Bankruptcy

Call: 888-297-6203 The Claims Bar date is indispensable in a bankruptcy. All the creditors are supposed to make a claim on the debtor’s estate till this date or they will not be allowed to collect their debt. This date gets generated automatically after the filing of the case, and first appears on the Notice of Filing. The creditors, who receive the notice of bankruptcy, must make a claim within 90 days. In case of improper bankruptcy notification, a creditor might be allowed to make a late claim. Governmental Units also have a claims bar date, though they get [...]

Call: 888-297-6203 There is a sale date for your Jacksonville home. You have been counting on the possibility of mortgage modification because of which you were delaying in filing a bankruptcy, but now you have only 24 hours before the selling of your home. However, this can be stopped from happening. Filing for bankruptcy, even a few hours before the selling of the home, will bring the automatic stay in effect. An automatic stay stops the creditors from collecting until either the completion of the bankruptcy or the court’s permission for collecting again. There is a lot of [...]

Call: 888-297-6203 Desperate times call for desperate measures, however, they might not work every time. if you are thinking of filing for bankruptcy to get rid of the huge amount of debt, concealing your assets is one of the worst things you could do to hamper your chances of getting a discharge say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. Hiding anything, from a small family heirloom to money to property can cause you problems later. You are required to list all items considered your asset in your bankruptcy petition. Just because you are [...]

Call: 888-297-6203 Honesty is the best policy in life, especially if you are filing for bankruptcy, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. When you file your bankruptcy papers, it is important that you mention all your assets, income and debts and not hide things. This is because sooner or later a disclosure might hamper your chances of getting debts discharged through bankruptcy. In fact, you might even end up getting your bankruptcy discharged or worse, get jail time. since you are required to sign bankruptcy documents, if anything mentioned on them is [...]