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  • Need to File Bankruptcy a Second Time? Here’s an Overview of Both Chapters for Your Assistance

    Need to File Bankruptcy a Second Time? Here’s an Overview of Both Chapters for Your Assistance

    Financial problems can hit anyone anytime. However, there is no guarantee that despite your best efforts you might not hit a rough patch again. Many people are often confused that if they have opted for bankruptcy earlier to get rid of their debts, are they eligible to file for bankruptcy again? According to Dallas based bankruptcy law firm Recovery Law Group lawyers, if an individual has had a bankruptcy discharge previously, a certain time period is necessary before they can file for bankruptcy again. The various options available to people who have previously filed for bankruptcy are:

    • If an individual has had a Chapter 7 bankruptcy discharged previously, they cannot get a discharge in Chapter 7 case until 8 years from the date of 1st Chapter 7 bankruptcy discharge. If such an individual opts for filing for Chapter 13 the second time, they need to wait for 2 years between the bankruptcy filings to get a discharge the second time. Chapter 13 discharge, in this case, cannot be granted prior to four years from the date of Chapter 7 discharge filing.
    • If a person had previously received a discharge in a Chapter 13 bankruptcy case and wishes to file for a Chapter 7 discharge later, they will have to wait for a minimum period of 6 years from the Chapter 13 discharge date. However, certain exceptions are observed in this case. The individual needs to have paid their unsecured creditors in full as per the Chapter 13 plan or paid 70% of claims along with a statement providing good faith effort on your end to clear your debts.

    You can contact expert bankruptcy lawyers at 888-297-6023 to get a better understanding of your options for filing bankruptcy again.


      *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.

    • Factors Which Help Attorney to Decide if Bankruptcy is the Best Option for You

      Factors Which Help Attorney to Decide if Bankruptcy is the Best Option for You

      When any person is finding it difficult to make ends meet and has a huge debt piling on, there are two options available for them; either opt for bankruptcy or for a debt repayment plan. People in difficult financial situations should make it a point to consult either a financial counselor or a bankruptcy attorney to find the best possible way to get out of their financial mess. According to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group , the various factors to consider to decide which option will work for the client include:

      • Your income and debts

      The primary consideration is what is the amount of debts that you owe and if you have enough income to pay them back. In case our income is not enough to pay back your debts, bankruptcy will be the best option. However, if you can make a decent amount of money and can pay back your debts, then you need to find out alternate ways to get rid of debts.

      • Your assets

      Many times, there is a crunch of free cash which results in a person being in debt. However, if you have several assets, filing for bankruptcy will result in selling off non-exempt property to clear your debts. You could, alternately, do this (sell your assets) on your own without filing for bankruptcy and get rid of your debts.

      • Types of debts

      Certain debts like secured debts (car loan, house mortgage) cannot be discharged. Similarly, unsecured priority debts like a student loan or certain government taxes won’t be discharged during bankruptcy. If these kinds of loans constitute your major debt, filing for bankruptcy is futile. However, if the major portion of your loans comprises of credit card debts, personal loan, medical bills, etc. then bankruptcy is ideal for you.

      If you are considering bankruptcy to get rid of your debts, then you might need to consult expert bankruptcy lawyers regarding various aspects of bankruptcy. You can call 888-297-6023 to schedule an appointment for a consultation.


        *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.

      • Bankruptcy does not need to be Intimidating!

        Bankruptcy does not need to be Intimidating!

        Financial troubles can hit anyone, anytime. The primary step is to acknowledge financial problems and take adequate steps necessary to protect yourself and your family from adverse effects. Bankruptcy, though often detested, is an essential way to find financial stability. However, many people find bankruptcy intimidating. According to Dallas based bankruptcy law firm Recovery Law Group, this is primarily because of the lack of information about its advantages. You can easily overcome financial difficulties by opting for a consult with expert bankruptcy lawyers at 888-297-6023. the basic steps of facing bankruptcy include:

        • Hiring experienced bankruptcy attorney

        Bankruptcy can be an intimidating process. However, it is also the best possible way to legally get rid of several debts. Having an experienced bankruptcy lawyer by your side who is well-versed with the rules and understands the system completely can be a huge asset. Consultation with the lawyer regarding your priorities and your expectations from bankruptcy can provide you with the desired results.

