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  • Can Bankruptcy be the Solution for Identity Theft Related Debts?

    Call: 888-297-6203

    Identity theft is a common issue across the country. People often face numerous issues because some obscure person managed to steal their identity. One of the worst problems is the amount of debt which identity thieves accumulate, which unfortunately gets reflected on your credit report. This can have grave consequences according to lawyers of Dallas based bankruptcy law firm Recovery Law Group. You might have to bear the brunt of aggressive debt collectors despite your repeated attempts to assure them of your innocence.

    How to deal with identity theft?

    Whenever you become aware of any identity theft fraud, it would be ideal to file a police report against it. if you are in luck, the perpetrator of the crime might get caught; however, most of the times, the culprits are sitting miles apart from you and therefore almost impossible to get hold of. Since, people who have stolen your identity, have done it for the purpose of exploiting it completely (incurring huge amounts of debts), the next important thing is to contact your credit card companies and inform them about the issue. You can also provide them with a copy of police report to assure them that the debts currently being charged on your credit report are not a result of your activity.

    Unfortunately, the debts on your credit report end up giving you a bad credit which you must deal with. Despite proving your innocence, credit companies might ask debt collection agencies to collect on the debt. Debt collectors’ resort to all kinds of harassing and threatening tactics, including intimidating phone calls and letters, calling at odd hours, etc. All of this can be quite intimidating and troublesome. If you have been facing such a situation, looking for an attorney might probably be a good idea. Call experienced bankruptcy attorneys at 888-297-6023 and discuss your predicament with them.

    Bankruptcy might be the solution you have been looking for, in order to get rid of the debts resulting from identity theft. Generally, these thefts are due to credit card debts or personal loans, which are unsecured nonpriority loans. Such debts are discharged during bankruptcy which will result in improving your credit score eventually. With time, after your credit score improves, you can apply for a new credit card. Though filing for bankruptcy is a last resort in case of identity theft, it is better to hire an attorney than to deal with every credit card company individually. With the help of an experienced bankruptcy attorney, you might be able to get back at life after identity theft.


      *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 Filing for Bankruptcy Affect You as a Renter?

      Can Filing for Bankruptcy Affect You as a Renter?

      Call: 888-297-6203

      Bad things can happen to good people; however, this shouldn’t stop you from living your life. If due to some unfortunate streak of events, you end up accumulating a huge amount of debt, it should not hamper your chances of living a normal life. Many people are worried about the negative effect filing of a bankruptcy can have on their ability to get a house on rent. You can end up protecting your home in bankruptcy, but if bankruptcy appears on your credit report, will it create a problem for you as a renter? The answer, according to Dallas based bankruptcy law firm Recovery Law Group lawyers is NO.

      Most of the ill-effects of bankruptcy are much-hyped to dissuade people from getting rid of their debts. Your ability to get accommodation on rent will depend on a lot of factors and not just your bankruptcy filing and discharge. Though, as a bankruptcy filer, you might have to give a larger security deposit or must comply with additional rules, but things aren’t as bad as projected. The time gap between your opting for a new rental agreement and your bankruptcy filing also makes a difference. Some of the most common factors that can affect your ability to get a house on rent include:

      • Rental history

      Your rental history before bankruptcy filing plays an important role in you getting a house on rent later.

      • Date of the bankruptcy filing and credit history post-filing

      Bad times can affect anyone, what matters is how you deal with them. Your credit history after your bankruptcy discharge will play a huge role in getting you a house. A potential landlord is impressed if they see that you have been striving in the right direction and making efforts to improve your credit score. This shows your determination as well as your character.

      • Reason for a bankruptcy filing

      Many times, an unexpected turn of events might force even the best of people to fall behind on payments. While house hunting, a prospective landlord may ask you the reason for your bankruptcy filing. Admitting to the series of unfortunate events which are to be blamed for your bankruptcy might soften their approach towards you.

      • Your income including disposable income

      A steady income is better than a large income anytime since you are more likely to pay your bills on time. Moreover, your disposable income, i.e. the income left after paying all monthly bills along with debt obligation also plays an important role.

      Filing for bankruptcy might be difficult for you emotionally, however, it is the best way you could get rid of your debts. To know more about the positive effects of bankruptcy you can call 888-297-6023 and speak with qualified bankruptcy attorneys Dallas.

