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Category: Chapter 7 Bankruptcy

  • What If Your Ex Gets a Tax Bill Once You File for Bankruptcy?

    Call: 888-297-6203

    Suppose, you and your partner own a house together, and you both are on the first and the second mortgage home equity loan. After you split-up, your partner (now your ex) transfers his or her share of the house to you through a settlement agreement. You can’t refinance the house in your name only, as it doesn’t have any equity, and so your lender doesn’t take off your ex’s name from the mortgage.

    Now, you have lost the house in foreclosure after applying for bankruptcy. The second mortgage holder forgives your debt as you’re now protected by bankruptcy, but issues an IRS 1099 to your ex, which makes your ex crazy with anger. Are you liable to pay any tax money to your ex under such conditions?

    Normally, you are not under any legal obligation to repay for any income taxes that your ex might owe. The domestic settlement agreement might state that you have to reimburse the extra taxes that your ex might owe, but any obligation to do so will probably get discharged in your bankruptcy. This might happen under the following conditions:

    • Listing Your Ex in Your Bankruptcy – Assuming that your debt is dischargeable, your liability to repay your partner for extra taxes might discharge in bankruptcy, if you list him or her as your creditor in bankruptcy papers (because the partner is a co-obligor on the mortgage debts).
    • Not Listing Your Ex in Bankruptcy – In this case, the unlisted debt to your ex might be discharged, if it’s a normally dischargeable debt and the bankruptcy is a ‘no asset bankruptcy case’ (Chapter 7 bankruptcy are mostly ‘no asset’ cases). You can know more about ‘no asset’ cases and dischargeable debts in Chapter 7 bankruptcy by visiting https://www.staging.recoverylawgroup.com/ or calling 888-297-6203.

    Domestic Settlement Agreement

    This agreement, between two partners, divides all the joint assets and assigns responsibility to each partner to repay the joint debts. Now, since you have the house, only you’ll be liable to pay the mortgages and your ex is not supposed to be a part of any mortgage or other debts that you owe. As mentioned above, you will be liable to reimburse extra tax to your partner. Normally, such liabilities are not dischargeable in bankruptcy, in case the agreement is made with a child, spouse or a former spouse. But if you didn’t marry your ex, you are more likely to get a discharge, provided you list your ex in bankruptcy, and if not, then it is a ‘no asset’ bankruptcy case.

    Is There Any Chance That Your Ex Might Not Owe Any Income Tax on the Pardoned Mortgage Debt?

    Yes, it is possible if your ex is insolvent. The insolvency can be determined by adding up the value of your partner’s assets and comparing it to the number of their remaining debts (including the previous second mortgage). If the debts are greater than the value of assets, your ex is insolvent. So, if your ex is financially insolvent in the same year as the debt is pardoned, he or she won’t liable to pay any tax on that debt. Your ex just needs to provide reasonable evidence for it.

    There was one more way to avoid the tax on pardoned mortgage debt. Congress had created an exception in the mortgage forgiveness tax, according to which you won’t be obliged to pay any tax on the pardoned debt if you and your ex used the second mortgage money to buy or to improve the house. However, this exception was ended in December 2013, although there was a possibility of its extension. You can confirm the extension of this law by consulting the Recovery Law Group at the contact details mentioned above.

    Thus, the bottom line is that your ex can’t force you to pay the tax debt which is discharged in bankruptcy, as it will be against the bankruptcy court’s discharge orders. Just simply write a letter to his or her lawyer, to defend your position.


      *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.

    • New Statistical Change in Median Income figures and Means Test for Bankruptcy

      New Statistical Change in Median Income figures and Means Test for Bankruptcy

      Call: 888-297-6203

      The median income for families and individuals of the 50 states of the United States, including the District of Columbia, had undergone new statistical changes, which was published by the United States Census Bureau. The new changes in the median income made by the Census Bureau were applicable from November 2014. Do refer to the new numbers before filing for bankruptcy.

      Is state median income important in bankruptcy?