        • Being honest about your finances

        Accepting your problems can help you find solutions. It is important that you discuss your finances with your lawyer so that their legal insight can benefit you. You can protect a variety of assets depending on the chapter of bankruptcy and the exemptions you choose. Once you understand the process through discussions with your lawyer, bankruptcy will not seem intimidating to you.

        • Comply with rules

        Hiding assets or transferring them in order to protect them is not the ideal way to get rid of debt. With numerous exemptions in place, you will be able to protect almost everything essential to get a new start. You should think of bankruptcy as a new beginning. This is possible if you follow the rules. Bankruptcy is a tool provided by the government to help people suffering unnecessary financial strain by paying a certain portion of their debts through their assets or ask for debts to be forgiven.

        • Get fresh start

        Instead of being overwhelmed by bankruptcy, people should consider it for what it is; a legal way to get rid of insurmountable debt. You can protect yourself from all types of collection actions including repossession, foreclosure, wage garnishments, etc. You end up paying for your secured debts and unsecured priority debts while getting rid of several unsecured debts (depending on which chapter of bankruptcy you choose).

        Considering that bankruptcy has been designed to make life easier for people, it is time you got rid of unnecessary fears and consult an expert bankruptcy attorney to discuss your financial problems.


          *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.

        • Get Assistance for Social Security Disability Application and Appeals

          Get Assistance for Social Security Disability Application and Appeals

          Social security benefits are the rights of every individual in the U.S. who have worked for at least 10 years. As per Los Angeles based bankruptcy law firm Recovery Law Group, SSI (Social Security Income) and SSDI (Social Security Disability Insurance) are U.S. Federal association plans which help in providing financial aid to persons suffering from any disability which makes them unfit for work. Online assistance is available for people who wish to avail free disability benefit. Depending on your age, medical condition and work history, you can be eligible for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI). In case you are denied benefits in the past, it does not mean you have no chance of success. Most people who are denied benefits often have better chances of success when applying subsequently.

          Social Security Disability Claim

          In case your claim for Social Security disability is approved, you will get your 1st check by the sixth month from the day your disability started. In case, Social Security Administration decided the disability began in April, the first disability check will be paid in October (after six months of disability). Similarly, Social Security benefits will be paid in the following month for which they are owed i.e. social security benefits for October will be paid in November.

          How much benefit payment will you receive?

          Your monthly disability benefits are calculated on the average lifetime earnings. The Social Security Statement provides a brief outlook of your lifetime earnings and thereby gives an approximate understanding of your disability benefits. This also includes an estimate of retirement and survivors benefit which is extended to financially sustain the families of individuals who are unable to work due to an accident or illness. If a candidate wishes to avail these benefits, they can consult expert lawyers at 888-297-6023 to help them fill the required forms.


            *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.

          • Protect Yourself Financially by Avoiding These Mistakes

            Protect Yourself Financially by Avoiding These Mistakes

            Nobody wishes to fall on bad financial times. However, almost every single individual who has filed for bankruptcy due to an excessive amount of debts has made a few common mistakes and taken unnecessary risks which have resulted in them looking for a bankruptcy attorney. If you wish to avoid such a situation, it is important to learn from the mistakes made by others. According to Dallas based bankruptcy law firm Recovery Law Group, if you have filed for bankruptcy and gotten a discharge for your debts, you need to ensure that you make amends and improve your credit rating. This can be done by avoiding making the same mistakes over and over. Some of the most common mistakes which lead people towards bankruptcy include:

            • Keeping a monthly balance on credit cards

            Most credit card companies charge clients 15%-28% interest on monthly balances. When you compare this to mortgage loans (nearly 4%) or car loans (2%-6%) you will find the rate exorbitantly high. Most people filing for bankruptcy owe huge credit card debt for their condition. In case you do not clear your monthly balance, you end up paying much more than you can afford. The balance keeps on adding every month eventually leading to bankruptcy.

            Avoid using the credit card and instead, use a debit card. This will not only reduce the interest but will also prevent you from making unnecessary splurges.

            • Spending without realizing the total cost

            Most people buy stuff without realizing the actual cost of running and maintaining it. though a car loan doesn’t come at a high rate of interest, you need to add fuel, service, insurance, repairs and other additional costs and things go out of hand. The same holds true for property too. You can avoid making these purchases unless it is essential.

