Debt Settlement

Pros And Cons Of Declaring Bankruptcy

Call: 888-297-6203 Filing bankruptcy can come with a bunch of pros and cons with it. It is essential to understand whether those pros and cons make sense to a particular filer. By carefully viewing and understanding the pros and cons, one can make a wiser decision about whether to opt for bankruptcy or not. Find more such bankruptcy-related facts on https://recoverylawgroup.com/bankruptcy/. What are the advantages of filing for bankruptcy? The advantages of filing bankruptcy can be listed as follows- Instant relief from the debt retrieving procedures Often when you are lagging the payments, the lenders start to foreclose [...]

2023-03-16T10:44:17+00:00
Read More

You Should Consider Filing For Bankruptcy If You Owe A Lot Of Money

Call: 888-297-6203 Before you decide on filing for bankruptcy due to your unmanageable debts, it is important that you meet with a Licensed Insolvency Trustee (LIT). They will help to evaluate your current financial situation as well as provide you with multiple alternatives that you can take to get rid of your debts.  What to do if you cannot find a Licensed Insolvency Trustee (LIT)? Under circumstances when you are unable to find a LIT, you can take the help of OSB’s Bankruptcy Assistance program provided- You have previously tried to get in touch with at least 2 [...]

2023-03-21T09:13:25+00:00
Read More

Nonconsensual Lenders And The Bankruptcy Court

Call: 888-297-6203 Bankruptcy can be filed with Chapter 11 or Chapter 13 or Chapter 7. If a business the options further narrow down to Chapter 11 or Chapter 7. In other words, Chapter 13 is something exclusive for the individuals. Chapter 7 deals with liberating debts in exchange for assets and Chapter 13/11 deals with a future payment plan that aims at fulfilling the majority of the debts in the period of 3-5 years. Most of all the assets of the business or an individual can be safeguarded under Chapter 11 or 13. To know more about each [...]

2023-06-26T06:42:43+00:00
Read More

Bankruptcy And The Chapter Under Which You Can File

Call: 888-297-6203 Filing for bankruptcy is a complicated procedure and a filer must adhere to all the provisions of the bankruptcy codes. Therefore, it is mostly recommended to consult a good attorney before you decide on filing for bankruptcy to get proper guidance. An individual or business who suffers from an overburden of piled-up debts usually files for the legal procedure of bankruptcy. If the business or individual is unable to cope with the adding up of debts, they can apply to file for bankruptcy under the united states bankruptcy court. To get in touch with an attorney [...]

2023-06-26T06:55:57+00:00
Read More

All You Need To Know About A Bankruptcy Trustee

Call: 888-297-6203 When you file for bankruptcy under chapter 7, the court appoints a bankruptcy trustee who oversees all the evaluation of the property as well as the distribution of the funds to the creditors after selling the assets. It is important to know that the trustee only acts under the discretion of the court and no final decision can be taken by them unless approved by the bankruptcy court. What are the responsibilities of a Trustee? The responsibilities of a trustee vary depending on the chapter of bankruptcy that you are filing under. For example, under chapter [...]

2023-03-16T10:54:21+00:00
Read More

Federal Tax Liabilities And Bankruptcy

Call: 888-297-6203 Federal income tax dues are non-dischargeable debts and getting relief from them can be extremely difficult. IRS can sue the debtor for an asset lien to recover dues, interest, and penalties. To stop the collection of dues from lenders like IRS, filing for bankruptcy can put their collection attempts to a temporary stop until the bankruptcy court arrives at a certain judgment. This relief sometimes can prove very important in financially draining situations. Know more about bankruptcy and its impacts on https://recoverylawgroup.com/bankruptcy/.  Federal tax dues and penalties or interest are taken very lightly unless it is [...]

2023-06-27T07:39:30+00:00
Read More

How To Determine If Chapter 7 Is For You?

Call: 888-297-6203 Chapter 7 is an extremely popular bankruptcy chapter. Many individuals, close to 85% in a survey, expressed their interest to file bankruptcy under chapter 7. The ability to safeguard basic assets using exemptions and discharge maximum debts seems lucrative to all. However, many people have a lot of misconceptions about chapter 7, which is why close to 70% of people who filed for bankruptcy under chapter 7 were not very happy or satisfied with the outcome. Know more about chapter 7 bankruptcy alternatives at https://recoverylawgroup.com/bankruptcy/. When is chapter 7 for you? Chapter 7 can just be [...]

2023-06-27T07:25:21+00:00
Read More

Chapter 13 Or Wage Earner Plan

Call: 888-297-6203 The wage-earner plan is a nickname given to Chapter 13 bankruptcy. The reason to give this name to the chapter 13 bankruptcy is due to the characteristics of the bankruptcy chapter. Unlike Chapter 7, Chapter 13 focuses on clearing as much as debt possible using a reliable source of income through the next 3-5 years. The tenure depends on the debt and the disposable income. There is a misconception that a wage-earner plan does not result in a discharge. However, there can be a discharge if the future disposable income isn’t sufficient to repay some of [...]

2023-03-22T09:38:22+00:00
Read More

Eviction From Rented Property And Bankruptcy

Call: 888-297-6203 Bankruptcy can assist in safeguarding home and preventing home foreclosures. But what happens when a filer is in a rented property? This is a tricky question and a very common one across potential bankruptcy filers. If you are current on your rents, then it shouldn’t be an issue to prevent eviction from your home or an apartment. But if you are not, then the landlord has every right to pursue a possession and eviction judgment from respective authorities. Bankruptcy has different consequences depending on whether a landlord has achieved a judgment of eviction and possession or [...]

2023-06-27T07:42:08+00:00
Read More

All That You Need To Know About An Automatic Stay

Call: 888-297-6203 When an individual file for bankruptcy, an automatic stay is automatically put into effect. With the help of the stay, the debtor is no longer harassed by the creditors in terms of wage garnishment or collection calls. However, this is only temporary and can be pleaded by the creditors to be lifted as well. The function and working of an automatic stay An automatic stay is recognized under section 362 of the United States Bankruptcy Code. The filer does not need to apply for this separately. When they file for bankruptcy, it gets into effect automatically. [...]

2023-06-26T07:02:57+00:00
Read More
Load More Posts

Recovery Law Group Logo

888-297-6203

Headquarters

309 W 11th Street,
Anderson, IN 46016
310-997-0471
Clients: customerservice@recoverylawgroup.com
Attorneys / Trustees and Court Officials: info@recoverylawgroup.com

PAID ATTORNEY ADVERTISEMENT: Wajda & Associates is a law firm. This website is an advertisement. It is not a lawyer referral service or prepaid legal services plan. Each of the lawyers on this site are either Managers, Members, Partners, Limited Partners or staff attorneys. An attorney responsible for the content of this Site is Nicholas Wajda, APC. licensed in California, Texas, and Indiana with offices at 309 W 11th Street Anderson, IN 46016. To see the attorney in your area who is responsible for this advertisement, please  Click here.  Prior results do not guarantee a similar outcome.
We help people file bankruptcy petitions to obtain relief under the bankruptcy code.