Bankruptcy

Call: 888-297-6203 Chapter 7 is by far the most preferred and the most common bankruptcy chapter across the years. Chapter 7 bankruptcy might be lucrative, but it does not mean it is the best available option for all the filers. Hence, we need to understand when chapter 7 bankruptcy is appropriate. To learn more about bankruptcies and its complications log on to https://www.recoverylawgroup.com/bankruptcy/ now. When to file for chapter 7 bankruptcy? You have inconsistent income, unstable employment, and no certainty of job and income in the recent past as well as in the near future If there has [...]

Call: 888-297-6203 Chapter 13 is an interesting option facilitated with bankruptcy that allows filers to repay their debt as per a practical payment plan that could last up to 5 years. The program requires consistent income and a good amount of disposable income to be able to accommodate the expenses that could be incurred due to the 3-5 years payment plan. Know more about chapter 13 and bankruptcy in general at https://www.recoverylawgroup.com/bankruptcy/. Features of chapter 13 bankruptcy in a nutshell Consistent income with some disposable income is mandatory The filer should be up to date with tax returns [...]

Call: 888-297-6203 Bankruptcy is an interesting topic of discussion, but it isn’t a good situation to be in. It’s quite interesting to learn bankruptcy definition, description, and its types. These will be discussed further. However, to know more about bankruptcy in detail, log on to https://www.recoverylawgroup.com/bankruptcy/ now. By definition- Any individual or an entity if not able to honor its financial obligations due to various reasons can file for bankruptcy. The individual or the organization should have the intent but no resources to pay off the debt or the financial obligations to file for bankruptcy. If an individual [...]

Call: 888-297-6203 If you are a resident of California and thinking about bankruptcy, you need to be aware of a term called an exemption. An exemption is your shield during bankruptcy to prevent your assets from liquidation. Bankruptcy filers are mandated by a few states to use the state-only exemption while some states make room for using either state exemption rules or the federal one. California belongs to the first category, where the filers need to use state-specific exemption codes while filing bankruptcy. Know more about bankruptcy, and state rules on https://www.recoverylawgroup.com/bankruptcy/. Code 703 The California exemptions are [...]

Call: 888-297-6203 The bankruptcy process is for the needy, but it is not free of course. There is a different kinds of charges or bankruptcy costs that may include a filing fee, administrative fee, an attorney fee, and what not. It might seem extremely unfair to have a charge to file bankruptcy when one is completely broke and doesn’t have any money left. Hence, it is always essential to fill your car with fuel and not wait for the car to dry out without even a drop of fuel. That is the reason why experts suggest planning for [...]

Call: 888-297-6203 Chapter 7 bankruptcy often makes many filers nervous especially when it comes to safeguarding their assets. The myth of all assets being liquidated by the bankruptcy trustee to help settle the score with lenders do happen, but it is limited to a very few cases. The most important asset that might be necessary to safeguard for a bankruptcy filer could be his/her primary car. To know more in-depth about bankruptcy log on to https://www.recoverylawgroup.com/bankruptcy/ and learn everything about bankruptcy. How is your car loan structured? If your car is still in debt and you want to [...]