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Getting Out of Debt is Easy

Call: 888-297-6203 Unless you take control of your finances when they first start spiraling out of hand, you will find it very difficult to manage them later. Despite your best efforts, bankruptcy might be the only way you might be able to get rid of your debts. However, filing for bankruptcy is a decision that can be quite emotional as well as confusing. Since most of the legal jargon goes above your head, Dallas based bankruptcy law firm Recovery Law Group says that hiring a lawyer is the best way to deal with bankruptcy. If you have not [...]

2019-09-20T13:15:04+00:00
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Points to Consider While Contemplating Bankruptcy

Call: 888-297-6203 Managing your finances is easier said than done. Many people find it difficult to manage their financial problems leading them to consider various debt relief options like debts settlement, debt consolidation, and even bankruptcy. Sometimes, just adjusting your spending patterns is enough to manage your debts, while sometimes, you might require the assistance of professionals to get rid of your debts. Though bankruptcy has earned a bad name, according to Los Angeles based bankruptcy law firm Recovery Law Group, it is probably one of the better ways to manage your situation. However, before deciding to go [...]

2021-12-07T04:43:26+00:00
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Can Bad Financial Situation Lead to Depression?

Call: 888-297-6203 A huge amount of debts can send anyone in a tizzy. For people who do not take stress over things which they cannot control, things are manageable. However, those people who are constantly worrying about financial security, filing for bankruptcy can be a tipping point. Dallas based bankruptcy law firm Recovery Law Group has seen many clients (who had filed for bankruptcy) go through phases of depression. Low self-esteem and other negative effects on mental health have been observed in many bankruptcy filers. It is very important to seek guidance from professionals if you are facing [...]

2021-12-07T04:45:47+00:00
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How Easy is it To Purchase a Home After Bankruptcy?

Though it is an excellent way to get rid of unsurmountable debts, bankruptcy has its downside too. Your credit report can remain affected by your bankruptcy for a long time. Bankruptcy remains on your credit record for a duration of 7 years in case of Chapter 13 bankruptcy and 10 years in case of Chapter 7 bankruptcy. This has a detrimental effect on your ability to get credit in the future. Though you may find it difficult to purchase a home after bankruptcy, lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, say, it is not [...]

2021-12-07T04:46:53+00:00
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Risks Involved in Informal Debt Resolution

Call: 888-297-6203 When it comes to getting rid of a huge amount of debt, there are formal and legal options available like bankruptcy as well as informal options like loan workouts. Though bankruptcy is probably one of the best ways of getting rid of debt, lawyers of Dallas based bankruptcy law firm Recovery Law Group inform that the repercussions are something that people are often not prepared to adjust to. Individual consumers can file for bankruptcy under Chapter 7 or Chapter 13. Through these bankruptcy chapters, debtors repay some portion of their debt while getting rid of others at [...]

2019-09-16T07:29:54+00:00
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Chapter 13 Hardship Discharge

Call: 888-297-6203 Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, confirm that any debtor who qualifies for Chapter 13 bankruptcy get numerous benefits including protection from collection actions taken by creditors. While people filing for Chapter 7 often end up losing some of their property in order to get a bankruptcy discharge, Chapter 13 bankruptcy filers can keep the non-exempt property if they pay their creditors a portion of the amount. Sometimes, however, unforeseen circumstances might force debtors to face unexpected financial problems which might make it difficult to make payments as per the court [...]

2023-01-12T09:25:12+00:00
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Child and Spousal Support in Chapter 13 Bankruptcy

Call: 888-297-6203 If you have ended up accumulating large amounts of debts, bankruptcy might be a great way to get rid of those debts. However, while you decide to file for bankruptcy, it is vital to understand that not all debts get discharged during bankruptcy. According to Los Angeles based bankruptcy law firm Recovery Law Group, secured debts, as well as priority debts, survive bankruptcy. Secured debts are those debts against which the creditor has some asset (mortgage, auto loan, etc.) while priority debts include those like child support and alimony payments. Chapter 13 bankruptcy offers a great [...]

2021-12-07T04:48:57+00:00
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Consumer Benefits of Chapter 13

Call: 888-297-6203 While bankruptcy might be traumatic, it is an excellent way to get rid of excessive debts legally. As per lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, most people filing for bankruptcy prefer Chapter 7. This is probably because you get a discharge within a relatively smaller time and with few financial restrictions and probable loss of some personal property, they can get rid of their debts. However, if you have a substantial income to pay off your debts, you might not be able to qualify for Chapter 7. In such a scenario, [...]

2021-12-07T04:49:56+00:00
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Why Abiding by Chapter 13 Repayment Plan is Essential?

Call: 888-297-6203 Filing for bankruptcy is probably one of the worst decisions anyone must take. Admitting that you were unable to manage your finances properly can be quite humiliating. However, once you have decided to go ahead with it, you should ensure that you get a discharge for your debts. Chapter 13 bankruptcy offers debtors a chance to reorganize your debts and pay some portion of it over a period of 3-5 years through a repayment plan. The court-approved plan is an excellent way to get rid of debts and get back on track financially. Los Angeles based [...]

2019-09-12T12:45:45+00:00
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Late Claims in Chapter 13: Ohio Court Rules Against This Practice

Call: 888-297-6203 When a person chooses to get rid of their debt by filing for bankruptcy, the best way is to hire a lawyer. This is so because bankruptcy is a complicated process involving several legalities and documents. Experienced lawyers such as those of the Los Angeles bankruptcy law firm Recovery Law Group, make it a point to inform every creditor mentioned in the list of the impending bankruptcy filing of their client. In case the client chooses to file under Chapter 13, any secured creditor can claim against the debtor getting a discharge. However, there is a [...]

2019-09-12T11:52:13+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.