Get Foreclosure Help

Author: admin

  • How to Get Creditors Names Removed from Credit Report After Bankruptcy?

    How to Get Creditors Names Removed from Credit Report After Bankruptcy?

    Most people who have gone through bankruptcy are worried about the after-effects of the same. They would love to put this chapter behind them as soon as possible. One of the major concerns people who have filed for bankruptcy is getting the creditors names removed from the debtor’s credit report after completion of the Chapter 13 bankruptcy plan. However, according to Dallas based bankruptcy law firm Recovery Law Group lawyers, this is not possible. Experienced bankruptcy lawyers elaborate that neither filing for bankruptcy nor completion of bankruptcy plan will remove the accounts included in bankruptcy to be removed from the credit report.

    When any individual files for bankruptcy, this is added to their credit history. This includes adding all creditors acknowledged in the case. Since bankruptcy is public record, these names and accounts can be obtained and updated in your credit record. Any aberrant accounts will be deleted after 7 years from the original date of any such accounts. The bankruptcy is shown on your credit report for a duration of 7 years from the filing date in case of Chapter 13 bankruptcy Dallas and 10 years from the filing date in Chapter 7 case. Thus, eventually, after the mentioned duration, the accounts will be deleted, however, they will not be removed immediately. If you wish to know more about the process, call 888-297-6023 to consult with experienced bankruptcy lawyers.


      *Are you more than 60 days past due on your mortgage?

      *Do you own a home?

      Are you currently working?

      By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

    • What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

      What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

      The two most common chapters under which bankruptcy is filed are Chapter 7 and Chapter 13. Chapter 7 is known as liquidation bankruptcy where non exempted assets are liquidated or sold off to pay your creditors. This chapter of bankruptcy typically results in discharge within 3 months of filing without making any further payments. While in Chapter 13 bankruptcy case, a court approved repayment plan is devised to clear your debts with the creditors. According to Dallas based bankruptcy law firm Recovery Law Group, partial payment based on your disposable income is made to creditors over a period of 3-5 years. Any remaining debts after the duration are discharged.

      Filing for bankruptcy reflects on your credit report. A Chapter 7 bankruptcy Dallas remains on your credit report for 10 years while a Chapter 13 one appears for 7 years from the filing date. This is so because, in the former case, no repayment of debt takes place while in the latter, a certain portion of the debt is paid. If you wish to know more about the details of the workings of either chapter, contact 888-297-6023 and consult with experienced bankruptcy attorneys.


        *Are you more than 60 days past due on your mortgage?

        *Do you own a home?

        Are you currently working?

        By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

      • Get Your Credit Report Updated to Show Bankruptcy Discharge

        Get Your Credit Report Updated to Show Bankruptcy Discharge

        Since bankruptcy filing is public information, people can have access to it. This is a major point of concern for bankruptcy filers as it hampers their chance of getting a loan or even a decent job. Though the information is entered in your credit report, any discharge granted for the bankruptcy should also be mentioned on the credit report. Many times as per the Los Angeles based bankruptcy law firm Recovery Law Group lawyers, the information is not updated on credit reports. This is a cause of worry for people who wish to start their life afresh but can’t. since bankruptcy is quite emotionally draining, people often are confused as to what should be done to get their credit reports updated. Here are some basic facts that can help you sort out things.

        • Bankruptcy becomes public record and is displayed in the credit report.
        • All accounts included in the bankruptcy should indicate the status discharged once you have completed your bankruptcy chapter.
        • You can verify the same by getting a copy of your credit report from the official website.
        • In case your bankruptcy discharge information is not reflected in your credit report, immediate action must be taken to get the same updated. This can be done by sending a copy of your bankruptcy Schedule A, Schedule D or Schedule F which lists all the debts included in a bankruptcy, a copy of the documentation for proof that bankruptcy has been discharged as well as the statement to update bankruptcy information. The information can be uploaded online or sent via mail at the address mentioned on the credit report.
        • The courts can also be contacted to verify the bankruptcy discharge.

