bankruptcy

Shattering Common Myths about Bankruptcy

Money lending is an immensely monetary satisfying business. One of the major reasons why credit card companies and other private lenders thrive is because of the fact that people once used to live beyond their means are a golden goose. They ensure that you are always in debt so that they can make money off you. The biggest way to do this by making bankruptcy, which incidentally, is the best legal resort to get your debts waived off, as one the worst thing to happen to you. To dispel false ideas about bankruptcy, Sacramento based law firm Recovery [...]

2025-08-08T05:15:57+00:00
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Bankruptcy Basis – How To Get Discharge in Bankruptcy?

Bankruptcy discharge varies on the type of bankruptcy chapter the case is filed under by the debtor. Bankruptcy discharge relinquishes a debtor from any personal liability for some specified types of debts i.e. a debtor is no longer legally bound to pay any debts that are discharged by the court. Since the discharge is permanent, creditors are prohibited from taking any action (legal action or communication with the debtor, letter, phone call, personal contact, etc.) for the collection of discharged debts. Though the debtor is not to be held personally liable for any discharged debts, a valid lien [...]

2023-01-12T08:34:44+00:00
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How to Prevent Bank Levies

In case you have incurred huge debts and are in no financial condition to pay them off, the best resource available to you is to file for bankruptcy. To do the same you can either use one of the bankruptcy lawyers to file bankruptcy for you or you can do it yourself. However, as Sacramento based law firm Recovery Law Group explains, many times debtors filing for bankruptcy without any help from lawyers, end up into financial troubles like post-bankruptcy filing bank levies. […]

2025-08-08T05:03:25+00:00
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If You Thought Success after Bankruptcy is Not Possible, You Are in For a Surprise!

There are many misconceptions associated with bankruptcy. The most popular one being that successful people or business houses do not file for bankruptcy. Another myth is that once you have filed for bankruptcy, getting out from the ruins and making a name for yourself is impossible. Well, nothing could be farther from the truth. Los Angeles based law firm Recovery Law Group would help break the myths associated with bankruptcy and success. Bankruptcy as a process is designed to help people out of the financial mess and help them start a fresh life. There have been many instances [...]

2025-08-11T07:19:34+00:00
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Bankruptcy – Get a Fresh Start

People often end up spending more than they earn making them unable to pay their dues. One of the best ways to protect yourself, according to Los Angeles based law firm Recovery Law Group is to file for bankruptcy. This offers a fresh start to people who are unable to pay their dues. They can liquidate their assets to clear their dues or form a repayment plan. Bankruptcy laws can be used to help protect financially unstable businesses too. […]

2025-08-21T08:16:58+00:00
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How to Avoid Falling Back and Accumulating Loans After Your Bankruptcy Proceedings?

The decision to file for bankruptcy is a tough one. However, clearing up the financial mess is not easy for many unless they choose to file for bankruptcy. Once you have repaid your dues as per court-mandated programme, you get a clean financial slate, meaning, you can easily start over. It will be surprising to know that soon after their bankruptcy is discharged, many debtors start receiving calls from credit card companies, mortgage finance companies or car loan lenders, offering them a variety of credit offers. It will be surprising to know that many of these creditors are [...]

2025-08-06T07:59:58+00:00
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How Can Automatic Stay Help People Filing For Bankruptcy?

Bankruptcy is a daunting word, especially for those who are facing acute financial problems. Filing for bankruptcy does not come easy for people. However, it is surprising that many people are unaware of the fact that a number of options are available for people that can help you during this process. The automatic stay is one of the biggest arsenals in the kitty for people who file for bankruptcy. However, not much is known about this tool. The automatic stay is a part of all bankruptcy cases and helps stop all creditors and debt collection agencies from taking [...]

2025-08-08T05:12:07+00:00
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Bankruptcy Basics for Federal Bankruptcy Laws

Federal bankruptcy laws and the bankruptcy process in entirety is one of the ways to offer a new lease of life to people who have been struggling to make ends meet and clear their dues. This kind of a situation can come in anyone’s life due to some miscalculated risks and financial decisions. However, it is not the end of the world as bankruptcy laws offer a chance for people to redeem themselves. Basics of bankruptcy include: […]

2025-08-08T05:18:17+00:00
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All You Wanted to Know About Bankruptcy Basis Process

The Bankruptcy Code is a uniform federal law which is used to govern all bankruptcy-related cases. According to U.S. Constitution Article I, Section 8, Congress is authorized to enact “uniform Laws on the subject of Bankruptcies”. The “Bankruptcy Code” (title 11 of United States Code) was thus enacted by the Congress in 1978 and has undergone several amendments since then. The bankruptcy process proceedings are governed by the Bankruptcy Rules (Federal Rules of Bankruptcy Procedure) and local rules of each bankruptcy court. As per bankruptcy rules, a certain set of official forms are to be used in bankruptcy [...]

2025-09-05T13:20:11+00:00
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Federal Bankruptcy Exemptions Details

It is not necessary that you lose all your property when you file for bankruptcy. While filing for bankruptcy, it is therefore important that you are aware of the exemptions allowed by the state as well as federal government under various chapters. This is important to salvage as much of your assets as you can. You should know the details to choose the best exemption to save your property. Some states offer you a choice between state and federal bankruptcy exemption, however Sacramento requires you to choose the state exemption only. In case you reside in any other [...]

2019-05-06T09:29:51+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.