Bankruptcy

Are Bankruptcy Records Open for All?

Going through a really bad financial crisis can be really traumatic for people. However, bankruptcy laws are designed to help individuals and companies out of the financial mess, so that they can begin their new lives with a financially clean slate. Automatic stays and discharge of debts are a great help to individual consumers who have filed for bankruptcy under chapter 7 or chapter 13. However, despite various benefits like foreclosure defense, debt relief, and financial stability, there are many concerns amongst people regarding their future. Bankruptcy lawyers of Recovery Law Group , a Sacramento based law firm [...]

2025-08-06T07:22:27+00:00
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Shattering Common Myths about Bankruptcy

Money lending is an immensely monetary satisfying business. One of the major reasons why credit card companies and other private lenders thrive is because of the fact that people once used to live beyond their means are a golden goose. They ensure that you are always in debt so that they can make money off you. The biggest way to do this by making bankruptcy, which incidentally, is the best legal resort to get your debts waived off, as one the worst thing to happen to you. To dispel false ideas about bankruptcy, Sacramento based law firm Recovery [...]

2025-08-08T05:15:57+00:00
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Bankruptcy Basis – How To Get Discharge in Bankruptcy?

Bankruptcy discharge varies on the type of bankruptcy chapter the case is filed under by the debtor. Bankruptcy discharge relinquishes a debtor from any personal liability for some specified types of debts i.e. a debtor is no longer legally bound to pay any debts that are discharged by the court. Since the discharge is permanent, creditors are prohibited from taking any action (legal action or communication with the debtor, letter, phone call, personal contact, etc.) for the collection of discharged debts. Though the debtor is not to be held personally liable for any discharged debts, a valid lien [...]

2023-01-12T08:34:44+00:00
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How to Prevent Bank Levies

In case you have incurred huge debts and are in no financial condition to pay them off, the best resource available to you is to file for bankruptcy. To do the same you can either use one of the bankruptcy lawyers to file bankruptcy for you or you can do it yourself. However, as Sacramento based law firm Recovery Law Group explains, many times debtors filing for bankruptcy without any help from lawyers, end up into financial troubles like post-bankruptcy filing bank levies. […]

2025-08-08T05:03:25+00:00
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Bankruptcy – Get a Fresh Start

People often end up spending more than they earn making them unable to pay their dues. One of the best ways to protect yourself, according to Los Angeles based law firm Recovery Law Group is to file for bankruptcy. This offers a fresh start to people who are unable to pay their dues. They can liquidate their assets to clear their dues or form a repayment plan. Bankruptcy laws can be used to help protect financially unstable businesses too. […]

2025-08-21T08:16:58+00:00
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How Can Automatic Stay Help People Filing For Bankruptcy?

Bankruptcy is a daunting word, especially for those who are facing acute financial problems. Filing for bankruptcy does not come easy for people. However, it is surprising that many people are unaware of the fact that a number of options are available for people that can help you during this process. The automatic stay is one of the biggest arsenals in the kitty for people who file for bankruptcy. However, not much is known about this tool. The automatic stay is a part of all bankruptcy cases and helps stop all creditors and debt collection agencies from taking [...]

2025-08-08T05:12:07+00:00
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Bankruptcy Basics for Federal Bankruptcy Laws

Federal bankruptcy laws and the bankruptcy process in entirety is one of the ways to offer a new lease of life to people who have been struggling to make ends meet and clear their dues. This kind of a situation can come in anyone’s life due to some miscalculated risks and financial decisions. However, it is not the end of the world as bankruptcy laws offer a chance for people to redeem themselves. Basics of bankruptcy include: […]

2025-08-08T05:18:17+00:00
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All You Wanted to Know About Bankruptcy Basis Process

The Bankruptcy Code is a uniform federal law which is used to govern all bankruptcy-related cases. According to U.S. Constitution Article I, Section 8, Congress is authorized to enact “uniform Laws on the subject of Bankruptcies”. The “Bankruptcy Code” (title 11 of United States Code) was thus enacted by the Congress in 1978 and has undergone several amendments since then. The bankruptcy process proceedings are governed by the Bankruptcy Rules (Federal Rules of Bankruptcy Procedure) and local rules of each bankruptcy court. As per bankruptcy rules, a certain set of official forms are to be used in bankruptcy [...]

2025-09-05T13:20:11+00:00
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Know More About Chapter 7 Bankruptcy Exemptions

Bad financial decisions may lead to economic problems. Filing for bankruptcy under Chapter 7 may provide you relief from your debt collectors. However, in the process you might end up losing some of your property. However, all is not lost as people who file for bankruptcy under chapter 7 are allowed to keep certain full exempt property. Exempt property is protected from creditor’s claims by the law. Some states like Colorado allow property to be exempt only under state law. Exempted property includes a portion of or the entire unpaid wages, household furniture, personal effects and home equity. [...]

2025-08-21T11:07:13+00:00
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Bankruptcy Exemptions: An Overview

Filing for bankruptcy is a last resort for many people struggling immensely with financial issues and non-payment of dues. In this trying time, bankruptcy exemptions play a massive role in both chapter 7 & chapter 13 bankruptcy. While exemptions in chapter 7 bankruptcy help determine how much property can you keep, those in chapter 13 are used to keep your repayment plan payments low. Before delving deeper, it is important to know about bankruptcy exemptions. […]

2025-08-08T05:21:40+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.