Bankruptcy

Call: 888-297-6203 Emerging from bankruptcy might seem like an uphill battle to you. Filing for bankruptcy has a serious hit on your credit score and leaves a negative mark on your credit report for some years. Chapter 7 and Chapter 13 bankruptcy remain on the credit report for 10 years and 7 years, respectively. In many states, even the auto insurance rates increase because of a low credit score. A low credit score does adversely affect the financial aspects of your life, but you can still work towards re-building them. Given below are 7 tips that can help [...]

Call: 888-297-6203 When you file for bankruptcy, the entire process is conducted by United States bankruptcy trustee. they are responsible for overseeing the bankruptcy process in federal courts. They are appointed by U.S. attorney general and their duties include: enforcement of Bankruptcy Code preventing fraud claims appointment and supervision of private bankruptcy trustee acting as trustee in consumer bankruptcy cases referring cases for investigation, prosecution or any other legal action convening creditors meeting for the reorganization of debts making sure that no unreasonable fees are charged for filing bankruptcy ensuring that estate administration is done quickly, efficiently and [...]

Call: 888-297-6203 As more and more consumers file for bankruptcy, it is important to understand what the contributing cause might be. According to Los Angeles based bankruptcy law firm Recovery Law Group apart from credit card bills, the other major contributing factor to personal bankruptcy is huge medical bills. One can easily blame the rising cost of healthcare for financially ruining any person. Accumulation of medical bills has become one of the major reasons for an increased bankruptcy filing. In case a person loses their job and the medical bills keep on piling, the financial issues could be [...]

Call: 888-297-6203 Many people are worried that filing for bankruptcy will shut all doors of getting credit for them. However, this is not true at all. Though bankruptcy appears on your credit report, it does not mean that you won’t be able to buy a home after getting your bankruptcy discharge. On the contrary say Dallas based bankruptcy law firm Recovery Law Group lawyers, since all your bad debts are written off in bankruptcy, you are considered a good person to give credit to. In fact, applying for a credit card is the best way to rebuild your [...]

Call: 888-297-6203 If you think that bankruptcy is going to be a permanent black mark on your credit report, then you are mistaken. Bankruptcy remains on your credit report for a period of 7-10 years and even during this duration you can apply for mortgage say lawyers of Dallas based bankruptcy law firm Recovery Law Group. If you are looking for applying for mortgage loans, here are some things that can help you: Re-establish Credit It takes a lot of time to rebuild your credit and you need to be patient during the process. Once you are through [...]

Call: 888-297-6203 Bankruptcy is something that people wish to avoid at all costs. However, sometimes it becomes essential to file for bankruptcy if you wish to get rid of your debts. Before filing for bankruptcy, Los Angeles based bankruptcy law firm Recovery Law Group lawyers suggest that you should find out how personal bankruptcy chapters might affect your mortgage payments and future home financing requirements. Personal bankruptcy filers have a choice between Chapter 7 and Chapter 13. The former is liquidation bankruptcy which gets rid of all unsecured debts, but you might have to sell your non-exempt property [...]

Call: 888-297-6203 If you are worried about huge amounts of debts, then bankruptcy is an excellent way to get rid of them. Almost all debts are eliminated in bankruptcy, except a few say Los Angeles based bankruptcy law firm Recovery Law Group lawyers. You can regain your financial independence by opting for bankruptcy. Most unsecured debts can be wiped off in bankruptcy. the debts you can eliminate include credit card debts, medical bills, business debts, negligence claims, gasoline and store charge cards, unpaid rent, lawsuit judgements, promissory notes, utility bills, debts due to car accidents, mortgages, personal loans [...]