    • An Increase Seen in Bankruptcy Filing in Elders

      Call: 888-297-6203

      When people are unable to repay their debts and find no other way out, they opt for bankruptcy. In recent years, there has been an increase in the number of elders filing for bankruptcy. compared to young filers, the number of senior citizens filing for bankruptcy has tripled in the past 25 years. According to Dallas based bankruptcy law firm Recovery Law Group, the reasons why bankruptcy filing has seen an increase in older debtors are:

      1. Higher healthcare costs

      With increasing age, health complications are bound to happen. Thanks to erratic lifestyle, diseases like diabetes, hypertension, and obesity are on the rise. This causes a huge increase in medical expenses, which has not been initially catered for. This can throw any retiree under huge debt.

      1. Reduced income avenues

      Once you reach a certain age, your ability to work more than one job decreases. Thus, your average income also gets reduced. Managing your expenses within something as low as $17,390 (average income of older American bankruptcy filers) can be quite difficult.

      1. Delay in getting full social security

      Partial social security benefits are available for people from the age of 62 years, while full social security benefits are provided once you attain the age of 66 years and 4 months. This delay can result in incurring a huge amount of debts.

      1. Plunging retirement accounts

      Most people are not good planners. Not saving enough in your retirement funds can lead to monetary issues when your heydays end. Any unexpected expense, such as sudden ailments, etc. can result in you ransacking your pension accounts.

      1. Increasing debt

      The current generation and the one before them have often taken loans to fulfill various requirements. Caring for the elderly as well as taking care of the tuition fees of kids can leave you with huge amount of debts. Over time, the debts increase abysmally leading you towards bankruptcy.

      1. Too little too late

      Most people keep on adding to their debts over their entire working life, with the idea that they will be able to pay it off. However, the realization dawns in a bit too late that the debts have added to create a huge burden which won’t be handled without assistance.

      As soon as you realize that you will not be able to manage your debts on your own, it is important to seek consultation with professionals. You can call 888-297-6023 to schedule an appoint with experienced bankruptcy lawyers Dallas to know more about your options.


        *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.

      • Automatic Stay Stops Creditors in Their Tracks

        Automatic Stay Stops Creditors in Their Tracks

        Call: 888-297-6203

        When you have fallen behind on your dues, there is no way of preventing the threatening actions of creditors. You will end up facing harassing phone calls and threatening emails seeking legal action against you. Dallas based bankruptcy law firm Recovery Law Group, say that filing for bankruptcy can be the best way to not just get rid of this nuisance but also of a large amount of unsecured debts which are holding you back.

        Once you file for bankruptcy, the court orders the automatic stay order to be served to all the creditors listed in your bankruptcy papers. Once the creditors are served with the order, they cannot continue with the collection efforts. Violation of the automatic stay is a punishable offense and for a change, the creditors will be at the receiving end if they try to contact you.

        Know more about automatic stay benefits:

        It is the first order that is issued by the bankruptcy court when you file your bankruptcy petition. The automatic stay is immediately placed into effect and remains for the entire duration of your bankruptcy case. With automatic stay in place, you are assured that your secured and unsecured creditors cannot initiate any type of collection actions. This means that your property cannot be repossessed, foreclosed or your wages garnished.

        It is also important to realize that since criminal restitution, domestic support and certain property taxes are priority debts and therefore cannot be discharged in bankruptcy, the automatic stay cannot offer protection against them. This order is permanent for all debts which were included in bankruptcy and received a discharge through it. However, if a creditor gets a court order to lift the automatic stay, the protection won’t be accorded.

        Having a bankruptcy lawyer can make things easier for you. If you haven’t hired one, you can schedule an appointment with experienced bankruptcy lawyers to discuss your case by calling 888-297-6023.

      • What Are the Most Common Questions People Ask About Bankruptcy?

        What Are the Most Common Questions People Ask About Bankruptcy?

        Call: 888-297-6203

        When you are left with no other option apart from bankruptcy, people are worried sick because of the myths surrounding bankruptcy. Since most of these myths are bogus, having no relation to the truth, it is important that you discuss this issue with people who are well versed with the facts. Discussing your worst fears about bankruptcy with able lawyers of Dallas based bankruptcy law firm Recovery Law Group, can open your eyes to the fact that bankruptcy can actually do you more good than you ever imagined.

        Here are some questions that can settle your doubts:

        1. What to do if I cannot afford to file for bankruptcy?

        You are expected to pay the bankruptcy filing fee when you file your petition in court. The Chapter 7 bankruptcy filing fees is $306 and that for Chapter 13 bankruptcy is $281. Generally, people who file for bankruptcy have run out of other options. Paying the filing fees might not be possible for them. The court offers a grace period of 120 days to deposit the fees. If you cannot manage it to pay this amount, you can ask for a waiver, which will exempt you from paying any fees.

