bankruptcy lawyers

Chapter 11 vs Chapter 13

Call: 888-297-6203 Chapter 11 and Chapter 13 are two very similar bankruptcy chapters. The major difference between the two chapters is that Chapter 13 is exclusively for individuals while Chapter 11 is open for businesses as well as individuals. Also, there is a ceiling for unsecured and secured debt in Chapter 13 which is absent in Chapter 11. Chapter 11 can also be regarded as an expedited Chapter 13 in many situations as the process of bankruptcy under Chapter 11 is usually very swift. The reason for this higher fees, private bankruptcy trustee, faster processing, etc. Chapter 11 [...]

2023-06-26T07:16:26+00:00
Read More

Bankruptcy: A To Z Explained

Call: 888-297-6203 Bankruptcy can be summarized broadly across a few questions. These questions are listed below to enhance our knowledge about bankruptcy and determine some key aspects of the same. More details on bankruptcy and a bankruptcy attorney in full can be obtained on the website https://recoverylawgroup.com/bankruptcy/. The list of questions can be as follows- How do you file? Just like some of the government or legal procedures, a list of documents along with a form needs to be submitted to the bankruptcy court while filing for bankruptcy. It is very important to make sure that the documents [...]

2023-03-22T09:11:07+00:00
Read More

Impact Of Bankruptcy On Credit Score

Call: 888-297-6203 Bankruptcy can have several impacts some good some not so great. The good can be relief from the pestering lenders for recouping their investment, some discharge, some new starts on a clean slate, and what not. However, the biggest drawback in bankruptcy is with respect to the credit score. A credit score is hurt significantly during bankruptcy. The impact can depend on chapter 7 or chapter 13 and the net discharged amount. The higher the amount discharged, the bigger damage it leads to the credit score. To know more about the flaws and advantages of bankruptcy [...]

2023-03-30T11:58:56+00:00
Read More

What Happens To Alimony And Child Support Debts During Bankruptcy?

Call: 888-297-6203 Discharge of debts is one of the most lucrative aspects of bankruptcy. Many businesses as well as individuals consider bankruptcy to discharge their debts. However, for most people discharge of debts is a significant relief in times of extreme distress. If you have debts or liabilities with respect to alimony or child support, you might be disappointed to learn that such debts cannot be discharged during bankruptcy. However, the other dischargeable debts once qualified can be discharged making way for easier repayments of alimony and child support. To know more about non-dischargeable debts, log on to [...]

2023-03-30T12:01:27+00:00
Read More

What Is A Bankruptcy Court?

Call: 888-297-6203 A bankruptcy court is a federal court structure like any other court form that deals with bankruptcies. A bankruptcy court usually has very nominal or less filing fees and consists of attorneys that may represent the bankruptcy filer. The court facilitates individuals as well as businesses. It is not mandatory to hire an attorney especially when the debt amount is low, however, hiring an attorney helps in streamlining the process and ensuring there are no technical errors in filing procedures. Learn about bankruptcy and its intricacies at https://recoverylawgroup.com/bankruptcy/. Characteristics of a bankruptcy court A bankruptcy court [...]

2023-01-19T05:28:42+00:00
Read More

What Happens To The Personal Injury Lawsuit Award During Bankruptcy?

Call: 888-297-6203 One of the most common reasons to be filing bankruptcy is the medical costs. This could have occurred due to someone’s negligence and there may be a personal injury lawsuit in progress to avail in a reasonable claim for the damage caused. Whether or not the award is used to suffice the lender’s debt, depends on two factors. One is the amount of exemption available to the bankruptcy filer while filing chapter 7 and the other is the type of personal injury lawsuit award. The rules for availing exemption for the award may be complex and [...]

2023-03-30T12:03:45+00:00
Read More

Chapter 7 Bankruptcy: What Is The Tradeoff?

Call: 888-297-6203 Bankruptcy is a great tool to allow for a new beginning after a disastrous financial situation. Chapter 7 looks like a tempting prospect for many bankruptcy filers especially if they are eligible for chapter 7 and have a good number of dischargeable debts. However, it is not all merry with chapter 7 bankruptcy as well. The first aspect of it is to qualify for the means test. If one does qualify for the means test, that means he/she has irregular income and is very poor, and cannot equal the state median income. The second aspect of [...]

2023-03-31T06:11:09+00:00
Read More

How To Clean Your Financial Slate And Start Over?

Call: 888-297-6203 A few of us often get into different uncomfortable situations and just hope we could start over again with a clean slate. It is not possible in all situations however, if your finances are messed up and you are not able to pay back your bills and lenders, there is a way to reboot fresh. The solution to the financial mess is bankruptcy. It is the last resort to avail relief during the stressful financial condition. If you are too traumatized by debts, you are not able to clear your payments on time, you do not [...]

2023-03-31T06:12:13+00:00
Read More

Planning For Bankruptcy Before Or After Divorce

Call: 888-297-6203 Los Angles & Dallas, TX bankruptcy filers often file for bankruptcy to evade child support and alimony immediately after the divorce. However, it is important to note that child support and alimony fall under non-negotiable debts and should continue even after declaring bankruptcy. Many filers also want to seek to stay on the property divisions that were settled as per the divorce decree to prevent losing their assets. However, it is important to note that declaring bankruptcy will usually not overturn any domestic court decisions regarding the division of property, alimony, and child support. What are [...]

2023-03-31T06:14:17+00:00
Read More

Detailed Steps To Filing Bankruptcy

Call: 888-297-6203 Filing for bankruptcy can involve many steps. The first and most critical decision one must make is whether bankruptcy is required to be filed or not. The second decision is to determine the chapter in which the bankruptcy will be filed. It can be chapter 7 or chapter 13. This link https://recoverylawgroup.com/bankruptcy/ can help you determine whether bankruptcy is essential for you or not. If yes, you can also find guidance in picking the right chapter whether 7 or 13. The detailed steps to filing bankruptcy can be listed as follows- Petition A voluntary petition is [...]

2023-03-31T06:18:49+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.