Get Foreclosure Help

Category: Bankruptcy

  • Best Ways to Cope with Bankruptcy

    Best Ways to Cope with Bankruptcy

    Call: 888-297-6203

    Bankruptcy is a roller coaster ride. On one hand, you get rid of debts, which makes you feel happy and in control of your life; while on the other hand, your credit report gets the stamp of bankruptcy which remains for 7-10 years rendering getting loan extremely difficult. This can be a testing time, say experienced lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. You can experience a variety of contradicting emotions when you choose to get rid of your debts through bankruptcy. Here’s how you can cope with them:

    • Discuss the issue with people who understand

    Many people keep their emotions bottled up which is not healthy at all. Filing for bankruptcy is a big decision which is bound to have long term effects on your life. It is therefore important that you discuss what you are going through with people who will lend a listening ear and a helping hand. Discussing things with friends might be cathartic and might even let you get over the huge emotional issue.

    • Indulge in some personal time

    Discussing how your finances had taken a turn for the worse with various unfamiliar people like a financial advisor, bankruptcy lawyer, trustee, etc. can be quite overwhelming. It is therefore not unnatural to wish to get away from all this. Once you are sure that the case is being handled by the best people, you should take some time off and give yourself the necessary rest, so that you can heal physically, mentally and emotionally.

    • Cry, if that helps

    Sometimes, crying your heart out is exactly the thing that will help you heal. Letting your emotions take the better of you might not be a luxury that you can afford, but then bankruptcy is also not an everyday occurrence. If crying helps you overcome the pressure of bankruptcy, cry.

    • Don’t forget the good points

    With numerous exemptions in place, you can protect most of your essential belongings. You can keep your home, vehicle, modest household belongings, retirement and pension accounts as well as tools of the trade. Basically, you should be thankful that you have everything to restart your life without the burden of debt.

    A successful bankruptcy discharge can be the best thing to happen to you. This can take place when you have experienced lawyers Dallas handling your case. If you haven’t hired one, you can call at 888-297-6023 to schedule an appointment.


      *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.

       

    • Warning Signs That Suggest You Should Consider Filing for Bankruptcy

      Warning Signs That Suggest You Should Consider Filing for Bankruptcy

      Call: 888-297-6203

      For an individual or a business, filing for bankruptcy is probably a stigma that will ruin their credit history and personal name for a long time to come. However, if you could keep your emotions in check, Dallas based bankruptcy law firm Recovery Law Group, says, bankruptcy is probably the wisest decision one could make to take control of struggling finances. It is often difficult to be objective when it comes to the personal economy, therefore, here are a few warning signs that you should consult professionals for seeking advice regarding bankruptcy:

      1. You are finding it difficult to get out of debt

      Unable to pay debts may result in you borrowing money, which will further add to your debts. It is a never-ending vicious cycle which keeps on adding the interest rate. If you find the situation somewhat familiar, it is time for you to seek the guidance of a bankruptcy lawyer. Expert advice is available from experienced bankruptcy lawyers at 888-297-6023 regarding how to use bankruptcy to make a fresh financial start.

      1. Retirement funds are being reduced

      Many people think that using their retirement fund to get rid of debts is a way to avoid bankruptcy; well, they couldn’t be more wrong! Digging into your retirement funds puts your future in the dark while not exactly lifting your present from the darkness of debt. Bankruptcy lawyers will enlighten you to the fact that most unsecured debts get discharged during bankruptcy while your retirement accounts are exempted from being used to pay your creditors. Thus, you are harming your present and future by using retirement funds for fending off creditors unsuccessfully.

      1. A lawsuit is not far away

      If you are unable to pay your loans, creditors might be forced to file a lawsuit against you. With numerous problems, this is something that you cannot afford. Filing for bankruptcy will not only put a hold to such a lawsuit but also other collection actions like threatening phone calls, repossession, foreclosure, and wage garnishment.

      1. Your family is at risk

      Sometimes, creditors can go after other members of your family, like spouse or parents. If this is something that you have experienced, it is time to consult with lawyers about which chapter of bankruptcy would be ideal in your case.


        *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.

      • What is Bankruptcy Audit?

        What is Bankruptcy Audit?