            • Not having a monthly budget

            One of the fundamentals of bankruptcy is a mandatory course in financial management. This is because people rarely plan and live on a budget. People should cut back on needless expenses and save the disposable income for a rainy day if they wish to avoid bankruptcy.

            • No planning for retirement

            Most people think that their social security benefits will help them in their old age. However, the amount you get will not be enough to live comfortably. Thus, it is important to save regularly if you wish to avoid falling into debt in your later years.

            • Using retirement funds to repay loans

            Most people are unaware that exemptions provided by state and federal government protect their retirement funds. Using money from retirement accounts to clear credit card debts will leave you without an asset and yet in debt. Moreover, credit card debts are discharged during bankruptcy.

            • Not buying insurance

            One of the worst things that you can do is not taking health or accident insurance. Generally, people don’t like to spend on things which are not likely to happen. However, when misfortune strikes, you end up accumulating a huge amount of medical debts which can send you spiraling down the road.

            • Not looking for other earning options

            Considering the economic condition prevailing currently, not looking for opportunities to earn extra money is a crime, literally. You should consider alternate earning options to support your lifestyle and save money.

            • Neglecting health

            Neglecting physical and mental health in order to improve your financial health will prove detrimental eventually. Not only will you end up harming your body and end up spending a huge amount of money on medical expenses.

            Consult expert bankruptcy lawyers at 888-297-6023 to know more about the bankruptcy 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.

            • Most Common Questions Related to Bankruptcy Answered

              Most Common Questions Related to Bankruptcy Answered

              Though bankruptcy is a legal method of getting rid of debts, there are various misconceptions attached to the entire process. It doesn’t help with people being confused due to lack of authentic knowledge regarding the process. There are various queries related to the process, which generally remain unanswered, says Dallas based bankruptcy law firm Recovery Law Group, adding further fuel to fire. Here are some of the most common questions related to bankruptcy answered by experts.

              Can I file for bankruptcy without a lawyer?

              Though filing for bankruptcy without a lawyer is allowed, yet it is not recommended as there are several legalities and paperwork. A novice who has no experience in the field might end up missing filing any important documents, which may lead to the case being dismissed, or a debt being omitted from discharge, etc. Therefore, it is important to seek consultation from experienced bankruptcy attorneys and hire one to get rid of your debts. You can consult with expert bankruptcy lawyers at 888-297-6023 to know more about your case.

              Which chapter of bankruptcy would best suit my needs?

              Individual debtors can file for bankruptcy under Chapter 7 or Chapter 13. However, before deciding on which chapter would best suit your needs, the attorney needs to consult with you with respect to your assets, income, debts, creditors, your transactional history, etc. If you wish to get a quick discharge for your unsecured nonpriority debts, Chapter 7 is your best chance. However, if you wish to retain all your assets, you might end up choosing Chapter 13 where you can repay your debts over a period of 3 to 5 years.

              Are all my debts discharged in bankruptcy?

              Your debts are categorized into two – secured and unsecured debts. While the former has an asset attached with the debt, such as house mortgage, automobile loan, etc., the latter does not have any such benefit. Since the creditor of secured debt can get their dues by repossession or foreclosing on the property, these debts are generally not discharged during bankruptcy. Unsecured debts can be priority ones like alimony, child support, certain taxes, and student loan debts or nonpriority like medical bills, credit card bills, utility bills, personal loan, etc. unsecured priority debts are also not discharged during bankruptcy. Filing for bankruptcy can get rid of your unsecured nonpriority debts.

              Will I lose all my assets in bankruptcy?

              Both state and federal government offer exemptions to protect assets of the bankruptcy filer. Since bankruptcy is meant to be a way to give people fresh financial start, they have the right to retain equity in their belongings. You are exempted up to a fixed amount of equity in your home, vehicle, household items, pension accounts, some personal property, etc.

              What happens to my credit rating?

              Bankruptcy is reflected in your credit history and remains so for nearly 10 years. Though it lowers your credit rating, yet it is a boon for people who have been struggling to make ends meet. You can easily improve your credit rating after bankruptcy by seeking financial counseling and making timely payments on your bills, avoiding loan for a couple of years and living within means.