        However, it is important to know that the discharge date will not affect when the bankruptcy information is deleted from the credit report. Bankruptcy is mentioned on your credit report for a specified period, which is seven years in the case of Chapter 13 and ten years in case of Chapter 7 bankruptcy Los Angeles. The accounts which were included in bankruptcy are also displayed along with their status. These accounts are deleted 7 years from the original delinquency date, which is generally prior to bankruptcy public records. For further information regarding bankruptcy, you can call at 888-297-6023 to speak with experienced bankruptcy lawyers.


          *Are you more than 60 days past due on your mortgage?

          *Do you own a home?

          Are you currently working?

          By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

        • Need to Update Your Bankruptcy Information? Here’s What You Should Do

          Need to Update Your Bankruptcy Information? Here’s What You Should Do

          Bankruptcy involves a lot of paperwork, both while filing for it and even after discharge. It is therefore important to have legal representation to get through with it smoothly. In case you are looking for legal representation, you can call 888-297-6023 to know more about bankruptcy and its discharge. Generally, post-bankruptcy discharge, creditors update information in their accounts which are eventually displayed on the credit reports. However, many times creditors don’t update the information. According to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, there are options available for individuals if their creditors haven’t updated the bankruptcy discharge information on the credit report.

          Since bankruptcy becomes a public record, the accounts listed in your bankruptcy are reflected in your credit report. In the case of the bankruptcy discharge, the same should be reflected in your credit report as well as bankruptcy record. Filing for bankruptcy involves mentioning all your creditors. Once the knowledge of your bankruptcy is provided to your creditors, they should ensure that the account is updated on the credit report to reflect its status. After you get your bankruptcy discharged, the accounts should also display the updated status. In case it does not, you can contact the creditor through the information provided on your credit report to ask them to update the accounts as discharged.

          Bankruptcy paperwork includes “Schedule” which lists all debts included in the bankruptcy filing. You can alternately send a copy of Schedule A, Schedule D or Schedule F to the address listed in credit report along with a copy of your bankruptcy discharge statement and a request to update the information in your credit report. Alternately, you can verify the information through the courts and update it online. Individuals can file for bankruptcy under Chapter 7 or Chapter 13. In the case of the former, no debts are repaid, and discharge is granted within a few months. This type of bankruptcy remains on credit report for 10 years from the filing date. Chapter 13 on the other hand, involves paying some portion of the debt over a course of 3-5 years. This bankruptcy remains on the credit report for a duration of 7 years from filing date.


            *Are you more than 60 days past due on your mortgage?

            *Do you own a home?

            Are you currently working?

            By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

          • What are Some of the Biggest Mistakes People Make While Paying off Debt?

            What are Some of the Biggest Mistakes People Make While Paying off Debt?

            Nearly 50% of the population in the US is under debt. This can be attributed to lifestyle mistakes like not living on a budget, not creating any emergency and retirement funds, etc. To get out of debts, it is important to seek counseling and alter your lifestyle. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group confirm that this can be done by avoiding common mistakes usually made by people such as:

            • Not changing spending habits

            It is important to realize that your spending habits lead you to this condition. Unless you make changes, you will not be able to crawl out of the huge mountain of debt. To change your financial condition, you need to make some lifestyle changes such as reducing unnecessary expenditure, avoiding unnecessary use of credit card, etc.

            • Trying to reduce debt on your own

            Discussing finances is not always a comfortable subject. Hence, people often struggle with debts alone. If you are not comfortable discussing with friends or relatives, you can take help from experts like credit counseling agency. You will get an idea regarding your options like debt management, debt restructuring, bankruptcy, etc. This professional advice is free so you should make use of it.

            • Not completing or understanding the significance of the debt relief program

            Debt relief programs typically last for 3 to 5 years. Any individual going through bad financial phase need to understand that it will take time for the situation to improve. You need to be sure of the debt relief company that you have chosen. Credit unions or local lawyers’ offices are reliable. In case you need to consult with a bankruptcy attorney you can call 888-297-6023.

