Get Foreclosure Help

Tag: affordable bankruptcy Los Angeles

  • Know Everything about PayDay Loan

    Know Everything about PayDay Loan

    The name might be confusing for people who have not faced any financial problems. A payday loan is a short term loan which is due when you get your next paycheque. Most of the times, the loan is taken due to some financial problem causing an unexpected increase in expenses (medical ailments, etc.) It is a difficult time as once you have taken a payday loan, you are continuously living in the terror of harassing debt collectors. You also constantly worry whether you will be able to make essential payments like bills etc., have enough to eat while staying “current” on your payday loan.

    Payday loans have some of the highest interest rates. The typical fee charged on every $100 range from 10-25 dollars, equivalent to 350% annual interest! Despite various efforts to lower the rates, nothing much has been accomplished. According to Bankruptcy Attorney Los Angeles, these loans are not the solution to your financial problems as paying them off is nearly always impossible. If you make these loans your priority, you will end up defaulting on some other. Los Angeles based law firm Recovery Law Group informs that in case you are late in making payments on a payday loan, the loan amount becomes huge. Interest owed is added to the principal amount which makes it staggering by the time your next pay cheque is due! All this time, there is no respite from the loan collectors.

    There is some silver lining though. On consulting with bankruptcy lawyers, you will get to know that these debts are treated similar to other unsecured chargeable debts in most bankruptcy cases. Thus filing for bankruptcy can easily help eliminate them! Since bankruptcy seems to be a good option to get out of the vicious cycle of loan that payday loan creates, it is important that you consult bankruptcy lawyers near me to weigh your options at the earliest.


      *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.

    • Effect of Bankruptcy on Credit

      Effect of Bankruptcy on Credit

      The effect of filing bankruptcy will remain on your record of credit for a period of ten years. But there is nothing to panic, as this statement doesn’t conclude that you will not be able to further get any debts or finances. In effect, the bankruptcy filing will not be the end of your credit journey.

      A new start to your financial status

      Eliminating the debts through the filing of a bankruptcy will give you the provision to start afresh and start saving too! Routine household expenses of groceries, clothing needs and automobile needs can now be accomplished using the money at hand instead of a credit.

      Remember that prior to the bankruptcy, you have been paying your dues late or in adverse conditions, not paying them. In those circumstances, no one may be willing to give you further credit and that too at a reasonable interest rate. The situation might have gone out of control and may need the gathering back of your financial status.

      Get in touch with Recovery Law Group for their team of attorneys who can help rebuild your financial status after the bankruptcy filing. They support states of California, Nevada, and Texas. Work with the best attorney, Los Angeles and Dallas for your credit worthiness improvement.


        *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.

      • Means Test of Bankruptcy

        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.

        1. Chapter 7– In this chapter of bankruptcy, most of the debtor’s assets are liquidated by a bankruptcy trustee so as to pay your debts. The remaining of the debts are mostly discharged. This type of bankruptcy is typically completed in several months
        2. Chapter 13– This type of bankruptcy filing lets you repay your creditor over several months and lets you keep most of the assets with you.

        Are you getting confused? Is the scenario of seeking the ‘best attorney near me’ a continuous search in your web browser? Then reach out to Recovery Law Group, the acclaimed law firm who assure the best attorney Los Angeles and Dallas regions.

        Before seeking help from our affirmed lawyers, you could have a valid question in mind. Should everyone take up the complete means test analysis? It is not mandatory to take up the means test analysis for Chapter 7 if you satisfy any of the below-mentioned conditions

        • You are a veteran, currently disabled and the debts that you currently owe have been accrued while you have been actively serving on defence duty
        • Your debts are entirely business debts
        • Your average household income is well below the median income of your state – California, Nevada or Texas

        Of the above three reasons for exemption from the means test, most of them find themselves complying with the low household income according to the standards set down in their living state.

        Understanding the Median Income based exemption

        Calculating the average household income is very simple. It is arrived by summing up all of the income that includes wages, rental income, unemployment benefits, business income and all retirement/ pension benefits. This summing is done for the past 6 months and the final value is divided by six to get the average income. For comparing this average income to the state’s median income, multiply the average income by 12. Depending on the state that you live income, compare the arrived value with the below figures

        MEDIAN FAMILY INCOME BY FAMILY SIZE

          Family Size                    California                       Nevada                         Texas

        1-person families           $49,983                         $43,685                         $42,908

        2-person families           $64,779                         $56,367                         $58,666

        3-person families           $68,917                         $59,346                         $61,502

        4-person families           $79,418                         $69,672                         $71,973

        For every additional person, you may add $8100 to the median income threshold. The figures shown here are liable to change and hence a bankruptcy attorney, Los Angeles or Dallas areas can provide the updated numbers. So if your household monthly income is lesser than the digits shared above for your household size, then you are exempted from the means test calculation – you can directly file for Chapter 7 bankruptcy.

