Bankruptcy

Be Relieved of Back Rents in Bankruptcy

A common scenario in the cases of individual bankruptcy filings is the surplus amount of back rents that the debtor has. It amounts to a large value that at times the debtor is on the verge of eviction by his landlord because of the past dues. Having arrears with your rent may seem a threat and the question about how easily these back rents can be discharged is a constant thought in the minds of the debtor. Do not worry! Rent arrears are also your unsecured debts, similar to your medical bills and credit card payments that can [...]

2019-05-16T10:17:17+00:00
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Find Out How Bankruptcy Help You Get Rid of a Personal Guarantee

Ever for the reason that 2008 housing crisis, obtaining a private loan is more complicated than it was—basically because economic institutions have tightened their lending standards. to enhance the odds of getting a mortgage, you can ask a person to be a guarantor (an person or company that pays an responsibility if the borrower fails to achieve this). Or, if you’re making use of for a commercial enterprise mortgage, you may conform to assure the mortgage with your personal property. If the non-public assure comes due, and the guarantor doesn’t have the finances to pay it off, in [...]

2019-05-16T10:17:03+00:00
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Means Test of Bankruptcy

Before you want to file for bankruptcy, you may be required to take the means test. The means test can help you conclude the type of bankruptcy that you are eligible for – so in case that you pass this test, you can file for a Chapter 7 bankruptcy and if you do not clear this, you are still eligible to file Chapter 13 bankruptcy. The means test has to be calculated precisely so as to know which chapter to file the bankruptcy case against. Typically, there are two types of personal bankruptcies. Chapter 7– In this chapter of bankruptcy, most of the debtor’s assets are liquidated by a bankruptcy [...]

2019-05-10T13:30:26+00:00
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More About Emergency Bankruptcy Filing

The process of filing for bankruptcy usually involves the filling of various forms along with your bankruptcy petition – these forms are mandated by the court. Along with the forms, the debtor needs to gather all supporting information or documentation. This can take up a lot of his time. In cases, where the debtor is really stuck with a crisis situation like the foreclosure of a home or a wage garnishment, then he can file an emergency bankruptcy by filling a few of the needed forms to get the process started. Why an emergency bankruptcy? As soon as you file [...]

2019-05-10T13:31:29+00:00
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Emergency Bankruptcy Filing

The process of filing for bankruptcy usually involves the filling of various forms along with your bankruptcy petition – these forms are mandated by the court. Along with the forms, the debtor needs to gather all supporting information or documentation. This can take up a lot of his time. In cases, where the debtor is really stuck with a crisis situation like the foreclosure of a home or a wage garnishment, then he can file an emergency bankruptcy by filling a few of the needed forms to get the process started. Why an emergency bankruptcy? As soon as you file [...]

2019-05-13T07:00:59+00:00
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Bankruptcy Process – California, Nevada, and Texas

The knowledge about the execution of the bankruptcy process will be important for a debtor. From the first day of consulting with a renowned bank attorney, Los Angeles (if the debtor lives in LA regions of the California state), the bankruptcy case starts through the meticulous step-wise process. Working with Recovery Law Group will make the journey of a debtor easy and transparent – they practice in the states of California, Nevada, and Texas. The first step in the bankruptcy process is the stopping of any harassment by the debt collectors and in extreme conditions, a lawsuit on behalf of the debtor is filed by the bank attorney. This lawsuit [...]

2019-05-09T12:26:42+00:00
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Are Debt Collectors Still Harassing You? Here’s What You Can Do

If you are facing economic problems due to which you are unable to make payments on your dues and are being harassed by collection agents, then you are in for luck. As per lawyers of Los Angeles based law firm Recovery Law Group, under certain circumstances, such collectors can be held liable for harassing people and may have to pay the consumer for calling them up on cell phone. According to Bankruptcy Attorney Los Angeles, there are strict laws in place which prohibit the use of automated dialling machines by debt collectors. However, it is important that you recognize the signs of automated [...]

2019-05-09T12:26:14+00:00
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Alternatives to Bankruptcy Filing

Many see bankruptcy as the only solution to handle their crisis of debts. But an experienced bank attorney, Los Angeles (for those living in California) or an acclaimed law firm such as Recovery Law Group, who also operate in states of Nevada and Texas, will be able to easily access your condition and provide options to the debts problems of the consumers. Remember that paying off your debts in a regular way is the best way to clear off the dues. […]

2019-05-09T12:26:05+00:00
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Worried About Your Debt Problems? Trust Bankruptcy Lawyers to Resolve These Issues for You

Many people who are trying to make their ends meet while simultaneously struggling to pay their dues are often worried about how they are going to pass this phase. Since credit ratings are of huge importance, non-payment of dues will result in bad credit ratings which will make things worse. In case you are facing wage garnishments, worried about foreclosure, repossession of your vehicle, etc., then it is time to look for bankruptcy lawyers near me. One of the best Bankruptcy Attorney Los Angeles firm, Recovery Law Group is committed to helping out families and individuals who are going through a bad financial phase and [...]

2019-05-09T12:25:55+00:00
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Thinking of Filing for Bankruptcy? Here are the Things You Should Avoid Doing

In case you are having trouble in managing your finances and the debts keep on surmounting, bankruptcy is legal recourse available to take care of the situation. However, there are certain things to be kept in mind if you are considering filing for bankruptcy. It is important to consult a bankruptcy lawyer such as those of Los Angeles based law firm Recovery Law Group to help you prepare for your case as well as the outcome. It is important that you are aware of the changes your life will take after the bankruptcy case gets over. Bankruptcy lawyers [...]

2019-05-06T10:06:38+00:00
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