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  • How bankruptcy can help you to wrap your failing business neatly?

    How bankruptcy can help you to wrap your failing business neatly?

    Doing business can be like walking a tight rope. You can fall if you do not balance your self rightly. Rest assured, there is no harm in falling down. Businesses operate with loans and money transaction. When a business falls your revenue stops and your debts increase faster than the light. You cannot cope and you are at a loss of understanding how to escape. People often fall trap to such situation. A good legal advisor can help solve this problem. For consultation visit- Recovery Law Group.

    Choosing the right path

    An experienced legal advisor can analyze and suggest the best solution to overcome the debt. Filing for bankruptcy under chapter 7 can allow the debtor to clear off his debt in a one-shot, without much hassle. Yes, the business will close down, but the debtor can save his face and start afresh. The legal advisor can help file the case under chapter 7.

    Is the debtor qualified to file the case under chapter 7?

    A falling business can find solace from the never-ending debt by filing a bankruptcy case under Chapter 7. To start on strong foot the client must take an eligibility test before filing the case. If there is any loophole in the case, it can be dismissed, posing problems to file again. The client can test their eligibility by undergoing the means test.

    The means test

    The means test is the analysis of the source of income. The analysis shows that income is insufficient to manage and clear the debt. Once it is established the client becomes eligible to file the case. If the income is high the client may not be eligible. Apparently, there is a clause for high-income clients under which they can file the case. The businesses often have two types of debt,

    • Personal or non-business related
    • Non-consumer or business-related debt

    Under this clause, if the non-consumer or business-related debt is higher than 50% of total debts, which also includes mortgage, the client is eligible for chapter 7 bankruptcy Dallas. Moreover, if the businesses do not qualify for chapter 7, they can always file a chapter 13 bankruptcy case.  Under chapter 13, the client clears the decided debt amount in small batches within 3 to 5 years unlike the 90 days one-shot clearance of debt under chapter 7.

    Why bankruptcy is the best solution for a sinking business?

    It’s better to swim across rather than sink with the broken ship. By declaring bankruptcy, the client is able to move ahead from a sponge that could suck him entirely. Bankruptcy allows the client to wrap the business neatly with grace intact. Falling business is common, and hence people must not be afraid to come out and face the fact. Instead of sinking with the business, people can rise with a new step with bankruptcy. For more detailed information call-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.

    • Is Bankruptcy an Answer to Debt Relief?

      Is Bankruptcy an Answer to Debt Relief?

      A disability may occur to anyone at any point in time, but the gaping fact is the treatment. The treatment of a person may be quite expensive. The person may not have enough and may have to take loans to get treated. The loan could mount unreasonably making it difficult for the person to clear it off. Getting a disability benefit may help him swing through the daily chores but will not help him clear the loans. With disability, the person cannot be employed for gainful income and hence is left with little or no resources to clear the debt. People stuck in such problems can opt for filing a bankruptcy case. For more detail information visit- Recovery Law Group.

      There are two chapters in the USA court that allows the debtor to file a case under bankruptcy- Chapter 7 & Chapter 13 Bankruptcy. The applicant needs to fill the form describing his situation and the need; as per their requirement, the legal representatives will offer suggestions.

      Chapter 7

      Chapter 7 is a one-shot method of clearing the debt. All debts are cleared in one shot with no liability left for later payment. A trustee is appointed by the court, who assesses the assets of the debtor and lists them under exempted and non-exempted properties. The exempted properties are retained by the debtor, while the non-exempted properties are sold/liquidated to clear the debt. The creditor must settle with whatever amount is gained by selling the non-exempted properties. The client before applying for Chapter 7 must realize that he /she may have to lose their asset/properties.

      Chapter 13

      Chapter 13 is another method of declaring bankruptcy. In chapter 13, a repayment plan is made for 3 or 5 years depending upon the source of income. A debt amount is ascertained by the trustee after evaluating the financial condition of the debtor. The creditor also has to agree on the amount. The amount is then divided into a monthly installment repayment plan that needs to be completed within 3 or 5 years. The time period cannot extend beyond 5 years.

      The client applying for chapter 13 can retain his/her properties but must arrange regular monthly payment to the creditor. The applicant can apply for bankruptcy under any one chapter, depending upon their situation and choice. For more information call 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.