        Means Test Application Procedure

        Let’s consider the case when the household income is greater compared to the state median income – then you need to complete the full means test calculation. The procedure involves deducting the allowed expenses from the average household income. These allowed expenses are not directly what you personally spend but needs to be adhering to the standards set by the Census Bureau and the IRS (the national and local standards).

        The remaining amount after the expenses are deducted becomes your disposable income and if your total disposable income value for the upcoming 60 months is less than $7700, then you meet the expectations of the means test for Chapter 7. If the disposable income value of the next 60 months is greater than the allowed expenses, then there are series of other calculations to determine your eligibility for bankruptcy.

        The right support

        Getting the apt skilled attorney to substantiate the Chapter 7 bankruptcy filing isn’t a cumbersome ordeal any more. Recovery Law Group possess the experts in this space and help with debtors on all of their queries related to means test for Chapter 7 bankruptcy filing.


          *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.

        • More About Emergency Bankruptcy Filing

          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 for bankruptcy, the automatic stay on collecting the dues from the debtor kicks in. Let’s say you have a car loan or a home loan that you haven’t been paying your dues against. The filing of a bankruptcy will stop the car loan financer or the mortgage company from repossessing your vehicle or the foreclosure of your home in this case, at least temporarily. However, there are limits and some exceptions to this automatic stay. Hence reach out to acclaimed bank attorneys for knowing the process of filing an emergency bankruptcy. Recovery Law Group is supportive for handling the minimalistic expectations or filling out of forms in cases of emergency bankruptcy and can initiate the automatic stay for the debtor. In this way, they can help you protect your property and you can take a little more time to complete the rest of the forms needed in this bankruptcy filing.

          Things to note ahead of emergency filing for Chapter 7

          Please make a note of the below conditions prior to filing for emergency bankruptcy

          • The bankruptcy law requires the debtor to take a credit counselling class that has been approved by the court. The only exemption to not take up this course or class is if the debtor is physically impaired or disabled. Another exemption is for debtors who are in active combat zones. The class is also available as online or telephone courses. After the completion of the class (which also mandates the passing of a quiz), the certificate of credit counselling is issued. Please note that the certificate’s date is at least a day ahead of the filing.
          • If you are seeking the relief from Chapter 7 bankruptcy, ensure that you take up the means test. Check out the guidelines and validate your eligibility with the bank attorney.

          Emergency filing under Chapter 7 – Forms

          In order to avail the benefit of the automatic stay, the bare minimum of documents that need to be filled and submitted are mentioned below:

          Voluntary Petition: This is a document of three pages that contain personal information and the summary of your case viz. the a number of creditors and the approximate amount of debt.

          Creditor Matrix: The information about the creditors or any other third party who need to be notified of your bankruptcy is chartered in the Creditor Matrix. The local bankruptcy court of your state may stipulate the parties who need to be notified and the required format

          Exhibit D: The debtor needs to mention that he understands the credit counselling requirement of the court in this case. He supports the Exhibit D form along with the certificate of the credit counselling or mentions the reason for an exemption to the court (if the course hasn’t been completed)

          Along with the aforementioned forms and a filing fee, you may file for emergency bankruptcy. The bank attorneys may insist of add-on forms to the above if they are mandated by the state that you are living in.

          Completion of the rest of the forms – Chapter 7

          The remaining of the bankruptcy filing forms can be completed within 14 days from the date of filing the emergency bankruptcy. The guidance of an experienced bankruptcy attorney Los Angeles for the state of California or even from the team that operates in other states will be crucial to fill out the rest of the forms. They are sometimes 60 pages long and the details that are expected to be furnished in there needs to be accurate and honest. Additional time can be sought from the bankruptcy court if it is needed. If the court approves it, a newer deadline for completion of forms is given to the debtor. Missing deadlines even after getting an approved extension will eventually lead to the dismissal of the case.

