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  • Bankruptcy Hits Star Trek Superfan!

    Bankruptcy Hits Star Trek Superfan!

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    The Star Trek series has acquired legions of fans across the globe. Being inspired by the series, a Star Trek superfan, Tony Alleyne converted his apartment in the UK into a mock set of the Starship Voyager. Though it may seem eccentric, it was apparently a smart business decision. He hoped to attract other Star Trek fans to hire him as a decorator for their homes. Unfortunately, the business decision did not attract many clients and Tony ended up incurring a huge debt of £100,000. Since he had maxed out his 14 credit cards working on his pet project, he had to file for bankruptcy.

    Even though the interior of his house was exactly like the ship featured in the Star Trek Series, Tony couldn’t help in saving his home. His apartment, listed on eBay, however, fetched him far more than the expected value (£425,000). Lawyers of Dallas based bankruptcy law firm Recovery Law Group inform that many times people end up filing for bankruptcy because of failure in business. Though Tony’s business plan sounds weird, but it cost him merely £130,000 to convert his home into Starship Voyager. He still ended up making a profit of £295,000! Even a single client’s home conversion would have landed him an annual salary more than that of the UK Prime Minister! This is something to consider and motivate other bankruptcy filers that life can be started again despite hitting a financial roadblock. To know more about your options during bankruptcy, you can call 888-297-6023 to consult experienced bankruptcy lawyers.


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

      *Do you own a home?

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      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.

    • Stress Caused Due To Bankruptcy Might Result In Divorce

      Stress Caused Due To Bankruptcy Might Result In Divorce

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      Statistics reveal that almost 36% of bankruptcy filers have had too much stress to deal with which resulted in them filing for divorce or separation due to it. Dallas based bankruptcy law firm Recovery Law Group lawyers say that most people separate and file for divorce due to financial issues. Though the people filing for separation are 36%, people who end up divorcing is 18%, yet the number is high enough.

      Florida has earned a nasty reputation of being the leading cities in the U.S. with the highest divorce rate. Incidentally, Florida also has the indistinction of being the state with second-highest number of bankruptcy filings. Though there isn’t any connection between the two, they do seem correlated as either has an effect on the other. if you are contemplating bankruptcy or divorce, it is vital that you consult experienced lawyers at 888-297-6023 to discuss your case.


        *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 Medical Debts Be Responsible For Your Bankruptcy?

        Can Medical Debts Be Responsible For Your Bankruptcy?

        Call: 888-297-6203

        Filing for bankruptcy is an unfortunate event that may or may not be because of the individual. Sometimes, ill-advised investment or spending beyond your means can be the reason for incurring a huge amount of debts. However, many times, it is unfortunate circumstances like loss of job, costly divorce, unplanned pregnancy or huge medical bills that can be the reason for a bankruptcy filing, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group.

        Illness is one of the most common causes which leads to bankruptcy filing with nearly 62% of bankruptcy cases attributed to this. Thanks to these staggering statistics, such a situation is also called (unofficially) as ‘Medical Bankruptcy.’ compared to other patients, it has been observed that cancer patients are twice more likely to file for bankruptcy compared to other people.

        Medical debts of any type, including cosmetic medical debts are unsecured debts. Generally, all unsecured debts are discharged in case of Chapter 7 bankruptcy; however, cosmetic medical debts might not be discharged as they are not essential and considered a luxury. In Chapter 13 bankruptcy, your disposable income is used to pay back your debts over a period of 3-5 years’. Any unsecured debt which survives after this period is discharged. Reconstructive cosmetic surgeries are essential and therefore any debt related to the same might be discharged. To get medical debts discharged in bankruptcy, you must file for it at the right time. If you are expecting any follow-up surgeries, it would be wiser to hold on to filing for bankruptcy. To know more about medical debt discharge, you can call experienced 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.

        • Chrysler Group’s Fortunes Turned After Bankruptcy

          Chrysler Group’s Fortunes Turned After Bankruptcy

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          Almost 3 years back Chrysler LLC and Fiat S.P.A. formed an alliance that wasn’t announced formally till Chrysler declared bankruptcy. Fiat eventually purchased around 30% shares of the Chrysler Group. Though they wanted to buy 51% stock, this wasn’t possible since Chrysler owed the U.S. Government debts which needed to be repaid before the purchase could happen. Despite their sticky situation, Los Angeles based bankruptcy law firm Recovery Law Group says, the Chrysler Group reported a profit of $183 million which is a dramatic improvement from their $652 million loss incurred during 2010.