      • Good News for Chapter 7 Debtors! Cannot Have Two Pending Cases Simultaneously Says Court

        Good News for Chapter 7 Debtors! Cannot Have Two Pending Cases Simultaneously Says Court

        For most people, filing for bankruptcy is the best legal way to get rid of insurmountable debt. Of the two chapters in which individuals can file for bankruptcy, Chapter 7 is preferred since it takes relatively less time to get discharge and thanks to the various exemptions, you are able to protect almost all your property. However, if despite filing for bankruptcy under Chapter 7, you are unable to get a discharge, it can result in huge stress on the individual. According to Dallas based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, such an incident occurred with an individual who had filed for Chapter 7 bankruptcy. Despite the trustee filing a no-asset report, the case remained open and the debtor did not receive a discharge. After nearly 2.5 years the debtor filed a Chapter 13 bankruptcy case to get rid of the accumulating debts, however, this time, there was no lawyer involved.

        Since there exists a “Single Estate Rule” a debtor cannot have two bankruptcy cases pending simultaneously in court. This is because everything you own becomes part of the bankruptcy estate. Since your belongings remain unchanged, the same bankruptcy estate cannot be a part of two cases at the same time. If a debtor files for a Chapter 13 bankruptcy Dallas case before they got a discharge in a previously filed Chapter 7 case, the latter one is nullified. Since the debtor had filed the Chapter 13 bankruptcy case without an attorney, the court had given the leeway to the client to consult an attorney to consider which of the two bankruptcy cases (Chapter 7 or Chapter 13) dismissed. Thus, having an attorney by your side can make things easier for you. In case you would like to consult your case with expert bankruptcy lawyers call 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.

        • Is Bankruptcy The Right Decision

          Is Bankruptcy The Right Decision

          The debtor may often ask ‘if bankruptcy is the right decision for me?’. This is so because bankruptcy may be seen as a dishonor or disgrace to their reputation. Consequently, a person not able to clear off his loans is more dishonorable than bankruptcy. In bankruptcy, the debtor is trying to clear some part of the debt, which may not be otherwise possible. The debtor when realizes that in no circumstances, he will swim through the loans successfully, and ultimately drown, must take rescue in bankruptcy. Detail information is available on- https://bankruptcy.staging.recoverylawgroup.com/

          Qualifying for bankruptcy

          The government of the USA has designed bankruptcy to help people stuck in bad loans. The law is quite poignant and not all can qualify to file for bankruptcy. This is so because the Government wishes to prevent misuse and help only the genuine needy ones. The debtor can file bankruptcy under two chapter- 7 & 13. Both have their own qualifying terms, that the applicant must clear. Other loans apart from student loans can seek bankruptcy.  Exceptional cases of student loan are only allowed for bankruptcy.

          Qualifying for Chapter 7

          In chapter 7, a percentage of debt amount is fixed to be cleared within 90 days of the hearing. A mean test can be taken by the debtor to verify his suitability. The mean test consists of comparing his past six months monthly salary to the median income of the state in which he/she resides. Median income may differ from State to State in the USA. The client’s income should be less than the median income to qualify for bankruptcy. The client’s non-exempted properties and assets are then sold to clear the debt.

          Qualifying for Chapter 13

          While you may lose some of your properties in chapter 7, you can save it by filing bankruptcy under chapter 13. The process is the same, paying off a designated debt amount, but in installments within 3 to 5 years of the time period. The debtor does not need to clear a mean test for chapter 13. On the contrary, if he fails, i.e. if his income is less than mean income, he may not be suitable for chapter 13 and the case can be dismissed.

          Chapter 13 is good for people with steady income resource, stuck in child support bill or income tax debt. The client can also apply for chapter 13 after applying for chapter 7, within 8 years of hearing. Chapter 13 not only discharges some percentage of debt amount but also helps the debtor retain his assets.

          Taking a decision to file for bankruptcy must be taken after analyzing the pros and cons of both the chapter. Although bankruptcy is a good procedure, it is an individualized decision, suiting one’s own debt profile. A professional help goes a long way in clearing the confusion and arriving at the right decision. For advice and consultation on bankruptcy call 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.

