Bankruptcy Consultation Los Angeles

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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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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When is The Credit Score Updated After Bankruptcy?

Call: 888-297-6203 Nothing is permanent in life. Not even the ill-effects of bankruptcy. Though it becomes public record and negatively affects the credit score of an individual, bankruptcy is removed after seven to ten years from the credit report of the filer. However, it takes time to change your credit score. Many people are worried if their credit score does not show any improvement even after bankruptcy is removed. According to the Los Angeles based bankruptcy law firm Recovery Law Group, there are different ways of calculating credit scores. Different lenders have different strategies to check risk management [...]

2019-09-09T11:10:42+00:00
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How Long Does It Take to Rebuild Credit?

Call: 888-297-6203 In terms of credit rating, nothing could be worse than bankruptcy. Since it has long term effects on your credit history, you should weigh in all options before choosing to file for bankruptcy. As per Los Angeles based bankruptcy law firm Recovery Law Group, bankruptcy is a red flag which warns creditors of your financial issues. Depending on the bankruptcy chapter, the bankruptcy record remains on your credit report for 7-10 years. Thus, for this duration, you will be facing negative effects such as getting new credit at reasonable rates, etc. Though bankruptcy can cause numerous [...]

2019-09-05T12:25:09+00:00
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What to do If You Want to Get a Mortgage Loan After Bankruptcy?

Call: 888-297-6203 Though it is designed to relieve you of your debt issues, bankruptcy can cause huge problems for you too; especially when it comes to getting loans. When any individual files for bankruptcy, it becomes public record and appears on their credit report. This makes prospective lenders aware of the risk associated with lending money to you. Hence, you find very few creditors willing to give you the loan at rates and conditions which are acceptable to you. In case you wish to get a mortgage loan after going through Chapter 7 bankruptcy, you will find that [...]

2021-12-07T05:12:08+00:00
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Common Misconceptions Regarding Bankruptcy

Despite bankruptcy being one of the best methods of legally getting rid of unsecured debts, it is often misunderstood. People look down upon the very idea of filing for bankruptcy due to the unnecessary social stigma attached to it. There are numerous instances of business organizations and personal finances crumbling to eventually end up in financial ruins. According to Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/, people are unaware of of the various misconceptions existing about bankruptcy. If you are undergoing extreme financial stress should consult bankruptcy lawyers at 888-297-6023 to clear your doubts regarding misconceptions associated with [...]

2023-03-13T09:41:28+00:00
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Recovering from Bankruptcy is Easy If You Follow These Steps

Filing for bankruptcy is quite emotionally draining. You might feel that you have let yourself and your loved ones down. However, it is important to net let this temporary setback ruin the rest of your life. Nothing is permanent, even the ill effects of bankruptcy. it is important that you take note of what led to your financial downfall. Having a bankruptcy attorney can, not just help you recover from bankruptcy but can also be your guiding light towards a fresh start, suggest lawyers of Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/. If you wish to make a [...]

2023-03-14T09:48:29+00:00
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Are You Prepared for Meeting of Creditors During Bankruptcy?

Filing for bankruptcy is followed by a creditors’ meeting also known as 341 meetings. This meeting generally takes place within 30 days of bankruptcy paper filing. The meeting is attended by the bankruptcy filer, their attorney, the bankruptcy trustee and the creditor(s). According to Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/, during the meeting, the filer is questioned by the bankruptcy trustee about the information provided along with the bankruptcy papers. This includes queries regarding the income, assets, and expenses of the debtor, debts, and creditors listed and other relevant questions including details of any previously filed bankruptcy. [...]

2023-03-14T09:51:29+00:00
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Questions to Ask a Bankruptcy Attorney Before Filing

Bankruptcy can be trying times for people struggling to make ends meet. Though you can file for bankruptcy on your own, Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/ suggest that you hire a bankruptcy attorney to help you with your case. Despite a lot of information regarding bankruptcy is available online, it is important that you ask the following questions with any potential attorney you wish to hire for handling your bankruptcy case. Which chapter of bankruptcy would work best for you? Individuals can file for bankruptcy under Chapter 7 or Chapter 13. To qualify for Chapter 7, [...]

2023-06-15T07:29:27+00:00
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Clause For Refinancing a Loan Agreement That Was Discharged in Bankruptcy

When a person applies for bankruptcy under chapter 7, in Los Angeles, most debts are cleared. The debtor is no longer obliged to the creditors. However, a debtor can keep a loan agreement if he/she wills to save that particular property. Usually, all the property and valuables are sold to clear the debt under chapter 7. If the debtor wants to retain any property, be it their house or car; they can continue to follow the loan agreement towards that house to the creditor. For more advice do log in to Recovery Law Group. Reaffirmation The process of [...]

2019-08-07T13:10:38+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.