affordable bankruptcy Dallas Archives - Page 24 of 29

Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?
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Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy

Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

Call: 888-297-6203 Usually, when you sign a loan, the lender requires a co-signer. This is to ensure that if you cannot pay the loan, the co-signer will pay it on your behalf. More often than not, it happens if you do not have a supporting credit history and the lender cannot rely on you to repay the debt. If you fail to make the payments, the lender has the freedom to go after the co-signer to recover the money owed to them. When you file for bankruptcy, the automatic stay prevents the creditors to collect money from you. [...]

Team Flexsin2023-04-19T11:33:59+00:00

What To Expect In A Creditor Lawsuits?
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What To Expect In A Creditor Lawsuits?

After Bankruptcy, Bankruptcy, Credit and Bankruptcy, Debt Settlement

What To Expect In A Creditor Lawsuits?

Call: 888-297-6203 When a creditor or collection agency sues you for non-payment of debts, you are served with a complaint and must respond to it. Once you respond to the suit, the process starts with discovery, settlement conferences, motions for summary judgment, and a trial. Creditor lawsuits can be divided into routine and non-routine cases. In the former case, you receive a notice for a trial and date from the plaintiff. Sometimes, you might be sent a notice of settlement conference before the trial date. Ensure that you attend the settlement conference or trial. in a non-routine debt [...]

Team Flexsin2023-04-19T10:21:27+00:00

How Automatic Stay In Bankruptcy Stops Your Creditors?
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How Automatic Stay In Bankruptcy Stops Your Creditors?

After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Settlement

How Automatic Stay In Bankruptcy Stops Your Creditors?

Call: 888-297-6203 Filing for bankruptcy results in a court order called the automatic stay. It helps to immediately stop most collection actions filed against you by any creditor, collection agency, or government entity. In addition, bankruptcy can prevent you from being evicted, foreclosure, repossession, loss of essential resources like utility, and wage garnishments. This relief can be temporary or permanent in some cases. What can Automatic Stay Prevent? The automatic can help you prevent utility disconnections when you are behind utility bills and face disconnection of water, gas, telephone service, electricity. Disconnection can be prevented for up to [...]

Team Flexsin2025-08-13T05:02:39+00:00

Is Bankruptcy Filing Possible Even If I Can’t Leave The House Due To Coronavirus?
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Is Bankruptcy Filing Possible Even If I Can’t Leave The House Due To Coronavirus?

After Bankruptcy, Bankruptcy, Chapter 7 Bankruptcy, Debt Settlement

Is Bankruptcy Filing Possible Even If I Can’t Leave The House Due To Coronavirus?

Call: 888-297-6203 Desperate times require desperate measures. Considering that the COVID-19 pandemic has made it difficult for people to step out, the rules for filing for bankruptcy have also been amended. Thanks to the temporarily changing of rules, many courts now allow bankruptcy lawyers to represent their quarantined clients. So, the primary step to getting a bankruptcy discharge is hiring an adequate bankruptcy lawyer. Since you cannot step out to look for one, you can ask your friends, neighbors, or family members for references. You can also find a lawyer using the online directory or through the State [...]

Team Flexsin2025-08-06T07:02:09+00:00

Chapter 11 Bankruptcy Plan Of Reorganization Explained
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Chapter 11 Bankruptcy Plan Of Reorganization Explained

After Bankruptcy, Bankruptcy, Chapter 11 Bankruptcy, Debt Settlement

Chapter 11 Bankruptcy Plan Of Reorganization Explained

Call: 888-297-6203 Debtors looking forward to reorganizing their debts while keeping their assets can opt for chapter 11 bankruptcy, say lawyers of Los Angeles based law firm. Through the reorganization plan, the debtor informs how the creditors will be paid within the stipulated timeframe. The plan needs to be accepted by creditors and approved by the court before being implemented. Chapter 11 bankruptcy This chapter is generally used by businesses or individuals with high net worth. When bankruptcy is filed under chapter 11, an automatic stay prevents all collection actions against you. You can continue to run your [...]

Team Flexsin2025-08-11T05:49:32+00:00

Does Filing For Personal Bankruptcy Result In Closing My Business Too?
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Does Filing For Personal Bankruptcy Result In Closing My Business Too?

After Bankruptcy, Bankruptcy, Chapter 7 Bankruptcy, Debt Collectors, Debt Settlement

Does Filing For Personal Bankruptcy Result In Closing My Business Too?

Call: 888-297-6203 According to lawyers of Dallas based law firm, when an individual files for chapter 7 bankruptcy, they might have to close their business down. However, if it is an LLC or a corporation, despite being personally liable for significant amount of debt, you might be able to keep it running. Here is what happens in different types of businesses during a bankruptcy filing: Sole proprietorship In this case, the trustee might ask for the business to be closed till an assessment of its value, exemption status and sale price of business assets in your bankruptcy estate [...]