        1. Can my employer find out about my bankruptcy petition?

        Bankruptcy is mentioned in court records and your credit report. If your employer accesses your credit report they can come to know about your bankruptcy. Another way through which they can know about your bankruptcy is if you were facing wage garnishment and it ceased due to automatic stay provision of bankruptcy. Otherwise, there is no way of them becoming aware of your bankruptcy filing. You should be relieved as you cannot be discriminated based on your bankruptcy, thanks to laws which prevent so.

        1. Will my credit be ruined forever?

        Bankruptcy is mentioned on your credit report for a duration of 7-10 years depending on which bankruptcy chapter you filed in. This makes getting credit a bit difficult. However, it is bad credit, thanks to missed payments and high debt balance, that harms your credit more than bankruptcy. In fact, bankruptcy wipes all bad credit and shows only any good credits you have, which results in a better credit score.

        1. Can I protect my funds?

        State and federal government offer you various exemptions through which you can protect your funds. Generally, when you file for bankruptcy, unemployment benefits, retirement funds, disability or survivor benefits and insurance policies are exempted from being used to pay your creditors.

        In case you have any doubts regarding bankruptcy, you can call 888-297-6023 to discuss them with experienced bankruptcy lawyers.


          *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 Bankruptcy Help with Creditor’s Lawsuits Against You?

          Can Bankruptcy Help with Creditor’s Lawsuits Against You?

          Call: 888-297-6203

          When the going gets tough, managing your finances becomes extremely tricky. Sudden loss of job or medical problems can throw your household economy out of gear. Managing your debt payments may be problematic in such cases. It is no wonder that many people find themselves on the verge of bankruptcy. Despite its disadvantages, lawyers of Dallas based bankruptcy law firm Recovery Law Group say, filing for bankruptcy has many benefits including preventing any legal action against you.

          When you fall behind payments, creditors can pursue all kinds of actions to ensure they get their money back. These include threatening phone calls, letters and emails and even suing you for non-payment of debts. The lawsuit can have grave consequences including liquidation of assets, repossession and wage garnishment too! Thus, if you wish to save yourself from legal action and protect your assets, it is important that you take adequate action.

          Filing for bankruptcy can effectively put an end to all types of collection actions by the creditors. When you file for bankruptcy, your creditors are notified of it. With the automatic stay provision in place, your creditors cannot initiate or continue with any collection action against you. This provides you with an ample amount of time to get your finances in order. Even after a bankruptcy discharge, creditors cannot sue you for any debts that were included in your bankruptcy petition. However, if you forget to include any debt (whether individually or jointly held), you can face a lawsuit from the creditor. If a lawsuit is filed against you during or after your bankruptcy, you should inform your bankruptcy attorney about it. In case you haven’t hired one, you need to call 888-297-6023 and consult with experienced bankruptcy lawyers Dallas.


            *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.

          • How to Prevent Payday Loans Creditors Through Bankruptcy?

            How to Prevent Payday Loans Creditors Through Bankruptcy?

            Call: 888-297-6203

            When people have accumulated huge amounts of debts and run out of options to get cash, they resort to extraordinary measures. A payday loan is one such method which has been used by scrupulous lenders to trick people who have been facing monetary issues out of their hard-earned money. Payday loan has an interest rate of a whooping 99% but dire circumstances require dire measures, hence people agree to this form of a loan. According to Dallas based bankruptcy law firm Recovery Law Group, people who opt for payday loans are often left at a worse condition than before.

            Stopping payday loans is quite difficult, even with bankruptcy. Although bankruptcy can hold most collection actions including foreclosure, repossession, and wage garnishment; when it comes to payday loans, an automatic stay is not enough. This is because, in lieu of a payday loan, you are required to give post-dated cheques to the creditor for the repayment of your loan. Thus, if you wish to prevent those cheques from encashment, you need to make extra efforts. Mere bankruptcy filing won’t be enough in this case.

            Though payday loan lenders can cash the post-dated cheque, an efficient bankruptcy lawyer can ensure that your funds are safe. You can either opt for stop payment on the cheques given to the payday loan lender or close the concerned bank account. Bankruptcy lawyers can guide which would be the better option from the two choices.

            The timing of bankruptcy filing is also important. If you borrow more than $750, and you wish to include this debt in your bankruptcy, you need to wait a minimum duration of 70-90 days. A bankruptcy lawyer Dallas can help you get your papers in order and ensure that most of the debts you have incurred are included in your bankruptcy papers. If you haven’t hired an attorney for your bankruptcy case, you can call 888-297-6023 to schedule an appointment for a consultation.


              *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.

