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Category: After Bankruptcy

  • Is It Difficult to Get an Apartment on Rent After Bankruptcy?

    Is It Difficult to Get an Apartment on Rent After Bankruptcy?

    Call: 888-297-6203

    Starting life afresh after bankruptcy might be a bumpy road but nothing compared to what you probably had been enduring for a long time before choosing bankruptcy as your way out of the financial mess. Getting an apartment on rent might be slightly difficult though not impossible for someone who has just come out of bankruptcy. Though potential landlords might take into account the fact that you had previously filed for bankruptcy, Los Angeles based bankruptcy law firm https://www.staging.recoverylawgroup.com/ informs that there are other factors that are taken into consideration. These include:

    • Disposable income

    When you get a bankruptcy discharge, the debt to income ratio changes making more disposable income available for you. This is probably the reason why just after bankruptcy discharge you get many new offers for credit cards. Similarly, if potential landlords find there is substantial disposable income at hand, then bankruptcy won’t matter.

    • Previous rental history

    A good rental history can swing the vote in your favor despite you have filed for bankruptcy. If you always paid your rent on time and never broke your lease agreement previously then bankruptcy might be a deterrent for you.

    • Employment history

    Your current employment, whether temporary or permanent as well as your employment history, is considered by most landlords when it comes to letting an apartment for rent!

    • Reason for a bankruptcy filing

    Many times, unforeseen circumstances can lead to people accumulating huge amounts of debts. Divorce, sudden medical expenses, loss of a job, etc. can lead to huge amounts of debts with bankruptcy as the only way out. Telling prospective landlords, the reason for your financial distress might work in your favor, especially if you can assure them that bankruptcy won’t affect your ability to pay the rent.

    Your credit report provides an insight into the way you have been handling your finances after your bankruptcy filing. All details regarding your bankruptcy can be assessed through it. Since bankruptcy can play an important role in various aspects of your life, it is important to consider it seriously. Consulting an experienced bankruptcy attorney is advised for a bankruptcy discharge. You can call 888-297-6023 to discuss your case with the best 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.

    • Recover from the Setback of Bankruptcy and Lead a Successful Life

      Recover from the Setback of Bankruptcy and Lead a Successful Life

      Call: 888-297-6203

      Failures are a stepping stone to success. The adage could be used for life after bankruptcy too. Despite the ill-conceived notions people have about bankruptcy, it is not the end of the world. In fact, bankruptcy is one of the best ways to get rid of bad financial decisions or bad luck that have held you back from achieving a lot in life. Lawyers of Dallas based bankruptcy law firm https://www.staging.recoverylawgroup.com/ suggest that the best way forward after getting your bankruptcy discharge is to learn from past mistakes. You can lead a successful life even after bankruptcy if you follow these tips:

      • Learn from past mistakes

      Something somewhere went wrong. It is time to remember what mistakes you made which drove you towards bankruptcy and avoid making them a second time. Though it is not essential to beat yourself up for what you had to go through, as unfortunate circumstances could also have added to your misery, it is important that you avoid falling into the same trap again.

      • Plan your budget

      It is important for people to live according to a budget, not just after coming out of bankruptcy, but also as a rule. This way, they can end up saving quite a bit of money for rainy days and avoid bankruptcy.

      • Strive hard to achieve your goals

      Yearning for more is a desire that can make you succeed in life. However, it could also throw you under debt if you don’t manage your finances properly. It is therefore important to set realistic goals and work towards achieving them without adding to debts.

      • Make continuous efforts to improve your credit

      Re-establishing credit after bankruptcy may take time and continuous effort on your part. Initially, you might find it difficult to get an unsecured credit card. You could opt for a secured credit card and use it to pay for utilities, groceries, etc. However, set a limit to the card and ensure that you pay monthly bills on time. this goes a long way to build your credit score, which ultimately results in you getting more favorable terms on subsequent credit cards. You might even get a mortgage or car loan at a reasonable interest rate before 7-10 years.

      • Staying positive

      Losing your morale when everything is going against you is quite easy. however, you need to stay focused if you want to get through this. You must realize that bankruptcy will wipe out your bad debts and give you a fresh financial start. A change in your attitude will make you determined enough to succeed the second time.

      Bankruptcy has turned the fortunes of many people. You too could take charge of your finances and script a success story. Discuss your case with experienced bankruptcy attorneys at 888-297-6023 to know how fast you can recover after 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.