          Understanding the Chapter 13 emergency filing

          Now let’s quickly check if the process is any different in Chapter 13 as compared to Chapter 7 emergency filing.

          • The credit counselling requirement stays intact here too. The only difference is that you need to ensure that your income is regular to pay off the debts as per the repayment plan that you will propose in Chapter 13 bankruptcy
          • The same forms are applicable for Chapter 13 bankruptcy too and the good news is that the filing fee is lesser compared to Chapter 7
          • Just as in the case of Chapter 7, you will be granted 14 days to finish the rest of the forms. In addition, the proposed repayment plan for Chapter 13 also needs to be completed in this 14-day tenure.
          • The first payment as per the repayment plan needs to be made with in the 30 days of the emergency filing. Even if you have taken extensions to the deadline for the completion of the form, the date of initial filing is considered for calculating your first payment due. Note that your case can get dismissed, if the first payment is not received on time, by the trustee.

          Hence understand the need of the situation and if you need an emergency filing, do so with an attorney who has ample experience doing this. He can work with you on the repayment plans, filling of the remaining forms and pursuing extensions on the deadline if you need additional time. Remember that your asset can be secured through the automatic stay and it will be important to be making the right decision with the right team of bank attorneys.


            *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.

          • Duties of a Bankruptcy Trustee – Chapter 13 Bankruptcy

            Duties of a Bankruptcy Trustee – Chapter 13 Bankruptcy

            The notice of appointment of a bankruptcy trustee is sent to the debtor after the filing of bankruptcy has been received by the court. The notice carries the information about the name, address and phone number of the trustee. Moreover, if your trustee needs additional financial information, such as bank statements, and details of tax returns, and cancelled checks, it is intimated to the debtor in this notice along with the date on which these are due.

            Here’s a detailed description of the duties of a bankruptcy trustee:

            Administration of the bankruptcy estate– The assets and properties of the debtors are cumulatively referred to as a bankruptcy estate. In a Chapter 13 filing, the trustee manages the claims that are aimed at the estate, and it indicates that all the assets are now under the direct control of the court. The liquidation or any action on this estate needs to be approved by the bankruptcy trustee. Other important notes on the bankruptcy estate.

            • If the debtor receives any property or becomes entitled to receive it within 3 months from the filing of bankruptcy, then it needs to be reported as inherited property/ entitled to inherit, property from a marital settlement or a divorce or the benefits after a death or life insurance proceeds
            • In cases of the inherited property to be non-exempt, then the repayment plan needs to be revised to pay off the unsecured creditors as appropriate as needed

            Collecting of Proof of Insurance–The trustee needs to ensure that there is enough proof on the insurance of the collateral that the debtor will use to pay off the creditors, specifically on mortgage dues and car loans. This proof is needed and is an advantage to the creditor if the collateral is damaged

            Payment collection– The first payment that the debtor needs to facilitate is within 30 days from the filing of bankruptcy. This first payment is mandated by the trustees to be done by cashier’s check or through money order. The payment of the first due confirms the capability of the debtor to clear off his dues in the stipulated period using the repayment plan. Subsequent plan payments are expected to be facilitated directly from the wages of the debtor – the trustee will file a wage order for the same shortly after the case

            Creditors meeting–  The trustee ensures that the submitted financial facts are detailed and question the debtor who attends the meeting with any queries regarding the same. The trustee can also challenge the feasibility of the repayment plan especially if the expenses are high or not reasonable

            Confirmation Hearing– The trustee is part of the confirmation hearing of the bankruptcy case and this meeting is scheduled approximately twenty to forty-five days after the creditors meeting. He shares the approval on the repayment plan to the judge and also raises concerns if there are objections from his end or from the creditors. The Confirmation Hearing can be rescheduled if the trustee’s requirements haven’t been met by the debtor or his attorney

            Fulfilling the court order–All approved plans by the court are effectively dealt for its complete and effective fulfilment by Chapter 13 bankruptcy trustee. The financial affairs of the debtor are reorganized and the payments to the creditors are channelized. The trustee will closely work to prevent any activities of abuse or fraud towards the debtor’s estate. And at the end of the case, after all, obligations are fulfilled, the final filing with the court is done by the trustee and the remaining debts are recommended to be discharged

            Debtor’s advocate–Though it may sound very stringent about the trustee’s role in the bankruptcy filing case, the trustee still acts quite fair and favourable for the debtor. The professional costs are made reasonable while the assets get liquidated and also protect any harassments that can probably be targeted towards the debtor by the creditors. They also refer to all violations to the U.S. Trustee’s office and secure the bankruptcy arrangements.