            • Not creating a budget

            Curtailing unnecessary expenses is important if you want to get out of debt. You should create a budget which takes care of your necessary expenses like food, housing, education, medical attention, etc. while also catering to debt repayment and retirement funds. If this means staying away from shopping, entertainment and eating out, so be it. Avoid credit cards, and make all payments in cash.

            • Reducing multiple debts simultaneously

            People having a number of debts are often at their wit’s end. Taking care that they pay a student loan, credit card bills, mortgage, etc. takes a toll without any result. You can be efficient by reducing all unnecessary expenses and creating a surplus account which is used to pay the card with a maximum interest rate, after taking care of secured debts. Eliminating cards this way will reduce your load.

            • Closing paid-off accounts

            Closing an account on which debt has been paid off is not advised. Credit scoring systems do not rely on how much money you owe but also how much credit is available. Despite having credit and not using it can improve your credit rating.

            • Not contributing to retirement funds

            Though reducing debt is important, it should not come at the cost of your retirement funds. You should save at least 5-10% of your income in retirement funds like 401(k) etc. This will help you then you are no longer able to earn. Moreover, money saved in retirement funds is not available to creditors during bankruptcy. Look for other ways to pay your debts.

            • Not keeping an emergency reserve

            Living in the present is a common phenomenon. However, you can never be sure when emergency strikes. Sudden medical expenses, loss of a job, car accident, etc. can throw your budget haywire. It is important to keep at least 5% of your income as an emergency fund. On average, your emergency fund should cover 3 months of expenses.

            • Not verifying credit report periodically

            Any debt entered or paid off is mentioned on your credit report, which is available free of cost from major credit reporting bureaus. It is important to check them on a regular basis for discrepancies. Inaccurate entries could damage your credit rating resulting in your inability to get further loan or credit.

            • Debts not prioritized

            People become accustomed to living with debts. Getting rid of them is not a priority. This could snowball into bankruptcy. It is important to consolidate your debts and make regular payments every month. Avoiding credit cards should be important if you want to reduce your debt.

            Living under constant fear of creditors is something which can easily be avoided by making a few changes in the way you think and live. Human beings are quite adaptable to circumstances if they so desire. Here are a few tips to help you stay out of debt:

            1. Live according to your budget.
            2. Avoid unnecessary and impulsive shopping.
            3. Pay cash and reduce credit card usage.
            4. Split cost when living with roomies.
            5. Reduce expenses and sell off anything you don’t need.
            6. Find alternative earning sources.
            7. Get professional help.


              *Are you more than 60 days past due on your mortgage?

              *Do you own a home?

              Are you currently working?

              By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

            • While Filing for Bankruptcy Avoid Making These Mistakes

              While Filing for Bankruptcy Avoid Making These Mistakes

              Bankruptcy can change the way you live. However, if you want it to not affect your life negatively, it is important to know what to avoid prior to filing for bankruptcy. According to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, many people skirt around bankruptcy laws in order to protect their assets. It is important to understand that the bankruptcy court does not approve of certain tactics, usage of which might result in the dismissal of your bankruptcy petition or filing of criminal charges against you. the latter might cost you dearly, not just in terms of finances but also a time in jail. These are some of the common mistakes you should avoid prior to bankruptcy filing –

              • Hiding your assets

              While filing for bankruptcy, you are expected to declare your income as well as your assets to find out your ability to pay off your creditors. Chapter 7 bankruptcy requires you to pass a means test in which your monthly income should be less than the state median for a household of similar number of members. Since Chapter 7 results in the discharge of all debts, people often hide their assets in order to qualify for it. If bankruptcy trustee discovers you are lying about your assets, this could result in dismissal of your case, or you might be banned from filing for those debts again. Similarly, hiding creditors won’t help you either.

