After Bankruptcy

One of the most common misconceptions about bankruptcy is that it finishes off a person’s finances completely. Nothing could be farther than truth as bankruptcy offers people to make a fresh start. Once a debtor has received a bankruptcy discharge, they can initiate the process of starting over. Unlike popular belief, a person can thrive well after the bankruptcy discharge. According to Los Angeles based law firm Recovery Law Group, these few steps can help rebuild your life after bankruptcy: Make sure that you live well within your means. Though it may seem impossible in the beginning, you [...]

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: [...]