Get Foreclosure Help

Author: Team Flexsin

  • The Bare Bones Filing In Bankruptcy

    Call: 888-297-6203

    There is a sale date for your Jacksonville home. You have been counting on the possibility of mortgage modification because of which you were delaying in filing a bankruptcy, but now you have only 24 hours before the selling of your home. However, this can be stopped from happening.

    Filing for bankruptcy, even a few hours before the selling of the home, will bring the automatic stay in effect. An automatic stay stops the creditors from collecting until either the completion of the bankruptcy or the court’s permission for collecting again.

    There is a lot of paperwork involved in filing a bankruptcy case, which needs to be accurate and complete as it is signed under the penalty of perjury. Fortunately, with the Bare Bones Filing, the benefits of an automatic stay can be reaped without completing all the paperwork.

    The Bare Bones bankruptcy, also known as the Skeleton bankruptcy, involves the creation of technicalities in the law. The debtor is required to complete only Form B1 (of three pages) on the day of filing, under the title 11 of bankruptcy code. You will be required to fill four or five more pages within two days of the day of filing. The rest of the paperwork will not be due for two whole weeks.

    To navigate successfully through such a situation, contact the Recovery Law Group, at www.staging.recoverylawgroup.com or call on 888-297-6203.


      *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.

    • The Mobster Museum Files For A Chapter 11 Bankruptcy

      Call: 888-297-6203

      The Las Vegas Mobster Museum has gone bankrupt with a debt of 5.8 million dollars and has filed for a Chapter 11 bankruptcy. The museum, after the FBI evidence room, has the world’s largest collection of crime artifacts.

      The debt owed by the museum is proportionally more than the amount that Capone had owed to the IRS. Capone owed $215,000 to the IRS, at the time of his arrest in 1931, which is equivalent to almost 3 million dollars in today’s time. It had lead to 11 years’ imprisonment for Capone.

      JVLV Holdings LLC purchased the Mobster Museum for 2 million dollars. The former developer, Jay Bloom, was accused of having overstated potential daily visitors and for paying credit card bills, personal automobile bills and grocery bills with corporate money. Depending on Mr. Bloom’s testimony, these payments might be violating the bankruptcy code under 18 U.S.C. § 152. In such a case, this statute states imprisonment of only five years, which is not as cruel as Capone’s imprisonment of 11 years.

      Thus, it is worst to lie to the IRS than in a bankruptcy court and to avoid landing in such a problem, it is better to hire an expert bankruptcy attorney for proper aid and guidance. The Recovery Law Group provides the best bankruptcy attorneys of Los Angeles & Dallas, TX. You can contact them at www.staging.recoverylawgroup.com or on 888-297-6203.


        *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.

      • Married Couples Get Unique Benefits In Bankruptcy Cases And Wage Garnishment

        Call: 888-297-6203

        Married debtors might get a unique opportunity over unmarried debtors in defending wage garnishments. Exemption from the garnishment of all the disposable earnings is allowed to any Head of a family under Section 222.11 of the Florida Statutes. According to Section 222.11(1)(c), ‘Head of the family’ is defined as any person who provides more than 50% support of the dependents.

        Thus, both the spouses can exempt their wages from garnishment, if each is providing more than half of the child support. Another trick used in a bankruptcy case is of filing for ‘Tenancy by the Entireties’, in which all the titled marital property can be protected from liquidation if the filer’s spouse is a non-filer.

        Usually, the married couples are declared bankrupt in a single document, “Joint Petition”, which needs only a single fee for filing. However, there would be a loss of personal property worth more than the state exemption amounts, as “Tenancy by the Entireties” is not allowed in joint petitions. A unique opportunity for married couples will be the filing of one spouse, claim the exemption for entireties and then after that case closes, filing the second spouse and claiming an exemption for entireties again.

        A bankruptcy attorney can provide you with unique strategies to deal with bankruptcy or to defend garnishments, and the Recovery Law Group is the best choice for it. You can contact them at www.staging.recoverylawgroup.com or on 888-297-6203.


          *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.

        • Bankruptcy Filings Before The Holidays Are Beneficial

          Call: 888-297-6203

          Bankruptcy filings in Jacksonville are at their lowest from November to February as no one wants to go bankrupt during holidays. The reason for this is that despite being in debt, people are still bound to buy gifts for friends and family.

          There are many ‘Exceptions to Discharge’ listed in 11 U.S.C. § 523. The goods and services which are reasonable and necessary for the support and maintenance of the debtor and his or her dependents are exempted. Presents, even the traditional ones, will be considered a luxury except if they are especially modest. Such pre-filing purchases are non-dischargeable in bankruptcy.

          Under 11 U.S.C. § 727(a)(2), it is fraudulent to make purchases without any intention of repaying the debts, and it can lead to the closing of the bankruptcy case without getting a discharge, or even imprisonment.

          In a Chapter 7 case, the estate property is decided on the filing date, thus, it is sensible to file a bankruptcy before the holidays. Funds that are used to make purchases after the bankruptcy filing are not considered fraudulent, thus, eliminating the tension of criminal liability or no dischargeable.