      The statistics of median income, for different family sizes, vary from state to state. If you’re planning to file for Chapter 7 bankruptcy, you may be required to pass the means test, depending upon the median income of each state. The means test analyses your income and expenditure and confirm your eligibility to repay a set amount of money to the creditors. In case you’re capable of repayment, you’ll be asked to apply for Chapter 13 bankruptcy, instead of Chapter 7.

      Under the circumstances, where your income is less than the median income, you’ll automatically qualify for Chapter 7 bankruptcy without any need to give the means test, provided you fulfill the other eligibility criteria of Chapter 7 bankruptcy.

      How to access the median income chart for bankruptcy?

      A chart, enumerating each state’s median income for different family sizes and individuals, can be easily accessed on the U.S. Trustee Program’s website. The chart lists the median income for a family of two, family of three and a family of four. In case you have more than four members in your family, you can calculate your median income by adding $8,100 to the 4-person figure, for each extra person.

      For more information on the mean test and median income, visit https://www.staging.recoverylawgroup.com/ or contact 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.

      • Filing for Chapter 7 Bankruptcy? Your Timeline is Very Important

        Call: 888-297-6203

        A bankruptcy filing can be a scary affair for many since they are already worried dead about the repercussions, they could face due to it. However, all of this fear is unfounded say Dallas based bankruptcy law firm https://www.staging.recoverylawgroup.com/. With experienced attorneys by your side, you will be guided regarding when to file and what to expect after the filing of bankruptcy. Additionally, they will also inform you what to do and avoid before filing for bankruptcy. If you need to discuss your case with experienced bankruptcy attorneys, you can call at 888-297-6023.

        According to bankruptcy lawyers, if you are thinking of bankruptcy, it is important that you are well versed with the timeline of bankruptcy.

        • 6 to 8 years before Chapter 7 bankruptcy filing – In case you have previously filed a Chapter 7 bankruptcy and got your debts discharged, you cannot file another Chapter 7 petition before 8 years. If you had previously filed for a Chapter 13 bankruptcy and received a discharge, then you can file a Chapter 7 bankruptcy petition, after 6 years, if you had paid almost 70% of your unsecured debts.
        • 1 year before filing – While going through your financial records, a bankruptcy trustee can look up to 1 year back for any debts paid to relatives or close associates. Any such payment can be construed as preferential payment and can be reversed. This will then be paid to other creditors. in case you tried to hide any asset by transferring it or hiding it within 1 year of the bankruptcy filing, then you might be denied a discharge and the property recovered. It is therefore recommended that you wait for 2 years to be sure that no such thing happens.
        • 90 days prior to filing – You are required to have residential status in the state of the bankruptcy filing. If not, you should have lived for at least 90 days in the state before filing bankruptcy there. If the minimum duration is also not fulfilled, then you should file for bankruptcy where your main assets were located for the most part of 180 days prior to a bankruptcy filing. Additionally, you should neither make any new debts ($500 or more), nor pay any creditor in full during this period.
        • Filing of bankruptcy – Once you have filed for bankruptcy, the automatic stay is enforced. This prevents your creditors from pursuing any collection action including harassing phone calls. a Notice of Commencement is drafted by the court and mailed to your creditors informing them of your bankruptcy filing. It also provides information regarding the time of 341 Hearing which is the deadline for your creditors, for filing their claims and who will be the bankruptcy trustee.
        • 30 days after filing for bankruptcy – you need to inform the court of your secured assets which you intend to keep or reaffirm. This is done by filing a Statement of Intentions in Court. This also helps in informing the Court which secured assets you are turning over to your bankruptcy estate.
        • 3-6 weeks after bankruptcy filing – Meeting of Creditors takes place by now. You need to provide all financial documents to the Bankruptcy trustee a minimum of 7 days prior to this meeting.
        • 30 days after Meeting of Creditors – Any objection that any of your creditors or your bankruptcy trustee has to your petition must be filed within these 30 days.
        • 90 days after Meeting of Creditors – Creditors should file their Proof of Claim with Court which tells how much you owe them. Unless a Proof of Claim is submitted by a creditor, they won’t get paid from your Bankruptcy Estate.

        Though this provides an approximate idea of what happens when you file for bankruptcy, you should consult hiring an experienced bankruptcy attorney to get all your questions answered.


          *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.

