Debt Settlement

Getting Out of Debt is Easy

Call: 888-297-6203 Unless you take control of your finances when they first start spiraling out of hand, you will find it very difficult to manage them later. Despite your best efforts, bankruptcy might be the only way you might be able to get rid of your debts. However, filing for bankruptcy is a decision that can be quite emotional as well as confusing. Since most of the legal jargon goes above your head, Dallas based bankruptcy law firm Recovery Law Group says that hiring a lawyer is the best way to deal with bankruptcy. If you have not [...]

2019-09-20T13:15:04+00:00
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What are Some of the Biggest Mistakes People Make While Paying off Debt?

Nearly 50% of the population in the US is under debt. This can be attributed to lifestyle mistakes like not living on a budget, not creating any emergency and retirement funds, etc. To get out of debts, it is important to seek counseling and alter your lifestyle. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group confirm that this can be done by avoiding common mistakes usually made by people such as: Not changing spending habits It is important to realize that your spending habits lead you to this condition. Unless you make changes, you will [...]

2021-12-07T05:25:55+00:00
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Embezzlement Debts During Bankruptcy

Embezzlement refers to liability occurring from criminal, fraud, litigation and other malpractice. The jury or court usually orders an individual to pay fines or compensation or penalty based on the crime or law/code violation. This kind of debt is referred to as embezzlement debt. The common doubt or question people have is; Will the embezzlement debt be discharged during bankruptcy? It is important to learn that the type of debts held by the person filing bankruptcy is usually arranged on the basis of priority to determine the discharge or release ability. In the array or order, the embezzlement [...]

2019-07-12T12:37:06+00:00
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Family Member Debts and Bankruptcy

There are several reasons for taking a loan from family members. Just before bankruptcy or during bankruptcy its quite common to have some loans from relatives, parents, siblings and other family members. The debts have piled up big time and before you file for bankruptcy is there something that you can do with your family member debts? The process of bankruptcy makes you list all your creditors/lenders so that may also include your friends, family members and all lenders irrespective of the debt type. Under chapter 7, if you do not have any non-exempt assets, your lenders might [...]

2023-01-17T11:16:12+00:00
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What are the Debt Settlement Solutions Available to Residents of Los Angeles?

Many times people find it difficult to make ends meet. The requirements keep on piling and money often falls short. This invariably leads to people in need of credit cards, which charge through the roof. The financial stress due to unpaid bills and accumulated debt can be quite frustrating. However, a solution in the form of bankruptcy is available. If you wish to avoid foreclosure and get your life back on track, you need to consult Los Angeles based bankruptcy attorneys of the law firm Recovery Law Group. What to Look for When Hiring Bankruptcy Lawyers? Taking new [...]

2021-12-08T04:56:11+00:00
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Bankruptcy is a Powerful Tool for Debtors

If you’re dealing with extreme debt troubles, submitting for financial ruin can be a powerful remedy. It stops maximum collection moves, inclusive of telephone calls, salary garnishments, and complaints (with a few exceptions). It additionally eliminates many kinds of debt, together with credit score card balances, clinical bills, personal loans, and more. However it doesn't stop all creditors, and it doesn’t wipe out all obligations. as an example, you’ll still need to pay your pupil loans (except you could show a hardship) and arrearages for child support, alimony, and maximum tax debts. examine on to examine more about [...]

2023-03-15T09:00:10+00:00
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Debt Settlement In Dallas : What You Need To Know

Struggling with debt? Did you recognize that debt agreement is a choice? you might see ads on overdue night time television providing debt alleviation and debt reduction thru agreement. Debt settlement is an actual alternative for lowering the amount you owe and the interest rate you’re paying, however, beware of debt agreement fraud, and make certain you keep in mind that debt settlement involves letting debts fester in an effort to at some point settle them. Before we move into more detail, permit’s start at the start. Credit and Defaulting on Debt If you miss a price on [...]

2019-05-16T13:23:05+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. […]

2023-03-13T09:12:42+00:00
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Is There a Difference Between Bankruptcy & Debt Settlement?

A stroke of misfortune or sheer bad luck with monetary investments may result in severe financial problems for people. If you too are struggling through insoluble debts, you are faced with 2 choices as per Sacramento based law firm Recovery Law Group - filing for bankruptcy or opting for debt settlement. However, to become financially stable again, you need to choose between the 2 options available to you. Though many people are aware of bankruptcy, not much is known about debt settlement. It is important for debtors to understand the difference between the two, for them to choose [...]

2019-05-09T12:46:59+00:00
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Live the American Dream without any Debts

The quintessential American dream has brought many people to the country where everyone has equal opportunity to make it big. Before economic recessions caused financial distress to numerous people, the American dream meant having a huge house, big car, access to a large number of credits to spend like the rich and famous. However, stagnation has caused many Americans to lose their jobs to business contractions, their homes to foreclosure and overspending to the credit crisis. This has caused disillusionment in many people leading them to question whether the American dream can be realized without incurring huge debts. [...]

2019-05-06T10:10:40+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.