Bankruptcy

Do You Need an Attorney While Filing for Bankruptcy?

Troubled financial times may cause people to make rash decisions, which will throw them further into an abyss. For people who are considering bankruptcy as a mean to get out of a bad financial situation, there are two options available. You can either file “pro se” or use a lawyer to file bankruptcy papers. Many people think, that by avoiding hiring a lawyer, they are actually saving money in legal fees. However, if you are not fully aware of the procedure, you might end up sabotaging your case which might worsen your already bad condition. […]

2025-08-21T12:05:01+00:00
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What to Expect from Life after Personal Bankruptcy?

Filing for bankruptcy is a decision that is not made easily. Not only are you struggling to make financial ends meet but you also have to provide bankruptcy courts and lawyers with details of your finances for a duration of 6-9 months or more. You are also expected to meet all the obligations of the court. Not only are your finances under supervision but you are also constantly worrying about the status of your personal bankruptcy case. All of this causes excessive mental stress on people and they are often looking forward to this dreaded chapter of life [...]

2025-08-21T11:39:03+00:00
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Debt Repayment in Chapter 13 Bankruptcy – How Much Amount is to be Repaid?

Individuals who have hit on bad times can file for bankruptcy under Chapter 7 or Chapter 13 (also known as the wage earner plan). The type of bankruptcy which is most appropriate for an individual is decided via bankruptcy means test. Chapter 13 allows debtors to retain some property and make payments over a span of 3-5 years towards their debts as part of a repayment plan. This type of bankruptcy can only be chosen when an individual has some amount of disposable income and can make regular payments as per the decided repayment plan. […]

2025-08-21T11:54:38+00:00
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Considering Bankruptcy? Should You Liquidate Your Assets?

For people who are undergoing severe financial issues, one of the best legal recourse available is filing for bankruptcy. This helps to get huge amounts of debts discharged while offering individuals a chance to have fresh financial beginnings. According to the U.S. Bankruptcy Code, a number of chapters are available to choose while filing for bankruptcy; one must choose the chapter depending on their financial conditions. Chapter 7, also known as “Liquidation Bankruptcy” is one of the most preferred for consumer bankruptcy. In Chapter 7 bankruptcy, the assets of the individual filing for bankruptcy are sold off and [...]

2025-08-21T11:39:25+00:00
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Can Anyone File for Bankruptcy?

Despite being one of the best legal recourse available for people who are struggling with heavy financial problems, there are a lot of misconceptions associated with bankruptcy. Believing in these myths can cause extensive harm to people who could face problems like wage garnishments, utility shutoffs, foreclosure, etc. According to lawyers belonging to Sacramento based law firm, Recovery Law Group one of the most common misconceptions surrounding bankruptcy is that people believe that bankruptcy is only for individuals with limited source of income and that people earning too much money cannot file for bankruptcy. Well, nothing could be [...]

2025-08-06T07:20:11+00:00
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Benefits of Bankruptcy Consultation

More often than not, people prefer dealing with severe financial problems than opting for bankruptcy as the word has been often been misconstrued. A bankruptcy filing is a legal and one of the best methods to come out of financial problems and start life afresh. However, before you make a decision to file for bankruptcy, it is important to get a consultation with skilled bankruptcy lawyers such as those of Los Angeles based law firm Recovery Law Group. What to Expect in Bankruptcy Consultation? Taking legal assistance for your financial problems is important as sometimes you might not [...]

2023-03-07T11:12:27+00:00
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Bankruptcy Exemptions in Texas

In case you find your financial future in doldrums and are considering filing for bankruptcy under Chapter 7 or Chapter 13, it is important that you are aware of how the process works. Most of the times, people assume the worst when it comes to bankruptcy. Unlike popular misconception that you will end up losing everything you own, bankruptcy allows a number of protections which allows bankruptcy filers to protect more of their property or pay less amount to unsecured creditors. The Texas exemption laws contain many such protections for the benefit of filers. […]

2025-08-26T14:03:05+00:00
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All You Needed to Know About Personal Bankruptcy and Business Ownership

For people who are the sole proprietor of their business, filing for personal bankruptcy can have ramifications on the business ownership too. This depends on how the business was legally organized and the type of bankruptcy you have filed in the court. As per U.S. bankruptcy code, individuals can file for bankruptcy under two chapters, depending on their circumstances – Chapter 7 or Chapter 13. As lawyers of Los Angeles based law firm Recovery Law Group explain, Chapter 7, also known as liquidation bankruptcy is one of the most common types of filing done in personal bankruptcy cases. [...]

2023-03-07T11:15:28+00:00
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Tips to Avoid Filing for a Second Bankruptcy

Filing for bankruptcy, though tough, is a smart decision to overcome your financial problems. However, as lawyers of Sacramento based law firm Recovery Law Group inform, debtor’s need to make these changes in their habits to avoid filing for bankruptcy again: […]

2025-08-21T11:41:11+00:00
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When Should You File for Bankruptcy?

Financial losses are common to everyone. Going through financially tough times can lead to drastic consequences. Federal government understands that without timely intervention and help in the form of bankruptcy, many people will continue spiraling down the financial mess. However, you have to decide what the last straw before filing for bankruptcy is. It is important to understand that with insurmountable debt, you will require more time to come out of the situation. The U.S. Bankruptcy Code was created to help those people who made an honest mistake and due to unfortunate circumstances have amassed a debt which [...]

2025-08-21T11:40:15+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.