        • Does Social Security Income Play a Part in the Chapter 7 Means Test?

          Call: 888-297-6203

          Means Test forms an important part of the Chapter 7 bankruptcy case says lawyers of Los Angeles based bankruptcy law firm https://www.staging.recoverylawgroup.com/. Your ability to pass the Means Test determines your ability to file for Chapter 7 bankruptcy. this test is based on your income and household size. For you to be able to pass this test, your median income should be less than the median income for a household of the same size in your state. The previous six-month income prior to a bankruptcy filing is taken into consideration.

          Every state has a different limit. In case the median income is below the numbers specified for your household size, a “short-form means test” needs to be completed. If, however, your median income is above the median income, you have another option available. This test determines whether your income and expenses make you eligible for Means Test. Mortgage or car loan can lower monthly income so that you can probably qualify for Chapter 7 bankruptcy.

          Which incomes are included in Means Test?

          Considering that your average household income is important for you to pass the Means test, you should be aware of which incomes are included in this test. In Schedule, I, all types of incomes including your expected monthly income are listed. However, all of them are not included in the Means Test. The incomes which matter include:

          • Income generated through regular employment, business, retirement, pension, etc. You should also include any child support or alimony income that you receive in Means Test.
          • Disability income including Social Security Disability and Veteran Affairs Disability is not included for Means Test.

          If your income becomes high enough (due to Social Security or VA benefits) to disqualify your Means Test, you can avoid including them and thus qualify for Chapter 7 bankruptcy. If you are thinking of getting rid of debts through Chapter 7 bankruptcy, qualifying the Means Test is a necessity. You should consult an experienced lawyer regarding whether you can qualify for Chapter 7 or not. Discuss your case with skilled bankruptcy attorneys 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.

          • Which Deductions are Allowed in Means Test for Chapter 7 Bankruptcy?

            Which Deductions are Allowed in Means Test for Chapter 7 Bankruptcy?

            Call: 888-297-6203

            If you have a huge backlog of debts that you have been unable to get rid of, Chapter 7 bankruptcy is ideal for you. However, Los Angeles based bankruptcy law firm https://www.staging.recoverylawgroup.com/ says that to be able to get your debts discharged through Chapter 7 bankruptcy, you need to pass the Means test. Passing the Means test is an essential requirement for qualifying for Chapter 7 bankruptcy. Since Chapter 7 bankruptcy gets rid of the majority of the debts, prevention of its misuse by high-household income people is essential. Certain expenses are deducted from the income which might help you qualify the Means test. It is also used to calculate your disposable income in case of a Chapter 13 bankruptcy.

            The expenses which are deducted from the household income are essential expenses like food, housing, utilities, and other monthly expenses. These expenses have a predetermined fixed amount as per IRS local and national standards. Apart from these, other expenses which are considered essential and deduction of which can allow you to pass Means test include:

            • The mandatory court-ordered payments including alimony and child support.
            • Childcare expenses such as day-care, babysitting, etc. can be used for deductions.
            • Any expense incurred while taking care of an elderly, ill or incapacitated family member which may include nursing care, personal attendant, medicines, etc.
            • Any monthly amount that you must pay for your term life insurance policy can also be deducted.
            • You can also deduct the monthly mortgage and/or car loan payments you make. However, it is important to keep in mind that the amount allowed is the average of what is due over the next 60 months.
            • If you are expected to pay for compulsory retirement contributions, union dues, etc. by your employer, you can claim that these amounts should be deducted from Means test as these are involuntary employment expenses.
            • Any educational expenses incurred for a disabled child or that required for employment can also be deducted.
            • If you have been regularly contributing for any charitable foundation, these contributions too can be deducted from Means test.

            It is, however, mandatory for you to prove your long history of these expenses if you wish to have some rebate and qualify for Chapter 7 bankruptcy. though individually, the expenses might not be huge, cumulatively, they can add up to an amount which may help you pass the Means test if your income is just above the state median income. If you wish to get rid of your debts through Chapter 7 bankruptcy, experienced lawyers can help find out whether you can qualify for Means test or not. you can schedule an appointment with qualified bankruptcy attorneys by calling 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.