            When debtors co-work effectively with the trustee for following the terms on the repayment plan, then they are assured that the debtors will have complete control over their assets. They can also seek the services of a bank attorney who works diligently for the debtor’s sake and to adhere to the trustee’s expectations. Recovery Law Group’s team of bankruptcy attorney, Los Angeles, Dallas and in the state of Nevada can be approached.


              *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.

            • Chapter 13 Bankruptcy in California, Nevada, and Texas

              Chapter 13 Bankruptcy in California, Nevada, and Texas

              High secured debts such as mortgaging of home or car payment can pose a problem around repayment for some of the citizens. Initially, the bank that has lent the money contacts the debtor regarding the payment updates after it has defaulted for a month or two – the bank resorts to persistent phone calls (low-level adverse proceedings). They can steer towards high-level adverse proceedings such as foreclosure or repossession if the debtor continues to default. The debtor in certain scenarios may just need some extra time as he can facilitate the means to pay the moneylender. Chapter 13 bankruptcy is a federally backed repayment plan that provides a maximum of five years to gather grounds and make these accounts stable.

              It is important to note that the moneylenders, during the repayment period, cannot enforce the debtor or resort to any adverse actions without special permissions from the bankruptcy court. With utmost security and peace, the debtor can repay the moneylenders, sometimes sooner than the five years and restart their financial conditions afresh using the guaranteed Bankruptcy Code.

              Know of your qualification for Chapter 13 bankruptcy

              The prime need to opt for Chapter 13 bankruptcy is the retaining of the assets/ properties of the debtor who has altered and defaulted the payment of some of his secured debts. But it is key to note that the debtor also needs to satisfy the below conditions to be eligible for Chapter 13 bankruptcy

              • Value of the secured debt cannot exceed $922, 975 for the debtors. If the secured debts are larger in value, the court sees the repayment of the same in three to five years as quite difficult. For this Chapter 7 can be a recommended option
              • Value of unsecured debt should be lesser than $307, 675 and this amount is inclusive of all outstanding debts in credit cards, medical bills, and any other unsecured debts. If the load of the unsecured debt is higher, then Chapter 7 bankruptcy is recommended
              • No prior discharges of bankruptcy either in Chapter 7 or Chapter 13 should have been obtained by the debtor – specifically, no Chapter 7 filing & discharge in the last four years and no Chapter 13 filing & discharge in the last two years
              • Depending on the income of the debtor who satisfies the above conditions, the repayment the period can be either three or five years

              Process of Chapter 13 bankruptcy

              It is advised to the debtor to undertake a debt counselling course prior to the filing of bankruptcy. Lots of online or telephone courses are available for all debtors to ensure they complete this requirement – a small investment of time and money is needed for this from their side. After this course has been finished, the debtor just needs to get the right assistance to file the bankruptcy petition on his behalf. Searching for the best attorney near me would be the debtor’s search criteria.

              The bank attorney that the debtor liaise with, will file the petition for Chapter 13 bankruptcy. The attorney will make a list of all assets, the debts, the statement of monthly income and expenses. The debtor can propose a repayment plan based on his monthly income and expenses information. It is important that the disposable income of the debtor is ample enough to make payments comfortably each month and meet the repayment schedule to clear away all of the arrears of the secured debts.

              Trustee – Debtor meeting

              Approximately after 6 weeks, there will be a meeting scheduled for the debtor with the Chapter 13 bankruptcy trustee. Validating the debtor’s identity through a driver’s license and the Social Security card information that will be furnished by the debtor, the bankruptcy trustee proceeds to verify and review all the shared documentation with regards to the Chapter 13 bankruptcy case. All recent federal and state income tax returns will be reviewed by the trustee and he/ she may also seek additional documentation to substantiate the financial status of the debtor prior to approving of the repayment plan. The bankruptcy trustee conducts this hearing on behalf of the judge.

              The meeting is also an avenue for the trustee to question the debtor about his identity, the assets possessed and regarding their income. Very rarely, this meeting sees the attendance of some of the creditors who are associated with his case. The repayment plan and its concerns if any are discussed in this catch-up. The first payment towards debt consolidation is usually after 30 days of the petition filing irrespective of the repayment plan approval.