          • Who Can Qualify for Bankruptcy?

            Who Can Qualify for Bankruptcy?

            Misfortune can come calling to anyone. None can save themselves when bad luck strikes. There are several examples of wealthy and influential people having to file for bankruptcy because they had accumulated many bad loans. Bankruptcy has been used by both individuals and organizations to get rid of various debts. According to Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, a good bankruptcy lawyer knows that to judge a person under heavy financial debt is futile because there are a number of reasons apart from the obvious, which can lead to a person accumulating huge debts. Some of the common reasons include unexpected medical expenses, loss of a job, messy and costly divorce, natural calamities, etc. A good lawyer will never judge you for falling back on making payments and accumulating a huge amount of debts. It is their job to ensure that you come out of bankruptcy with a chance for a better future.

            Irrespective of the financial condition of the individual, anyone can face bankruptcy. People from affluential families too can accumulate huge amounts of debts, owing to lifestyle and spending habits. Your income and expenses, as well as your debts, are considered when you are filing for bankruptcy. A bankruptcy attorney can be an asset in such cases as they can help sort out the bankruptcy-related paperwork. For people of any financial strata, bankruptcy is an option for getting rid of debts.

            Having an asset is not a liability if you are contemplating bankruptcy. Both federal and state government offer exemptions through which you can protect the equity in your assets. Bankruptcy even helps you in case of foreclosure and repossession cases. Having an experienced bankruptcy attorney by your side can be an asset when you are looking for debt relief options. In case you are looking for expert bankruptcy lawyers to consult for your case, call 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.

            • Want to Get Rid of Debts Hire an Experienced Bankruptcy Attorney

              Want to Get Rid of Debts Hire an Experienced Bankruptcy Attorney

              If you are facing financial issues and have accumulated a huge debt, hiring an expert bankruptcy attorney, can be the best way to get those debts discharged. Though bankruptcy helps get your unsecured nonpriority debts discharged, your credit history takes a hit. However, with time, you can rebuild your credit and improve your financial stability. According to Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, bankruptcy is the best legal way to provide you with a fresh financial start. However, all of this is possible when you have an expert bankruptcy lawyer by your side. Finding one is not that difficult if you follow these steps:

              1. Search using the internet

              You could either use the Yellow Pages or the internet to compile a list of experienced bankruptcy attorneys in your area. Since the world has gone digital, any attorney worth their salt will have a significant presence on the internet. Surf the websites to get an idea about not just the process, but also the individual. Reviews and statements from clients are an excellent way to be informed about their services. You can shortlist from the various options available for a free consultation.

              1. Opt for a free consultation

              Before opting for a free consultation, it is important that you have made a list of all your doubts and queries related to the bankruptcy process pertaining to your case. You can then take time out to meet your selected bankruptcy attorneys to discuss your financial issues and their take on them.

              1. Clear your doubts

              It is essential that you are not only comfortable with the lawyer but also has all your doubts related to the bankruptcy process dispelled. Since most individuals filing for bankruptcy are generally unaware of the details of the process, the bankruptcy lawyer should ensure that the client is not just put at ease but also is aware of their options so that they are able to make an informed choice.

              Bankruptcy is a complex process which sometimes becomes essential for people in dire financial problems. With an experienced attorney by their side, they can be sure that the entire process will go smoothly. No matter what the cause of your impending bankruptcy, an expert bankruptcy lawyer will find ways to get most of your assets saved from being liquidated and get rid of almost all your dischargeable debts. If you are looking for experienced bankruptcy lawyers, call 888-297-6023 to set 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.

              • Common Misconceptions Regarding Bankruptcy

                Common Misconceptions Regarding Bankruptcy

                Despite bankruptcy being one of the best methods of legally getting rid of unsecured debts, it is often misunderstood. People look down upon the very idea of filing for bankruptcy due to the unnecessary social stigma attached to it. There are numerous instances of business organizations and personal finances crumbling to eventually end up in financial ruins. According to Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, people are unaware of of the various misconceptions existing about bankruptcy. If you are undergoing extreme financial stress should consult expert bankruptcy lawyers at 888-297-6023 to clear your doubts regarding misconceptions associated with bankruptcy.