            • Homeowner’s Equity in Chapter 7

              Homeowner’s Equity in Chapter 7

              Call: 888-297-6203

              Filing for bankruptcy is a tough decision for people. This is like admitting that they have been unable to manage their finances in a responsible way. However, once you have run out of options to get rid of your debts, filing for bankruptcy might be ideal. Individual debtors can choose from Chapter 7 or Chapter 13 bankruptcy, though most prefer the former over latter. It is important to remember that while getting rid of debts, you might end up losing some of your assets when you file for Chapter 7 bankruptcy. As per lawyers of Los Angeles based law firm Recovery Law Group, the government has provided exemptions which can help people protect their assets during bankruptcy proceedings.

              Bankruptcy is a way to allow people to start their lives with a clean slate. This can happen if they are able to retain essentials for living like a home, a vehicle, household furnishings, etc. Both state and federal government offer exemptions, though, it will be foolish to assume that you will be able to save all your assets when you file for bankruptcy. Compared to Chapter 13 bankruptcy, Chapter 7 offers lesser flexibility and lower exemption.

              Bankruptcy filers can choose between federal and state exemptions to protect the equity in their property. The bankruptcy attorney can guide you as to which would be most beneficial for you. If, however, you intend to file for Chapter 7 bankruptcy and are able to qualify for it, it is important that you are aware of the amount of equity you have in your home as well as the amount of equity exempted as per your chosen set of exemptions. Though growing equity in the house is great; but, if you wish to retain your house, having low equity on your home would is an asset.

              The legal language might be complex for ordinary people and therefore it is important for you to hire experienced bankruptcy lawyers for your case. While considering bankruptcy, it is vital that you are aware of the specific requirements of the state and the chapter of bankruptcy you are filing under. Filing for bankruptcy without understanding the complications can drag you into problems worse than you are already facing. To consult with expert bankruptcy lawyers, you can call 888-297-6023 and schedule 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.

              • Is Chapter 7 Bankruptcy Your Best Bet to Get Rid of Debts?

                Is Chapter 7 Bankruptcy Your Best Bet to Get Rid of Debts?

                Call: 888-297-6203

                Money comes, money goes. The saying best describes the monetary situation of most people. There is no dearth of individuals who are struggling to make ends meet. You will hardly find someone who has not faced money problems in their life. If you are currently going through a bad financial phase and have accumulated a large amount of debt, then, bankruptcy might be a way out. However, there are various chapters of bankruptcy and it might be a bit too much for a layman to understand which chapter will work best for them. According to Dallas based bankruptcy law firm Recovery Law Group, people generally prefer to opt for Chapter 7 bankruptcy as it offers to get the majority of your debts discharged within 3-6 months of filing. This chapter is also beneficial if you are on the verge of foreclosure. However, it is important to consider certain factors before filing for Chapter 7 bankruptcy.

                • Do you qualify for Chapter 7 bankruptcy?

                Chapter 7 has stringent measures when it comes to qualifying for it. In order to qualify for Chapter 7 bankruptcy Dallas , your past six months’ income must be less than or equal to the median income in your state. Additionally, you might also need to show that you do not have enough disposable income to pay back your debts through Chapter 13 repayment plan.

                • What happens to your assets?

                Anything and everything you own becomes part of the bankruptcy estate when you file for bankruptcy. In the case of Chapter 7, the court can sell your non-exempt property to pay your unsecured creditors while discharging the remaining unsecured nonpriority debts.

                • How to deal with secured debts?

                Secured debts are those debts against which the creditor has collateral such as an automobile loan, mortgage, etc. They are not discharged in bankruptcy. However, you have the option of either reaffirming or redeeming the loan or surrendering the property. In the case of the former two, you can keep your property while coming to a payment agreement with the creditor.

                Since bankruptcy is a complex process, involving numerous forms and fees, it is better to let professionals deal with it as all of this can be extremely overwhelming especially when you have immediate financial concerns. Seek professional assistance from experienced bankruptcy lawyers by calling 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.

                • Why Do People File for Chapter 7 Bankruptcy?

                  Why Do People File for Chapter 7 Bankruptcy?

