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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, [...]

2019-11-08T07:17:55+00:00

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 [...]

2019-11-08T07:15:59+00:00

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 [...]

2019-11-08T07:09:24+00:00

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 [...]

2019-11-08T06:58:37+00:00

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 [...]

2019-11-08T06:56:16+00:00

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: Surrendering Surrendering your property to [...]

2019-11-06T10:26:44+00:00

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 [...]

2019-11-06T10:23:18+00:00

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 [...]

2019-11-06T10:21:51+00:00

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 [...]

2019-11-06T10:25:28+00:00

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. [...]

2019-11-06T10:13:27+00:00
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