bankruptcy

Steps To Get Lien Off A Title After Bankruptcy

Call: 888-297-6203 According to bankruptcy lawyers of Dallas based law firm (https://www.recoverylawgroup.com/bankruptcy/), you can either get your debts reaffirmed i.e. continue paying for them or get them discharged. Sometimes, lenders might contact the court prior to a bankruptcy filing and have a judgment against you. Sometimes, this might result in a lien against your property. When this happens, the property cannot be sold or transferred utill the lien is removed. Sometimes, even after getting the debts discharged through bankruptcy, you might still have a lien on the property. If this happens, you need to follow these steps to [...]

2022-06-15T03:55:35+00:00

Federal Tax Liabilities And Bankruptcy

Call: 888-297-6203 Federal income tax dues are non-dischargeable debts and getting relief from them can be extremely difficult. IRS can sue the debtor for an asset lien to recover dues, interest, and penalties. To stop the collection of dues from lenders like IRS, filing for bankruptcy can put their collection attempts to a temporary stop until the bankruptcy court arrives at a certain judgment. This relief sometimes can prove very important in financially draining situations. Know more about bankruptcy and its impacts on https://www.recoverylawgroup.com/bankruptcy/.  Federal tax dues and penalties or interest are taken very lightly unless it is [...]

2022-05-31T06:15:03+00:00

Foreclosure And Bankruptcy

Call: 888-297-6203 Bankruptcy is an essential weapon against foreclosure and collection attempts. Once the bankruptcy is filed, it provides for an instant relief against any foreclosure attempts or any threatening or collection activities from the lender. A lot of people lose their homes to foreclosures fearing the impact of bankruptcy. As many as 1,500 homes are foreclosed on a consistent basis every month in many states. Bankruptcy can prevent this but some fear and misconception about its long-lasting impact have led to so many home foreclosures on a consistent basis. Learn more stats relating to bankruptcy and its [...]

2022-05-31T05:44:44+00:00

Impact Of Chapter 7 Bankruptcy On Your Tax Return

Call: 888-297-6203 Chapter 7 bankruptcy can have a significant impact on your personal income tax return. Before filing bankruptcy, it is important to note the status of your federal income tax return, whether you owe taxes or you are expecting a refund or any other financial aspect associated with your federal income tax return. If you are filing for bankruptcy, it is essential to disclose all the tax return-related information in the respective schedules and statements appropriately to minimize any errors. Things to keep in mind while filing for Chapter 7 bankruptcy Firstly, the bankruptcy filer must be [...]

2022-05-31T05:30:11+00:00

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 [...]

2022-05-30T06:32:08+00:00

Can A Student Loan Be Discharged During Bankruptcy?

Call: 888-297-6203 With the uncertainty in the job market, it is very difficult for freshers to avail jobs, and close their student loans. Many universities that have promised a placement, are not able to fulfill their promise fully leaving a lot of students scampering for a job in helplessness. However, it is unfortunate that declaring bankruptcy also cannot discharge student loans under most circumstances. The bankruptcy laws had some provisions earlier that allowed for a student loan discharge that was availed from Fed sources. These are nothing but some qualified loans granted by Fed at lower interest rates [...]

2022-05-30T06:16:19+00:00

How Can Credit Counseling Help?

Call: 888-297-6203 Credit counseling services are one of the very beneficial services that are often ignored and thought of as something of little value. However, it is important to note that sometimes it isn’t the circumstances or situations, but it is poor money management habits that need some supervision. If a pandemic or health misery or a sudden expense pops from nowhere, most of us will be in a tough situation. However, some situations tend to get worse due to irresponsible decision-making, uncontrolled spending, or incorrect/no saving habits. What services are included in credit counseling? You can avail [...]

2022-05-18T07:06:20+00:00

Secured Debt Vs Unsecured Debt

Call: 888-297-6203 Secured debt is a debt form that is usually backed by an asset or collateral. These debts are usually of larger amounts and since they have a lien attached to them, they become important during the bankruptcy claims. A secure debt can broadly be classified into two types. Real property secured debt and personal property secured debt. Any debt that is secured by house, land, or any other real property by nature falls under the real property secured debt, and any debt that is secured under personal property like a car, motorbike, electrical appliance, etc., come [...]

2022-05-23T06:42:45+00:00

Chapter 7 Or Chapter 13, Which Is Best For You?

Call: 888-297-6203 Bankruptcy might be an ultimate resort for many. However, it is equally important to make the right choice while applying for bankruptcy. Bankruptcy might seem the dead-end, but it ends up offering some choices. The choices could be critical in determining the fate of your assets, future, scars prevailing due to bankruptcy, and various other factors. Below we discuss some key aspects to consider before making a Chapter 7 or Chapter 13 option. It wouldn’t however be a bad idea to hire a good attorney to guide you through the process via https://www.recoverylawgroup.com/bankruptcy/ to ensure no [...]

2022-05-17T07:17:12+00:00

Basics Of Chapter 7 Bankruptcy

Call: 888-297-6203 Bankruptcy filers often are confused regarding which bankruptcy chapter is the best. While chapter 7 offers to get rid of all possible debts without paying for anything, other options are available. Businesses (sole proprietorship, corporations, or partnerships) who wish to stay operational and avoid liquidation can file under bankruptcy Chapter 11. Sole proprietors also have the option of filing under chapter 13 bankruptcy. Chapter 13 bankruptcy allows individuals and sole proprietors to protect their property from foreclosure by catching up on past due payments through the repayment plan. You can also keep any non-exempt property if [...]

2022-05-16T06:26:42+00:00
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