bankruptcy

Call: 888-297-6203 According to Los Angeles based bankruptcy law firm Recovery Law Group, apart from unmanageable debt, creditor harassment is the other reason why people file for bankruptcy. Irrespective of the bankruptcy chapter, when you file for bankruptcy, an automatic stay is put in place. Thanks to it, creditors cannot pursue any collection actions like wage garnishment, foreclosure or repossession. However, they might not stop harassing you as soon as you file bankruptcy papers. This is so because they might not be notified of your bankruptcy, as Notice of Bankruptcy which is prepared by the Bankruptcy Court requires [...]

Call: 888-297-6203 People might shift to different states due to work reasons. This is generally not a matter of concern unless they have to file for bankruptcy. Since bankruptcy laws and exemptions vary from state to state, it is difficult to keep track of them. Hiring an attorney might be the best decision in this case. you can call 888-297-6023 to know your options from experienced bankruptcy lawyers. As per Los Angeles based bankruptcy law firm Recovery Law Group if you have been residing in the state for 180 days or more before filing for bankruptcy, then you [...]

Call: 888-297-6203 Many times, people who are facing foreclosure or repossession issues opt for bankruptcy. Their major concern at that time is to protect their assets and get rid of collection actions by creditors. Most of the time says Los Angeles based bankruptcy law firm Recovery Law Group, people do not worry about the ramifications of bankruptcy on their job or future employment options. Though bankruptcy doesn’t affect your current job, it can alter your chances of finding a new job. Filing for chapter 7 bankruptcy won’t inform your employer unless there was a wage garnishment order against [...]

Call: 888-297-6203 Bankruptcy is a decision that people generally do not take lightly. This is something that is approached when you have exhausted every other option for debt settlement. Everything said and done, bankruptcy is indeed extremely stressful, and it is better to be aware of everything related to bankruptcy to ease some of the pressure associated with bankruptcy. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group help you determine whether bankruptcy is something you should consider by listing some important points like: Assess your financial situation calmly before filing for bankruptcy, unless you are [...]

Call: 888-297-6203 Bankruptcy is not something you are looking forward to, however, sometimes circumstances are unfortunate, and bankruptcy is the last resort to get rid of your huge burden of debts. One of the biggest concerns people have according to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group is that people don’t know when should they file for bankruptcy. An experienced lawyer can help you determine whether it is time to file for bankruptcy or you could opt for any other debt resolving the solution. To consult experienced bankruptcy attorneys, you can call 888-297-6023. Here [...]

Call: 888-297-6203 If a homeowner has passed due HOA fees and must file for bankruptcy under chapter 7 or chapter 13, then consulting bankruptcy lawyers is important. You need to be aware of the HOA fees which will be due after the bankruptcy filing and what your responsibilities are regarding the same before and after the bankruptcy filing. This can help you determine whether you should opt for bankruptcy or not. As per lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, when an individual is behind HOA fees, they have the option of either surrendering [...]

Many times, business owners end up filing for personal bankruptcy when their LLC or corporations fail. This is a shock as the creation of LLC was primarily done to avoid having any personal liability to business debts. Los Angeles based bankruptcy law firm Recovery Law Group states that many options are available for people with personal business debt. You can choose your bankruptcy option depending on whether your business is LLC, corporation or sole proprietorship; what’s your personal liability for business debts and what are your future expectations regarding your business. If you have a corporation that has [...]

Filing for bankruptcy is an excellent way to not just get rid of your debts but also to stop collection actions by creditors. Wage garnishment is something that people fear the most. One of the major concerns people have while filing for bankruptcy according to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group is whether bankruptcy will stop future wage garnishments or not and if it can also help you get back wages which were garnished earlier. If the wages are not being garnished as a result of unpaid student loans or child care payments, [...]

Call: 888-297-6203 The Fair Credit Report Act (FCRA) controls what the creditors report to credit bureaus. They are required to report the information accurately. After getting your bankruptcy discharge, the creditors should report the discharged debts as discharged during bankruptcy and have zero balance. Dallas based bankruptcy law firm Recovery Law Group says that the best way to check that your creditors have reported the information accurately is to check your credit report after 30-60 days of receiving a discharge. You need to check all three credit bureau reports for any discrepancy in accounts included in bankruptcy and [...]

Filing for bankruptcy should be taken seriously, and should not be undertaken unless it’s the only option. It is a complex process, thus, it is advisable to hire a competent and extensively experienced bankruptcy lawyer, who can successfully help you to avoid bankruptcy. A lawyer will help in negotiation with the creditors and also in creating a more feasible repayment plan. He can also help you in learning about your consumer rights and can let you know about any statutes of limitation that might be applicable to your debts. Student Loan Debt In bankruptcy, obtaining relief from student [...]