            • Warning Signs That Suggest You Should Consider Filing for Bankruptcy

              Warning Signs That Suggest You Should Consider Filing for Bankruptcy

              Call: 888-297-6203

              For an individual or a business, filing for bankruptcy is probably a stigma that will ruin their credit history and personal name for a long time to come. However, if you could keep your emotions in check, Dallas based bankruptcy law firm Recovery Law Group, says, bankruptcy is probably the wisest decision one could make to take control of struggling finances. It is often difficult to be objective when it comes to the personal economy, therefore, here are a few warning signs that you should consult professionals for seeking advice regarding bankruptcy:

              1. You are finding it difficult to get out of debt

              Unable to pay debts may result in you borrowing money, which will further add to your debts. It is a never-ending vicious cycle which keeps on adding the interest rate. If you find the situation somewhat familiar, it is time for you to seek the guidance of a bankruptcy lawyer. Expert advice is available from experienced bankruptcy lawyers at 888-297-6023 regarding how to use bankruptcy to make a fresh financial start.

              1. Retirement funds are being reduced

              Many people think that using their retirement fund to get rid of debts is a way to avoid bankruptcy; well, they couldn’t be more wrong! Digging into your retirement funds puts your future in the dark while not exactly lifting your present from the darkness of debt. Bankruptcy lawyers will enlighten you to the fact that most unsecured debts get discharged during bankruptcy while your retirement accounts are exempted from being used to pay your creditors. Thus, you are harming your present and future by using retirement funds for fending off creditors unsuccessfully.

              1. A lawsuit is not far away

              If you are unable to pay your loans, creditors might be forced to file a lawsuit against you. With numerous problems, this is something that you cannot afford. Filing for bankruptcy will not only put a hold to such a lawsuit but also other collection actions like threatening phone calls, repossession, foreclosure, and wage garnishment.

              1. Your family is at risk

              Sometimes, creditors can go after other members of your family, like spouse or parents. If this is something that you have experienced, it is time to consult with lawyers about which chapter of bankruptcy would be ideal in your case.


                *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.

              • What is Bankruptcy Audit?

                What is Bankruptcy Audit?

                Call: 888-297-6203

                When any individual files for bankruptcy, whether Chapter 7 or Chapter 13, there is always a possibility of an IRS audit taking place either after filing for the bankruptcy-process or during the process. However, say lawyers of Dallas based bankruptcy law firm Recovery Law Group, that filing for bankruptcy plays no role in this audit. Though bankruptcy can stop all kind of inconvenient actions like threatening phone calls, possible lawsuits, etc., it has no effect on the IRS audit.

                Every year many bankruptcy petitions are filed, out of which several are selected for an audit; however, the chances of a person who has filed for bankruptcy getting an IRS audit are like that of a person who hasn’t filed for bankruptcy. A neutral trustee is appointed to review the bankruptcy petition filed by you. If a bankruptcy audit is expected to take place in your case, you are notified within 10 days of making the bankruptcy claim.

                Bankruptcy audit is essential as it prevents the abuse of the system initially introduced to provide a fresh financial start to deserving candidates. An audit verifies the bankruptcy paperwork submitted along with the case. If the income or expenses vary immensely, there is likely to be an exception audit. A bankruptcy lawyer can come in handy in such instances. If you haven’t hired one, you can call 888-297-6023 to schedule an appointment with experienced bankruptcy lawyers Dallas. Not only will a skillful and adept lawyer help you with getting rid of your debts through bankruptcy, but will also guide you through the bankruptcy audit, if it takes place.


                  *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 You Save Your Vehicle in Bankruptcy?

                  Can You Save Your Vehicle in Bankruptcy?

                  Call: 888-297-6203

                  Filing for bankruptcy is probably the last resort people opt for concerning the ill effects it has on a person’s credit score. Even after they have decided that bankruptcy is probably the only way, they can get rid of the huge mountain of debt that has been crushing them for a long time, their major concern is that they might end up losing their property. Well, Dallas based bankruptcy law firm Recovery Law Group, informs that losing property during bankruptcy is not a common occurrence. With various exemptions in place, people can protect their property.

                  Fear of losing property despite opting for bankruptcy can be an awful streak of bad luck. People are majorly concerned about saving their house and their vehicle as living without either seems next to impossible. A vehicle is no longer a luxury but a necessary item if you wish to save time on commuting. The amount of assets you can save depends on which chapter of bankruptcy you file under. Different exemptions are available for assets of people in different bankruptcy chapters. Secured debts such as vehicle loan can be reserved through other options also. These include debt redemption, debt reaffirmation or surrendering the asset. If you are up to date on your car payments, you can opt for debt reaffirmation or redeem the debt. If, however, you feel you do not need the vehicle, you can surrender it. Since these choices can be quite confusing for a person facing an immense burden of debt, it is advised that you consult with experienced attorneys Dallas regarding it. You can schedule an appointment with a bankruptcy lawyer 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.