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  • When Should You Hire a Bankruptcy Attorney?

    Call: 888-297-6203

    Anyone can have a streak of bad luck which might result in them in falling under an enormous amount of debt. However, unless you can get a handle on your finances, it is very difficult to get rid of the huge mountain of debt. Slowly, the situation takes a turn for the worse and you might be facing constant harassment from creditors in the form of unwanted phone calls and threatening letters. Los Angeles based bankruptcy law firm Recovery Law Group says that there comes a time when people have to take the unavoidable option of choosing bankruptcy to get rid of your debts.

    It will not be surprising to know that apart from bankruptcy, various other options are available to tackle your debt problem. These include debt consolidation, reaffirming your debt or opting to refinance it. However, most of these solutions require you to deal with creditors directly. Any lack of honoring the arrangement might lead you to lose your property. Bankruptcy, despite having a long-lasting impact on your credit history, is the best legal way to get rid of debts.

    Most people dislike the idea of opting for bankruptcy, as there are many social stigmas attached to it. However, bankruptcy offers to wipe your slate clean, remove all bad credits and lets you have a fresh financial start. Once you have realized that bankruptcy is the best way to get rid of your debts, it is time you contact efficient lawyers to help you with your case. You can call 888-297-6023 to seek consultation with experienced bankruptcy attorneys Los Angeles. Before you file for bankruptcy, it is important for you to know that not all debts will be discharged during bankruptcy. Certain debts can survive bankruptcy. Your lawyer will make you aware of what happens during the entire process.


      *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.

    • Beware of the Emergency Bankruptcy Scam

      Beware of the Emergency Bankruptcy Scam

      Agreeing to bankruptcy is a decision which takes time. people generally look for options to work out their debts in order to avoid bankruptcy. This is probably because bankruptcy appears on your credit report for 7-10 years. Though it is an excellent way to get rid of debts as well as put a stop to collection actions, lawyers of Dallas based bankruptcy law firm Recovery Law Group, inform that you should be aware of unscrupulous lawyers who are out to get your money in the name of emergency bankruptcy filing.

      Filing for bankruptcy can help you if you are facing repossession or foreclosure on your property. Generally, the procedure involves a lot of paperwork which takes time, even for the most experienced lawyers. When any individual files for bankruptcy, they are required to submit the following documents to the court –

      1. Paystub for the last 6 weeks or longer
      2. Certificate of your successful completion of credit counseling course
      3. Complete list of all your debts and creditors including their addresses
      4. A list of all your assets, your accounts, an approximate value of your assets, etc.
      5. A repayment plan for paying back your creditors in case of Chapter 13 bankruptcy.

      All these documents require time to assimilate, prepare and file. Any mistake in the documents (omission of an important document, missing a creditor name or debt, etc.) can have grave consequences; sometimes leading to the dismissal of the case. If this happens, you are in a worse condition than before. Generally filing for bankruptcy takes 7-10 days’ time.

      Emergency bankruptcy filing option is available in case you are facing imminent repossession or foreclosure issues. In this case, you can file a two-page petition which puts an automatic stay in action preventing all sorts of collection actions. However, you are expected to file the remaining documents within fifteen days of filing the emergency bankruptcy petition.

      This procedure has become a way to earn money by corrupt bankruptcy lawyers who make use of the system to con gullible filers out of their money. These lawyers ask for money to file an emergency bankruptcy petition on your behalf but do not follow it up with the remaining documents. Filing of the petition puts collection actions like threatening phone calls on hold, till your petition is dismissed because of lack of proper documents. This leaves you in a condition worse than before.

      It is therefore important to be vary of advocates who suggest emergency bankruptcy filing when you first meet them. Competent bankruptcy attorneys will take their time to study the case and come up with a suitable plan of action benefiting their client. If you are looking for experienced bankruptcy lawyers for your case, you can 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.

      • Do You Know How Long Bankruptcy Stays on Your Credit Report?

        Do You Know How Long Bankruptcy Stays on Your Credit Report?

        Call: 888-297-6203

        Struggling to manage your finances is more common than you think. When people have a huge amount of debts like credit card bills, student loan, etc. filing for bankruptcy might be an excellent way to get rid of them. However, there are consequences to this act warn Dallas based bankruptcy law firm Recovery Law Group lawyers. Bankruptcy can negatively affect your credit rating. Depending on which chapter of bankruptcy you file, it could remain on your credit report for as long as 10 years. However, people without any other option might end up filing for bankruptcy.

        Prior to the bankruptcy filing, it is advisable to seek expert opinions, such as that of a non-profit credit counselor or an experienced bankruptcy attorney. This will help them get knowledge about other viable options like debt management, debt settlement, etc. In case filing for bankruptcy is the best choice, you can consult with expert lawyers at 888-297-6023 to find out which chapter of bankruptcy would suit you best.

        Which chapter of bankruptcy should you choose?

