affordable bankruptcy attorney los angeles

Bankruptcy Myths Busted

Call: 888-297-6203 Despite bankruptcy being one of the best ways to get rid of debts, there are numerous myths associated with bankruptcy because of which people are wary of filing for it. However, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, it is important to sift fact from fiction, especially about something as important as a bankruptcy. Here’s a look at some of the most common myths associated with bankruptcy. #1 If you have a job, you can’t file for bankruptcy In the case of Chapter 7, debts are discharged, after the filer’s non-exempt [...]

2019-09-20T12:35:04+00:00
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Does Bankruptcy End Child Support Obligations too?

Call: 888-297-6203 Despite being one of the best ways to get rid of debts, bankruptcy does not clear you of all your financial obligations. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, elaborate that certain debts survive bankruptcy, no matter which chapter of bankruptcy you have filed under. These obligations include child support debt and alimony. Whether you chose to file for bankruptcy under Chapter 13 or Chapter 7, you will not be off the hook for paying child support and alimony dues to your spouse. Additionally, any fines due to restitution order by a [...]

2023-03-31T14:35:27+00:00
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Vehicle Repossession in Bankruptcy

Debts against which the creditor has collateral are known as secured debts. Examples of secured debts include automobile loan, mortgage, etc. Since both these are essential for living a comfortable life, it is important that you are not behind on payments for such loans. Having a vehicle has become a necessity these days, considering that commuting time is considerably reduced due to them. Missing payments on your automobile loan can have severe consequences. The lender can repossess the vehicle if you end up missing payments. However, having experienced lawyers like those of Los Angeles based bankruptcy law firm [...]

2019-09-19T12:01:02+00:00
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Points to Consider While Contemplating Bankruptcy

Call: 888-297-6203 Managing your finances is easier said than done. Many people find it difficult to manage their financial problems leading them to consider various debt relief options like debts settlement, debt consolidation, and even bankruptcy. Sometimes, just adjusting your spending patterns is enough to manage your debts, while sometimes, you might require the assistance of professionals to get rid of your debts. Though bankruptcy has earned a bad name, according to Los Angeles based bankruptcy law firm Recovery Law Group, it is probably one of the better ways to manage your situation. However, before deciding to go [...]

2021-12-07T04:43:26+00:00
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How Easy is it To Purchase a Home After Bankruptcy?

Though it is an excellent way to get rid of unsurmountable debts, bankruptcy has its downside too. Your credit report can remain affected by your bankruptcy for a long time. Bankruptcy remains on your credit record for a duration of 7 years in case of Chapter 13 bankruptcy and 10 years in case of Chapter 7 bankruptcy. This has a detrimental effect on your ability to get credit in the future. Though you may find it difficult to purchase a home after bankruptcy, lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, say, it is not [...]

2021-12-07T04:46:53+00:00
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Consumer Benefits of Chapter 13

Call: 888-297-6203 While bankruptcy might be traumatic, it is an excellent way to get rid of excessive debts legally. As per lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, most people filing for bankruptcy prefer Chapter 7. This is probably because you get a discharge within a relatively smaller time and with few financial restrictions and probable loss of some personal property, they can get rid of their debts. However, if you have a substantial income to pay off your debts, you might not be able to qualify for Chapter 7. In such a scenario, [...]

2021-12-07T04:49:56+00:00
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Late Claims in Chapter 13: Ohio Court Rules Against This Practice

Call: 888-297-6203 When a person chooses to get rid of their debt by filing for bankruptcy, the best way is to hire a lawyer. This is so because bankruptcy is a complicated process involving several legalities and documents. Experienced lawyers such as those of the Los Angeles bankruptcy law firm Recovery Law Group, make it a point to inform every creditor mentioned in the list of the impending bankruptcy filing of their client. In case the client chooses to file under Chapter 13, any secured creditor can claim against the debtor getting a discharge. However, there is a [...]

2019-09-12T11:52:13+00:00
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Everything You Wanted to Know About the Chapter 13 Repayment Plan

Call: 888-297-6203 Filing for bankruptcy is often the last option taken by people who have been struggling with debts for a long time. According to Los Angeles based bankruptcy law firm Recovery Law Group lawyers, people have the option of filing under Chapter 7 or Chapter 13. Ideally, Chapter 7 is preferred as it gets rid of all unsecured debts without losing many assets of the bankruptcy filer. If, however, you fail to qualify the means test, you are stuck with Chapter 13. It is therefore important to know what happens in this chapter so that you are prepared [...]

2019-09-12T11:52:02+00:00
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Considering Bankruptcy To Get Rid of Debts? Here are Things You Should Remember

Call: 888-297-6203 If you have been struggling with financial problems for long, bankruptcy can be the way out of the financial mess. It might ideally not be your chosen way to rebuild credit, but it sure does give you a fresh economic start which you deserve. However, due to the numerous myths associated with the bankruptcy filing, people are often worried if it is the best way to go ahead. To clear doubts, lawyers of Los Angeles based bankruptcy law firm Recovery Law Group point out the circumstances where bankruptcy can be beneficial: You are facing repossession or [...]

2021-12-07T04:57:49+00:00
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Drawbacks of Chapter 7 Bankruptcy

Call: 888-297-6203 When it comes to bankruptcy, most people prefer Chapter 7, as it lets you get rid of all your debts without losing any assets. Moreover, the discharge is also guaranteed within a relatively smaller time frame (3-6 months) compared to Chapter 13 bankruptcy (3-5 years). However, despite the numerous benefits associated with it, it is important to weigh in the losses due to this bankruptcy chapter before deciding to pursue it further. Los Angeles based bankruptcy law firm Recovery Law Group lawyers advise that being aware of the pros and cons is important to avoid disappointment later [...]

2019-09-10T13:23:22+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.