bankruptcy

Call: 888-297-6203 One of the most common question people ask bankruptcy lawyers is what happens if you marry someone who has filed for bankruptcy. Many prospective clients have asked Los Angeles based bankruptcy law firm Recovery Law Group lawyers, whether their spouse’s bankruptcy can affect their credit score or their ability to borrow money. Generally, a bankruptcy filed by your fiancé in the past is not going to affect your credit score (either current or future). Your credit history is not affected by your marriage, in fact, marriage often leads to an increase in the joint credit of [...]

Call: 888-297-6203 Filing for bankruptcy requires you to list all your assets and liabilities on your bankruptcy schedule. This is used to determine which of your assets can be exempted and can be kept by you during bankruptcy proceedings and which will be liquidated by the bankruptcy trustee to pay your creditors. To keep any property, you need to specify it in your bankruptcy schedule by providing the exemption provision you are using to protect it, say Los Angeles based bankruptcy law firm Recovery Law Group lawyers. Many times, people are either unaware or forget what an asset [...]

Call: 888-297-6203 If you are struggling with debts and are unable to pay off your creditors, bankruptcy might be a great way out. However, you might need to gather information about the same, since people are generally unaware about it. You will be surprised, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group to find that federal government informs you of necessary bankruptcy related information on its official website USCourts.gov. however, it is always important to hire experienced bankruptcy lawyers if you wish to get rid of your debts through bankruptcy. Though all information related [...]

Call: 888-297-6203 Once you have decided to get rid of your debts through bankruptcy, you need to consult with your lawyer regarding whether chapter 7 or chapter 13 would be your best way to get rid of debts. Once you are through with a bankruptcy, it is important that you develop a strategy to avoid financial strain like this. Dallas based bankruptcy law firm Recovery Law Group provides you with a few simple steps that could make a huge difference after bankruptcy. 1. maintain records Despite them reminding you of bad financial times, you need to keep your [...]

Call: 888-297-6203 If you are in financial stress, constantly being threatened by creditors and cannot deal with the piling bills, then bankruptcy might be the best option to get rid of your debts, say Los Angeles based bankruptcy law firm Recovery Law Group lawyers. Bankruptcy offers a great way to start your life afresh. One of the most common questions that bankruptcy lawyers face is whether filing for bankruptcy will cause people to lose their personal property? When you file for bankruptcy under Chapter 7, you can protect several assets. Bankruptcy laws exempt personal property to a specified [...]