      • How Easy is it To Purchase a Home After Bankruptcy?

        How Easy is it To Purchase a Home After Bankruptcy?

        Though it is an excellent way to get rid of unsurmountable debts, bankruptcy has its downside too. Your credit report can remain affected by your bankruptcy for a long time. Bankruptcy remains on your credit record for a duration of 7 years in case of Chapter 13 bankruptcy and 10 years in case of Chapter 7 bankruptcy. This has a detrimental effect on your ability to get credit in the future. Though you may find it difficult to purchase a home after bankruptcy, lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, say, it is not impossible. Certain steps in the right direction can help you realize your goal.

        • Assess your financial situation

        If you want to buy a house, it is important that you avoid making the same mistakes over and over. It is therefore important to assess your financial situation before making any decision. You need to build your credit standing after bankruptcy and taking stock of your finances is where you should start with.

        • Live according to a budget

        Spending more than you can afford to lead you to file for bankruptcy. If you wish to avoid the situation, you need to be careful with your money. Plan your monthly expenses and stick to that budget. This will allow you to build a capital in a substantial amount of time.

        • Get a credit card

        Surprisingly, the best way to rebuild credit is through a credit card! Getting one at your terms might be difficult, especially if you are fresh out of bankruptcy. You can start with a secured credit card which will help in rebuilding your credit. Over a period, you might get a regular credit card at a reasonable interest rate which will help you get a mortgage on the home.

        Though buying a home after bankruptcy is not easy, however, it is not unachievable too. With these tips, you will be able to improve your credit rating enough to get you a mortgage. To help with your bankruptcy, you can consult with expert bankruptcy lawyers Los Angeles 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.

        • How to Improve Your Credit After Bankruptcy Filing?

          How to Improve Your Credit After Bankruptcy Filing?

          Call: 888-297-6203

          Though bankruptcy is dreaded, it might be the best thing to happen to you. Many times, people need a reality check to get hold of their finances. Bankruptcy wakes them up like anything and makes them more responsible financially. Though it affects your credit history and can tank your credit scores, bankruptcy stays on your credit report for a maximum duration of ten years. Credit building efforts can start from the day you get your bankruptcy discharge which is 3-6 months from the filing date in case of Chapter 7 bankruptcy and 3-5 years in case of Chapter 13. Lawyers of Dallas based bankruptcy law firm Recovery Law Group, suggests the following ways to rebuild your credit after bankruptcy:

          • Keeping credit report updated. Bankruptcy results in the discharge of your debts. Having the debts discharged is better than having delinquent accounts on your credit report. You should ensure that the information available on your credit report is accurate and regularly updated. This goes a long way in building positive credit.
          • Paying debts which weren’t discharged in bankruptcy. Many debts like student loan etc. survive bankruptcy. Making payments against those debts will show that you have reformed.
          • Avoid being scammed. Bankruptcy remains on your credit report for 7 years (Chapter 13) or 10 years (Chapter 7). Anyone who says they can get it removed is lying. You should steer clear of such people if you wish to hold on to any money you have.
          • Stay within budget. Credit counseling is a mandatory part of your bankruptcy as it teaches you to balance your money. You should avoid getting in debt just after bankruptcy to improve your credit.
          • Get a new credit card. Though it may sound oxymoronic, a credit card is the best way to build credit. Establishing that you are a responsible user who can make payments on time will result in building your credit. However, people may find it difficult to get an unsecured credit card, fresh out of bankruptcy. In this case, opt for a secured credit card.
          • Take a loan. Once you have made efforts for a couple of years following the above points, you might be able to secure a car loan. Making regular and timely payments on the same can go a long way to prove that you have changed your ways and are reliable to get mortgage loan too.
          • Go slow. Doing too much at the same time can not only be overwhelming but might also cause you to make a mistake which might prove costly. Take time and work out slowly to repair your credit.

          Despite what you think or feel, bankruptcy is not the end of your life. You can rebuild your life after bankruptcy, all you need is time, patience and continuous effort. In case you are considering bankruptcy to get rid of your debts, you can call experienced bankruptcy lawyers Dallas 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.

