Filing for bankruptcy

Call: 888-297-6203 So you are a business owner and are in need to file for bankruptcy. What will be your company’s plight in such a case? Firstly, you must understand that in most of the cases your company is a distinctly separate entity under the law, whether it is a corporation or an LLC. Imagine your company as its own legal representative, completely separate from yourself. Your company does not necessarily need to follow suit, simply because you have filed for bankruptcy. In fact, there might not be a need to have your company filed in case it [...]

Call: 888-297-6203 Since there is a lot of confusion surrounding the bankruptcy process, it is better if you are aware of what to expect when you file for a Chapter 7 or Chapter 13 bankruptcy. The best way to do that, say Los Angeles based bankruptcy law firm https://recoverylawgroup.com/ is to hire experienced lawyers. In case, you are contemplating bankruptcy filing and haven’t yet hired a lawyer, you can call experienced bankruptcy attorneys at 888-297-6023 to discuss your case. The initial process in either chapter of bankruptcy is similar; beginning with a consultation with a lawyer. You need [...]

Call: 888-297-6203 Bankruptcy is designed to get rid of huge amounts of debt in order to get you a fresh financial start. However, this can be unfair to the creditors if they are unable to receive anything in return. Thus, in case of Chapter 7, your non-exempt property is liquidated, and the proceeds distributed among your creditors; while in case of Chapter 13 bankruptcy, a repayment plan is devised based on your disposable income. While filing for bankruptcy, you are expected to list all your assets in the bankruptcy petition. This allows the bankruptcy trustee to find out [...]