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Call: 888-297-6203 It can be scary to file for bankruptcy. There are many true and not-so-true rumors about bankruptcy. People filing for bankruptcy fear for the loss of privacy the most. They don’t want the court people to visit their house or snoop through their belongings and they don’t want people, in general, to know about their bankruptcy filing. All your belongings become a part of the bankruptcy estate as soon as the filing for bankruptcy is done. The court appoints a trustee, who sifts through your listed property and judges its reliability. The estate is administered by [...]

Call: 888-297-6203 One of the most common question people ask bankruptcy lawyers is what happens if you marry someone who has filed for bankruptcy. Many prospective clients have asked Los Angeles based bankruptcy law firm Recovery Law Group lawyers, whether their spouse’s bankruptcy can affect their credit score or their ability to borrow money. Generally, a bankruptcy filed by your fiancé in the past is not going to affect your credit score (either current or future). Your credit history is not affected by your marriage, in fact, marriage often leads to an increase in the joint credit of [...]

Call: 888-297-6203 Filing for bankruptcy requires you to list all your assets and liabilities on your bankruptcy schedule. This is used to determine which of your assets can be exempted and can be kept by you during bankruptcy proceedings and which will be liquidated by the bankruptcy trustee to pay your creditors. To keep any property, you need to specify it in your bankruptcy schedule by providing the exemption provision you are using to protect it, say Los Angeles based bankruptcy law firm Recovery Law Group lawyers. Many times, people are either unaware or forget what an asset [...]

Call: 888-297-6203 If you are struggling with debts and are unable to pay off your creditors, bankruptcy might be a great way out. However, you might need to gather information about the same, since people are generally unaware about it. You will be surprised, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group to find that federal government informs you of necessary bankruptcy related information on its official website USCourts.gov. however, it is always important to hire experienced bankruptcy lawyers if you wish to get rid of your debts through bankruptcy. Though all information related [...]