          • Recovering from Bankruptcy is Easy If You Follow These Steps

            Recovering from Bankruptcy is Easy If You Follow These Steps

            Filing for bankruptcy is quite emotionally draining. You might feel that you have let yourself and your loved ones down. However, it is important to net let this temporary setback ruin the rest of your life. Nothing is permanent, even the ill effects of bankruptcy. it is important that you take note of what led to your financial downfall. Having an expert bankruptcy attorney can, not just help you recover from bankruptcy but can also be your guiding light towards a fresh start, suggest lawyers of Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/. If you wish to make a splendid recovery after bankruptcy, it important that you follow the following steps:

            1. Find your mistakes

            Bankruptcy is a decision that is taken generally when people have run out of options. However, what led you to accumulate a huge amount of debts is important. Many times, sudden loss of a job or unexpected huge medical bills can send anyone on the road to bankruptcy. If, however, huge spending on luxury items or any other reckless expenditure is the reason behind you filing for bankruptcy you need to seek professional assistance such as credit counseling.

            1. Ask professional assistance

            A financial consultant can help determine where exactly you went wrong with your finances. They can also help guide you by helping plan your finances in order to establish financial stability. credit counseling is a mandatory part of filing for bankruptcy. you need to complete the course during the course of your bankruptcy and can seek professional assistance even after bankruptcy to improve your finances.

            1. Set goals

            Bankruptcy can be emotionally draining; however, you get a chance to start your life afresh. It is important that you have a vision for what you wish to achieve after getting through bankruptcy. You could start with something simple yet significant such as rebuilding a healthy credit score. Your financial consultant can help you with this.

            1. Avoid new debts

            Though it may seem contradictory, to rebuild your credit score, you need to get a credit card. Unfortunately, credit cards are what got you into the big financial mess. Thus, in order to avoid falling into the vicious cycle of debts and bankruptcy, you need to either opt for a secure credit card or a bank or debit card. make regular and on-time payments on them void to avoid falling into debt. before making any purchase, contemplate whether it is essential or not. This will help reduce your habit of getting into debt for unnecessary expenditure.

            1. Steer clear of financial predators

            Once your bankruptcy becomes public record, you will be inundated with numerous offers providing you with chances of improving your finances. However, these companies are seeking to take advantage of your situation and will rob you off whatever meager amount of money you are left with.

            It is important to seek professional assistance from expert bankruptcy lawyers at 888-297-6023 to ensure your road to financial recovery is not hindered.


              *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.

            • How to Get Back After Bankruptcy?

              How to Get Back After Bankruptcy?

              Bankruptcy is a tiring times for people. Even after getting a discharge in their bankruptcy case, it is difficult for people to bounce back from it. Your credit ratings get hit and you might feel down and low. However, Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/ lawyers say that with hard work and time, you can recover from the hit bankruptcy takes on your life. For a better analysis of your situation, you can contact expert bankruptcy lawyers at 888-297-6023.

              • Though filing for bankruptcy is tough, it is important to take stock of the situations which led to your end up filing for bankruptcy. Though reliving the past is not recommended, it is important that you learn from your mistakes. take counseling sessions to improve your financial management skills in order to avoid falling into a similar situation again.
              • You need to set a goal for yourself if you wish to recover from bankruptcy in Los Angeles. You can start with something simple like getting a healthy credit score. Managing your money properly, living within your means and avoiding unnecessary expenditure can go a long way to help you get back on your feet. Seeking assistance for achieving your goals can ensure that you don’t fall off the track.
              • Accumulated debts over a period are the reason why you end up being bankrupt. recovering from bankruptcy can go smoothly if you are able to avoid debts. Though getting a credit card is a great way to improve your credit rating, opt for a secured one. Ensure that use it for essential expenditures only such as utilities and make a payment on time. Alternately, you could use your bank debit cards for any transaction.
              • At any cost, avoid making huge purchases like a car or home, unless they are essential. Since you will be using credit cards for paying for these assets, you will end up accumulating debt which will lead you towards bankruptcy. Avoid using credit cards if possible and live a simple life until you bounce back.
              • When you file for bankruptcy, you are often flooded with offers from companies which offer you a loan to help repay your debt. However, it is important to steer clear of such companies as you will get yourself out of the frying pan into the fire. You might end up losing whatever assets or money you have.
              • Seeking professional assistance is essential if you wish to recover from the shock of bankruptcy. Seek the counsel of established and trusted financial advisors to avoid making any mistake which might result 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.

