chapter 7 bankruptcy Dallas

Federal and State Bankruptcy Exemptions

Call: 888-297-6203 When you file for bankruptcy to get rid of your debts, there are certain assets that you can protect. This takes place due to the exemptions provided in bankruptcy to debtors. Both federal and state government offer different exemptions for individuals filing for bankruptcy. Despite the process of bankruptcy being governed by federal laws, lawyers of Dallas based bankruptcy law firm Recovery Law Group state that you can choose between the federal and state exemptions. Certain exceptions are common in both federal and state exemptions; however, their amount varies from state to state. These include: Homestead [...]

2021-12-07T04:32:54+00:00
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Getting Out of Debt is Easy

Call: 888-297-6203 Unless you take control of your finances when they first start spiraling out of hand, you will find it very difficult to manage them later. Despite your best efforts, bankruptcy might be the only way you might be able to get rid of your debts. However, filing for bankruptcy is a decision that can be quite emotional as well as confusing. Since most of the legal jargon goes above your head, Dallas based bankruptcy law firm Recovery Law Group says that hiring a lawyer is the best way to deal with bankruptcy. If you have not [...]

2019-09-20T13:15:04+00:00
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How to Improve Your Credit After Bankruptcy Filing?

Call: 888-297-6203 Though bankruptcy is dreaded, it might be the best thing to happen to you. Many times, people need a reality check to get hold of their finances. Bankruptcy wakes them up like anything and makes them more responsible financially. Though it affects your credit history and can tank your credit scores, bankruptcy stays on your credit report for a maximum duration of ten years. Credit building efforts can start from the day you get your bankruptcy discharge which is 3-6 months from the filing date in case of Chapter 7 bankruptcy and 3-5 years in case [...]

2025-08-11T10:10:21+00:00
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Is Chapter 7 Bankruptcy Your Best Bet to Get Rid of Debts?

Call: 888-297-6203 Money comes, money goes. The saying best describes the monetary situation of most people. There is no dearth of individuals who are struggling to make ends meet. You will hardly find someone who has not faced money problems in their life. If you are currently going through a bad financial phase and have accumulated a large amount of debt, then, bankruptcy might be a way out. However, there are various chapters of bankruptcy and it might be a bit too much for a layman to understand which chapter will work best for them. According to Dallas [...]

2025-08-11T10:09:34+00:00
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Why Do People File for Chapter 7 Bankruptcy?

Call: 888-297-6203 Owing someone something is one of the worst things. Nobody likes to be reminded of this fact. Being in debt is all this and more since the creditors are always at your door asking for their dues. For people who have amassed a large debt, a bankruptcy filing is probably the best way out. Individual debtors have the option of filing under Chapter 7 or Chapter 13 bankruptcy; however, Chapter 7 is probably the preferred choice for almost all debtors. According to Dallas based bankruptcy law firm Recovery Law Group, the top reasons why people choose [...]

2025-08-21T10:13:33+00:00
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Can Public Bankruptcy Records Lead to Denying of Credit?

Call: 888-297-6203 Many times, people who have just got their bankruptcy discharged face the problem of rejection from creditors, even for small loans. This can be quite frustrating for people who wish to start their life afresh. One of the major reasons for credit being rejected is the mention of bankruptcy on credit history. Since bankruptcy is public record and stays on the credit report for seven years in case of Chapter 13 bankruptcy and ten years in case of Chapter 7 bankruptcy, people fresh out of bankruptcy can be in for a long duration of living without [...]

2025-08-11T10:08:04+00:00
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Can Bankruptcy Be Removed from Your Credit Report?

Call: 888-297-6203 People having trouble in managing finances often resort to bankruptcy. It is the last solution to deal with excessive debt which is quite difficult to pay back. Despite getting rid of a huge amount of debt, bankruptcy can have a negative effect on your credit rating. People find it difficult to get a loan, credit card, and even job once they have filed for bankruptcy. According to Dallas based bankruptcy law firm Recovery Law Group lawyers, bankruptcy remains on your credit report for a period of seven to ten years (from the date of filing) depending [...]

2025-08-21T10:04:49+00:00
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Everything You Wanted to About Bankruptcy

Call: 888-297-6203 When a person has lost all hope of recovering from financial distress, then the last option left for them is filing for bankruptcy. Though it is an excellent way of getting rid of debts and wiping your slate clean, it has adverse effects too. You might end up losing some of your possessions. Getting credit might be difficult for you for almost as long as the bankruptcy is mentioned on your credit report. According to Los Angeles based bankruptcy law firm Recovery Law Group lawyers, bankruptcy is a way out for people struggling to make their ends [...]

2025-08-06T06:15:04+00:00
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What Effect Does Bankruptcy Have on Your Credit?

A bankruptcy filing is a tough decision and can often be quite intimidating. Many people fear the worst; ruining their credit history. However, say Dallas based bankruptcy law firm Recovery Law Group, the process is hyped to be more daunting than it is. However, having a bankruptcy lawyers by your side can ease things for you. Contact at 888-297-6023 to clear your doubts about how to improve your credit chances after bankruptcy. It is important for people to understand that the ill effect of bankruptcy does not last forever. Many people who file for bankruptcy already have a [...]

2025-08-11T10:43:23+00:00
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You Might Have to Face These Questions from Bankruptcy Trustee

Filing for bankruptcy results in a lot of paperwork. You need to ensure your income; assets and your debts are in order. Filing for bankruptcy results in a creditors meeting (also known as 341 hearing) where you are required to provide confirmation for any information you have given.  The meeting is attended by you and your attorney, your bankruptcy trustee and even your creditors. According to Dallas based bankruptcy law firm Recovery Law Group, the bankruptcy trustee can ask you questions to find out details of your bankruptcy estate. The entire proceeding takes place under oath, so you [...]

2025-08-21T10:36:09+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.