                • Large debts result in bankruptcy

                The bad financial situation is something nobody can avoid even after carefully planning your expenses. People often save for a rainy day, however, sudden loss of job or a big medical expenditure accompanied with the home, car and other loans can throw anyone off gear. Filing for bankruptcy in such a situation can help an individual, family or business owner get rid of a huge amount of debt.

                • Filing for bankruptcy ruins your chances of getting credit

                When you file for bankruptcy, it appears on your credit report, with your score going down by 130 -150 points on an average. This may sound very dramatic and drastic and initially it is daunting, but in the long run, things don’t end up as bad as they seem. The bankruptcy is removed from your credit history after 7-10 years in the case of Chapter 7. While if you make efforts to improve your credit rating by living within a fixed budget, making regular and timely payments, you might even get a loan in a couple of years.

                • You end up losing everything in bankruptcy

                One of the worst fear people have is that filing for bankruptcy will result in them losing all their assets. however, nothing could be far from the truth. Federal and state exemptions are available which help protect a bankruptcy filer’s assets. You can protect up to specified equity of property including your home, car, jewelry, personal property, retirement and pension funds, etc. Basically, bankruptcy provides you with provisions essential to continue your life after the entire case is discharged. In the case of Chapter 7 bankruptcy, many time clients end up keeping all their assets while getting their unsecured nonpriority debt like personal loan, credit card bills, etc. discharged!

                • All your debts are wiped away with bankruptcy

                If you think that filing for bankruptcy will magically make all your debts disappear, you have been living under the rock. It is important to realize that certain debts (unsecured priority debts) cannot be discharged even after bankruptcy. Secured debts like car loan or mortgages have assets attached to them. If you wish to keep the property, you need to make payments on those debts or the property (car/home) will be repossessed / foreclosed. Some unsecured debts like a student loan, alimony and child support, government taxes, etc. cannot be discharged despite having a collateral. These are unsecured but priority debts which survive bankruptcy.

                Having an expert bankruptcy lawyer for your case can, not just clear your doubts but also effectively get rid of your unsecured nonpriority debts so that you can get a fresh financial start.


                  *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 Effect Does Bankruptcy Have on Your Credit?

                  What Effect Does Bankruptcy Have on Your Credit?

                  A bankruptcy filing is a tough decision and can often be quite intimidating. Many people fear the worst; ruining their credit history. However, say Dallas based bankruptcy law firm Recovery Law Group, the process is hyped to be more daunting than it is. However, having an expert bankruptcy lawyers by your side can ease things for you. Contact at 888-297-6023 to clear your doubts about how to improve your credit chances after bankruptcy.

                  It is important for people to understand that the ill effect of bankruptcy does not last forever. Many people who file for bankruptcy already have a bad credit score, so filing for bankruptcy is not going to make much change to their credit score. However, for people who have had a good credit rating, their credit score might take some time to get back. After bankruptcy, you can start with a clean financial slate and with regular and timely payments you can bounce back in no time. Though bankruptcy stays on your credit report for up to 10 years, your credit can bounce back with continuous efforts.

                  After bankruptcy, you get numerous benefits associated with a fresh financial start. The situation varies with people having a differing initial score.

                  • Starting with a good score

                  When you have good credit and yet end up filing for bankruptcy, the fall in credit score is more drastic in such cases. However, since most of the individuals are financially savvy, they can work hard and improve the credit rating within a few months of getting their bankruptcy discharged.

                  • Starting with a bad score

                   People with low credit rating do not suffer much from the hit bankruptcy has on the credit rating. Since there is no place lower to go, you can only improve your credit rating after a bankruptcy discharge. Bankruptcy is ideal for such candidates and they can manage their finances better in the future.

                  One of the major myths surrounding bankruptcy is that you can never recover from the hit bankruptcy takes on your credit score. However, it is a misconception as bankruptcy is a means to get a clean slate. Though the effect is not seen immediately, in the long run you can rebuild your credit after filing for bankruptcy. Having an experienced lawyer Dallas can help you get through financial problems with ease for a brighter and secure financial future.


                    *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 Effect Can My Bankruptcy Record Have on My Life?

