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  • Warren Sapp, Former Tampa Bay Buccaneer Star Files for Bankruptcy

    Warren Sapp, Former Tampa Bay Buccaneer Star Files for Bankruptcy

    Call: 888-297-6203

    The former NFL star, Warren Sapp filed for bankruptcy in Florida Federal Bankruptcy Court. As per the Chapter 7 bankruptcy application filed by his lawyers, the player owed approximately $7 million in child support, alimony and to other creditors. The assets mentioned in the application include his collection of rings, watches, and Jordan athletic shoes. However, there was no mention of his Super Bowl ring and his national championship ring as he claimed both were lost. The current income of the star is listed at around $116,000.00. This includes a final payment of $45,000 from Showtime, an appearance fee earning him $48,000, and approximately $19,000 advance he got from a book. Warren is currently hired by the NFL Network as an analyst. The contract will end in August and any renewal of the contract is still unclear.

    Warren Sapp was a famous player for Tampa Bay Buccaneers as well as Oakland Raiders. With 13 years in NFL, he had earned a sizeable income. Yet, despite the income, the debts could not be paid off and as a result, he was forced to file for bankruptcy. Dallas based bankruptcy law firm Recovery Law Group says that such a situation is not uncommon and can happen with even the best of people. In fact, Sapp is not the 1st athlete to have filed for bankruptcy. Many professional athletes and big businessmen and women have struggled to manage their finances and as a result had to file for bankruptcy. Unless money is managed properly, even rich people can end up being broke.

    If you find yourself in a situation where paying your debts is not possible, filing for bankruptcy can be a good way to get rid of your debts. You might need the assistance of experienced lawyers. Call 888-297-6023 to discuss your case with experienced bankruptcy lawyers and find 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.

    • Know About Payday Loans During Bankruptcy

      Know About Payday Loans During Bankruptcy

      Call: 888-297-6203

      If you are worried about the inclusion of your payday loans in bankruptcy, you need to consult experienced bankruptcy lawyers at 888-297-6023 as there is no specific rule regarding their inclusion and discharge. A payday loan is when an individual ask for a loan from an institution which is repaid through a portion of their next paycheque. To avail this kind of loan, a paycheque stub is required to show that you can pay back the loan. As and when you receive your pay, you are required to pay the loan company. Generally, these companies take PDC (Post-dated cheques) or opt for an automatic debit from your account.

      One of the most important question that is asked from lawyers of Dallas based bankruptcy law firm Recovery Law Group is whether payday loan can be discharged in bankruptcy or not. This depends on several factors including when was the loan taken. If the loan was taken just a few days prior to filing for bankruptcy, it can be assumed that the debtor was trying to defraud the creditor. In such case, the loan is not discharged unless the intention of the debtor could be proved. The best situation in this case would be to show good faith and try to repay the said loan before filing bankruptcy papers. If the payday loan included in bankruptcy is found to be obtained for defrauding the creditor, the loan is not dischargeable, and the debtor will have to pay the loan.

      Sometimes, payday loans are considered illegal. This happens when they are charging too much interest over a specified period (generally, 1 year). Many times, companies charge 20% interest rate for a loan offered for 2 months and calculate the interest percent for the 2-month duration. When calculated for an entire year, the loan amount repaid over 1-year period would be in the range of more than 200%! Such high interest might be the reason for bankruptcy. In such cases, there is possibility of the court siding with you if you can prove the situation has been unfair. Thus, if your intentions are clear and there is no way that fraud has been proved, you might be able to get your payday loan discharged in 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.

      • Can Second Mortgages be Stripped in Chapter 7 Bankruptcy?

        Can Second Mortgages be Stripped in Chapter 7 Bankruptcy?

        Call: 888-297-6203

        As per the latest ruling by the Eleventh Circuit Court of Appeals, second mortgages can be stripped off in a Chapter 7 bankruptcy case. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group say, this means that if the amount on 1st mortgage is more than the current market value of the home, the 2nd mortgage is considered as good as unsecured and therefore can be discharged as other unsecured debts are discharged in a chapter 7 bankruptcy. Earlier, this discharging of second mortgage was possible only in case of Chapter 13 bankruptcy cases as 11 USC §506(d) did not apply in case of Chapter 7 cases. The ruling of Supreme Court was modified by the Court of Appeals as despite Supreme Court saying that §506 didn’t apply in Chapter 7 in case of partially secured “cram down” of any bankruptcy filer’s main residential property, this opinion of Supreme Court does not mention any other ways in which it could be applied in a Chapter 7 case.