              The confirmation hearing

              The confirmation hearing is headed by the judge, who decides whether to approve the repayment plan. The hearing is also extended to creditors for their availability to raise any concerns or objections. The debtor may not be expected to attend this hearing.

              In the wake of the plan approval, the employer of the debtor may be ordered to make the payments directly to the creditors by deducting the same from his wages. In cases of valid reasons for objecting or if the debtor is self-employed, other avenues of payment are sought and approved.

              At the end of the repayment period, the outstanding unsecured debts may be discharged. The collateral consequences of the unsecured debt (tax liens if any), will remain intact until it is separately attended to for resolution.

              Getting a Chapter 13 bankruptcy discharge

              A debtor education class has to be completed by you if you are, the debtor awaiting a discharge order of your debts. Similar to counselling classes, these are also available as online or telephone courses. Being on spouse support, child support or other domestic support obligations also need to be certified.

              Some quick pointers on the discharge of the debts in Chapter 13 bankruptcy

              • On completion of the plan, most of the debts are discharged. Those that cannot be discharged include domestic support obligations like child/ spouse support, debts arising due to drunk driving, any wilful injuries that have caused severe personal injury or death, some student loans, criminal fines and restitution and debts that have arisen because of fraudulent activities
              • If there are large monthly payments to creditors, the debtor may be entitled to lower the payment amount or the interest rate. Payments towards house property are an exception here – they may not undergo changes with regards to the amount but cannot be wholly modified as a loan
              • In cases of back taxes, an extension for payment or repayment over a period of time is possible. This will prevent your properties from foreclosure for the sake of payments
              • The payment towards unsecured creditors can be negotiated by a bank attorney, Los Angeles regions through the Recovery Law Group, to pay less than 100% of the claims. The Recovery Law Group firm also operates in Nevada and Texas states

              Key benefits of the Chapter 13 bankruptcy

              • Three or five years can be obtained for repayment of the claims
              • Prevent interest accumulating on the unsecured debts in most of the cases
              • Stop any kind of collection activities from the person who co-signed a debt for you
              • Get to retain a property which otherwise would have been liquidated to pay you creditors
              • End all future obligations from creditors from whom you haven’t received complete services
              • Prevent all legal actions against debts that you have incurred prior to a bankruptcy filing
              • The repayment plan can be customized to pay it sooner or also propose asset selling through the Chapter 13 bankruptcy plan for quicker payment of the debts
              • Requesting a hardship discharge in times of adverse conditions can help mitigate the rough execution of plan during an unforeseen crisis
              • Beyond a hardship discharge, if you still need relief, the plan can be dismissed or converted to a Chapter 7 bankruptcy


                *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.

              • Do You Need an Attorney While Filing for Bankruptcy?

                Do You Need an Attorney While Filing for Bankruptcy?

                Troubled financial times may cause people to make rash decisions, which will throw them further into an abyss. For people who are considering bankruptcy as a mean to get out of a bad financial situation, there are two options available. You can either file “pro se” or use a lawyer to file bankruptcy papers. Many people think, that by avoiding hiring a lawyer, they are actually saving money in legal fees. However, if you are not fully aware of the procedure, you might end up sabotaging your case which might worsen your already bad condition. (more…)

              • Should You File For Bankruptcy Just After Losing Your Job?

                Should You File For Bankruptcy Just After Losing Your Job?

                People who have seen a significant change in their income due to a sudden surge in expenses or dip in earnings due to loss of job, often wonder if they should consider bankruptcy as a way out of the financial mess they are in. since conditions do not allow them to make payments against any obligations they have, this is a thought worth your penny. Though you might find it compelling to file for bankruptcy just after losing your job, it’s important that you deeply analyze your situation and come up with the best possible solution to your problems. Sometimes, it is important to wait and watch for the situation to unfold as there is a certain time period before you can again file for bankruptcy. (more…)

              • How to Recover your Finances After Bankruptcy?

                How to Recover your Finances After Bankruptcy?

                Bankruptcy is a hard chapter in an individual’s life, however, a very long road lies ahead after your case wraps up. Any and all financial decisions you make after the bankruptcy case is over are going to be equally important. For regaining control of your finance, it is important that you consult expert bankruptcy attorneys such as those available at Los Angeles based law firm Recovery Law Group.

                Tips to Rebuild Credit after Bankruptcy Case

                The most important point to take care of, once you are through with your bankruptcy case is to clear your financial dues and start fresh. It is easy to start a fresh credit score by using the following tips: (more…)