Bankruptcy Archives - Page 3 of 40 - Get Foreclosure Help

Bankruptcy Filings Before The Holidays Are Beneficial

Call: 888-297-6203 Bankruptcy filings in Jacksonville are at their lowest from November to February as no one wants to go bankrupt during holidays. The reason for this is that despite being in debt, people are still bound to buy gifts for friends and family. There are many ‘Exceptions to Discharge’ listed in 11 U.S.C. § 523. The goods and services which are reasonable and necessary for the support and maintenance of the debtor and his or her dependents are exempted. Presents, even the traditional ones, will be considered a luxury except if they are especially modest. Such pre-filing [...]

Team Flexsin2019-11-26T10:55:10+00:00

Medical Debts Might Lead To Filing For Bankruptcy

Call: 888-297-6203 According to the Census Bureau, one out of six Americans does not have health insurance. Thus, suffering from an illness or other medical problems has become one of the most common reasons to file for bankruptcy. Most of us are surviving on the edge in the current economic circumstances. According to the data of the Census, revolving debt of about $5,100 is carried by the average American cardholder at any one time. It takes only an illness or an accident to make people fall behind on their bills. After that, the rates of interest are increased [...]

Team Flexsin2019-11-26T10:53:42+00:00

Bankruptcy Attorney Suspended For Giving Bad Advice To The Client

Call: 888-297-6203 George Sadorus’ decision to hire a bankruptcy attorney over the internet proved to be harmful to him. He really should have heard the warning bells when his attorney had asked him to be dishonest with the Trustee about his inability to attend the 341 Meeting of Creditors. A paralegal had advised Sadorus that $8,000 which was there in his bank account would be exempt in the bankruptcy. Later, the paralegal did not inform the attorney about the account, and thus the attorney filed Sadorus’ case without disclosing $8,000 in his account. As soon as the attorney [...]

Team Flexsin2019-11-26T10:52:13+00:00

Importance Of Hiring A Bankruptcy Attorney
Gallery
Importance Of Hiring A Bankruptcy Attorney

Bankruptcy

Importance Of Hiring A Bankruptcy Attorney

Call: 888-297-6203 Filing for bankruptcy is a complex process, especially for the ones who try to do it alone. Thus, it is extremely necessary and beneficial to have a Recovery Law Group attorney to successfully find your way through bankruptcy. A few reasons for this are: There are several calculations involved that need to be done correctly. It’s important for you to know the bankruptcy chapter that you qualify for. One way to do this is to complete a Means test, but it is a complicated thing to do. You will be required to know about the workable [...]

Team Flexsin2019-11-13T12:03:35+00:00

Avoid Concealing Assets In Bankruptcy

Call: 888-297-6203 Desperate times call for desperate measures, however, they might not work every time. if you are thinking of filing for bankruptcy to get rid of the huge amount of debt, concealing your assets is one of the worst things you could do to hamper your chances of getting a discharge say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. Hiding anything, from a small family heirloom to money to property can cause you problems later. You are required to list all items considered your asset in your bankruptcy petition. Just because you are [...]

Team Flexsin2019-11-13T11:41:23+00:00

Hiding Things In Bankruptcy Might Be A Bad Idea
Gallery
Hiding Things In Bankruptcy Might Be A Bad Idea

Bankruptcy

Hiding Things In Bankruptcy Might Be A Bad Idea

Call: 888-297-6203 Honesty is the best policy in life, especially if you are filing for bankruptcy, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. When you file your bankruptcy papers, it is important that you mention all your assets, income and debts and not hide things. This is because sooner or later a disclosure might hamper your chances of getting debts discharged through bankruptcy. In fact, you might even end up getting your bankruptcy discharged or worse, get jail time. since you are required to sign bankruptcy documents, if anything mentioned on them is [...]

Team Flexsin2019-11-13T11:33:55+00:00

Higher Education And Bankruptcy
Gallery
Higher Education And Bankruptcy

Bankruptcy

Higher Education And Bankruptcy

Call: 888-297-6203 People think that pursuing higher education is a sure shot way to success. This thought has been ingrained in the minds of young Americans, many of who feel that if they haven’t attended college and do not possess a degree, they will end up filing for bankruptcy. Although, there is no correlation between bankruptcy filings and student loan debts, any other alternative explanation is unavailable. Lawyers of Dallas based bankruptcy law firm Recovery Law Group say that there are several cases of bankruptcy filers who are either high school educated or have not finished college degree. [...]

Team Flexsin2019-11-13T11:27:52+00:00

Can You File For Bankruptcy If You Have Just Moved To A New State?

Call: 888-297-6203 Financial troubles can hit anyone, anytime. However, if you have recently shifted to a new state and need to file for bankruptcy, you can; but you need to find out about the exemptions. According to lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, exemptions are important to protect your real estate and personal property. Individuals can choose between federal and state exemptions. If you shift to a new place, you cannot use state exemptions as you are expected to stay for a certain timeframe to avail state bankruptcy exemptions. In the case of [...]

Team Flexsin2019-11-13T11:20:40+00:00

Automobile Giant Saab Files For Bankruptcy
Gallery
Automobile Giant Saab Files For Bankruptcy

Bankruptcy

Automobile Giant Saab Files For Bankruptcy

Call: 888-297-6203 Saab, the aircraft manufacturer turned automobile giant has been an innovator. The first of its kinds to come up with heated seating in automobiles, the company had to file for bankruptcy in Sweden, its home country. Since its entry into the automobile sector post-World War II, its sales peaked in 1988 and again in 2006. However, during the period of 2006-2009, a decline of almost 20.3% was observed in Saab sales. As per the Swedish Company Reorganisation Act, any bankruptcy application is approved only if a reasonable cause is present which assumes that reorganization will serve [...]

Team Flexsin2019-11-13T11:14:04+00:00

Bankruptcy Petition Preparers End Up In Trouble With The Court
Gallery
Bankruptcy Petition Preparers End Up In Trouble With The Court

Bankruptcy

Bankruptcy Petition Preparers End Up In Trouble With The Court

Call: 888-297-6203 Many times, people who wish to file for bankruptcy decide to do so on their own, without hiring an attorney. In this case, they need the assistance of bankruptcy petition preparers, inform lawyers of Dallas based bankruptcy law firm Recovery Law Group. Bankruptcy petition preparers are not lawyers but help people file the documents required for bankruptcy. they charge less than the attorney and hence people prefer to hire them. Bankruptcy petition preparers in Wisconsin ended up stirring trouble for themselves and might face criminal charges in court. Bankruptcy judge found Jennifer Abbott; a disbarred attorney, [...]

Team Flexsin2019-12-04T10:13:31+00:00