loans after bankruptcy. Some restrictions may be for 10 years as well. While the other restrictions might be the impact of declaring bankruptcy. To accurately evaluate and thread cautiously across these restrictions, you may need the best consultants in town [...]

2025-08-11T06:53:02+00:00
Read More

Key Factors That Swing Balance Across Chapter 7 And Chapter 13

Call: 888-297-6203 Chapter 7 and Chapter 13 are the two most important chapters in bankruptcy. Some characteristics that swing the balance to Chapter 7 or Chapter 13 for an applier can be listed as follows- Consider Chapter 7- If you have a higher percentage of unsecured debt, chapter 7 can be beneficial. These can be medical bills, credit card dues, personal unsecured loans, payday loans, and other loans which do not have collateral. To know a more in-depth analysis of what kind of debt you have and whether chapter 7 is appropriate, log on tohttps://recoverylawgroup.com/bankruptcy/  If you have [...]

2025-08-11T07:01:20+00:00
Read More

What Are The Things Required For Chapter 7 Bankruptcy?

Call: 888-297-6203 Chapter 7 is a bankruptcy medium for businesses as well as individuals. It contributes to over 70% of bankruptcy cases and is one of the most popular chapters amongst bankruptcy filers. To ensure Chapter 7 procedures are followed appropriately and dismissal is not an obvious consideration for the bankruptcy courts, it might well be worthy to dial 888-297-6203 and seek professional assistance. However, it should be noted that it isn’t mandatory for the filer to appoint an attorney to file for bankruptcy via Chapter 7. Status of the filer The first thing to verify when filing [...]

2023-03-31T08:10:45+00:00
Read More

Repossession Post-Bankruptcy

Call: 888-297-6203 During bankruptcy, many assets may be liquidated, which means the bankruptcy filer might end up losing possession of the asset. However, once an asset is lost during bankruptcy need not be the last resort. If the filer feels he/she needs the asset dearly, there are possibilities for the filer to reclaim it. The whole process of reclaiming an asset after being liquidated is referred to as repossession post-bankruptcy. In detail, a debt that is backed by an asset once liquidated, the lenders or creditors get the possession of the asset from the filer. This usually is [...]

2025-08-11T06:54:30+00:00
Read More

How Do I Buy A Car After Bankruptcy?

Call: 888-297-6203 Buying a car after declaring bankruptcy can sometimes be a necessity. Especially if you had a bad bankruptcy settlement and ended up losing your essential or basic assets like a car or a house, you might feel the need to buy a car after bankruptcy. Traveling for job purposes often makes a car a necessity as it adds to the convenience and saves costs on fuel as well. How long you may have to wait to buy a car? The possibility of relying on a car loan to buy a car is most likely after you [...]

2025-08-11T06:55:39+00:00
Read More

Bankruptcy Discharge: Myth Or Possibility

Call: 888-297-6203 Discharge of debts often seems a lucrative consideration for people considering bankruptcy. A bankruptcy discharge is a phenomenon that is a side effect of declaring bankruptcy. Discharge can occur in all bankruptcy filings whether via Chapter 7, 13, or even 11 (for businesses). However, the amount of discharge remains variable that depends on different circumstances and situations of the applier. It is also important to note, that the repeat bankruptcy filers may end up with no or zero discharge if they have not completed the seasoning or the cool-off period. To know more about the cool-off [...]

2025-08-08T07:31:40+00:00
Read More

Secured Debt Vs Unsecured Debt

Call: 888-297-6203 Secured debt is a debt form that is usually backed by an asset or collateral. These debts are usually of larger amounts and since they have a lien attached to them, they become important during the bankruptcy claims. A secure debt can broadly be classified into two types. Real property secured debt and personal property secured debt. Any debt that is secured by house, land, or any other real property by nature falls under the real property secured debt, and any debt that is secured under personal property like a car, motorbike, electrical appliance, etc., come [...]

2025-08-11T07:03:01+00:00
Read More
Load More Posts

Recovery Law Group Logo

888-297-6203

Headquarters

309 W 11th Street,
Anderson, IN 46016
310-997-0471
Clients:
customerservice@recoverylawgroup.com
Attorneys / Trustees and Court Officials:
Info@recoverylawgroup.com

PAID ATTORNEY ADVERTISEMENT: Wajda & Associates is a law firm. This website is an advertisement. It is not a lawyer referral service or prepaid legal services plan. Each of the lawyers on this site are either Managers, Members, Partners, Limited Partners or staff attorneys. An attorney responsible for the content of this Site is Nicholas Wajda, APC. licensed in California, Texas, and Indiana with offices at 309 W 11th Street Anderson, IN 46016. To see the attorney in your area who is responsible for this advertisement, please  Click here.  Prior results do not guarantee a similar outcome.
We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.