        Sooner or later, a petition will be filed in the Supreme Court regarding whether the statute of discharging second mortgages in case of primary mortgage being higher than current market value of property can be applied in case of Chapter 7 bankruptcy case. However, till this happens, people can protect themselves by getting rid of additional loans. In case you need assistance from best legal minds, you can call 888-297-6023 to discuss your case 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.

        • You May Take Help From Your Bank For Your Bankruptcy

          You May Take Help From Your Bank For Your Bankruptcy

          Call: 888-297-6203

          Tough times had fallen upon most of the United States and Florida was no exception. People were hardly filing for bankruptcy and it was not because they did not need it any longer, but it was because they could not afford the cost of filing any longer.

          Generally, filing a Chapter 7 bankruptcy costs around $1,500 which must be paid before the filing. Many people are struggling with their financial situations, and thus lawyers are coming up with creative ways for their clients to pay the fees.

          Debtors with equity in their home are rare to find these days. However, we can easily find debtors who have vehicle equity. Due to high rates of interest and low pay-off amount, debtors frequently pay off their car note early, often with an excess of $2,000 of car equity.

          There are many lenders who are ready to loan money to debtors on such cars with equity, but the debtor will have to give them interest of security in the vehicle. This will assure the lenders that despite the debtor having a poor credit, they will be able to use the collateral to recover their investment in case the debtor fails to repay. The debtor will also be able to pay the lawyer’s fees and file for bankruptcy using the loan money.

          However, this method is scrutinised. The bankruptcy court considers every appearing transaction suspiciously to make the property uncollectable, which would have otherwise been collected by the creditors. For example, in case of this transaction, equity of $2,000 would be removed from the estate of the bankrupt person. This will be appropriate to do, only if the person gone bankrupt has property exemptions sufficient enough to allow them to keep the full car value before the loan. As long as this is fulfilled, there will be no complications in the transfer.

          If you have any queries about affording a bankruptcy, visit Recovery Law Group 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.

          • Child Support in Bankruptcy

            Child Support in Bankruptcy

            Call: 888-297-6203

            Automatic Stay is one of the most powerful effects of bankruptcy filing. It has the power of stopping the lenders from pestering and making collection attempts from the debtor. However, there are some circumstances in which an automatic stay might be unable to prevent continuation of other court proceedings, at least partly.

            One of such circumstances arise in family law cases which involve custody and child support. Generally, an Automatic Stay does not work in proceedings related to present payment of child support or visitation. This means that such proceedings will continue despite the filing for bankruptcy by the debtor. However, an automatic stay might work in cases involving due child support of the past. In this case, the proceedings will continue after the conclusion of the bankruptcy case or if the bankruptcy court issues an order to lift off the stay. Sometimes, in such cases, the family law judges don’t even consider such issues at all, including current visitation and child support obligations, until automatic stay is lifted.

            It is important for debtors to understand that despite an automatic stay they will have to continue to fulfill their obligation of paying the child support or alimony that they have been ordered to do, even after a bankruptcy filing.

            In rare cases, a bankruptcy judge might conclude that an alimony award was simply done to fulfill the purpose of property division and is not an actual ‘support’. Moreover, in an attempt to find a way to get the obligation discharge in bankruptcy, it was referred to as ‘alimony’ in the decree of divorce. In such cases, the debtor might get a discharge of the alimony award along with the rest of the unsecured debts.

            For better counselling and guidance about bankruptcy, it is important to consult experienced bankruptcy attorneys. You contact the best bankruptcy attorneys of 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.