                *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 Options are Available in Case of Business Bankruptcy?

                What Options are Available in Case of Business Bankruptcy?

                In this age where jobs are few and rare, many people turn entrepreneurs. However, starting your business is a risk. People often take loans to finance their dream. Many times, the lines between business finance and personal finance become hazy. In such a case, it is often difficult to separate the two. This becomes an issue if the business takes a downhill turn. According to Dallas based bankruptcy law firm Recovery Law Group, such an issue can be problematic at personal and business levels. Irrespective of the reason for your financial troubles, bankruptcy is always a viable option. Just like personal bankruptcy, business bankruptcy does not mean that everything is lost. You can continue operating throughout the bankruptcy proceedings.

                If you wish to reduce the financial stress on your business and want to move ahead in life, the best logical option is filing for bankruptcy. You can move on to the next better idea once you have gotten rid of unnecessary dues holding you back. Consult with expert bankruptcy lawyers at 888-297-6023 to find out which chapter of bankruptcy would suit your case. Business bankruptcy can be filed under three chapters depending on your unique circumstances.

                • Chapter 7–Corporations, partnerships, LLCs, and sole proprietors have the option of filing for bankruptcy under this chapter. People and business organizations who wish to get rid of their debts can opt to liquidate their non-exempt property to pay their creditors. State and federal exemptions can be used to protect business and personal property during the bankruptcy process.
                • Chapter 11 – This option is available for publicly traded and large-scale business organizations. In this case, banks and creditors prefer to cut the loss as the time taken in the reorganization is too much.
                • Chapter 13 – If you wish to continue operating your business while going through bankruptcy to get debts discharged, this is the best bet. This chapter of bankruptcy allows you to create a payment plan through the court where you can repay your creditors over a period. With Chapter 13 bankruptcy , you can also protect all your assets while getting rid of personal liability entirely.

                Though people can file for bankruptcy without a lawyer, business bankruptcy cases can be quite typical. It is therefore recommended that you choose an experienced bankruptcy attorney to handle your case efficiently.


                  *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 Debts are Cleared by Bankruptcy?

                  Which Debts are Cleared by Bankruptcy?

                  Bankruptcy is an ideal way to get rid of debts. However, things can be quite confusing for the layman as the terms are often misunderstood. Though bankruptcy is meant to legally get rid of huge amounts of debts, lawyers of Dallas based bankruptcy law firm Recovery Law Group, inform that not all debts get discharged during the process. Depending on which chapter of bankruptcy you choose to file bankruptcy under, your debts can be reorganized, discharged or left as such. To know details about your options, consult with expert bankruptcy lawyers at 888-297-6023.

                  Chapter 7 Bankruptcy

                  If you want a quick discharge of several debts without making any payments towards them, this is your best bet. Also known as Liquidation Bankruptcy, it typically gives the debtor a discharge within 3-6 months of the bankruptcy filing. Majority of the debts discharged in this bankruptcy chapter include unsecured debts such as credit card bills, personal loans, medical expenses, etc. If loans such as these and other nonpriority unsecured debts like business loans, private student loans, and utility bills, etc. constitute a majority portion of your debt, then you should opt for this chapter of bankruptcy.

                  It is important to keep in mind that secured debts, such as those against which the creditor has collateral (house mortgage, car loan, etc.) and unsecured priority debts like alimony, student loan, child support, certain government taxes, etc. cannot be discharged. The same holds true for any debts which are related to fraud.

                  Chapter 13 Bankruptcy

                  This chapter of bankruptcy is known as Reorganisation Bankruptcy. In this case, while filing you can include all kinds of debts. A repayment plan is devised depending on your disposable income and the debts are paid over a period of 3-5 years. Any unsecured nonpriority debts which remain after this are discharged. During the repayment plan, your house cannot be foreclosed, and your vehicle repossessed if you keep making payments towards those loans. This is the best option available if you wish to prevent foreclosure, repossession or want to put a stop to interest build-up on tax debts.

                  Though it may seem easy, filing for bankruptcy can be quite difficult, especially if you miss out on any nuances. It is therefore advisable to consult an expert bankruptcy lawyer to help you get out of your huge financial problems by filing for 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.