                  Call: 888-297-6203

                  Owing someone something is one of the worst things. Nobody likes to be reminded of this fact. Being in debt is all this and more since the creditors are always at your door asking for their dues. For people who have amassed a large debt, a bankruptcy filing is probably the best way out. Individual debtors have the option of filing under Chapter 7 or Chapter 13 bankruptcy; however, Chapter 7 is probably the preferred choice for almost all debtors. According to Dallas based bankruptcy law firm Recovery Law Group, the top reasons why people choose this chapter of bankruptcy are:

                  • Get a fresh Filing for Chapter 7 bankruptcy wipes your slate clean. Your entire unsecured non priority debts such as medical debt, credit card debt, personal loans, etc. are discharged thereby providing you a chance to start afresh.
                  • Retain future income. Unlike Chapter 13 where you end up repaying your creditors with your future income, Chapter 7 gets all your debts discharged without any such obligation.
                  • Discharge within months of filing. In this bankruptcy chapter, debtors get a discharge within 60-90 days of filing. This is fast when you compare it with Chapter 13 bankruptcy, where discharge is typically given after 3 to 5 years from the date of filing.

                  Though bankruptcy filing is generally the last resort, you need to consider the benefits over continuously living under the threat of creditors. For knowing more about your legal rights as a debtor, it is important you consult with experienced bankruptcy lawyers Dallas. You can do so by calling 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.

                  • Which Financial Situations Could Warrant a Chapter 7 Bankruptcy?

                    Which Financial Situations Could Warrant a Chapter 7 Bankruptcy?

                    Call: 888-297-6203

                    Managing finances is a tricky affair. People often find it difficult to keep their finances above board. However, there can come a time, when you might have to consider bankruptcy as an option. Individuals can opt for Chapter 7 or Chapter 13 bankruptcy; however, the former is preferred. According to Los Angeles based bankruptcy law firm Recovery Law Group, the situations where Chapter 7 bankruptcy is the best way out include:

                    • Majority of your debts are due to excessive use of credit cards. Heavy reliance on credit cards can lead to an excessive amount of loans which can send anyone down the rabbit hole.
                    • Foreclosure notice can be a rude shock for anyone. You could end up losing your home if you are behind mortgage payments. Banks can foreclose on your property if prompt action is not taken. Filing for bankruptcy under Chapter 7 puts an automatic stay in place which prevents any collection action including foreclosure.
                    • If you are heavily under debt, wage garnishment is a reality which cannot be avoided. Lenders can garnish your salary to collect against your debt. The automatic stay can put a hold to wage garnishment also.

                    Though these reasons aren’t enough, they give you a general idea of when to look for bankruptcy as a way out. It is important to know the pros and cons of bankruptcy before you decide to file for it. You can consult with experienced bankruptcy lawyers Los Angeles about your case 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.

                    • Can All Debts Be Discharged in Chapter 7 Bankruptcy?

                      Can All Debts Be Discharged in Chapter 7 Bankruptcy?

                      Call: 888-297-6203

                      Among the various chapters of bankruptcy, people prefer to file under Chapter 7. This is because you can eliminate almost all the unsecured debt to lead a debt-free life. However, before you become overjoyed with the idea of getting rid of all your debts, it is important to know that not all debts are discharged, even in Chapter 7 Bankruptcy. Dallas based bankruptcy law firm Recovery Law Group informs you about the different debts which are not discharged in a Chapter 7 bankruptcy:

                      • Child support and alimony
                      • Student loan debt
                      • Debts due to penalties for driving under influence resulting in death or personal injury
                      • Tax debts and debts incurred due to non-payment of federal taxes
                      • Any debts incurred due to fraudulent activities
                      • Debts due to specific fines and penalties
                      • Any debts which you failed to list in the Chapter 7 form

                      Before you think of filing for bankruptcy, it is important that you take stock of what type of debts can be discharged and what can’t. This will provide you with an idea of whether filing for bankruptcy under Chapter 7 will be beneficial for you or not. In case, you find that Chapter 7 is your best bet for improving finances, you should seek the counsel of an experienced bankruptcy lawyer. If you wish to consult with expert lawyers regarding your bankruptcy, 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.