Chapter 7 Bankruptcy

Know More About Chapter 7 Bankruptcy Exemptions

Bad financial decisions may lead to economic problems. Filing for bankruptcy under Chapter 7 may provide you relief from your debt collectors. However, in the process you might end up losing some of your property. However, all is not lost as people who file for bankruptcy under chapter 7 are allowed to keep certain full exempt property. Exempt property is protected from creditor’s claims by the law. Some states like Colorado allow property to be exempt only under state law. Exempted property includes a portion of or the entire unpaid wages, household furniture, personal effects and home equity. [...]

2019-05-06T09:29:23+00:00
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Chapter 7 Bankruptcy: Can You Keep Your Car under Motor Vehicle Exemption?

Unlike popular belief, you do not lose all your possessions when you file for bankruptcy under chapter 7. Thanks to exemption laws, you can protect property including an unassuming vehicle (car, truck, motorcycle or van). Thanks to your state’s motor vehicle exemption you can protect a certain amount of equity in a car. If you completely own your vehicle (i.e. have cleared all vehicle payment dues or are up-to-date on them) you can take measures to avoid the lenders repossessing your car. In case you lag on your car payments you will have to come up with a [...]

2019-05-06T09:27:33+00:00
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Recovery Law Group Claim to Be a Better Pick as Chapter 7 Bankruptcy Attorney Firm?

This Austin TX based chapter 7 bankruptcy firm, viz. Recovery Law Group, has been helping corporations, families, individuals, and small business owners with formidable financial crisis for years now. We take pride in our elongated experience, resources and skills to assist you, irrespective of how intricate your situation is. […]

2019-08-12T04:42:11+00:00
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Here’s How We Can Help You With Chapter 7 And Chapter 13 Issues

Bankruptcy has been a serious concern since forever, however many homeowners, families and individuals throughout the U.S. consider it the right choice. To understand bankruptcy protection or liquidation process does require an experienced and comprehensively knowledgeable legal professional, who further will guide you through its system. Recovery Law Group is committed to guiding you as you prepare for bankruptcy and protection. […]

2019-08-12T04:33:19+00:00
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