                    What Effect Can My Bankruptcy Record Have on My Life?

                    A bankruptcy filing is a tough yet necessary decision that people struggling with huge financial debts must make. It may take time to get your debts discharged, depending on the chapter of bankruptcy you’ve filed. While it takes about 3-6 months to get a discharge in a Chapter 7 bankruptcy case, Dallas based bankruptcy law firm Recovery Law Group, informs that a Chapter 13 case continues for 3-5 years’ period before you can get a discharge on remaining unsecured nonpriority debts. However, once you have filed for bankruptcy, the case becomes public record and can be seen by anyone.

                    Bankruptcy can have a detrimental effect on your credit report. In fact, a bankruptcy stays on your credit report for 10 years. While this may sound a big problem, especially for people who have just filed for bankruptcy or got their bankruptcy discharged in the recent past, there is some relief. Most sites that provide bankruptcy record information are not easily accessible and require paid subscriptions; something which general public will not be willing to do. However, people or institutes with whom you are likely to have business interactions such as bank, prospective employer, lenders, etc. might be interested in viewing your bankruptcy. Sometimes, while applying for a job or seeking a loan, there are questions which specifically ask about any previous bankruptcy. If you file for any loan or credit after bankruptcy your credit report will inform the bank or private lender about your situation. You might still be able to qualify for the loan if improve your credit rating by making regular and timely payments.

                    Though you might find all this overwhelming, it is important to remember that filing for bankruptcy is important to get rid of huge amounts of debt which you have no means of paying. Additionally, you have no control and legal control over who can and will access your bankruptcy records. What you can do is ensure that you come out of bankruptcy better; by learning how to manage your finances. Eventually, within a couple of years, you might again be eligible for a house mortgage, student loan or car loan. Bankruptcy is meant to be an aid for assisting people with a fresh financial start. For more details about how filing for bankruptcy can help you get out of the difficult financial situation, contact expert bankruptcy lawyers 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.

                    • Are You Prepared for Meeting of Creditors During Bankruptcy?

                      Are You Prepared for Meeting of Creditors During Bankruptcy?

                      Filing for bankruptcy is followed by a creditors’ meeting also known as 341 meetings. This meeting generally takes place within 30 days of bankruptcy paper filing. The meeting is attended by the bankruptcy filer, their attorney, the bankruptcy trustee and the creditor(s). According to Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, during the meeting, the filer is questioned by the bankruptcy trustee about the information provided along with the bankruptcy papers. This includes queries regarding the income, assets, and expenses of the debtor, debts, and creditors listed and other relevant questions including details of any previously filed bankruptcy.

                      Along with the bankruptcy papers, you are also required to submit documents which serve as a support to your bankruptcy papers. The documents included are:

                      • Pay slip or pay stubs to verify your income
                      • Recent tax returns
                      • Property evaluation
                      • Vehicle registration
                      • Mortgage and other loan statements
                      • Bank account statements
                      • Retirement account statements

                      Can having an experienced bankruptcy attorney by your side help your case?

                      Though you can file for bankruptcy without a lawyer too, many times people miss out on not just finer details but also hinder their chances of getting their bankruptcy discharged by forgetting important details regarding their financial situation. Having an adept bankruptcy lawyer by your side can help you review all the information prior to filing bankruptcy papers as well as the creditors’ meeting. They can help you prepare for the meeting, including going over the entire information you provided and help with any amendments in the bankruptcy forms prior to the meeting. Other advantages of having a lawyer by your side include:

                      • Preparing required paperwork
                      • Filing of the documents in bankruptcy court as well as other related legal units
                      • Manage your financial information like income, assets, expenses, and debts
                      • Take care that all papers related to bankruptcy filing are accurate and thorough
                      • Make sure that all local and state laws, as well as procedures, are followed

                      Your bankruptcy attorney can represent you at the hearing in your place and ensure that your rights are not forfeited and that your losses are reduced. They can represent all the facts related to your case as well as argue on your behalf during the meeting and advise you during the entire duration. In case you are worried about the number of legalities involved in a bankruptcy, you should consult affordable expert bankruptcy lawyers Los Angeles at 888-297-6023 to clear your doubts.


                        *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.