              • How to Get Mortgage Post-Bankruptcy? – Read This Guide

                How to Get Mortgage Post-Bankruptcy? – Read This Guide

                Many people think that life after bankruptcy is like living in hell. However, this is just a myth. If you act wisely and take the right decisions, your life after bankruptcy can be quite smooth and back on track. You can also get a mortgage to build your own house but it takes about 2- 3 years for this to happen. Since the present day price of houses is quite huge, hence it is very obvious for the lenders to be much more cautious before lending. Thus, to get a mortgage post-bankruptcy needs proper guidance and planning. This article aims at giving you a brief description on how to get a mortgage after coming out of bankruptcy phase and the impact this phase has on your credit status. For a detailed expert guidance and assistance, you can also visit Recovery Law Group or give a call at 888-297-6203.

                What is the impact of bankruptcy on credit score and mortgage lending?

                The first thing that you need to consider before going to buy a new house is the status of your credit. The most commonly adopted credit score by money lenders is the FICO score. Different lenders follow different requirements and credit score based criterion. Generally, any person who has a credit score of 650 or above is eligible to get a mortgage and for those having a credit score below 650, it might be a tedious task to get a mortgage after bankruptcy. Moreover, if you are one of those who want a mortgage with a better price, then you must maintain a credit score of 700 and above.

                If you do not want to face the tedious requirements of the money lenders, you can opt for FHA (Federal Housing Administration) loans as they offer a down payment option of 3.5% at a credit score of 580 and another down payment option of 20% at a credit score of 540.

                It is vital to note that if your bankruptcy is filed under chapter 13 then it will show up on the credit report until next 10 years but if you filed it under chapter 7 then it gets off just after your filing.

                Various factors considered by the lender before giving mortgage:

                Most of the money lenders follow the FICO formula that considers the below-mentioned factors with decreasing priority order:

                1. Your payment history depicts your ability to pay on time or not. It accounts for about 35% of the total FICO score.
                2. The number and amount of credit you owe to every line of credit holds about 30% of the total FICO score.
                3. The number of your recently started credit accounts.
                4. The various types of credits that you are presently using which may include credit cards, installment loans, etc.

                Apart from the above-mentioned factors that are considered for calculation of the FICO score, there are various other factors also that a money lender takes into consideration before making up his mind to give you a mortgage. Some of the most common factors are enlisted below:

                1. History of any bounced checks
                2. The balance of your bank accounts
                3. The kind of job (a stable job is more preferred)
                4. Whether you have any retirement plans or not?
                5. The debt to income ratio must be good

                The time period required before applying for a mortgage?

                Generally, one has to wait for about 2 years post bankruptcy for applying to get a mortgage. For people who file their bankruptcy under chapter 7 are provided insured mortgages by FHA after 2 years of discharge of their bankruptcy. You can also get a mortgage even before the term of 2 years; however, the interest rates will be larger. Hence it is advisable to wait for at least 2 years duration to get a mortgage at pocket-friendly interest.

                How to get better credit scores:

                Following are the ways by which you can get improved credit scores. These methods are applicable whether or not the bankruptcy shows up on your credit report.

                1. Get a credit card that is secured- this is a counter-intuitive way of improving your credit score. You can take loans and credits from the bank and then repay them in the specified time limit. Doing this will improve your FHA score and liability. It will take some efforts to get a secured credit card post-bankruptcy, but you must not give up easily. However, do not apply for too many of them as doing will increase the financial burden on you.
                2. Try to take up a loan that needs repayments in installments- there are various loans like the car loans and student loans which require the debtor to pay on a monthly basis in the form of installments. Such loans are termed as installment loans. You can take such a loan and then make timely payments to improve your credit score.
                3. Rebuilding the credit report- three of the major credit agencies whose report you must check are Trans Union, Equifax, and It is a very important step after the bankruptcy is discharged so as to rectify if any paid debts are stilling being shown on your credit report. In case of any discrepancy, consult the respective agency and get your credit report correct and updated.
                4. Using rent for payments- using the rent for making payments can be a smart way of getting out of your debts. You must get these rent payments included in your credit report to increase your credit score. For this, you can either contact your property manager if he/ she is cooperative or else you can contact the agencies that report credit to supply your rent payment details to the credit score issuing agencies.

                Lastly, you must have a logical and realistic plan before applying for a mortgage. This is important to avoid any further problems after the discharge of the bankruptcy. For proper planning, you can consult a good bankruptcy attorney who can sort out things for you.


                  *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 rebuilding of your credit post-bankruptcy

                  The rebuilding of your credit post-bankruptcy

                  The first step towards rebuilding of an individual’s credit worthiness post his bankruptcy case is to formalize an effective plan and strategy. It is very important to have a working and efficient plan as against the one that caused the downfall and landed you in bankruptcy. Though it is a big relief from all outstanding debts, the report of your bankruptcy filing is going to be impactful on your credit worthiness – at times for 10 years in cases of Chapter 7 filing.

