Bankruptcy

Bankruptcy – An Advisable Strategic Move

Since the bankruptcy law overhaul in the year 2005, there has been a forecast of reduction in the number of Chapter 7 and Chapter 13 bankruptcy filings. The Federal Reserve Bank of New York in a report states that this condition could be a trend. On the other hand, it also indicates, that filing for bankruptcy is not as negative and bad as believed by the public. The lack of understanding amongst the U.S. public about the way bankruptcy works is mainly the reason for the forecast of a decline in bankruptcy filings. There’s more to the same [...]

2019-06-14T07:51:57+00:00
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All You Needed to Know About Filing for Bankruptcy for a Second Time

In case you have been through rough financial weather, and have previously filed for bankruptcy, you do not have to worry if you find yourself in a bad financial situation again. Though bankruptcy helps you to get a fresh start, bills can start piling up again. Getting discharge previously does not mean that you cannot file for bankruptcy again. If you find yourself in a similar situation, it is important to know whether you can file for bankruptcy again in California. According to Los Angeles based law firm Recovery Law Group , it is possible to file for [...]

2019-09-18T11:25:43+00:00
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What to Expect While working with a Bankruptcy Attorney?

Financial issues can be quite demanding and confusing at the same time. Though the law does not require that you be represented by a lawyer while filing for bankruptcy, it is often advised to do so. The reason for this is that bankruptcy petition filing or a 341 hearing is much more complex than just filling out a few forms. There is a lot more that a bankruptcy lawyer can help you with. Here’s looking at some of the advantages that having a bankruptcy lawyer brings to the case: Help determine which chapter of bankruptcy will suit your [...]

2019-05-20T09:43:43+00:00
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What Factors Should You Consider Before Choosing Bankruptcy Attorney in Los Angeles?

More often than not, bankruptcy is extremely frustrating. People are often at their wit’s end when they choose bankruptcy as an option. Choosing the best bankruptcy attorney or a law firm that has enough experience in dealing with similar cases can be an asset to your case. Since bankruptcy can have long term consequences, having an in adept legal counsel can help the case a lot. There is no dearth of bankruptcy lawyers in the city, however, it is often difficult to choose one from them. Having some tips available to help you narrow down possibilities can be [...]

2019-05-17T11:22:45+00:00
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Should You Opt for Bankruptcy Planning?

For most people filing for bankruptcy can be quite traumatic. However, if you are aware that it is the only legal option available to take care of the ever-increasing debts, then you can prepare for it. Bankruptcy planning can be quite helpful for your case. In case you are unaware of the provisions of the Bankruptcy Reform Act (2005) and how they may affect your bankruptcy case, you might need the assistance of bankruptcy lawyers such as those belonging to Dallas based law firm Recovery Law Group. Having a bankruptcy attorney by your side can help you with [...]

2019-05-17T11:22:14+00:00
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Possibility of Bankruptcy Relief – Marijuana Businesses?

It is widely known that California has expanded its legitimacy to the California Marijuana business. Hence the question pops up whether the Marijuana or other licensed cannabis businesses will enjoy equal/ same rights under federal law as in the case of other California businesses. That’s is the not case and reading through the below will explain in detail the background of these businesses and how they are restricted from declaring bankruptcy in their businesses. Cannabis businesses and the California Law Since 1996, possession of a small amount of marijuana has been decriminalized. Also, medical marijuana has been legalized [...]

2019-05-17T11:21:55+00:00
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How can Bankruptcy Attorneys in Los Angeles Help Small Businesses?

Financial problems resulting in bankruptcy can be threatening, especially for small and medium-sized businesses. Such a situation is not uncommon and many people and organizations can be seen facing similar situations. However, there is absolutely no need to panic as there are provisions available to protect your business interests. Lawyers of Los Angeles based law firm Recovery Law Group enlighten that you can opt for either restructuring of debt under Chapter 11 bankruptcy or opt to liquidate your assets under Chapter 7 bankruptcy to get rid of your dues. Consultation with bankruptcy lawyers can let you be aware [...]

2019-05-17T11:21:32+00:00
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How can an Inheritance affect my chapter 7 Bankruptcy?

The announcing “timing is the entirety” applies to many things in life, and that consists of how financial ruin can have an effect on your inheritance in Dallas. if you received an inheritance before filing for a chapter 7 financial disaster, it can become part of your financial ruin property much like any of your private home unless you can defend it with a bankruptcy exemption. but what in case you declare financial ruin after which your notable Aunt Estelle dies suddenly and leaves you a fortune? well, that could be a exclusive rely depending whilst she died. [...]

2019-05-17T11:21:22+00:00
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How Bankruptcy Lawyers can Help People Get out of Debts?

Debts can be daunting, especially if they are huge and have been accumulated without ever getting reduced. In such circumstances, it is extremely difficult to make any plans for the future as a majority of the time is spend trying to find a balance between averting crisis involved debt collectors. In order to break this vicious cycle and get ahead in life, you need to consult bankruptcy lawyers to know how bankruptcy can be of assistance for you in these tough financial times. One of the primitive steps that you should take regarding your finances is to be [...]

2019-05-17T11:21:01+00:00
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Details of the Bankruptcy Process in Los Angeles

The economic situation all over the world is dire. This has resulted in many people undergoing severe financial stress. Business organizations, as well as individuals, are facing problems regarding huge debts which makes it difficult to remain afloat. Many people find it tough to manage debts incurred and mortgage payments. If you are facing a similar situation, it is time to consider bankruptcy. Many people often have the wrong idea about bankruptcy, often because of the myths associated with it. Consulting adept bankruptcy lawyers such as those of Los Angeles based law firm Recovery Law Group can make [...]

2019-05-16T13:22:53+00:00
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