          To escape the complexity of bankruptcy and for experienced guidance throughout the process, contact the Recovery Law Group at www.staging.recoverylawgroup.com or on 888-297-6203, and hire the best bankruptcy attorney of Los Angeles & Dallas, TX.


            *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.

          • Medical Debts Might Lead To Filing For Bankruptcy

            Call: 888-297-6203

            According to the Census Bureau, one out of six Americans does not have health insurance. Thus, suffering from an illness or other medical problems has become one of the most common reasons to file for bankruptcy.

            Most of us are surviving on the edge in the current economic circumstances. According to the data of the Census, revolving debt of about $5,100 is carried by the average American cardholder at any one time. It takes only an illness or an accident to make people fall behind on their bills. After that, the rates of interest are increased by the credit card companies which make it impossible for the people to cope with the financial crisis.

            Filing for bankruptcy is not an easy decision to make, but sometimes, it is the best option to get back on one’s feet. In bankruptcy, you can almost always get your medical debts discharged which were attracted due to reasonable health and welfare reasons. Thus, if you are well enough to go back to work, your life can begin to get back to normal.

            Debts can be overwhelming and thus, it is necessary to have expert guidance before making any decision about bankruptcy. You can contact the Recovery Law Group, the best bankruptcy attorneys in Los Angeles & Dallas, TX, at www.staging.recoverylawgroup.com or by calling on 888-297-6203, for expert consultation.


              *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.

            • Bankruptcy Attorney Suspended For Giving Bad Advice To The Client

              Call: 888-297-6203

              George Sadorus’ decision to hire a bankruptcy attorney over the internet proved to be harmful to him. He really should have heard the warning bells when his attorney had asked him to be dishonest with the Trustee about his inability to attend the 341 Meeting of Creditors.

              A paralegal had advised Sadorus that $8,000 which was there in his bank account would be exempt in the bankruptcy. Later, the paralegal did not inform the attorney about the account, and thus the attorney filed Sadorus’ case without disclosing $8,000 in his account. As soon as the attorney realized his mistake, he asked Sadorus to lie to the Trustee about his inability to attend the otherwise compulsory 341 hearing. The attorney thought that if Sadorus’ case was dismissed, he would be able to spend $8,000 on necessary and reasonable living expenses and then re-file for bankruptcy.

              The attorney then did not discuss about any remaining funds in the client’s account and re-filed the case. Thus, case 2 was filed with $5,000 in the client’s bank account. The client then attended the 341 hearing this time, told the truth to the Trustee and fired his attorney. The revelation surprised the Trustee, who then sued the debtor for his account’s contents. The attorney was also sued for the sanctions and discouragement of his fee. He was also suspended from all kinds of law practices in that state and was asked to take educational courses in general practice and ethics. He was also forced to return the retainer fee to the debtor.

              Unfortunately, the attorney had returned the retainer fee to the debtor during the bankruptcy because of which it became the estate property and could be collected for the benefit of the creditors of the debtor. Thus, Sadorus had to suffer because of his wrong choice of the bankruptcy attorney. Because of the attorney’s poor advice, Sadorus had to lose $5,000 in his account and also $1,000, which was paid to the attorney.

              We might get tempted to hire an inexpensive attorney, but it is more important to hire an experienced, trusted and a competent bankruptcy attorney than a cheap one. If you are considering filing for bankruptcy, contact the Recovery Law Group, best in Los Angeles & Dallas, TX, at www.staging.recoverylawgroup.com or call on 888-297-6203.


                *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 I File For Chapter 7 Despite Having An Annual Income Of $1,000,000?

                Call: 888-297-6203

                It is possible for a debtor to file for a Chapter 7 bankruptcy despite an annual income of a million dollars, but they will have to pass all sorts of criteria mentioned in the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), passed by Congress in 2005. The most common eligibility is to pass the Means Test.

                Under 11 USC § 707(b), the Means Test requires a debtor to prove that their gross income is less than the average income meant for their family size in their state. Most people ignore the first part of this paragraph and focus only on family size and income. However, you can bypass your means test altogether by proving that you owe non-consumer or business-related debts despite having a gross income far more than the median income (stated by IRS).

                Congress had incorporated this loophole in order to encourage businesses. Stories of failure of small businesses in their first year are not uncommon. Thus, Congress decided to allow the filing of Chapter 7 for business debtors, instead of the costly and time taking Chapter 13, so that people are not scared of taking risks and opening businesses. However, whether it is beneficial for the economy or not is debatable.

                To get expert advice on bankruptcy-related problems, contact the Recovery Law Group at www.staging.recoverylawgroup.com or call on 888-297-6203.


                  *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.

                • Tax Returns Can Be Used To Pay For Bankruptcies

                  Call: 888-297-6203

                  The time to pay tax is going to come soon. By January 31st, the employees need to get W2s from their employers, so that their federal income taxes can be filed. According to the Bank rate website, 30% of the people getting tax returns decide to use it to repay debt, and some of it to fund bankruptcies.

