Filing for bankruptcy

Bankruptcy: But How Many Times!

Call: 888-297-6203 Bankruptcy is an emergency gateway, and it should be used sacredly. However, with the extended pandemic, many people are seeing a lot of unseen circumstances that are making life difficult every few years. Bankruptcy can be filed multiple times. There is no restriction so that one person can file bankruptcy only once or twice in a lifetime. But there are some cool-off periods and other laws that prevent consistent misuse or abuse of the bankruptcy codes. The intention of filing for bankruptcy is closely evaluated by the bankruptcy court. If the intention is incorrect, then the [...]

2025-08-11T06:45:42+00:00
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The Timeframe For Chapter 13 Bankruptcy

Call: 888-297-6203 The average timeframe for Chapter 13 bankruptcy is higher than Chapter 7 bankruptcy under most circumstances. Chapter 13 focuses on a repayment plan, which may be up to 3-5 years, and the overall bankruptcy procedure may take about a year from the date bankruptcy is filed. The same when considered Chapter 7 can be within the range of a year for the whole process. So, chapter 7 definitely frees your shackles away quicker, and Chapter 13 might just take a bit longer. What is the information required to file bankruptcy? List of all lenders and creditors [...]

2025-08-11T06:47:07+00:00
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Consumer And Non-Consumer Debts

Call: 888-297-6203 The means test is a series of calculations based on the debtor's household size and income to determine whether the debtor can file for chapter 7 bankruptcy. The test only applies to debtors who primarily have "consumer debts" as opposed to business debt. If more than half of the people have non-consumer debt or business debt then they don't have to pass the means test to apply for chapter 7 bankruptcy. What are consumer and non-consumer debts?  Section 101(8) of the Bankruptcy Code defines a consumer debt as "debt incurred by an individual primarily for a [...]

2023-03-31T07:51:01+00:00
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Rules For Chapter 7 Bankruptcy Filing

Call: 888-297-6203 Filing bankruptcy through Chapter 7 has some rules to follow. These once understood make the whole bankruptcy process much easier. If there aren’t many assets and the bankruptcy is straightforward, then one can proceed with the bankruptcy process without even hiring any lawyer. However, to be sure and to ensure you are not missing on a potential planning opportunity, you can dial 888-297-6203 for reliable bankruptcy advice. Bankruptcy form There is a standard bankruptcy form that is available on the official site, which is more or less consistent across the United States of America. In addition [...]

2025-09-05T12:54:32+00:00
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How Can Credit Counseling Help?

Call: 888-297-6203 Credit counseling services are one of the very beneficial services that are often ignored and thought of as something of little value. However, it is important to note that sometimes it isn’t the circumstances or situations, but it is poor money management habits that need some supervision. If a pandemic or health misery or a sudden expense pops from nowhere, most of us will be in a tough situation. However, some situations tend to get worse due to irresponsible decision-making, uncontrolled spending, or incorrect/no saving habits. What services are included in credit counseling? You can avail [...]

2023-03-31T07:57:42+00:00
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How Does Chapter 13 Debt Discharge Work?

Call: 888-297-6203 Bankruptcy usually is related to debt discharge. There can be scenarios when the bankruptcy might result in zero or no discharge. However, many people would be spooked or wouldn’t believe it if they were told Chapter 13 could also lead to some debt discharge. Discharge by definition is a legal order issued usually by the bankruptcy court to eliminate or release the liability of a debt from the filer. To know about more bankruptcy terms log on to https://recoverylawgroup.com/bankruptcy/. Key differences in discharge obtained through Chapter 7 and Chapter 13 Chapter 13 aims at settling as [...]

2025-08-11T06:50:20+00:00
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Means Test: How To Arrive At The Magic Number?

Call: 888-297-6203 A means test is a critical aspect of qualifying for Chapter 7 and there can be a lot of confusion and indecision made in the calculation. Many people think they qualify for the means test but end up disqualified while the others who can qualify for the means test might think they have not. It is often a misconception that the recent income will be considered for the calculation of net household income, however, it is not the case. The average income over a period of the last 6-8 months is considered the household income to [...]

2023-03-31T08:06:11+00:00
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How To Retain Your Car After Bankruptcy?

Call: 888-297-6203 A car is more of an essence that supports travel for work reasons or emergencies. It surely isn’t a luxury for a person applying for bankruptcy. The car might also have some emotional or sentimental aspects attached to it for the owner. It might be as if it was a car that was gifted, or it might be your first car, those are certainly more valuable than the dollar value associated with it. Ownership status To understand whether your car can be safeguarded during bankruptcy or not, it is important to know the ownership status of [...]

2025-08-11T06:51:37+00:00
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Buying A House After Declaring Bankruptcy

Call: 888-297-6203 Just after a bankruptcy, thinking of debt and that, too, a huge debt like a home loan can be extremely difficult. To ensure there is some impact or seriousness amongst the borrowers while borrowing and defaulting does not become a trend leading to bad loans for the lenders, there are some important rules that restrict new loans after bankruptcy. Some restrictions may be for 10 years as well. While the other restrictions might be the impact of declaring bankruptcy. To accurately evaluate and thread cautiously across these restrictions, you may need the best consultants in town [...]

2025-08-11T06:53:02+00:00
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Key Factors That Swing Balance Across Chapter 7 And Chapter 13

Call: 888-297-6203 Chapter 7 and Chapter 13 are the two most important chapters in bankruptcy. Some characteristics that swing the balance to Chapter 7 or Chapter 13 for an applier can be listed as follows- Consider Chapter 7- If you have a higher percentage of unsecured debt, chapter 7 can be beneficial. These can be medical bills, credit card dues, personal unsecured loans, payday loans, and other loans which do not have collateral. To know a more in-depth analysis of what kind of debt you have and whether chapter 7 is appropriate, log on tohttps://recoverylawgroup.com/bankruptcy/  If you have [...]

2025-08-11T07:01:20+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.