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Debts That Can Be Cleared With Chapter 7 Bankruptcy

The main benefit of filing for bankruptcy using Chapter 7 is to be relieved of existing debts. Also known as liquidation bankruptcy, Chapter 7 provides the means to get the debts discharged. Here are the debts that can be cleared using Chapter 7 Store cards overdraft of checking accounts Credit cards Certain tax debts Personal Loans Parking tickets Social Security and unemployment related overpayments Medical bills (inclusive of dental) During a Chapter 7 bankruptcy case, the trustee is entitled to take the control and possession of any property that is not exempt. Hence the debtor needs to understand the asset types that can be exempted in a [...]

2019-05-09T12:28:25+00:00
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Debtor’s Rights – The Right Knowledge

Persistent calls for dues to be paid out and continuous prompting by the collection agents for the payments waiting to be collected can be very frustrating. But as a debtor, it will be important to know your rights when it comes to handling these situations with the debt collectors Right to protection – Debt collectors are mandated to follow practices put forward by the Fair Debt Collection Practices Act (FDCPA). These standards have been enforced to prevent harassment and any other extreme measure affecting the debtor Restrict the call time window – As a person, you are entitled to your life and time. Hence restrict the duration and the call time window. Be affirmative that [...]

2019-05-13T07:01:15+00:00
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How to Stop Foreclosure on Your Property?

Since a majority of the population purchases the property by taking a loan, non-payment of dues may result in you losing control over any such property. Some financial decisions may cause people to fall into a bad economic situation, which may cause you to fall behind on loan payments. Unless you make a decision soon, you might forfeit your property too. For timely intervention and proper guidance, search for bankruptcy lawyers near me and make a consult sooner than later. […]

2019-05-09T12:28:07+00:00
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Chapter 13 Bankruptcy in California, Nevada, and Texas

High secured debts such as mortgaging of home or car payment can pose a problem around repayment for some of the citizens. Initially, the bank that has lent the money contacts the debtor regarding the payment updates after it has defaulted for a month or two – the bank resorts to persistent phone calls (low-level adverse proceedings). They can steer towards high-level adverse proceedings such as foreclosure or repossession if the debtor continues to default. The debtor in certain scenarios may just need some extra time as he can facilitate the means to pay the moneylender. Chapter 13 [...]

2019-05-09T12:27:56+00:00
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Emergency Bankruptcy Filing

The process of filing for bankruptcy usually involves the filling of various forms along with your bankruptcy petition – these forms are mandated by the court. Along with the forms, the debtor needs to gather all supporting information or documentation. This can take up a lot of his time. In cases, where the debtor is really stuck with a crisis situation like the foreclosure of a home or a wage garnishment, then he can file an emergency bankruptcy by filling a few of the needed forms to get the process started. Why an emergency bankruptcy? As soon as you file [...]

2019-05-13T07:00:59+00:00
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Debt Collection Calls – Be Guarded

The courthouse has seen scenarios when the creditor reaches out to the consumer with a large valued liability for making calls to the consumer’s cell phone – the calls are the debt collection calls that are mostly placed via an auto-dialler. It has to be checked if the creditor is adhering to the limits set forth by the federal laws for the usage of automated dialling machines. Do we know when the creditor uses an auto-dialler? If there is silence for a few moments when you have picked your call, then the collection agent may be using an auto-dialler If [...]

2019-05-09T12:27:04+00:00
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Can Bankruptcy Help in Getting Rid of Credit Card Debt?

Many people across geographic location and economic strata are facing the problems of bankruptcy. Bad financial decisions or misfortune can be the reason behind anyone facing insurmountable debts. However, managing such a situation can be extremely difficult and tricky. More often than not, people take the help of credit cards to clear off dues, unfortunately accumulating further debts. Many times, people are just trying to find a balance between various dues and card payments trying to ward off debt collectors. […]

2019-05-09T12:26:54+00:00
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Bankruptcy Process – California, Nevada, and Texas

The knowledge about the execution of the bankruptcy process will be important for a debtor. From the first day of consulting with a renowned bank attorney, Los Angeles (if the debtor lives in LA regions of the California state), the bankruptcy case starts through the meticulous step-wise process. Working with Recovery Law Group will make the journey of a debtor easy and transparent – they practice in the states of California, Nevada, and Texas. The first step in the bankruptcy process is the stopping of any harassment by the debt collectors and in extreme conditions, a lawsuit on behalf of the debtor is filed by the bank attorney. This lawsuit [...]

2019-05-09T12:26:42+00:00
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Are Debt Collectors Still Harassing You? Here’s What You Can Do

If you are facing economic problems due to which you are unable to make payments on your dues and are being harassed by collection agents, then you are in for luck. As per lawyers of Los Angeles based law firm Recovery Law Group, under certain circumstances, such collectors can be held liable for harassing people and may have to pay the consumer for calling them up on cell phone. According to Bankruptcy Attorney Los Angeles, there are strict laws in place which prohibit the use of automated dialling machines by debt collectors. However, it is important that you recognize the signs of automated [...]

2019-05-09T12:26:14+00:00
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Alternatives to Bankruptcy Filing

Many see bankruptcy as the only solution to handle their crisis of debts. But an experienced bank attorney, Los Angeles (for those living in California) or an acclaimed law firm such as Recovery Law Group, who also operate in states of Nevada and Texas, will be able to easily access your condition and provide options to the debts problems of the consumers. Remember that paying off your debts in a regular way is the best way to clear off the dues. […]

2019-05-09T12:26:05+00:00
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