                  • Simple Truths about Bankruptcy

                    Simple Truths about Bankruptcy

                    Bankruptcy is a misinterpreted word that is not discussed in open conversation. A person declaring bankruptcy is often looked down by society. In fact, bankruptcy is a good way to save face from bad loans and lead a respectable life. Bankruptcy is substantially explained on Recovery Law Group, which will expose myths about bankruptcy.

                    1. # 1 myth

                    Bankruptcy is often considered petrifying. In fact, bankruptcy is a good solution from never-ending debts, wage garnishments, creditors pressurization. It offers a fresh start for debtors and abstains foreclosure. All a debtor need is an experienced bankruptcy advocate to make the process simple and understandable.

                    1. # 2 Myth

                    Bankruptcy is a lengthy process. What is true about bankruptcy is its time limitation. It has a specific time period within which the case is to be wrapped up. In fact, you are cleared off in 90 days under chapter 7.

                    1. # 3 Myth

                    Bankruptcy damages credit. The bad loans that the debtor has, is cleared with bankruptcy giving him a clean slate to start his financial journey.

                    1. # 4 Myth

                    The debtor is at risk of losing his assets. There are some assets that the debtor can keep and some needs to be sold off to pay the debts. Nevertheless, the debtor does not wash off with all his assets, which can be true if he does not apply for the bankruptcy. Since the creditors will wash off with every single dime. By filing bankruptcy, depending upon which law -State or Federal, under which some properties are exempted. the debtor can save some of his assets and live a decent life.

                    All myths are busted, and some truths are reinstated about Bankruptcy. People, over-burdened by loans, that seem impossible for them to clear off, must take advice from an experienced bankruptcy advocate to understand the right course of action. The Government of USA has designed laws to help its citizens. And citizens genuinely in need must not hesitate to take help of the bankruptcy law. They can clear their doubts by 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.

                    • When is The Best Time to File Bankruptcy?

                      When is The Best Time to File Bankruptcy?

                      The USA law council has designed Bankruptcy to leverage people succumbed in bad debts. People often take loans to finance a business, higher studies or for any personal work. When they take loans, they are clear of the payment strategy and follow judiciously. Apparently, people may face some problems, which may prevent them to clear loans. The loans may become huge and unmanageable.  Instead of panicking they can file bankruptcy. An experienced legal professional can guide and help them in the procedure. For help visit- Recovery Law Group.

                      The word bankruptcy itself may scare most of the people. The client who wishes to file bankruptcy must consult an experienced advocate. The advocate will take stock of the situation and smoothen the process, rendering the client free of mounting debt. The first step, however, must come from the client.

                      The client must decide to file bankruptcy when

                      1. They are neck-deep in debt.

                      When a debtor takes a loan, he must pay through monthly installments. When the client is unable to pay the installments, because there is no regular flow of cash, the installments are unpaid. They hence are overlapping, making it more difficult to clear. At one point of time, the client finds himself stocked with several monthly installments and interest all laden up, with no means of clearing them. Applying for bankruptcy offers a permanent solution from this surmounting debt.

                      1. Threat calls

                      The creditors finance loans, and when they do not get regular payments after much cajoling they resort to the threat. They employ agencies/ people to collect money on behalf of them. These people can be dangerous and may try to scare the debtor to release money. The debtor not only suffers from loan repayment but also physical and mental trauma. Filing for bankruptcy not only pushes the threat monkey away but also settles the debt relieving any liability.

                      1. Garnishment

                      Garnishment is a process, wherein the creditor legally takes the money directly from the pay-check of the debtor. When this process occurs, the money swings away from the debtor’s hand leaving him with next to nothing. This makes the situation worse for the debtor. If the debtor files bankruptcy, he not only saves his pay-check, albeit gets discharge from garnishment also.

                      1. Counseling

                      Credit counseling is a professional method of helping debtors find a reasonable solution to handle debts. The debtor may take rescue under credit counseling to settle things amicably. Apparently, it did not work; although it may work for many. The debtor has no choice but to file for bankruptcy.

                      Bankruptcy is good news for such debtors

                      Filing bankruptcy not only releases the debtor permanently off the unreasonable debt but also allows them to live a respectable life after. Many people are enjoying a respectable life after filing for bankruptcy in Dallas. The debtor needs to employ an experienced advocate to file for bankruptcy in the legal office. The debtor can seek related information by calling 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.