Bankruptcy Consultation Los Angeles

Is A Court Proceeding Required After Filing For Bankruptcy?

Call: 888-297-6203 A lot of people apply for bankruptcy just to get away from a stressful life. Be it the loss of a job, illness, divorce, or anything as such. The thought of going to court after all this stress becomes another tension. 1) Mostly Chapter 7 does not require going to court Chapter 7 helps free you from your financial tensions, and not add another pressure on you. It is mandatory to appear at the 341 meetings or the meeting of creditors. But in very rare cases does going to a courtroom take place if you apply [...]

2023-05-19T07:20:46+00:00
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What To Expect In Bankruptcy?

Call: 888-297-6203 1) Meeting an Attorney The most important step before filing bankruptcy is meeting with the right attorney who will help you with all of your problems and will give you the right choices. You can also contact Recovery Law Group from Los Angeles & Dallas, TX for the Same. Contact - (888-297-6203). 2) Deciding of the Chapter to file in Another important decision you need to make is deciding whether you need to file for chapter 7 or chapter 13. Both are good in their sense and have their advantages and disadvantages. Chapter 13 will give [...]

2023-06-05T12:01:49+00:00
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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
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Things To Know About Chapter 7 Bankruptcy

Call: 888-297-6203 Chapter seven bankruptcy may seem very easy to some but very confusing to some too. These are some things you need to know about chapter 7 bankruptcy. 1) What is Chapter 7 Bankruptcy and how is it different from Chapter 13? A chapter 7 bankruptcy is nothing but a form to give a debtor and option to let go of all of their debts. It may include liquidation of their assets to pay them off. The major difference between the two is that: Chapter 13 sets a payment plan to pay the debts, while chapter 7 [...]

2023-04-19T13:32:25+00:00
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The Timeline That You Will Need To Follow While You File For Bankruptcy Under Chapter 7

Call: 888-297-6203 In terms of information providing for chapter 7 bankruptcy, it is technical in terms but the process is straightforward. The process to file is almost the same everywhere but it might vary from state to state. Here are the stems that are common in most of the states. Consultation- You should first consult a good attorney presenting your financial status, the attorney will guide you through the process and tell you whether you need to go forward with chapter 7 or chapter 13. Sometimes the attorney may do so with no cost. For a good attorney [...]

2023-04-19T12:14:32+00:00
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Use This Legal Primer To Help You With Reaffirmation In Chapter 7

Call: 888-297-6203 When a Debtor plans to reaffirm, it so happens at times that either its Creditors or opposing parties, or the regulators or bar counsel who have never filed a case or helped anyone in their life, advice the debtors on things they aren’t sure themselves, and the debtors are often misled. This article will help you know the depths and details of reaffirmations, which, though important, have been neglected, and created confusion since 2005. 1) There is not 1, but many options to keep your Assets as they are. So fretting won't help you. Remember, chapter [...]

2023-04-19T12:13:25+00:00
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Can Bankruptcy Help Retrieve A Judgment Creditor’s Funds Levied From My Bank Account?

Call: 888-297-6203 A judgment creditor can cause funds from your checking account to be levied. However, timely action can reverse this. Usually, people come to know of having their checking accounts seized when they receive a notice from the bank. If you wish to recover this, you need to know the process that had taken place. In most cases, bank levies occur only after the creditors have obtained judgment for the money owed to them. However, most of these judgments are obtained by default, usually based on false claims of sending summons and complaints. Unfortunately, the debtors have [...]

2022-04-05T05:55:15+00:00
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The Affect Of Chapter 13 Bankruptcy On Your Car

Call: 888-297-6203 1) If Chapter 13 Bankruptcy is filed, can I keep my car, or do I have to give it off? When filing for Chapter 13 Bankruptcy, you can keep all of your assets, including the nonexempt ones. A repayment plan is a set-up, and money is paid to the Chapter 13 trustee. Also, none of your property is sold off to pay back the creditors. Through the repayment plan, even if you have nonexempt equity on your car, you will have to pay your creditors (especially unsecured ones) an amount equal to your non-exempt equity. 2) [...]

2023-04-19T11:38:24+00:00
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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. [...]

2023-04-19T11:33:59+00:00
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Want To Go For Joint Bankruptcy Filing – Know These Facts!

Call: 888-297-6203 Before you plan to go for Joint Bankruptcy, know certain facts with their pros and cons so that it will help you decide whether it is a good option for you or not. 1) Want to know how Joint Bankruptcy works? As the name suggests, in a Joint Bankruptcy Filing, you and your spouse together have to file only one set of documents. These documents that you submit to the Bankruptcy Court should contain all the information and details about both your spouse and yourself, relating to Income, Expenses, Debt, and Assets. Filing for a Joint [...]

2022-04-05T05:04:25+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.