Get out of debt

Thinking of Filing for Bankruptcy? Here are the Things You Should Avoid Doing

In case you are having trouble in managing your finances and the debts keep on surmounting, bankruptcy is legal recourse available to take care of the situation. However, there are certain things to be kept in mind if you are considering filing for bankruptcy. It is important to consult a bankruptcy lawyer such as those of Los Angeles based law firm Recovery Law Group to help you prepare for your case as well as the outcome. It is important that you are aware of the changes your life will take after the bankruptcy case gets over. Bankruptcy lawyers [...]

2023-06-15T06:49:37+00:00
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Will Filing Bankruptcy Require Liquidating of Business?

It isn’t uncommon for a business owner encountering situations wherein revenues decline and debts become surplus. Planning and executing business is by itself a challenge and being in junctures of financial instability can be equally worrying. Luckily, the U.S. Bankruptcy Code is a saving grace to address these startling situations of the financial crisis in businesses and in personal front too! The key question of a business person is whether the business needs to be liquidated in bankruptcy. To throw some clarity to this, here are some important factors that are to be understood while the business owner [...]

2023-03-13T09:21:30+00:00
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Should I Keep My Car during Bankruptcy?

Bankruptcy is a name which often causes people to panic. This is so because most of the time, it is associated with the image of being thrown on the streets penniless. However, nothing could be farther than truth. More often than not, the financial situation of an individual is tight, which has led them to file for bankruptcy. Since financial problems can affect a number of areas of your life including your job, property, and vehicle, many people question whether it is appropriate to keep their vehicle if they plan to file for bankruptcy. […]

2019-05-06T10:13:11+00:00
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Can Bankruptcy Help Eliminate Medical Bills?

Financial problems can arise due to many factors, one of which is huge medical bills. If non-payment of medical dues can cause economic issues for you, you might have to file for bankruptcy to save yourself from insurmountable debts. However, many times, clients feel guilty about filing for bankruptcy, probably due to the fact that they somehow were incapable of arranging for such an emergency which may lead to the feeling of incompetence. It is important to remember while taking a guilt trip; that this is something nobody asked for and therefore bankruptcy is not something one should [...]

2023-03-07T09:50:53+00:00
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Bankruptcy’s Impact on Credit Worthiness

Credit scores reflect on the financial history of an individual or a business and are meticulously built over time. When there are moments of financial crisis and debts pile up, the individuals ultimately opt to file for bankruptcy. The biggest fear when the individual's file for bankruptcy is how it impacts their credit scores. There are many reasons why credit scores will not be impacted in cases of bankruptcy as every individual commences their financial status afresh and they have time to rebuild their credit history Checking with a bankruptcy attorney or a law firm such as Recovery [...]

2023-03-07T11:00:26+00:00
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A Joint Chapter 7 Bankruptcy Filing

Joint Bankruptcy or Joint Chapter 7 Bankruptcy is the filing opted by married couples who face surplus debts and seek options to have them discharged as they have challenges of paying them. Let’s first understand how the filing of Joint Bankruptcy works – A single set of bankruptcy papers are filed on behalf of the married couple (though there are two individuals involved) All property information, debts, income to the family and expenses are submitted to the court Debts can be those that are jointly owned or can be the ones that an individual owes to other Details [...]

2023-03-31T08:50:12+00:00
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Why Hold Back from Bankruptcy Filing?

Many times, people who owe creditors money, lead a life that is full of threats and harassment. Debt collection agencies do not leave any stone unturned to get back the money that you owe them or the creditors. In case you too are plagued with incessant phone calls, urgent notices or demands for financial settlements, why are you hesitating to file for bankruptcy? More often than not people are afraid of filing for bankruptcy due to the various myths surrounding it. Lawyers of Sacramento based law firm Recovery Law Group provide a number of common reasons why people [...]

2023-03-07T10:51:59+00:00
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Considering Bankruptcy? Should You Liquidate Your Assets?

For people who are undergoing severe financial issues, one of the best legal recourse available is filing for bankruptcy. This helps to get huge amounts of debts discharged while offering individuals a chance to have fresh financial beginnings. According to the U.S. Bankruptcy Code, a number of chapters are available to choose while filing for bankruptcy; one must choose the chapter depending on their financial conditions. Chapter 7, also known as “Liquidation Bankruptcy” is one of the most preferred for consumer bankruptcy. In Chapter 7 bankruptcy, the assets of the individual filing for bankruptcy are sold off and [...]

2023-03-07T11:21:21+00:00
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Creditors Can Be Held in Contempt for Violating Discharge Ordered by Bankruptcy Court

The bankruptcy laws have been enacted to make life easier for people who are undergoing tremendous financial losses. However, despite filing for bankruptcy and getting a discharge, many times, creditors still harass debt filers for dues. Citing the bankruptcy case of Jarvar, Stanley E. and Barbara J.; In re (Jarvarv. Title Cash of Montana Inc., et. al.), the Los Angeles based law firm Recovery Law Group respite is available to debtors from creditors who violate bankruptcy discharge. Such creditors can be held in civil contempt. How Jarvar v. Title Cash of Montana Inc., et. al. Bankruptcy Case Changed [...]

2019-05-09T12:46:45+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.