            • Ways To Deal With Your Car In Bankruptcy

              Ways To Deal With Your Car In Bankruptcy

              Call: 888-297-6203

              It is possible to save your car by filing for Chapter 7 bankruptcy but only under certain circumstances. In a Chapter 7 bankruptcy, there are only three options available to debtors in order to decide what they want to do with their personal property which is covered under a lien. Once you make up your mind under the guidance of your bankruptcy lawyer, the lawyer will file for ‘Statement of Intention’ in the bankruptcy court which will tell everyone your intentions regarding your secured collateral.

              The following can be your options:

              1. Surrendering

              Surrendering your property to a car lender to completely satisfy the debt can be your first option. Normally, if your debt is $10,000 on a repossessed car, and the lender is able to incur only $7000 for it at an auction, the car lender can come after you for the remaining $3000 that you owe. However, in a chapter 7 bankruptcy, your personal liabilities on your debts are wiped out, and thus the lender cannot sue you for the deficiency.

              1. Reaffirm

              Another way to keep your car safe in a Chapter 7 bankruptcy is the reaffirmation of the underlying note. A reaffirmation agreement is voluntarily signed between a creditor and a debtor and states that the underlying note cannot be discharged in bankruptcy. This means that you are agreeing on the survival of your debt obligation even in bankruptcy. Thus, if you fail to repay the debt even after three months of receiving your discharge order, the creditor can sue you for the difference in money that you owe and that the car sells for.

              1. Repurchase

              One more way to keep your car with you is to pay the fair market value of the car to the lender in lump sum cash. If the worth of your car is $6000 and you owe $10,000 on it, make the complete payment of $6000 in cash to your lender.

              It is always better to consult a bankruptcy lawyer before making any decisions regarding bankruptcy. You can contact The Recovery Law Group, the best bankruptcy attorneys of Los Angeles & Dallas, TX, by visiting www.staging.recoverylawgroup.com or calling at 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.

              • Re-Filing For Bankruptcy

                Call: 888-297-6203

                If you have been bankrupt in the past and have also fall victim to the headlong fall in the economy, you might probably be thinking about the number of times a person can file for bankruptcy. Receiving a discharge in the most recent bankruptcy and kind of bankruptcy that was filed, will determine whether a person will be allowed to re-file a bankruptcy or not.

                You can file for bankruptcy as many times as you want, but there is a limit on how frequently you can file for it. Once you have received a discharge in a Chapter 13 bankruptcy, you cannot file for a Chapter 7 bankruptcy unless the following conditions are fulfilled:

                • It’s been six years since you have received a discharge in your Chapter 13 bankruptcy case.
                • At least 70% of the unsecured claims of your Chapter 13 case have been paid by you and the plan reflected the best efforts to pay made by you.

                In case of a Chapter 7 bankruptcy, you cannot file for it again before 8 years from the date you received a discharge in your previous Chapter 7 filing.

                If your previous Chapter 7 or Chapter 13 case got dismissed and you did not receive a discharge because of your failure to obey the orders of the court or because of your request for a dismissal, you can again file for a discharge under a Chapter 7 bankruptcy after 180 days from the dismissal of your previous filing.

                Thus, there is no limit to the number of times you can re-file a bankruptcy, provided you follow the above mentioned time restrictions. But it is always smart to consult and take guidance from a competent bankruptcy attorney before again and again filing for bankruptcy. To contact the best bankruptcy attorneys of Los Angeles & Dallas, TX, visit Recovery Law Group 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 Being A Co-Signer Or Co-Debtor Be Harmful For You?

                  Can Being A Co-Signer Or Co-Debtor Be Harmful For You?

                  Call: 888-297-6203

                  If you do not have a good credit score, getting mortgage or automobile loan might be difficult unless you have a co-signer for your loan who has a good credit score. However, a co-signer is equally liable for the debt as is the primary debtor, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. This can be detrimental for the co-signer, especially if the debtor ends up filing for bankruptcy. This occurs in case of job loss or divorce. In case, the co-signer is the spouse, they will be required to pay for the debt. This might result in both going underwater which results in bankruptcy filing for them. Hence, in case of debtor’s bankruptcy filing, the co-signers are sent a special notice to inform them.

                  When a debtor files for bankruptcy, the co-signer can continue making payments on the loan. This would be essential to maintain their own credit report. This is often seen in case of student loan, where the loan is co-signed by parents. If the student fails to secure employment, the parents will be held responsible for the same and would need to clear the debt. In case you have co-signed a loan or are a co-debtor for one and bankruptcy is on the cards for either you or the other debtor, it is important that you consult with bankruptcy attorneys at 888-297-6023 to know your options.