          Though, they have made certain progress, being able to reach the top position again will require time and continuous efforts. This is an inspiration to many people who have had to choose bankruptcy to get rid of debts. If a big business such as Chrysler Group can turn the tide and become a profitable venture after bankruptcy, so can you. To know more, you can call 888-297-6023 and to get a free consultation 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.

          • Keeping The Car Is Easy In Bankruptcy, Motorcycles Might Not Make The Cut Though

            Keeping The Car Is Easy In Bankruptcy, Motorcycles Might Not Make The Cut Though

            Call: 888-297-6203

            When you file for bankruptcy, you are allowed certain exemptions to protect a certain amount of property so that you can start your life afresh. Generally, any item which is deemed essential for the debtor and their family is protected from creditors. These exemptions include homestead, personal property, retirement accounts, etc. Lawyers of Dallas based bankruptcy law firm Recovery Law Group inform that different states have varied levels of exemptions. In Florida, bankruptcy filers can protect $1,000 in vehicle equity, while financed vehicles can be kept through a bankruptcy case.

            However, if you are trying to protect a luxury vehicle during bankruptcy proceedings, it won’t be possible. The rules change when the vehicle in concern has an unreasonably large amount of equity, protecting it under Chapter 7 bankruptcy is not possible. Reaffirming the debt for, say a Maserati, will be unreasonable in case of Chapter 7 bankruptcy. In the case of Chapter 13, you can keep high-value luxury vehicles, however, you need to undergo some tests:

            1. Feasibility Test – It is used to test whether the repayment plan submitted for approval is reasonable or not. if you are not earning enough to support the payment for a luxury vehicle, then the plan becomes unfeasible. For example; while earning $1,200 per month, you cannot be allowed to contribute $700 for the monthly payment of your luxury vehicle.
            2. The best interest of Creditor Test – Formally known as 11 U.S.C. § 1129(a)(7)(A)(ii), it requires that creditors get as much money in repayment as they would have got if the (protected) asset was liquidated in Chapter 7 bankruptcy. Thus, if you wish to keep a motorcycle, which otherwise you would not have been able to protect through exemptions, you would have to either hand it over to the bankruptcy trustee or pay an amount equivalent to its value to your unsecured creditors over the period of your repayment plan.

            Though it may feel you end up losing everything when you file for bankruptcy, there are ways in which you can protect your vehicles, even luxury ones like expensive cars and motorcycles. However, to do so, you might require the assistance of skilled lawyers. To discuss your case with experienced bankruptcy lawyers, you can call 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.

            • Origin of Bankruptcy

              Origin of Bankruptcy

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              Bankruptcy finds its origins in ancient text like Torah and Old Testament (Book of Deuteronomy, Chapter 15:1-2) and the Mosaic Law. As per the old story, all debts will be forgiven at the end of every seven years. The bankruptcy outlined by founding forefathers states the rights of individuals in courts. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group inform that even today, Chapter 7 bankruptcy discharge is given to debtors after the end of seven years only.

              According to text available in the ancient text, a person who is relieved of debt should be provided a fresh start. This is because getting rid of debts without providing for their immediate future would result in them incurring new debts for surviving. This resulted in providing exemptions which help protect some amount of property so that they can start their life afresh. Understanding bankruptcy is not as simple as it appears. You should seek consultation with experienced bankruptcy lawyers at 888-297-6023 if you are contemplating bankruptcy.


                *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 Refunds And Bankruptcy

                When you are struggling with debt, thinking straight is not expected. While filing for bankruptcy, hiring skilled bankruptcy lawyers can help you deal with any issues which arise, later on, say lawyers of Dallas based bankruptcy law firm Recovery Law Group. One of the most common problems people face is a failure to remember tax refunds while listing their assets in bankruptcy schedules. Just like any other asset, income tax refunds should also be treated similarly, except that they are held by the government. The bankruptcy trustee has to deal with the tax refund depending on the month you file for bankruptcy. If you file in May, the trustee might have an interest in 5/12 of the next year’s tax return.

