Bankruptcy

When is The Credit Score Updated After Bankruptcy?

Call: 888-297-6203 Nothing is permanent in life. Not even the ill-effects of bankruptcy. Though it becomes public record and negatively affects the credit score of an individual, bankruptcy is removed after seven to ten years from the credit report of the filer. However, it takes time to change your credit score. Many people are worried if their credit score does not show any improvement even after bankruptcy is removed. According to the Los Angeles based bankruptcy law firm Recovery Law Group, there are different ways of calculating credit scores. Different lenders have different strategies to check risk management [...]

2025-08-11T10:08:46+00:00
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Can Public Bankruptcy Records Lead to Denying of Credit?

Call: 888-297-6203 Many times, people who have just got their bankruptcy discharged face the problem of rejection from creditors, even for small loans. This can be quite frustrating for people who wish to start their life afresh. One of the major reasons for credit being rejected is the mention of bankruptcy on credit history. Since bankruptcy is public record and stays on the credit report for seven years in case of Chapter 13 bankruptcy and ten years in case of Chapter 7 bankruptcy, people fresh out of bankruptcy can be in for a long duration of living without [...]

2025-08-11T10:08:04+00:00
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Can Mortgage Amount Remain Despite Bankruptcy?

Call: 888-297-6203 Bankruptcy is complex and requires a lot of time to understand. Having an experienced lawyer like those of Los Angeles based bankruptcy law firm Recovery Law Group can be a huge asset. Managing various loans, filing papers and reaffirming certain debts can be quite confusing for the layman. Though, bankruptcy is considered to give you a way out from a huge amount of debts; yet sometimes certain debts might remain even after completion of your bankruptcy chapter. In the case of Chapter 13, individuals pay some portion of their debts through the repayment plan. These may [...]

2025-08-21T10:04:27+00:00
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Account Portrayal in Bankruptcy

Call: 888-297-6203 Bankruptcy can adversely affect your credit report, this is a known fact. However, what most people are unaware of is, how the status of your accounts is affected after bankruptcy. In case any individual files for bankruptcy, the accounts included remain for seven years and are then deleted. According to Dallas based bankruptcy law firm Recovery Law Group , the various representations of the accounts included in bankruptcy are: In the case of Chapter 13 bankruptcy, public records are discharged after five years from the bankruptcy filing date. Accounts included in bankruptcy which were current, remain [...]

2025-08-06T07:43:33+00:00
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Can Bankruptcy Be Removed from Your Credit Report?

Call: 888-297-6203 People having trouble in managing finances often resort to bankruptcy. It is the last solution to deal with excessive debt which is quite difficult to pay back. Despite getting rid of a huge amount of debt, bankruptcy can have a negative effect on your credit rating. People find it difficult to get a loan, credit card, and even job once they have filed for bankruptcy. According to Dallas based bankruptcy law firm Recovery Law Group lawyers, bankruptcy remains on your credit report for a period of seven to ten years (from the date of filing) depending [...]

2025-08-21T10:04:49+00:00
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Everything You Wanted to About Bankruptcy

Call: 888-297-6203 When a person has lost all hope of recovering from financial distress, then the last option left for them is filing for bankruptcy. Though it is an excellent way of getting rid of debts and wiping your slate clean, it has adverse effects too. You might end up losing some of your possessions. Getting credit might be difficult for you for almost as long as the bankruptcy is mentioned on your credit report. According to Los Angeles based bankruptcy law firm Recovery Law Group lawyers, bankruptcy is a way out for people struggling to make their ends [...]

2025-08-06T06:15:04+00:00
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When Should You Consider Filing for Bankruptcy?

Call: 888-297-6203 Filing for bankruptcy is a decision that should be taken after careful consideration regarding the long term implications, say Dallas based bankruptcy law firm Recovery Law Group. This is a sane advice since bankruptcy has serious ramifications which last quite long. Bankruptcy is an indicator of financial risk. The records are public and appear on your credit report. Thus, every lender becomes aware of your financial situation and getting credit, therefore, becomes difficult. Experienced bankruptcy lawyers say that filing for bankruptcy should always be your last option. The most common chapters individuals can file bankruptcy under [...]

2025-08-06T07:44:39+00:00
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What Happens to Reaffirmed Debts in Case of Bankruptcy?

Call: 888-297-6203 When you have accumulated huge amounts of debts, bankruptcy is a preferred option. Apart from bankruptcy, other options according to Los Angeles based bankruptcy law firm Recovery Law Group, include debt settlement, debt reaffirmation, etc. When any individual files for bankruptcy, it becomes a public record and appears on their credit report. All accounts mentioned in bankruptcy papers are updated with the status “included in bankruptcy.” However, if you have reaffirmed any debt, and paid it fully, it should not appear on your credit report. Reaffirmation of debt takes place when an agreement is drawn between [...]

2025-08-21T10:03:11+00:00
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Are Accounts Included in Bankruptcy Deleted?

Call: 888-297-6203 When you file for bankruptcy, it is important to remember that any and all accounts that are included in the bankruptcy will find a mention on your credit report. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, inform that these accounts will not be deleted from your credit history immediately after a bankruptcy discharge, but remain on the credit report for a period of seven years. This seven-year duration is from the original delinquency date or the date of the bankruptcy filing. Individuals can file for bankruptcy under Chapter 7 or Chapter 13. [...]

2025-08-11T10:06:56+00:00
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Everything You Wanted to Know About Bankruptcy Discharge

Call: 888-297-6203 People reeling under the effects of debts often consider filing for bankruptcy. Despite the ill effects of denting your credit history, there are numerous benefits associated with bankruptcy, like, the automatic stay and discharging of debts. A bankruptcy discharge releases you from paying back certain debts after you file for bankruptcy. According to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, the legal order also prevents creditors from taking any action to collect the outstanding debts which have been discharged by the court. You can live a threat-free life after getting a bankruptcy [...]

2025-08-21T11:30:43+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.