              • Not hiring a lawyer

              Bankruptcy laws are quite complex. trying to handle your bankruptcy case on your might not be the best thing to do. You might end up missing one of the final details which might be the difference between getting your bankruptcy discharged or getting your case dismissed. Attorneys are aware of the various ways in which you can protect your assets. They can also you help you choose the best chapter to file bankruptcy under. Moreover, they can make you aware that certain debts are not discharged even after bankruptcy, such as child support, income tax debt, student loan, etc. It is therefore advisable to contact expert bankruptcy lawyers at 888-297-6023 to get rid of debts.

              • Transferring property to family or friends

              Giving assets to family or friends in order to protect them from becoming a part of your bankruptcy estate, can have repercussions on your bankruptcy case. In case you have sold it at less than the market rate, the deal can be turned over by the bankruptcy trustee.

              • Running up huge credit

              If you run the risk of accumulating a huge amount of debt on credit cards just before filing for bankruptcy, it is construed as fraud. The creditor can challenge the discharge of debts if they believe you were trying to cheat them. This will result in the debts remaining even after your bankruptcy ends. Any credit card purchase made 90 days prior to filing for bankruptcy is not included in the debts. You might have to end up paying those creditors and could also be accused of fraud. Similarly, avoid taking on new debt of you are contemplating to file for bankruptcy.

              • Raiding your pension funds

              Most people do not realize that their pension funds are protected from creditors through exemptions. Using money from those accounts to pay your creditor is a bad move, especially since you are using protected money to pay off debts which might be discharged during bankruptcy. Additionally, paying one creditor while ignoring others is not advisable. Pension accounts like 401(k), IRAs, etc. are exempted and cannot be touched by even bankruptcy trustee.


                *Are you more than 60 days past due on your mortgage?

                *Do you own a home?

                Are you currently working?

                By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

              • Should You opt for Bankruptcy Or Debt Consolidation?

                Should You opt for Bankruptcy Or Debt Consolidation?

                If you are under debt, don’t worry; you are not alone. There are lots of people sailing in the same boat as you. There can be numerous reasons for accumulating debts such as sudden medical expenses, loss of a job, increase in mortgage, high tuition fee or buying a new vehicle. Fortunately, there is help available to get rid of huge amounts of debts; the most popular being bankruptcy. It is often the most feared and misunderstood option according to Dallas based bankruptcy law firm Recovery Law Group. Other options like debt consolidation, debt management, and debt settlement are equally viable.

                Bankruptcy

                People can end up having a huge amount of debt, even if they are earning well. There are different chapters of bankruptcy through which individuals can get rid of their debts. While Chapter 7 allows you to discharge all your debts in a relatively less time frame, it can be effective for people who have a monthly income less than the state mean for a household of a similar number of people. Chapter 13 on the other hand, allows you to repay some portion of your debt (depending on your disposable income) while getting rid of the remaining at the end of your repayment plan which takes 3 to 5 years. In both cases, your credit rating takes a dip, which means you will not be able to get a loan for some time. Moreover, bankruptcy records are public, i.e. your reputation is under the scanner, your potency to land up a job will be hampered.

                The repercussions of bankruptcy can affect you for a long time, hence it is important to consider other options before filing for bankruptcy. Alternatives to bankruptcy include using credit counseling, debt consolidation, etc. Even filing for bankruptcy includes going for counseling with an accredited counselor. As per credit counselors, there are three alternatives to bankruptcy; debt management, debt settlement, and debt consolidation.

                Debt management

                If you have income enough to afford the monthly payment, you can opt for this arrangement. Since you are not taking another loan, it becomes easy to repay the debt with the credit counselor working out a plan with lenders. A lower interest rate results in reduced monthly payments thereby making it easier to repay the principal amount. Late fees can also be eliminated. However, if you miss on payments, the deal can be revoked, and the interest rate hiked back. This may take nearly 3 years to get rid of debt. This also affects your credit report but unlike bankruptcy, debt management notation is removed as soon as you finish the plan.