                While filing for bankruptcy, a debtor can protect their assets with the help of federal or state bankruptcy exemptions. Through these exemptions, you can protect a certain amount of property. however, you need to mention them while filing bankruptcy papers. Any objections to the exemptions need to be addressed within 30 days of bankruptcy filing through a 341 meeting. There are different strategies when it comes to handling tax refunds. These include:

                • Waiting till you get a refund and then filing for bankruptcy.
                • Spending refund on essential expenses like grocery, utilities, etc. and filing for bankruptcy.
                • Adjust your deductions to reduce the refund amount to an insignificant number.
                • Use the amount to cover the bankruptcy trustee’s interest in next year’s return.

                In case the exemptions can be used to save more money elsewhere, debtors can let go of the tax refund too. If you have doubts about how to protect your tax refunds, you can speak with experienced 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.

                • Can You Convert Your Bankruptcy Chapter?

                  Call: 888-297-6203

                  If you thought handling debts were difficult, you have not looked at the documents required in bankruptcy. Los Angeles based bankruptcy law firm Recovery Law Group lawyers inform that there are four chapters under which individuals can file for bankruptcy. However, determining which chapter will work best for you is something you cannot decide. This is done by experienced bankruptcy lawyers. They ask you questions related to your debts, assets, etc. and depending on your answers, suggest the best chapter for filing for bankruptcy. Since every case is different, there is no fixed way to suggest the bankruptcy chapter.

                  Since facts in bankruptcy cases often change as per situation, the 11 U.S.C. §706 was created to assist individual bankruptcy filers. According to this provision, a debtor can convert their bankruptcy case to another chapter if the need arises. However, to do so, they need to pass the qualification test. In the case of Chapter 7, the debtor needs to pass the Means test while for Chapter 13; the debt limit should not cross the specified limit. To know more about your options during bankruptcy, you can call 888-297-6023 to discuss 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.

                  • Chapter 7 Bankruptcy Used by Former Adult Film Actress to Get Rid of Debts

                    Call: 888-297-6203

                    Bankruptcy can hit anyone, anytime and there are numerous examples of even the high and mighty falling into bad times leading to a bankruptcy filing by them. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group brought to attention the case of Patricia Kluge, an adult film star who got one of the largest divorce settlements when she divorced her husband of nine years. The annual interest rate on the settlement was calculated to be $1.6 million per week! However, in the past 22 years, the 1-billion-dollar settlement was blown away, leaving the actress with less than $2.6 million worth real estate and personal property.

                    When Mrs. Kluge and her husband filed for bankruptcy, they listed personal property worth $123,000 as an exemption. This included their wine collection worth $5,000 and their engagement/wedding ring set valued at $80,000. Incidentally, the state of Virginia allows unlimited exemption when it comes to wedding rings and bands. Considering that their annual income was reported at $188,376 a year, which is much higher than the state median, their being able to qualify for Chapter 7 bankruptcy might have required assistance from skilled lawyers. If you wish to have your debts cleared, you should hire experienced bankruptcy lawyers by calling 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.

                    • Chapter 7 Bankruptcy Filing of William Gary Busey

                      Call: 888-297-6203

                      On February 7, 2012, a famous actor of Malibu, California, William Gary Busey, had filed for a Chapter 7 bankruptcy. He had cited that he had assets of less than $50,000 and liabilities for more than $500,000.

                      Gary had claimed that he had snorted cocaine off with a straw of his dog, Chili, in 2008. Though such a history would have made an average citizen unemployable, Gary had still continued to make films. He had starred alongside Danny Glover and Mel Gibson in the original Lethal Weapon movie. His other famous titles include Piranha 3DD and Mansion of Blood. He was lucky enough to pull off an image of a “Vincent Price-Esq” for himself.

                      When Gary had filed for a Chapter 7 bankruptcy, his documents did not have his original signature. Moreover, he had filed a bare-bones petition. Thus, the court had to wait for him to submit his remaining paperwork. Though this might sound like a possibility of the submission of fraudulent papers, it was not the case, as many bankruptcy lawyers do without original signatures on the majority of the related papers.

                      If you are planning to file for a Chapter 7 bankruptcy, it will be better to hire an experienced bankruptcy attorney to counsel and guide you correctly throughout the process. You can contact the best bankruptcy lawyers of Los Angeles & Dallas, TX, at www.staging.recoverylawgroup.com or by calling 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.