Filing for bankruptcy

Can you Risk Filing for Bankruptcy Pro se?

People struggling with debts have the option of filing for bankruptcy. You can either choose to file without a lawyer (pro se) or seek assistance from bankruptcy lawyers to handle your case. As per a study by US bankruptcy court, nearly 1/4 of debtors in California file their case “pro se” which has a success rate of merely 0.04% i.e. 1 case in 2,500 filers results in a bankruptcy discharge. The court approved attorney fee for a non-business case is $4000 and that for a self-employed filer is $5000. The court filing fee for bankruptcy is $281. Though [...]

2025-08-21T11:24:35+00:00
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Filing for a Chapter 7 Bankruptcy in California? Here’s a Step-by-Step Guide

Despite going through extreme financial difficulties, people often refrain to file for bankruptcy, probably because they are unclear of the entire procedure. For individuals who are going through a tough financial situation, Chapter 7 bankruptcy is the best bet as it offers people to start life afresh. In this case, your non-exempt assets are surrendered and sold off to pay the creditors. Any unsecured debt left after payment is discharged. The state of California has two systems of exemption to protect your assets, thanks to which the majority of debtors don’t require to surrender any assets. Here’s what [...]

2025-08-21T10:44:27+00:00
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Should You Opt for Bankruptcy Planning?

For most people filing for bankruptcy can be quite traumatic. However, if you are aware that it is the only legal option available to take care of the ever-increasing debts, then you can prepare for it. Bankruptcy planning can be quite helpful for your case. In case you are unaware of the provisions of the Bankruptcy Reform Act (2005) and how they may affect your bankruptcy case, you might need the assistance of bankruptcy lawyers such as those belonging to Dallas based law firm Recovery Law Group. Having a bankruptcy attorney by your side can help you with [...]

2025-08-21T10:58:19+00:00
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Student Loan Laws of Oregon

Higher education can be costly. Many times, for a bright future, students take a student loan to pursue their dream of higher education. However, the financial future of these students (graduates, post-graduates as well as doctoral fellows) is in jeopardy due to the crippling student loan. Most of the times, due to bad financial conditions, people have the option of filing for bankruptcy. Since student loan is not discharged in bankruptcy, not only is it a point of concern for the students but also the nation as a whole. According to the Los Angeles based law firm Recovery [...]

2023-03-07T10:05:21+00:00
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In Texas? Ensure That you Adhere to These Guidelines

Finding oneself in a pile of debts is definitely an uneventful scenario and filing for bankruptcy stands as the only viable option for this. The filing process can help to discharge some or all of the debts and get manageable payment schedules for the others. You can also take care that you are careful of building a future that is devoid of these financial mistakes. If you are in Texas, there are some key guidelines to be cautious about when you are filing for bankruptcy. Take a look at them now!  Do not spend your retirement funds–In order [...]

2023-03-30T13:04:50+00:00
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Does filing bankruptcy relieve you of debts?

It is probably a myth that many of us have come to believe that bankruptcy relieves one of all debts. Although it may sound attractive about not being obliged about settling your creditors and make a new start with your business, there are some facts to the discharge of debts that one needs to clearly understand about – it may be a surprise that bankruptcy conditions when filed do not eliminate all debts. When filing for bankruptcy using Chapter 7 or Chapter 13, the U.S. Bankruptcy code doesn’t enforce you to pay certain outstanding debts. The code was [...]

2025-08-21T11:37:21+00:00
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Bankruptcy & Divorce – Not a wise idea!

It is definitely not a great feeling to go through a personal crisis of bankruptcy and divorce at the same time. There can be a tight interlink between the two, as divorce can lead to a bankruptcy situation as assets may get separated and also if you are turning bankrupt as a married couple, you are definitely turning unhappy with your partner leading to a divorce. Despite this link, it generally isn’t a great and wise idea to file for divorce and bankruptcy at the same time. Let’s learn how! As the court may request financial income information [...]

2023-03-07T09:47:12+00:00
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Smaller Airline Industry Created after Bankruptcy and Job Losses

In the past 10 years, the U.S. airline industry has lost a huge amount of revenues, to the tune of tens of billions of dollars and more than 170,000 jobs. All of this can be attributed to lost revenue and bankruptcy filings. The result of this has been downsizing of the industry significantly. Most major airline carriers have seen this doomsday scenario. According to Los Angeles based law firm Recovery Law Group, there are numerous examples of the same. The United Airlines underwent bankruptcy through chapter 11 in 2002-2006 had been reduced to half its size than it [...]

2025-08-08T07:06:23+00:00
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Hiding Assets Could Cost You More Than You Intend to Save

While filing for bankruptcy, it is mandatory for all filers to disclose their assets in their petition. It is extremely important that bankruptcy filers are truthful in their declaration and do not try to hide their assets. Some people have the opinion that if they hide their assets, those assets will remain secure and would not be taken away by the court during bankruptcy proceedings. However, probably unknown to them, they are committing perjury which is reprimanded by penalties, which in the long run may prove costlier to the filer. […]

2025-08-06T06:44:09+00:00
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If You Thought Success after Bankruptcy is Not Possible, You Are in For a Surprise!

There are many misconceptions associated with bankruptcy. The most popular one being that successful people or business houses do not file for bankruptcy. Another myth is that once you have filed for bankruptcy, getting out from the ruins and making a name for yourself is impossible. Well, nothing could be farther from the truth. Los Angeles based law firm Recovery Law Group would help break the myths associated with bankruptcy and success. Bankruptcy as a process is designed to help people out of the financial mess and help them start a fresh life. There have been many instances [...]

2025-08-11T07:19:34+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.