        Call: 888-297-6203

        When any individual files for bankruptcy, whether Chapter 7 or Chapter 13, there is always a possibility of an IRS audit taking place either after filing for the bankruptcy-process or during the process. However, say lawyers of Dallas based bankruptcy law firm Recovery Law Group, that filing for bankruptcy plays no role in this audit. Though bankruptcy can stop all kind of inconvenient actions like threatening phone calls, possible lawsuits, etc., it has no effect on the IRS audit.

        Every year many bankruptcy petitions are filed, out of which several are selected for an audit; however, the chances of a person who has filed for bankruptcy getting an IRS audit are like that of a person who hasn’t filed for bankruptcy. A neutral trustee is appointed to review the bankruptcy petition filed by you. If a bankruptcy audit is expected to take place in your case, you are notified within 10 days of making the bankruptcy claim.

        Bankruptcy audit is essential as it prevents the abuse of the system initially introduced to provide a fresh financial start to deserving candidates. An audit verifies the bankruptcy paperwork submitted along with the case. If the income or expenses vary immensely, there is likely to be an exception audit. A bankruptcy lawyer can come in handy in such instances. If you haven’t hired one, you can call 888-297-6023 to schedule an appointment with experienced bankruptcy lawyers Dallas. Not only will a skillful and adept lawyer help you with getting rid of your debts through bankruptcy, but will also guide you through the bankruptcy audit, if it takes place.


          *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.

        • Business Recovery Through Bankruptcy is Possible

          Business Recovery Through Bankruptcy is Possible

          Call: 888-297-6203

          In a time when the economy is struggling everywhere, it is not uncommon to find that many small businesses find it hard to stay afloat. Any change in customs duties, fluctuation in prices can send the cost escalating which cuts into the profit margin. Moreover, the high-interest rate can be a huge reason for the escalating debt of small business owners. If you find yourself struggling to manage the finances of your business, it is time to consider bankruptcy as a way out, say Los Angeles based bankruptcy law firm Recovery Law Group lawyers.

          Though Chapter 7 bankruptcy is usually used by individuals to get rid of their debts, this option is available for small business owners too. Filing for bankruptcy under this chapter not only helps get rid of your debts but also provides financial freedom. Other benefits associated with this bankruptcy chapter include:

          • You can continue operating your business despite filing for bankruptcy. This chapter provides a discharge of unsecured debts within 3-6 months of filing. Since most property is protected through exemptions, you might not lose any assets while getting rid of your debt burden.
          • If you are a sole proprietor of the business, filing for bankruptcy and getting subsequent discharge will allow you to get increased cash flow. This can be invested in the business to be used for the growth of the company.
          • All personal unsecured debt including credit card bills, medical bills and overdue utility bills can be discharged through bankruptcy.

          However, before jumping the gun, it is important that you seek consultation with experienced bankruptcy attorneys Los Angeles at 888-297-6023. They can ensure that all the paperwork is in order and that you get the fresh start that could help be the foundation stone of a successful enterprise.


            *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 Fight the Social Stigma Attached With Bankruptcy?

            How to Fight the Social Stigma Attached With Bankruptcy?

            Call: 888-297-6203

            Despite the best efforts of people to bring in the positive sides of bankruptcy, the social stigma attached to it almost always overpowers. Los Angeles based bankruptcy law firm Recovery Law Group has seen various victims of this social stigma who have been struggling with the huge mound of debt but chose not to file for bankruptcy because of its effects on their life. There is no denying that there are disadvantages associated with bankruptcy, however, its pros often outweigh the cons.

            Many people are constantly struggling to pay their bills and lead a normal, debt-free life. However, despite their best efforts, they are still not able to clear all the bills. If this sounds familiar, it is probably time to consult a lawyer. You can make a call at 888-297-6023 to schedule an appointment with experienced bankruptcy lawyers to discuss your case. A veteran bankruptcy lawyer can probably make you understand how bankruptcy can be your way out of the financial mess.

            When you are behind payments, your credit score is low. Filing for bankruptcy won’t tank it further but wipe it clean. Bankruptcy is meant to offer you a fresh financial start. You will see the positive effect of bankruptcy on your credit score once you file for it. Not only will you be able to get rid of a huge amount of unsecured debt, which was holding you down; but also, be able to get a better hold of your finances.

