Bankruptcy Attorney Firm

Simple Truths about Bankruptcy

Bankruptcy is a misinterpreted word that is not discussed in open conversation. A person declaring bankruptcy is often looked down by society. In fact, bankruptcy is a good way to save face from bad loans and lead a respectable life. Bankruptcy is substantially explained on Recovery Law Group, which will expose myths about bankruptcy. # 1 myth Bankruptcy is often considered petrifying. In fact, bankruptcy is a good solution from never-ending debts, wage garnishments, creditors pressurization. It offers a fresh start for debtors and abstains foreclosure. All a debtor need is an experienced bankruptcy advocate to make the [...]


What to Expect While working with a Bankruptcy Attorney?

Financial issues can be quite demanding and confusing at the same time. Though the law does not require that you be represented by a lawyer while filing for bankruptcy, it is often advised to do so. The reason for this is that bankruptcy petition filing or a 341 hearing is much more complex than just filling out a few forms. There is a lot more that a bankruptcy lawyer can help you with. Here’s looking at some of the advantages that having a bankruptcy lawyer brings to the case: Help determine which chapter of bankruptcy will suit your [...]


What Happens in Free Case Evaluation?

Living under constant threat of repossession or foreclosure is terrifying. There is no denying the fact that being under debt can hurt not just financially but also emotionally. In case you are undergoing troubled times where you are constantly at the edge due to insurmountable financial debt, working tirelessly to bridge the never-ending gap between needs and dues; you need to take control to attain financial freedom at the earliest. Consulting a bankruptcy lawyer can make you aware of any and all possible options open for you. Can Bankruptcy be the Answer to Your Problems? Many people with [...]


What Factors Should You Consider Before Choosing Bankruptcy Attorney in Los Angeles?

More often than not, bankruptcy is extremely frustrating. People are often at their wit’s end when they choose bankruptcy as an option. Choosing the best bankruptcy attorney or a law firm that has enough experience in dealing with similar cases can be an asset to your case. Since bankruptcy can have long term consequences, having an in adept legal counsel can help the case a lot. There is no dearth of bankruptcy lawyers in the city, however, it is often difficult to choose one from them. Having some tips available to help you narrow down possibilities can be [...]


Should You Opt for Bankruptcy Planning?

For most people filing for bankruptcy can be quite traumatic. However, if you are aware that it is the only legal option available to take care of the ever-increasing debts, then you can prepare for it. Bankruptcy planning can be quite helpful for your case. In case you are unaware of the provisions of the Bankruptcy Reform Act (2005) and how they may affect your bankruptcy case, you might need the assistance of bankruptcy lawyers such as those belonging to Dallas based law firm Recovery Law Group. Having a bankruptcy attorney by your side can help you with [...]


How Bankruptcy Lawyers can Help People Get out of Debts?

Debts can be daunting, especially if they are huge and have been accumulated without ever getting reduced. In such circumstances, it is extremely difficult to make any plans for the future as a majority of the time is spend trying to find a balance between averting crisis involved debt collectors. In order to break this vicious cycle and get ahead in life, you need to consult bankruptcy lawyers to know how bankruptcy can be of assistance for you in these tough financial times. One of the primitive steps that you should take regarding your finances is to be [...]


Frequently Asked Questions about Bankruptcy

Many people who are facing grave financial issues, often have doubts about bankruptcy. It is therefore important to clear all your doubts related to it. Here are some FAQs about bankruptcy: What is Personal Bankruptcy? Personal bankruptcy offers 2 options mostly for individuals and couples; under Chapter 7 and Chapter 13. Both cases are designed to help people who are unable to pay their debts and get a fresh start. However, both options operate differently and are suitable for people with varying economic needs. What is The Difference between Chapter 7 and Chapter 13 Bankruptcy? Chapter 7 bankruptcy [...]


The Creditors Meeting – All That You Need To Know!

The creditors meeting or the 341 hearing indicates the commencement of the case. This is mandated by the United States Bankruptcy Court for the specific states and is scheduled 30 days after the bankruptcy filing. The date and the time for this meeting of creditors along with the debtor is notified within a couple of weeks of filing. Here’s how you need to plan for the meeting as a debtor – The meeting generally happens over a span of 2-3 hours. Also, take into account the travel time needed to reach the court There is no imperative dress code needed to bead hered to or to dress up fancily Getting through the [...]


Reducing Your Car Debt – Chapter 13 Bankruptcy

Have did you buy your car using finance options over the last two and a half years ago? Then if you are struggling with paying back the car loan, the Chapter 13 bankruptcy in most cases help you reduce the rate of interest on the car loan or reduce the total balance of it. Let’s understand further with a scenario – if your car loan balance is $20,000 at the end of three years and if the value of your car is just $10,000, then the remaining $10,000 converts as an unsecured debt (since the car doesn’t secure this). A percentage of this unsecured [...]


More About Emergency Bankruptcy Filing

The process of filing for bankruptcy usually involves the filling of various forms along with your bankruptcy petition – these forms are mandated by the court. Along with the forms, the debtor needs to gather all supporting information or documentation. This can take up a lot of his time. In cases, where the debtor is really stuck with a crisis situation like the foreclosure of a home or a wage garnishment, then he can file an emergency bankruptcy by filling a few of the needed forms to get the process started. Why an emergency bankruptcy? As soon as you file [...]

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