Filing for bankruptcy

Chapter 13 Bankruptcy – Encyclopedia

Call: 888-297-6203 Chapter 13 is a bankruptcy form that is not so popular but is a good alternative for many. People with consistent income can consider this bankruptcy chapter to safeguard their assets and payout as much debt as possible. Chapter 13 allows for a repayment plan with restructured debt and much more practical EMIs. There might be a discharge however it is almost negligible compared to the one in Chapter 7. The tenure for the repayment can be 3-5 years. The emphasis in chapter 13 is to calculate the net disposable household income and utilize the same [...]

2025-08-06T05:45:23+00:00
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What Happens To The Personal Injury Lawsuit Award During Bankruptcy?

Call: 888-297-6203 One of the most common reasons to be filing bankruptcy is the medical costs. This could have occurred due to someone’s negligence and there may be a personal injury lawsuit in progress to avail in a reasonable claim for the damage caused. Whether or not the award is used to suffice the lender’s debt, depends on two factors. One is the amount of exemption available to the bankruptcy filer while filing chapter 7 and the other is the type of personal injury lawsuit award. The rules for availing exemption for the award may be complex and [...]

2025-08-11T05:12:06+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 [...]

2025-08-11T05:58:17+00:00
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Detailed Steps To Filing Bankruptcy

Call: 888-297-6203 Filing for bankruptcy can involve many steps. The first and most critical decision one must make is whether bankruptcy is required to be filed or not. The second decision is to determine the chapter in which the bankruptcy will be filed. It can be chapter 7 or chapter 13. This link https://recoverylawgroup.com/bankruptcy/ can help you determine whether bankruptcy is essential for you or not. If yes, you can also find guidance in picking the right chapter whether 7 or 13. The detailed steps to filing bankruptcy can be listed as follows- Petition A voluntary petition is [...]

2025-08-11T06:06:54+00:00
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The Process To File For Chapter 13 Bankruptcy

Call: 888-297-6203 Planning to file for bankruptcy but want to keep all of your properties? File Chapter 13 bankruptcy where you can repay a portion of your debts while keeping all your properties for 3-5 years. Here is the process and what to expect when moving forward with Chapter 13 bankruptcy filing. Preparation for filing. Before you are eligible for filing you will need to take a credit counseling course. You will need to complete it within 6 months of the time when you file. You can also do it online but it should be from one of [...]

2025-08-11T06:27:29+00:00
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Judicial Lien: What Is It And How To Avoid It?

Call: 888-297-6203 A judicial lien is something that is not a very favorable decision for a bankruptcy filer. A judicial lien is a judgment that indicates a debtor cannot discharge a loan on a particular property. The property to which the lien has been applied has to be cleared of the debt before it can be refinanced or liquidated by the bankruptcy applier. Usually, the judicial lien cannot be applied for unsecured debt. However, the good news is that a judicial lien can be revoked or avoided in some circumstances. It isn’t easy to reverse a judicial decision, [...]

2025-08-11T06:29:39+00:00
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Debt Consolidation Vs Bankruptcy

Call: 888-297-6203 Debt consolidation is a very good alternative compared to bankruptcy as it helps in maintaining credit score, and reputation, and pays off all the debts at a revised favorable alternative. However, people with irregular or low income cannot avail the benefits of debt consolidation. This can be the sole reason why many people often opt for bankruptcy as they can have something to survive and reboot their life on a clean slate. Chapter 7 or Chapter 13 bankruptcy can help in achieving the goal for people who are not eligible for debt consolidation. Know more about [...]

2025-08-11T06:38:40+00:00
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Chapter 13 And Its Hardships: Is It Worth It?

Call: 888-297-6203 Chapter 13 bankruptcy is another bankruptcy form that helps in exiting dire financial situations. Chapter 13 is an attempt to repay the maximum portion of debt possible through a consistent income source over a period of 3-5 years. This isn’t the most common bankruptcy form as almost 70% of the bankruptcy filers prefer Chapter 7. So, why do we even have Chapter 13, and is it even beneficial sometimes? Chapter 13 benefits and hardships Chapter 7 allows for a discharge of debts especially the unsecured ones fully. Chapter 13 bankruptcy is a promise to continue hardship [...]

2023-03-31T07:35:56+00:00
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All About Bankruptcy!

Call: 888-297-6203 Bankruptcy is the last resort or an emergency number, which should be the last option in case of emergencies. Many people, for various reasons, more so during the pandemic era, are forced into debt. It may be due to excessive medical expenses or due to other uncertainties like job loss or business losses. Some people, due to poor management of finances and over-the-top expenditure beyond what they can afford, spoil their finances and fall into the debt trap. No matter what the reason or concern may be, bankruptcy is relieving from a grieving situation. To begin [...]

2025-08-11T06:40:38+00:00
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Bankruptcy Trustee, All You Need To Know

Call: 888-297-6203 The bankruptcy trustee is a common term many people come across while learning about bankruptcy. He/she is an official assigned to oversee certain aspects of bankruptcy. The trustees assigned for chapter 7 and chapter 13 can be different as their role is usually different. The goal of a bankruptcy lawyer is to ensure the bankruptcy process is carried out smoothly and there is no conflict between the lenders and the borrower. Bankruptcy trustee’s profile Bankruptcy trustees might have historically been bankruptcy attorneys. They are appointed by the Department of Justice in the USA. Like many government [...]

2025-08-11T06:44:38+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.