                    *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.

                  • Is Bankruptcy The Right Option For You?

                    Call: 888-297-6203

                    Are you getting affected by these difficult financial times? Are you finding it tough to find ways to pay the piled up bills? Is your home under the threat of a foreclosure? Are you troubled by the burden of your debts? If your answer to any of these questions is in affirmation, bankruptcy might be the right option for you. However, it is better to consult bankruptcy attorneys before making any decision. You can contact the Recovery Law Group at www.staging.recoverylawgroup.com or call on 888-297-6203.

                    A bankruptcy attorney can analyse your financial documents and then make an educated and a calculated decision about the chapter of bankruptcy that you should file for according to your current needs.

                    There are four chapters of bankruptcy available. Many people already know about the Chapter 7 and Chapter 13 bankruptcies, but few know about Chapter 11 and Chapter 12 bankruptcies. Given below is a brief summary of each bankruptcy chapter. Then armed with the information and the attorney’s consultation, you can make the best and productive decision for yourself.

                    Chapter 7 Bankruptcy

                    • Your debt is subjected to liquidation.
                    • Elimination of all the unsecured debt
                    • Permission to retain only the exempt property (unless there is an availability of buyback)

                    Chapter 13 Bankruptcy

                    • Reorganising your debt
                    • Full or partial repayment plan for a period of 3-5 years
                    • Permission to keep more properties than in a Chapter 7 bankruptcy

                    Chapter 11 Bankruptcy

                    • Reorganising your debt
                    • Normally done after the debt exceeds $1 million
                    • Majority votes of the creditors approve the repayment plan

                    Chapter 12 Bankruptcy

                    • Reorganising your debt
                    • It is limited to fishermen and farmers and 51% of debt should be related to fishing or farming.
                    • Similarities with Chapter 13

                    This is just a glimpse of each chapter of bankruptcy, and so it is necessary to have a detailed information and discussion about each chapter of bankruptcy without making any decision.


                      *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.

                    • Which Chapter Bankruptcy is Best For You?

                      Which Chapter Bankruptcy is Best For You?

                      Call: 888-297-6203

                      An excellent source of reliable information about bankruptcy filing is the Federal government. The official website of the federal courts, www.USCourts.gov, has all the basic necessary information about bankruptcy. The website has all the information like what is bankruptcy, which chapter is right for you, and how to successfully file for bankruptcy. Despite this website, it is best to consult an experienced bankruptcy attorney, like The Recovery Law Group, before the filing. You can visit www.staging.recoverylawgroup.com or call on 888-297-6203.

                      The Bankruptcy Code (Title 11 of the United States Code) mentions six different kinds of bankruptcy. Out of the six kinds, Chapter 7 and Chapter 13 are the most popular kinds of bankruptcy. Chapter 7 is a liquidation bankruptcy. In this bankruptcy, the possession and control of the filer’s assets and properties lies in the hands of the bankruptcy trustee, who then sells those assets to repay the creditors. However, the exempt property does not become the bankruptcy estate’s property.

                      A Chapter 9 bankruptcy allows reorganization for municipalities like towns and cities. It is similar to Chapter 11 except that it is meant for government entities. A Chapter 11 bankruptcy allows a business entity or some individuals to repay the debts without giving up the business. The court approves the reorganization plan which gives a guarantee to the creditors of the repayment of the owed debts, while the business is still in operation. Many major US companies, like General Motors, have been Chapter 11 filers.

                      Chapter 12 and Chapter 13 bankruptcies allow relief from debts to regular income workers. A Chapter 12 bankruptcy is meant for the fishermen and the farmers, whereas a Chapter 13 bankruptcy is reserved for all the other kinds of employment. In these bankruptcies, the debtors are allowed to repay their debts according to a repayment plan over a specific extended period of time, without losing their entire estate to the trustee. Lastly, a Chapter 15 bankruptcy deals with cross-border cases. It deals with the properties of the debtors which are located in a foreign country.


                        *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.