Dallas based bankruptcy law firm

Can Bankruptcy be the Solution for Identity Theft Related Debts?

Call: 888-297-6203 Identity theft is a common issue across the country. People often face numerous issues because some obscure person managed to steal their identity. One of the worst problems is the amount of debt which identity thieves accumulate, which unfortunately gets reflected on your credit report. This can have grave consequences according to lawyers of Dallas based bankruptcy law firm Recovery Law Group. You might have to bear the brunt of aggressive debt collectors despite your repeated attempts to assure them of your innocence. How to deal with identity theft? Whenever you become aware of any identity [...]


Best Ways to Cope with Bankruptcy

Call: 888-297-6203 Bankruptcy is a roller coaster ride. On one hand, you get rid of debts, which makes you feel happy and in control of your life; while on the other hand, your credit report gets the stamp of bankruptcy which remains for 7-10 years rendering getting loan extremely difficult. This can be a testing time, say experienced lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. You can experience a variety of contradicting emotions when you choose to get rid of your debts through bankruptcy. Here’s how you can cope with them: Discuss the issue [...]


Want to File for Bankruptcy as a Couple? Here’s What You Should Do

Call: 888-297-6203 When facing a bad financial situation, it is often important to not let your emotions get the best of you. In case you are considering bankruptcy as the way out of your financial problems, lawyers of Dallas based bankruptcy law firm Recovery Law Group, suggest that you should weigh-in the pros and cons of both, filing a joint bankruptcy petition as well as filing separate petitions for bankruptcy. Expert bankruptcy lawyers can help you come to the best decision. In case you need a consultation with experienced legal minds, you can call 888-297-6023. If you decide [...]


Bankruptcy History in the U.S

Call: 888-297-6203 In the early 20th century, bankruptcy was a rare phenomenon, with just 0.15% in 1000 people choosing it to get rid of debt. However, over the past 100 years, people seeking financial protection through bankruptcy have increased dramatically. Over a period, through the 60s and 80s, an increase was observed in bankruptcy filings in the U.S. However, as per statistics available, between 1980-2000 an increase was seen with up to 7.6% per 1000 per year. Contrary to this, a decrease in this percentage was observed post-2004 with 5.3% per 1000 individuals. However, Dallas based bankruptcy law [...]


You Can Also Avoid Bankruptcy

Call: 888-297-6203 Nobody likes to admit that they have got their finances messed up. Bankruptcy is advertising about this fact from the rooftop! Frankly, if possible, nobody would like to file for bankruptcy, however, there is no denying that bankruptcy is probably the best way to get rid of the huge burden of debt you have been carrying for a long time. Even some of the best people have ended up filing for bankruptcy when there was no way out for them. According to Dallas based bankruptcy law firm Recovery Law Group lawyers, sometimes, people can get out of [...]


Declared Bankruptcy but Mortgage Loan not Reported? Here’s What You Can Do

Call: 888-297-6203 Buying a house is a big commitment, especially if you have just come out of bankruptcy. Your credit score is negatively affected when you declare bankruptcy that can make it difficult to get any new credit, especially one like a mortgage. Most people who opt for Chapter 13 bankruptcy get a chance to catch up on their past due payments through the repayment plan. Other options regarding mortgage are to reaffirm the debt in order to retain your house. Once you reaffirm the debt after filing for bankruptcy, the debt is not mentioned in your credit [...]


What is Bankruptcy?

Call: 888-297-6203 It is not uncommon to find people struggling with finances. You will find several People struggling with debt every year in the U.S. Bankruptcy has emerged as a popular way to get rid of a huge amount of debts. Consumers can file for bankruptcy under Chapter 7 or Chapter 13 and these are reflected in the consumer’s credit report. According to Dallas based bankruptcy law firm Recovery Law Group in Chapter 13, you end up repaying a portion of your debt as per a court-approved repayment plan over a course of 3-5 years. Due to this, [...]


What is the Difference Between Default and Bankruptcy?

Default means not being able to fulfill an obligation, especially the monetary kind. When a person defaults on a credit account, it means they have been unable to repay as per their agreement. According to Dallas based bankruptcy law firm Recovery Law Group defaulting on a payment is usually the first step towards bankruptcy. This is so because unfortunately, defaulting adds up the interest as well as penalty on the already existing amount. Generally, people have a minimum of 2-3 credit cards. Simultaneous use of them results in a huge amount which needs to be paid every month to [...]


Everything You Needed to Know About Bankruptcy and Divorce

There is no denying the fact that both bankruptcy and divorce are an emotionally disturbing sequence of events which can cause drastic changes in your life. If anything can be worse than these two, say Dallas based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/, is having to undergo both at the same time. Since both the issues are equally important, you will be needing the assistance of expert attorneys if you wish to file for both simultaneously. Though it is manageable, however, it is often suggested to avoid filing for both together. If you have any doubt regarding which should precede, [...]