Team Flexsin2023-06-27T07:51:43+00:00

Circumstances In Which You Are Personally Liable For Corporate Debt
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Circumstances In Which You Are Personally Liable For Corporate Debt

After Bankruptcy, Bankruptcy, Chapter 7 Bankruptcy, Debt Settlement

Circumstances In Which You Are Personally Liable For Corporate Debt

Call: 888-297-6203 There are situations in which the owner of a corporation or LLC might become personally liable for debts owed by the business. In that case, they need to file for personal bankruptcy rather than business bankruptcy advise lawyers of Dallas based bankruptcy law firm. Here are the situations which might lead to this situation: Signing personal guarantee An LLC is formed to restrict the owner’s personal liability for business related obligation. Usually, corporate shareholders and LLC members are not personally liable for business debts. However, most suppliers, banks, etc. do not extend credit without a personal [...]

Team Flexsin2025-08-12T11:56:25+00:00

Can Bankruptcy be the Solution for Identity Theft Related Debts?
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Can Bankruptcy be the Solution for Identity Theft Related Debts?

Bankruptcy

Can Bankruptcy be the Solution for Identity Theft Related Debts?

Call: 888-297-6203 Identity theft is a common issue across the country. People often face numerous issues because some obscure person managed to steal their identity. One of the worst problems is the amount of debt which identity thieves accumulate, which unfortunately gets reflected on your credit report. This can have grave consequences according to lawyers of Dallas based bankruptcy law firm Recovery Law Group. You might have to bear the brunt of aggressive debt collectors despite your repeated attempts to assure them of your innocence. How to deal with identity theft? Whenever you become aware of any identity [...]

admin2025-08-11T09:28:29+00:00

Can Filing for Bankruptcy Affect You as a Renter?
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Can Filing for Bankruptcy Affect You as a Renter?

Bankruptcy

Can Filing for Bankruptcy Affect You as a Renter?

Call: 888-297-6203 Bad things can happen to good people; however, this shouldn’t stop you from living your life. If due to some unfortunate streak of events, you end up accumulating a huge amount of debt, it should not hamper your chances of living a normal life. Many people are worried about the negative effect filing of a bankruptcy can have on their ability to get a house on rent. You can end up protecting your home in bankruptcy, but if bankruptcy appears on your credit report, will it create a problem for you as a renter? The answer, [...]

admin2025-08-11T09:29:15+00:00

An Increase Seen in Bankruptcy Filing in Elders
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An Increase Seen in Bankruptcy Filing in Elders

Bankruptcy

An Increase Seen in Bankruptcy Filing in Elders

Call: 888-297-6203 When people are unable to repay their debts and find no other way out, they opt for bankruptcy. In recent years, there has been an increase in the number of elders filing for bankruptcy. compared to young filers, the number of senior citizens filing for bankruptcy has tripled in the past 25 years. According to Dallas based bankruptcy law firm Recovery Law Group, the reasons why bankruptcy filing has seen an increase in older debtors are: Higher healthcare costs With increasing age, health complications are bound to happen. Thanks to erratic lifestyle, diseases like diabetes, hypertension, [...]

admin2025-08-11T09:31:09+00:00

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Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

Does The Co-Signer Have To Pay The Debt If You Cannot Pay For It?

What To Expect In A Creditor Lawsuits?

What To Expect In A Creditor Lawsuits?

How Automatic Stay In Bankruptcy Stops Your Creditors?

How Automatic Stay In Bankruptcy Stops Your Creditors?

Is Bankruptcy Filing Possible Even If I Can’t Leave The House Due To Coronavirus?

Is Bankruptcy Filing Possible Even If I Can’t Leave The House Due To Coronavirus?

Chapter 11 Bankruptcy Plan Of Reorganization Explained

Chapter 11 Bankruptcy Plan Of Reorganization Explained

Does Filing For Personal Bankruptcy Result In Closing My Business Too?

Does Filing For Personal Bankruptcy Result In Closing My Business Too?

Circumstances In Which You Are Personally Liable For Corporate Debt

Circumstances In Which You Are Personally Liable For Corporate Debt

Can Bankruptcy be the Solution for Identity Theft Related Debts?

Can Bankruptcy be the Solution for Identity Theft Related Debts?

Can Filing for Bankruptcy Affect You as a Renter?

Can Filing for Bankruptcy Affect You as a Renter?

An Increase Seen in Bankruptcy Filing in Elders

An Increase Seen in Bankruptcy Filing in Elders

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