experienced bankruptcy lawyers

Bankruptcy – The Public Record Which Appears on Your Credit Report

Call: 888-297-6203 Earlier three types of public records were reported on the credit report of any individual, however, now just one – bankruptcy is reported in the credit history. Bankruptcy is generally the last resort for people who have tried in vain to get rid of their debts. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, elaborate that different bankruptcy chapters can have different repercussions on your credit history. In Chapter 7, the filer does not pay any debts; any non-exempt property they have is sold off to pay their creditors. This type of bankruptcy [...]

2019-09-09T11:44:52+00:00
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When is The Credit Score Updated After Bankruptcy?

Call: 888-297-6203 Nothing is permanent in life. Not even the ill-effects of bankruptcy. Though it becomes public record and negatively affects the credit score of an individual, bankruptcy is removed after seven to ten years from the credit report of the filer. However, it takes time to change your credit score. Many people are worried if their credit score does not show any improvement even after bankruptcy is removed. According to the Los Angeles based bankruptcy law firm Recovery Law Group, there are different ways of calculating credit scores. Different lenders have different strategies to check risk management [...]

2019-09-09T11:10:42+00:00
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Can Mortgage Amount Remain Despite Bankruptcy?

Call: 888-297-6203 Bankruptcy is complex and requires a lot of time to understand. Having an experienced lawyer like those of Los Angeles based bankruptcy law firm Recovery Law Group can be a huge asset. Managing various loans, filing papers and reaffirming certain debts can be quite confusing for the layman. Though, bankruptcy is considered to give you a way out from a huge amount of debts; yet sometimes certain debts might remain even after completion of your bankruptcy chapter. In the case of Chapter 13, individuals pay some portion of their debts through the repayment plan. These may [...]

2019-09-05T12:25:18+00:00
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Is It Possible to Get a Credit Card After Declaring Bankruptcy?

Call: 888-297-6203 Bankruptcy can tank your credit score. This fact is probably one of the most common reasons why people fear filing for bankruptcy. However, it will be surprising to know that rebuilding your credit score requires credit cards! According to Los Angeles based bankruptcy law firm Recovery Law Group , people fresh out of bankruptcy will find it a bit difficult to get the kind of credit cards they want. This is because bankruptcy alerts lenders of the inability of the individual to repay. Any credit card you get post-bankruptcy will charge you a higher rate of [...]

2019-09-03T11:36:59+00:00
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How to Get Creditors Names Removed from Credit Report After Bankruptcy?

Most people who have gone through bankruptcy are worried about the after-effects of the same. They would love to put this chapter behind them as soon as possible. One of the major concerns people who have filed for bankruptcy is getting the creditors names removed from the debtor’s credit report after completion of the Chapter 13 bankruptcy plan. However, according to Dallas based bankruptcy law firm Recovery Law Group lawyers, this is not possible. Experienced bankruptcy lawyers elaborate that neither filing for bankruptcy nor completion of bankruptcy plan will remove the accounts included in bankruptcy to be removed [...]

2019-08-29T13:11:09+00:00
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Get Your Credit Report Updated to Show Bankruptcy Discharge

Since bankruptcy filing is public information, people can have access to it. This is a major point of concern for bankruptcy filers as it hampers their chance of getting a loan or even a decent job. Though the information is entered in your credit report, any discharge granted for the bankruptcy should also be mentioned on the credit report. Many times as per the Los Angeles based bankruptcy law firm Recovery Law Group lawyers, the information is not updated on credit reports. This is a cause of worry for people who wish to start their life afresh but [...]

2019-08-29T13:10:46+00:00
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Ignoring These Foreclosure Myths is Essential

People who have been struggling with finances often are worried about losing their assets like a car or home to foreclosure. This is primarily because of the various myths associated with the foreclosure. According to Dallas based bankruptcy law firm Recovery Law Group,  separating fact from fiction can be quite difficult, unless you have experienced lawyers to handle your case. Some of the basic myths associated with foreclosure include: Bankruptcy cannot stop foreclosure One of the biggest advantages of filing for bankruptcy is undoubtedly the automatic stay provision that puts an end to all collection actions including foreclosure! [...]

2021-12-07T05:45:49+00:00
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Are Bankruptcy Lawyers Adept at Handling Debt Relief during Divorce?

Divorce is a painful time. With emotions flying high, it is difficult to manage things. If coupled with bankruptcy, it can be a double whammy! Both divorce and bankruptcy involve finances and the situation might be related or independent. Sometimes, the bad financial situation can result in straining the marriage resulting in divorce, while at other times, divorce in itself might end up burning pockets. Whatever the situation, bankruptcy can be an ideal way to get rid of huge debts and begin life afresh for both parties. Are Bankruptcy and Divorce Connected? Majority of cases of divorce are [...]

2021-12-08T05:17:38+00:00
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Benefits of Automatic Stay during Bankruptcy

Many people do not realize when they have incurred heavy debts thereby leaving bankruptcy as the last resort. However, not many people are aware that bankruptcy offers a lot of protection to debtors. One of the most important tools of bankruptcy is the automatic stay, which helps stop all actions taken by collection agencies to collect dues from you. In case you are facing eviction issues, foreclosure or repossession problems, due to losing utility or benefits, or are unable to make child support problems; automatic stay comes to the aid of you and your family, in this time [...]

2019-05-06T13:31:57+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.