                Debt settlement

                This is a risky option specially designed for people who are not able to make minimum monthly payments. Debt settlement companies take control of credit card debts. You need to make payments to them, and they will make a settlement offer to the lender, wherein the lumpsum amount is paid to them to settle your debts. You can reduce your debt by nearly 50%, however, there is no guarantee for success. The process (if agreed upon by card companies) can take somewhere between 3 and 4 years. Including the late/non-payment penalty, fees for debt settlement services, etc. you can save 20% of the amount. The credit report shows this for the next seven years.

                Debt consolidation

                You can consolidate loan from a bank, online lender or credit union and on its approval can pay off your entire credit card debt. The interest rate is generally lower than normally present on credit cards, thereby reducing monthly payments. Your assets are used to secure the loan, thereby putting them at risk if you fail to make payments. This also opens a new credit line which can end up affecting your credit score.

                Whatever your circumstances, it is important to make sure that you continue making payments to get rid of debt, preferably focussing on paying the highest interest rate debts first. In case you wish to know which option from those mentioned above will best suit you, consult with expert bankruptcy lawyers at 888-297-6023.


                  *Are you more than 60 days past due on your mortgage?

                  *Do you own a home?

                  Are you currently working?

                  By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

                • How Can Bankruptcy Help You?

                  How Can Bankruptcy Help You?

                  Nobody in their right senses would like to go overboard on their expenses. Everyone knows the detrimental effect of going under debt. However, unfortunate circumstances can lead anyone to the brink of bankruptcy. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group inform that bankruptcy is probably one of the best legal ways to get rid of a huge amount of debts. Many people are doubtful about how bankruptcy can help you. Here are a few reasons how bankruptcy can be the best decision you can take:

                  1. Control snowballing effect

                  People who are trying to make ends meet often have one or the other bill pending. Trying to pay one, will often result in a late fee addition on some other bill. All this results in a huge debt eventually. If you are being constantly harassed by creditors and are on the verge of losing your assets to foreclosure or repossession, then filing for bankruptcy can be one of the best options for you. filing for bankruptcy puts an automatic stay in place which prevents collection actions of any kind and provides you with ample time to sort out your finances.

                  1. Relieves the burden of debt

                  Being under debt can lead you to live in great stress, with no way out of the continuous rise of debts. Filing for bankruptcy gives you an option to get rid of your debts while taking charge of your finances. Depending on the chapter of bankruptcy you file, you can either get rid of your debts or repay some portion of them while getting rid of the remaining. In a nutshell, bankruptcy can relieve the stress of debts off your shoulders and allow you to breathe freely.

                  1. Improves your financial future

                  Many people hold back on pursuing their dreams because it will add another financial burden on their debt-laden shoulders. However, filing for bankruptcy can help you get rid of unsecured nonpriority debts like credit card bills, medical bills and personal loan. It also gives you a clean financial slate to start building your credit from scratch. Though bankruptcy is reflected in your credit history, it also offers you a chance to improve your credit rating by getting rid of huge amounts of debts, which would otherwise have pulled you down.

                  In case you are struggling to manage your finances and wish to get out of the vicious cycle of debt, call 888-297-6023 to consult with experienced bankruptcy lawyers regarding the best way to get rid of your debts.


                    *Are you more than 60 days past due on your mortgage?

                    *Do you own a home?

                    Are you currently working?

                    By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

                  • Can Bankruptcy Protect You and Your Property?

                    Can Bankruptcy Protect You and Your Property?

                    Bankruptcy is a legal way to get rid of your debts. You can get rid of a huge amount of unsecured debts while protecting your exempted assets from going under the hammer. When you file for bankruptcy, Los Angeles based bankruptcy law firm Recovery Law Group lawyers enlighten that any collection action including foreclosure, wage garnishment or bank levies are put to an end. You have access to your financial accounts and with the bankruptcy petition, any wage garnishment done 90 days prior to filing can be returned and taxes levied, refunded.

                    Another advantage of filing for bankruptcy is protecting your home against foreclosure. When you have a financial crunch, making payments on a mortgage can become difficult. In case, you have fallen behind on your mortgages, there is a possibility of the creditor foreclosing on your home. However, bankruptcy filing puts an end to the worry of foreclosure too. In fact, bankruptcy is the best tool to save your home. Chapter 13 also offers you a chance to catch up on past arrearage through the repayment plan. Unless a sheriff sale has taken place, bankruptcy can be the best tool to prevent your home from being taken from you.