                  The good news is that as the bankruptcy period ages, the impact of it on credit offers also reduces. Hence, regaining the trust of creditors is generally going to take some initial time. But it isn’t always the case. Let’s see the ways that can help restore the credit worthiness of you –

                  • If you have filed for Chapter 7 bankruptcy, it would take another 8 years for you to file another one. Hence it is a good opportunity to lenders to see you as potential customers who will take care of attending to your personal needs, take care of any further debts that you will be incurring and work on a diligent repayment model. As most of your outstanding debts would have been discharged with Chapter 7 filing, the risk associated in a debtor is minimal in an individual who has just completed a filing of Chapter 7 bankruptcy.
                  • Rebuild your credit worthiness by checking your credit score and dispute all false claims in it. If that isn’t the case, the Chapter 7 report will have a direct impact on your credit score and hence formalize a strategy to earn the trust of your creditors and work towards effective repayment options
                  • An effective way is to procure a secured loan – an example would be to borrow money against money that is already deposited with financial institutions such as banks or credit unions. Remember that this money will be inaccessible till you completely pay off the loan
                  • Another way is to borrow money that you already have such as releasing a loan into a savings account and accessing it only after paying out of certain amounts in a repayment model
                  • Secured cards also work similar to borrowing money that is already available as a deposit

                  These repayment schedules and the events are shared by banks/ credit unions to the credit bureaus and they reflect on your credit reports

                  • Get a co-signed card or a loan from any other individual who is willing to incur the risk on your behalf. It is one of the huge moves of favor and it will be very important that you stick to your schedules of payment & repayments – else they suffer when you default
                  • If an offer of credit, say a credit card of $500 limit is given, make efficient use of it and pay it on a monthly basis. Ensure that you keep the threshold at 30% of the card limit and it sure will help you to rebuild your credit after bankruptcy

                  Bankruptcy attorneys can be consulted for suggesting best strategies and for devising effective plans for the rebuilding of credit scores. Recovery Law Group houses well-experienced bank attorneys who can come to your rescue when you are looking for the option of rebuilding your financial status after a bankruptcy filing. They serve clients in Los Angeles and Dallas, TX areas.


                    *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.

                  • Excellent Tips for You After Bankruptcy

                    Excellent Tips for You After Bankruptcy

                    More often than not, circumstances cause people to take debts which they are unable to clear. Since debts keep on piling, the only solution to get respite from threats from creditors is filing for bankruptcy. Individuals, as well as business organizations going through a bad financial phase, get a new lease of life and a fresh financial start thanks to bankruptcy. However, bankruptcy lawyers of Sacramento based law firm Recovery Law Group suggest some tips for debtors to follow after their bankruptcy case are closed and all their debts discharged: (more…)

                  • Can People Flourish Even after Bankruptcy?

                    Can People Flourish Even after Bankruptcy?

                    One of the most common misconceptions about bankruptcy is that it finishes off a person’s finances completely. Nothing could be farther than truth as bankruptcy offers people to make a fresh start. Once a debtor has received a bankruptcy discharge, they can initiate the process of starting over. Unlike popular belief, a person can thrive well after the bankruptcy discharge. According to Los Angeles based law firm Recovery Law Group, these few steps can help rebuild your life after bankruptcy:
                    Make sure that you live well within your means. Though it may seem impossible in the beginning, you can form a budget and try to stick to it after your bankruptcy proceedings. This will ensure that you pay all your bills on time while managing cash flow well and also saving money to be used in an emergency situation.

                    Though getting credit is important to rebuild your credit history and score, it would be helpful, if you do not rely on credit. This is one of the surest ways to avoid running into financial trouble again. Use credit cards to pay for basic expenses only and pay cash for most of your expenses.

                    Get a secured credit card to rebuild your credit history and ensure that you make timely payments on it. An alternative way to rebuild your credit rating is to take a car loan or paying off any bills that exist after bankruptcy. Timely payments are reflected in the credit bureau and help rebuild your credit value.
                    Always read any credit contract before signing it. Signing for mortgages and credit card agreements which were not in your favor had led you previously down the bankruptcy road. Therefore, make yourself aware of credit and debt properly to avoid falling prey to lenders.


                      *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.