affordable bankruptcy Los Angeles

Chapter 7 And Chapter 13

Call: 888-297-6203 When you plan to file for bankruptcy, there are two different types that you can file for. Though the result of both is the same, there are a lot of differences in both. Chapter 7 Filing for chapter 7 bankruptcy gives a permit to an individual to discharge their secured debts. Unsecured debts are mostly considered a consumer and household debts. Credit card debt, medical debt, auto loans, and mortgage debts are some debts that come into this category. Very limited debts are not covered under chapter 7 bankruptcy- Debts like student loans, child support, and [...]

2023-06-12T04:26:24+00:00
Read More

Learn How One Can Proceed With A Bankruptcy Case?

Call: 888-297-6203 Bankruptcy comes with benefits and drawbacks. Benefits such as getting rid of the debts that you had, or keeping most of your assets that you might have lost in foreclosures. And one of the drawbacks is case filling will show in your credit report for up to 10 years. Common chapters of bankruptcy? Mostly, chapter 7 bankruptcy and chapter 13 bankruptcy are filled. In chapter 7 bankruptcy, you don’t have a repayment plan, all of your non-exempt properties are sold by your bankruptcy trustee and he/she will distribute it among your creditors. The assets which are [...]

2023-03-30T10:05:47+00:00
Read More

What Do You Need To Pay For Filing A Chapter 7 Or 13 Bankruptcy?

Call: 888-297-6203 Though bankruptcy is meant to relieve you of financial problems, you need to pay a bankruptcy filing fee when you file for bankruptcy. This covers the cost associated with handling the case. However, if you have a low income, you can ask for a fee waiver. If you choose to amend your petition or convert your bankruptcy chapter, you might have to pay additional fees. Here is a look at the various fees you need to pay while filing for bankruptcy. Bankruptcy petition filing fees In your bankruptcy petition, you must inform about your income, assets, [...]

2023-03-30T11:51:51+00:00
Read More

Steps To File An Emergency Bankruptcy Petition

Call: 888-297-6203 The documents required to file an Emergency Bankruptcy Petition with the Court Clerk. 1) Recheck and be sure if an Emergency Bankruptcy Filing is required The procedure of Emergency Bankruptcy Filing comes in handy only when you need immediate bankruptcy relief, and you don't have the time to go through the procedure and file a traditional bankruptcy. In a situation wherein without an automatic stay is in effect, stopping certain forms of collection on the outstanding debt may not be possible, this is the method you need to opt for. The situation may be foreclosure, vehicle [...]

2023-05-19T07:06:54+00:00
Read More

Lien-Free Personal Property In Bankruptcy

Call: 888-297-6203 Bankruptcy helps remove lien on your personal property. 1) High-Interest Lenders Lenders often ask their customers to list their personal properties like Television, Gaming systems, and computers while taking a loan. The loan document contains a grant for the lenders, a security interest in those items. The lender can then repossess these household properties if you fail to pay the loan. Most people don't hold the ability to fight in these situations financially. A common practice with the lender is threatening the customer with repossession. 2) Lien Stripping Powers of 11 USC 522(f) A provision in [...]

2023-05-19T07:04:21+00:00
Read More

Elimination Of IRS Through Chapter 13

Call: 888-297-6203 Tax liens on a property are often filed by the IRS. This lien is extended to all the property in the country. It is good for 10 years and it applies to your house as well as your personal property. 1) Can the IRS Tax lien be avoided in total? Take an example where the market value of the house is $400,000 and the first mortgage balance is $350,000 and the second mortgage balance is $60,000. In such a situation, the IRS lien can be avoided completely. 2) After deducting senior liens, if there is still [...]

2023-05-19T07:09:17+00:00
Read More

Virginia Chapter 7 Bankruptcy

Call: 888-297-6203 A Virginia Chapter 7 Bankruptcy has a lot of moving parties. Knowing the different players and the common terminologies used can help in the process. 1) The Debtor The individual who files the petition in a Virginia Chapter 7 Bankruptcy is known as the Debtor. He is the person who seeks discharge of the debts owed to other individuals. A Debtor can be an individual or a business. A joint debtor, that is a Husband and Wife can also file together. 2) The Trustee In a Virginia Chapter 7 Bankruptcy, the person charged with the collection [...]

2023-03-30T10:11:58+00:00
Read More

Does Bankruptcy Affect You Financially?

Call: 888-297-6203 In the situation of a financial crisis, bankruptcy may be the only door open for you for a debt-free life. But nothing comes only with benefits. Bankruptcy has both positive as well as negative consequences. Not only during the case, but even later, bankruptcy will affect your life financially. 1) Types of Bankruptcy Most people file for bankruptcy either under Chapter 7 or Chapter 13. In chapter 13, the debtor needs to file a plan as to how they schedule to repay monthly debts, or parts of it, from the income at present over 5 years. [...]

2023-05-19T07:01:14+00:00
Read More

When Bankruptcy Is Filed, What Happens To Your Car?

Call: 888-297-6203 Before you file for bankruptcy, you need to find out if you will, or will not get to keep your car. This decision is dependent on several factors. 1) Is it possible that a Bankruptcy Trustee can sell my car? Yes, it is quite possible. When a chapter 7 Bankruptcy is filed, you are assigned a Bankruptcy Trustee, whose work is to see what all assets you hold, and how can he arrange them to make sure your creditors are paid. It may also include selling your car. 2) You can protect certain Assets (also your [...]

2023-03-30T10:16:41+00:00
Read More

How To Get A Home Loan After Bankruptcy?

Call: 888-297-6203 It is quite difficult for a person to take a home loan especially after filing for bankruptcy but it is not impossible, there are ways or rather steps you can follow and apply for home loans in no time. You have to re-build your credit rating- When you file for bankruptcy it affects your credit score and can stay up to ten years on your credit report, but this is not the end for taking a home loan. You can take home loans by rebuilding your credit scores. You can do that by taking a secured [...]

2023-04-19T12:22:20+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 are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.