                    Both federal and state government allow certain exemptions in personal property of the bankruptcy petitioner. When you file for bankruptcy, you can effectively save a lot of your assets while getting rid of several unsecured debts. Various exemptions available include automobile, homestead, household items, retirement plans, insurance, tools of trade, etc. In case you wish to protect your property while getting rid of your huge debts, filing for bankruptcy is the best option. Call 888-297-6023 to consult with expert bankruptcy lawyers regarding the protection of your assets while getting rid of your debts.


                      *Are you more than 60 days past due on your mortgage?

                      *Do you own a home?

                      Are you currently working?

                      By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

                    • Should You File For Bankruptcy Without a Lawyer

                      Should You File For Bankruptcy Without a Lawyer

                      A person who is struggling with financial issues often wants to save as much money as possible. Even if that means filing for bankruptcy without a lawyer. Unfortunately, filing for bankruptcy is more than just filling a few forms and filing them in the court. Though people can file for bankruptcy without a lawyer (pro se), it is generally not advisable. Data available for bankruptcy discharge with and without a lawyer will justify why it is advised to hire a lawyer when filing for bankruptcy. As per statistics available, only 0.4% of pro se Chapter 13 bankruptcy filers got their plans confirmed in California.

                      Lawyers of Dallas based bankruptcy law firm Recovery Law Group inform that it is next to impossible to get your reorganization plan confirmed in case of Chapter 11 or Chapter 13 bankruptcy cases without the expert advice of a lawyer. This is so because the rules are complex and difficult to understand for a layman and therefore people often have little chance of getting through with confirmation hearing, let alone discharge. If you wish to successfully get a confirmation hearing and eventually bankruptcy discharge, you need to consult expert bankruptcy lawyers at 888-297-6023.

                      In the case of Chapter 7 bankruptcy cases, 40% of pro se filing was dismissed compared to 5.4% in the case of attorney represented cases. Since most filers expect financial relief from a bankruptcy filing, this comes as a huge shock. No discharge means no relief from creditors and bad credit report apart from retrying their luck in bankruptcy court. The odds of getting discharge with pro se filing is merely 36%. While having a bankruptcy lawyer to handle your case means that you do not have to worry about all the paperwork, people filing for bankruptcy pro se need to be aware of not just the various forms but also the rules of bankruptcy procedure apart from previous rulings in the Circuit, District and Supreme Court.

                      Through Bankruptcy Petition Preparers are present, they cannot dispense any legal advice. Their only function is to enter the information provided by you into forms. You must find out about the various exemptions, and which will suit you best, which chapter to file bankruptcy under, etc. Even the Official U.S. Bankruptcy Court insists on hiring a qualified attorney to handle the bankruptcy proceedings. Since the clerk’s at bankruptcy office cannot give you any legal advice, you need to hire attorneys to:

                      • Explain the various provisions of the law,
                      • Interpret case rulings and statutes,
                      • Help you complete the bankruptcy forms,
                      • Advise you with respect to the best procedure to achieve your goal, etc.

                      Any individual who opts for pro se filing is expected to know and abide by all the rules and aware of bankruptcy laws. This includes filing all written papers, being aware of the deadline for filings, serving papers to your creditors, wearing proper clothes in court, being ready to discuss the matter in court, etc. If even after your best efforts your case is not confirmed or discharge not granted, you end up wasting crucial time and money in filing fees. Even the automatic stay benefit is reduced, and you may end up losing your home, car, and money, apart from having a failed bankruptcy on your credit report. However, having a lawyer can save you crucial time and get you bankruptcy discharge thereby proving that money spent on hiring an efficient bankruptcy lawyer was a good investment.


                        *Are you more than 60 days past due on your mortgage?

                        *Do you own a home?

                        Are you currently working?

                        By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.