filing bankruptcy Los Angeles

You Should Consider Filing For Bankruptcy If You Owe A Lot Of Money

Call: 888-297-6203 Before you decide on filing for bankruptcy due to your unmanageable debts, it is important that you meet with a Licensed Insolvency Trustee (LIT). They will help to evaluate your current financial situation as well as provide you with multiple alternatives that you can take to get rid of your debts.  What to do if you cannot find a Licensed Insolvency Trustee (LIT)? Under circumstances when you are unable to find a LIT, you can take the help of OSB’s Bankruptcy Assistance program provided- You have previously tried to get in touch with at least 2 [...]

2023-03-21T09:13:25+00:00
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What Is A Bankruptcy Court?

Call: 888-297-6203 A bankruptcy court is a federal court structure like any other court form that deals with bankruptcies. A bankruptcy court usually has very nominal or less filing fees and consists of attorneys that may represent the bankruptcy filer. The court facilitates individuals as well as businesses. It is not mandatory to hire an attorney especially when the debt amount is low, however, hiring an attorney helps in streamlining the process and ensuring there are no technical errors in filing procedures. Learn about bankruptcy and its intricacies at https://recoverylawgroup.com/bankruptcy/. Characteristics of a bankruptcy court A bankruptcy court [...]

2023-01-19T05:28:42+00:00
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How To Clean Your Financial Slate And Start Over?

Call: 888-297-6203 A few of us often get into different uncomfortable situations and just hope we could start over again with a clean slate. It is not possible in all situations however, if your finances are messed up and you are not able to pay back your bills and lenders, there is a way to reboot fresh. The solution to the financial mess is bankruptcy. It is the last resort to avail relief during the stressful financial condition. If you are too traumatized by debts, you are not able to clear your payments on time, you do not [...]

2023-03-31T06:12:13+00:00
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Let Us Analyze The Pros And Cons Of Bankruptcy

Call: 888-297-6203 Bankruptcy has many impacts on the applier. The decision of bankruptcy is more on the situation and not on Pros and Cons. But discussing the same will help in deciding whether even in stressful situations, bankruptcy makes sense. Also, it prepares an individual inching towards bankruptcy for the future consequences of the same. Stay order In many situations, you are desperate to maintain a stay order to protect your assets or to safeguard them against lender liens. This can be a very difficult task especially when you have defaulted on several payments and the lender isn’t [...]

2023-03-31T08:28:46+00:00
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What is ORAP?

Call: 888-297-6203 Filing for bankruptcy to get rid of your debts can make you aware of several legal terms previously unknown to you. When you choose to file for bankruptcy, you have probably run out of options to stop creditors from collecting their amount. ORAP is a procedure which is known to be quite helpful during bankruptcy proceedings, especially to your creditors. ORAP is called order for appearance and examination of judgment debtor. According to Los Angeles based bankruptcy law firm Recovery Law Group, ORAP requires that the debtor appears in the court in order to answer questions [...]

2019-09-23T12:35:48+00:00
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Common Misconceptions Regarding Bankruptcy

Despite bankruptcy being one of the best methods of legally getting rid of unsecured debts, it is often misunderstood. People look down upon the very idea of filing for bankruptcy due to the unnecessary social stigma attached to it. There are numerous instances of business organizations and personal finances crumbling to eventually end up in financial ruins. According to Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/, people are unaware of of the various misconceptions existing about bankruptcy. If you are undergoing extreme financial stress should consult bankruptcy lawyers at 888-297-6023 to clear your doubts regarding misconceptions associated with [...]

2023-03-13T09:41:28+00:00
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Recovering from Bankruptcy is Easy If You Follow These Steps

Filing for bankruptcy is quite emotionally draining. You might feel that you have let yourself and your loved ones down. However, it is important to net let this temporary setback ruin the rest of your life. Nothing is permanent, even the ill effects of bankruptcy. it is important that you take note of what led to your financial downfall. Having a bankruptcy attorney can, not just help you recover from bankruptcy but can also be your guiding light towards a fresh start, suggest lawyers of Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/. If you wish to make a [...]

2023-03-14T09:48:29+00:00
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Questions to Ask a Bankruptcy Attorney Before Filing

Bankruptcy can be trying times for people struggling to make ends meet. Though you can file for bankruptcy on your own, Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/ suggest that you hire a bankruptcy attorney to help you with your case. Despite a lot of information regarding bankruptcy is available online, it is important that you ask the following questions with any potential attorney you wish to hire for handling your bankruptcy case. Which chapter of bankruptcy would work best for you? Individuals can file for bankruptcy under Chapter 7 or Chapter 13. To qualify for Chapter 7, [...]

2023-06-15T07:29:27+00:00
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Clause For Refinancing a Loan Agreement That Was Discharged in Bankruptcy

When a person applies for bankruptcy under chapter 7, in Los Angeles, most debts are cleared. The debtor is no longer obliged to the creditors. However, a debtor can keep a loan agreement if he/she wills to save that particular property. Usually, all the property and valuables are sold to clear the debt under chapter 7. If the debtor wants to retain any property, be it their house or car; they can continue to follow the loan agreement towards that house to the creditor. For more advice do log in to Recovery Law Group. Reaffirmation The process of [...]

2019-08-07T13:10:38+00:00
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What to Do with Your Checking Account in Case of a Chapter 7 Bankruptcy Filing?

When you file for bankruptcy all your assets are divided into the exempt and non-exempt property. While you can keep your exempt property, the non-exempt property is used to pay back your creditors. In the case of Chapter 7 bankruptcy, the trustee liquidates your non-exempt property to repay unsecured debts. In Chapter 13 bankruptcy, you can keep non-exempt property too, but you need to pay an equivalent amount to your unsecured creditors. According to Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/, funds in your checking account can be used to repay your creditors, or kept by the bank [...]

2023-03-13T08:44:28+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.