Bankruptcy

Credit Counselling or Bankruptcy? What Should You Choose?

Call: 888-297-6203 When it comes to debt relief, a number of options are available, say Los Angeles based bankruptcy law firm Recovery Law Group lawyers. People who are struggling with financial issues often have a problem trying to choose the best option. You will be surprised to know that there is no right choice when it comes to debt relief since every case is different. The debt relief option depends on the goal of the client. Credit counseling and bankruptcy are often the most sought-after options by debtors. Before deciding which option is better suited for you, it [...]

2019-10-04T12:56:23+00:00
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Can Bankruptcy be the Solution for Identity Theft Related Debts?

Call: 888-297-6203 Identity theft is a common issue across the country. People often face numerous issues because some obscure person managed to steal their identity. One of the worst problems is the amount of debt which identity thieves accumulate, which unfortunately gets reflected on your credit report. This can have grave consequences according to lawyers of Dallas based bankruptcy law firm Recovery Law Group. You might have to bear the brunt of aggressive debt collectors despite your repeated attempts to assure them of your innocence. How to deal with identity theft? Whenever you become aware of any identity [...]

2019-10-04T12:56:56+00:00
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Can Filing for Bankruptcy Affect You as a Renter?

Call: 888-297-6203 Bad things can happen to good people; however, this shouldn’t stop you from living your life. If due to some unfortunate streak of events, you end up accumulating a huge amount of debt, it should not hamper your chances of living a normal life. Many people are worried about the negative effect filing of a bankruptcy can have on their ability to get a house on rent. You can end up protecting your home in bankruptcy, but if bankruptcy appears on your credit report, will it create a problem for you as a renter? The answer, [...]

2019-10-04T12:57:07+00:00
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Information Essential for Filing of Bankruptcy

Once you have concluded that bankruptcy is probably the best way to get rid of your debts, it is time to consult an experienced bankruptcy lawyer. Most lawyers will ask you for a detailed account of your income, assets, and debts. This is because while filing for bankruptcy, you are required to disclose all this information as per Federal Law. For a person struggling with finances, reliving their failures can be quite overwhelming, however, this is something you cannot avoid if you wish to have your debts discharged. According to lawyers of Los Angeles based bankruptcy law firm [...]

2019-10-04T12:57:17+00:00
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An Increase Seen in Bankruptcy Filing in Elders

Call: 888-297-6203 When people are unable to repay their debts and find no other way out, they opt for bankruptcy. In recent years, there has been an increase in the number of elders filing for bankruptcy. compared to young filers, the number of senior citizens filing for bankruptcy has tripled in the past 25 years. According to Dallas based bankruptcy law firm Recovery Law Group, the reasons why bankruptcy filing has seen an increase in older debtors are: Higher healthcare costs With increasing age, health complications are bound to happen. Thanks to erratic lifestyle, diseases like diabetes, hypertension, [...]

2019-10-04T12:57:32+00:00
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Know More About Texas Bankruptcy Exemptions

Call: 888-297-6203 The worst fear people have about bankruptcy is losing all their assets to liquidation. You will be surprised to know that liquidation of assets is not as common as is believed. According to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, many states provide exemptions which can protect the majority of your assets from going under the hammer. Texas has amazingly generous bankruptcy exemptions that can protect more property than federal bankruptcy exemptions. The different categories of the exemption provided by Texas bankruptcy laws include: Homestead exemption One of the major concerns people [...]

2019-10-03T13:24:32+00:00
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These Questions About Bankruptcy Can Make You Understand it Better

Call: 888-297-6203 Bankruptcy can be quite specific and technical for a common person to understand. This has caused many problems as people fear the repercussions more than understanding the benefits it offers. You will be surprised to know that unlike other forms of debt relief, bankruptcy is quite simple. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, answer some of the prominent queries raised by people regarding bankruptcy. 1. Will I end up losing all my possessions? Liquidation of assets takes place in the case of Chapter 7 bankruptcy. In that case, too, most assets [...]

2019-10-03T13:08:37+00:00
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What Are the Most Common Questions People Ask About Bankruptcy?

Call: 888-297-6203 When you are left with no other option apart from bankruptcy, people are worried sick because of the myths surrounding bankruptcy. Since most of these myths are bogus, having no relation to the truth, it is important that you discuss this issue with people who are well versed with the facts. Discussing your worst fears about bankruptcy with able lawyers of Dallas based bankruptcy law firm Recovery Law Group, can open your eyes to the fact that bankruptcy can actually do you more good than you ever imagined. Here are some questions that can settle your [...]

2019-10-01T13:25:54+00:00
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Can Bankruptcy Help with Creditor’s Lawsuits Against You?

Call: 888-297-6203 When the going gets tough, managing your finances becomes extremely tricky. Sudden loss of job or medical problems can throw your household economy out of gear. Managing your debt payments may be problematic in such cases. It is no wonder that many people find themselves on the verge of bankruptcy. Despite its disadvantages, lawyers of Dallas based bankruptcy law firm Recovery Law Group say, filing for bankruptcy has many benefits including preventing any legal action against you. When you fall behind payments, creditors can pursue all kinds of actions to ensure they get their money back. [...]

2019-10-01T13:25:46+00:00
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How to Prevent Payday Loans Creditors Through Bankruptcy?

Call: 888-297-6203 When people have accumulated huge amounts of debts and run out of options to get cash, they resort to extraordinary measures. A payday loan is one such method which has been used by scrupulous lenders to trick people who have been facing monetary issues out of their hard-earned money. Payday loan has an interest rate of a whooping 99% but dire circumstances require dire measures, hence people agree to this form of a loan. According to Dallas based bankruptcy law firm Recovery Law Group, people who opt for payday loans are often left at a worse [...]

2019-10-01T13:25:37+00:00
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