                  It is beneficial to file for bankruptcy immediately after receiving the tax return because you get an opportunity to use your return on necessary and reasonable things instead of handing it over to your bankruptcy trustee. For instance, if a debtor was planning to file for bankruptcy in July, he or she would already earn half of the tax return for that year, which would then be asked for by the trustee. Thus, in order to spend your money well and protect it at the same time, it is better to spend it on necessary and reasonable things and then filing for bankruptcy.

                  While it is advisable to file for bankruptcy before holidays, the fees of an attorney does count as an important and reasonable expenditure, allowed just before filing bankruptcy. Many debtors find it difficult to arrange money to pay their bankruptcy attorney’s fees. However, a tax return solves that problem.

                  It is important not to spend the money on luxuries, which leads to bankruptcy. It is advisable to hire expert help to understand and plan out the bankruptcy prior to obtaining a tax return. You can contact the Recovery Law Group, best in Los Angeles & Dallas, TX, at www.staging.recoverylawgroup.com or on 888-297-6203.


                    *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.

                  • Stripping Second Mortgages In A Chapter 7 Case

                    Call: 888-297-6203

                    This blog post is about getting an effect in a Chapter 7 case which is similar to lien stripping in a Chapter 13 case. In a Chapter 7 bankruptcy case, the filers get an opportunity of keeping their debts on a secured loan until they are keeping up with their payments. This, together with the Florida Constitution, allows the keeping of financed homes through bankruptcy.

                    But, most of the people, these days, are struggling with the problem that their house is underwater and the equity does not secure their second mortgage anymore. For example:

                    Home Value      Mortgage Amount            Secured Amount

                    $110,000           1st Mortgage $120,000             $110,000

                                                2nd Mortgage $80,000               $0

                    Here, the amount owed on the home by the debtor is $120,000 + $80,000 or $200,000, but its worth is now only $110,000. Thus, the debtor is underwater by $90,000. Since the home is horribly underwater, a smart debtor might think of giving up the home in bankruptcy, as he or she would not want to pay $90,000 more than the home is worth. Now, if the debtor surrenders the home, $110,000 will be entirely paid to the first mortgage holder (they are always paid first) and the second mortgage holder will get $0.

                    The second mortgage is aware of getting $0, in case of a bankruptcy filing by the debtor, and also that filing for bankruptcy will be a sensible choice for the debtors when they are underwater. Now, in such a situation, a bankruptcy attorney will negotiate a settlement of the lien with the second mortgage holders for a paltry sum of money. In case they agree, the remaining unpaid amount can still be written off on their taxes by the bank and can get the cash in the meantime. After this, the debtor can avoid the classification of the transaction as a ‘Preferential Payment’ by waiting for 90 days. He or she can then file for a Chapter 7 bankruptcy, reaffirm that they are current on the first mortgage, and get a discharge on their other unsecured debts.

                    For further assistance and guidance on getting stripping in a Chapter 7 case, contact the Recovery Law Group at www.staging.recoverylawgroup.com or call them on 888-297-6203.


                      *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.

                    • Confirmation Of Chapter 11 For Mark Brunell

                      Confirmation Of Chapter 11 For Mark Brunell

                      Call: 888-297-6203

                      An ex-quarterback for the Jacksonville Jaguars, Mark Brunell, had filed for a Chapter 11 bankruptcy, in which the debtor includes all of his creditors and proposes a plan to repay them all. Then, the approval of the plan lies in the hands of the creditors in case of the infringement of their rights. The approval of all the infringed creditors leads to the confirmation of the plan. Mr. Brunell’s plan was also confirmed by the Judge, Jerry A. Funk.

                      Consumer debtors, who do not pass the Means Test, are ineligible to file for a Chapter 7 bankruptcy, which often leads to the filing of a Chapter 13 bankruptcy by them. However, there is a ‘debt ceiling’ in Chapter 13, which limits the ownership of dollar amount of the debtors. The current debt ceiling for unsecured debts is $360,475 and for secured debts is $1,081,400. If the debtor earns more than the median income and also has debts more than the debt ceiling, his or her only option might be a Chapter 11 case, as it was in Brunell’s case.

                      In Chapter 11, creditors must either be able to retain their already existing rights in the proposed plan or they should agree to get modifications by the plan in those rights. If not that, they should at least get an amount equal to what they would have got in case of Chapter 7 liquidation. Since Mark Brunell owned assets worth $350,000 (not exempted and thus subject to liquidation in Chapter 7), his plan was required to have an inclusion of a proposal to pay $350,000 to his unsecured debtors.

                      In Chapter 11 also the debts will be considered discharged only after the payment of all the proposed payments in the plan.

                      In order to know more about the different types of bankruptcies and get expert guidance on them, contact the Recovery Law Group, best in Los Angeles & Dallas, TX, at Recovery Law Group or on 888-297-6203.


                        *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.