            Despite bankruptcy being public record and remaining on your credit report for 7-10 years depending on the chapter of bankruptcy you filed in; people will not be able to know about it unless they specifically went looking for it. Only your creditors are informed of the bankruptcy. Thus, there is no need to fall prey to the social stigma attached to bankruptcy. Being emotional won’t free you of your debts, bankruptcy would!


              *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.

            • Most Commonly Asked Bankruptcy Questions

              Most Commonly Asked Bankruptcy Questions

              Call: 888-297-6203

              Despite bankruptcy being one of the best ways to get a fresh financial start, the numerous social stigmas attached to it make it difficult for people to go ahead with it. Since bankruptcy becomes public record and stays on your credit report for a duration of 7-10 years, your financial failures can hold you back many times in the future. However, that is no reason to let go of a chance to get rid of your numerous debts and make a fresh financial start. According to Dallas based bankruptcy law firm Recovery Law Group, most people have major concerns regarding the bankruptcy process. Some of the common queries are:

              • What happens to my assets?

              People opt for bankruptcy in order to save their assets from going under the hammer. Bankruptcy provides exclusions in the form of state and federal exemptions which protect most of your personal property including equity in home and vehicle, as well as personal belongings, household items, etc. Your non-exempt property can be sold off to repay your creditors in case of Chapter 7 bankruptcy.

              • Can I get rid of all my debts?

              Secured debts, against which the creditor has a lien, cannot be discharged during bankruptcy. These include a car loan and a house mortgage. Priority debts such as certain government taxes, alimony and child support as well as student loan debts are also not discharged during bankruptcy. Your non-exempt property is used to repay your unsecured creditors and any debt which remains after that is discharged. The debts so discharged are removed from your credit report but your bankruptcy will remain on it for a duration of 10 years (Chapter 7 bankruptcy).

              • Is there a limitation to filing for bankruptcy?

              There is a time limit when it comes to applying for bankruptcy, to prevent misuse of the advantage the system provides. People who have previously filed for Chapter 7 can file for Chapter 13 bankruptcy after duration of 4 years from the initial filing; this period is 8 years if you wish to file for Chapter 7 bankruptcy again. In case you had previously filed for Chapter 13, you can file for Chapter 7 bankruptcy after six years from filing date while the timeframe is 2 years after case filing for another Chapter 13 bankruptcy Dallas!

              If you have decided to opt for bankruptcy in order to get rid of your debts, it is important that you hire the best legal advisor. You can schedule an appointment with experienced bankruptcy lawyers by calling 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.

              • When Should You Hire a Bankruptcy Attorney?

                Call: 888-297-6203

                Anyone can have a streak of bad luck which might result in them in falling under an enormous amount of debt. However, unless you can get a handle on your finances, it is very difficult to get rid of the huge mountain of debt. Slowly, the situation takes a turn for the worse and you might be facing constant harassment from creditors in the form of unwanted phone calls and threatening letters. Los Angeles based bankruptcy law firm Recovery Law Group says that there comes a time when people have to take the unavoidable option of choosing bankruptcy to get rid of your debts.

                It will not be surprising to know that apart from bankruptcy, various other options are available to tackle your debt problem. These include debt consolidation, reaffirming your debt or opting to refinance it. However, most of these solutions require you to deal with creditors directly. Any lack of honoring the arrangement might lead you to lose your property. Bankruptcy, despite having a long-lasting impact on your credit history, is the best legal way to get rid of debts.

                Most people dislike the idea of opting for bankruptcy, as there are many social stigmas attached to it. However, bankruptcy offers to wipe your slate clean, remove all bad credits and lets you have a fresh financial start. Once you have realized that bankruptcy is the best way to get rid of your debts, it is time you contact efficient lawyers to help you with your case. You can call 888-297-6023 to seek consultation with experienced bankruptcy attorneys Los Angeles. Before you file for bankruptcy, it is important for you to know that not all debts will be discharged during bankruptcy. Certain debts can survive bankruptcy. Your lawyer will make you aware of what happens during the entire process.


                  *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 More About Bankruptcy Exemptions

                  Call: 888-297-6203

                  When in doubt consult experts, is a popular saying. It is of extreme importance, especially in the case of bankruptcy. With so many myths surrounding bankruptcy, it is obvious that people who are struggling with debts are bound to be confused. A bankruptcy filer’s assets and debts are their most important concern, say lawyers of Dallas based bankruptcy law firm Recovery Law Group. What happens to both depends on the chapter of bankruptcy chosen by the bankruptcy filer.

                  Individual debtors have the option of filing under Chapter 7 or Chapter 13 bankruptcy. Both these chapters have a different set of rules regarding debt discharge and asset protection. Federal and state government offer exemptions to protect the personal property of the debtor, for them to get the fresh start they deserve after bankruptcy. Each chapter of bankruptcy has its own set of exemptions and rules. An experienced bankruptcy attorney can help select the chapter which will offer to protect as many assets as possible.

                  When you file for bankruptcy, everything you own becomes part of the bankruptcy estate. A court-appointed bankruptcy trustee oversees handling the bankruptcy estate. You have a choice between opting for state or federal exemptions to protect your property. Generally, exemptions cover equity in your home, vehicle, personal property, tools of the trade, certain pension accounts, etc. Since each bankruptcy chapter has its own merits, you need to consult a qualified attorney to help select the best option for you. If you need to discuss your case, you can call at 888-297-6023 to schedule an appointment.


                    *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.

                  • Managing Bankruptcy Fees is Important

                    Call: 888-297-6203

                    Thinking of getting rid of your debts through bankruptcy? You will be surprised to know that you require additional money to file for bankruptcy. Ironic it may seem to say, Los Angeles based bankruptcy law firm Recovery Law Group lawyer, but it is important to pay bankruptcy fees. However, people who have meager income can opt for a waiver of bankruptcy fees. A waiver of bankruptcy fees is available only to those people who cannot even afford to hire a lawyer. People who have enough money to pay for a lawyer can obviously pay the bankruptcy fees too. Thus, you cannot avoid bankruptcy fees if you have hired a bankruptcy attorney for getting through your bankruptcy discharge.

                    Though filing of a bankruptcy can be done without a lawyer, it is not advised as the chances of successfully getting a discharge without a lawyer are very slim. You can call 888-297-6023 to schedule an appointment with experienced bankruptcy lawyers Los Angeles regarding your case. An alternative is available for people with legal representation who wish to avoid paying bankruptcy fees. You can cover bankruptcy fee and legal fee using your tax cover. If that option is unavailable, you could ask your family or friends for a loan for the required amount. Since bankruptcy gets you free from unsecured debts which were holding you back, once you get the discharge, you will be in a better position to pay back the loan to your friends.


                      *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 You Save Your Vehicle in Bankruptcy?

                      Can You Save Your Vehicle in Bankruptcy?

                      Call: 888-297-6203

                      Filing for bankruptcy is probably the last resort people opt for concerning the ill effects it has on a person’s credit score. Even after they have decided that bankruptcy is probably the only way, they can get rid of the huge mountain of debt that has been crushing them for a long time, their major concern is that they might end up losing their property. Well, Dallas based bankruptcy law firm Recovery Law Group, informs that losing property during bankruptcy is not a common occurrence. With various exemptions in place, people can protect their property.

                      Fear of losing property despite opting for bankruptcy can be an awful streak of bad luck. People are majorly concerned about saving their house and their vehicle as living without either seems next to impossible. A vehicle is no longer a luxury but a necessary item if you wish to save time on commuting. The amount of assets you can save depends on which chapter of bankruptcy you file under. Different exemptions are available for assets of people in different bankruptcy chapters. Secured debts such as vehicle loan can be reserved through other options also. These include debt redemption, debt reaffirmation or surrendering the asset. If you are up to date on your car payments, you can opt for debt reaffirmation or redeem the debt. If, however, you feel you do not need the vehicle, you can surrender it. Since these choices can be quite confusing for a person facing an immense burden of debt, it is advised that you consult with experienced attorneys Dallas regarding it. You can schedule an appointment with a bankruptcy lawyer by calling 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.