        If bankruptcy is the best way to get rid of your debts, you need to decide between Chapter 7 and Chapter 13. Filing for bankruptcy requires an assessment of your income, assets, as well as your debts. Changes in laws being made in 2005, it is not easy to get rid of debts through bankruptcy. Certain debts like a student loan, income tax, alimony and child support or other government fines cannot be discharged through bankruptcy. Individuals who have an income less than the state median for an equal number of household members are eligible to file under Chapter 7. For others who fail to qualify the means test, Chapter 13 bankruptcy is the best bet to get rid of debts. Both chapters affect people differently.

        Chapter 7: In this type of bankruptcy, all unsecured nonpriority debts are discharged without paying anything back. Since no debts are repaid, this bankruptcy remains on your credit report for a period of 10 years.

        Chapter 13: In this case, the debtor pays some portion of their debt through a court-approved plan over a previously agreed timeframe. Any remaining unsecured nonpriority debt is discharged after that duration. Since some part of the debt is paid, this chapter of bankruptcy remains on your credit report for 7 years only.

        The credit agency automatically removes the bankruptcy from the credit report after seven or ten years depending on which chapter of bankruptcy it was filed under. Most people who file for bankruptcy have delinquent accounts. These accounts are also deleted seven years from the date they became delinquent. Since in most cases, the accounts became delinquent prior to the bankruptcy filing, they will be deleted prior to the bankruptcy public record.

        Effect of bankruptcy on your credit

        Bankruptcy filing makes you a high-risk candidate for lending. Thus, you will either not get a loan, or get one at a higher interest rate. It may also hamper your chances of getting a decent job. Thus, it is important to make immediate efforts to rebuild your credit to increase your credit score. This can be done by paying bills on time every month, not taking out unnecessary debt and living strictly as per a designed budget. With better credit score, soon, you will be able to get a loan at lower interest.


          *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 Deleted?

          Is Chapter 7 Bankruptcy Deleted?

          Filing for bankruptcy can be quite an emotional experience for people. It is difficult to admit that you have been unable to manage your finances in a proper fashion. What is worse is that bankruptcy becomes public record and is reflected on your credit history. This makes it difficult for people to obtain new credit at reasonable rates or even get a job. However, Los Angeles based bankruptcy law firm Recovery Law Group informs that bankruptcy records are deleted ten years from filing date in case of Chapter 7 and seven years from the filing date in case of Chapter 13. This is because usually no debts are paid in case of former, while some portion of the debt is paid through the repayment plan in the latter case. It is important to note that the discharge date won’t have any effect on the deletion or inclusion of accounts in bankruptcy. For any clarity about bankruptcy, you can call 888-297-6023 and consult with experienced 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.

          • When is The Best Time to File Bankruptcy?

            When is The Best Time to File Bankruptcy?

            The USA law council has designed Bankruptcy to leverage people succumbed in bad debts. People often take loans to finance a business, higher studies or for any personal work. When they take loans, they are clear of the payment strategy and follow judiciously. Apparently, people may face some problems, which may prevent them to clear loans. The loans may become huge and unmanageable.  Instead of panicking they can file bankruptcy. An experienced legal professional can guide and help them in the procedure. For help visit- Recovery Law Group.

            The word bankruptcy itself may scare most of the people. The client who wishes to file bankruptcy must consult an experienced advocate. The advocate will take stock of the situation and smoothen the process, rendering the client free of mounting debt. The first step, however, must come from the client.

            The client must decide to file bankruptcy when

            1. They are neck-deep in debt.

            When a debtor takes a loan, he must pay through monthly installments. When the client is unable to pay the installments, because there is no regular flow of cash, the installments are unpaid. They hence are overlapping, making it more difficult to clear. At one point of time, the client finds himself stocked with several monthly installments and interest all laden up, with no means of clearing them. Applying for bankruptcy offers a permanent solution from this surmounting debt.

            1. Threat calls

            The creditors finance loans, and when they do not get regular payments after much cajoling they resort to the threat. They employ agencies/ people to collect money on behalf of them. These people can be dangerous and may try to scare the debtor to release money. The debtor not only suffers from loan repayment but also physical and mental trauma. Filing for bankruptcy not only pushes the threat monkey away but also settles the debt relieving any liability.

            1. Garnishment

            Garnishment is a process, wherein the creditor legally takes the money directly from the pay-check of the debtor. When this process occurs, the money swings away from the debtor’s hand leaving him with next to nothing. This makes the situation worse for the debtor. If the debtor files bankruptcy, he not only saves his pay-check, albeit gets discharge from garnishment also.

            1. Counseling

            Credit counseling is a professional method of helping debtors find a reasonable solution to handle debts. The debtor may take rescue under credit counseling to settle things amicably. Apparently, it did not work; although it may work for many. The debtor has no choice but to file for bankruptcy.

            Bankruptcy is good news for such debtors

            Filing bankruptcy not only releases the debtor permanently off the unreasonable debt but also allows them to live a respectable life after. Many people are enjoying a respectable life after filing for bankruptcy in Dallas. The debtor needs to employ an experienced advocate to file for bankruptcy in the legal office. The debtor can seek related information by calling on 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.

            • Embezzlement Debts During Bankruptcy

              Embezzlement Debts During Bankruptcy

              Embezzlement refers to liability occurring from criminal, fraud, litigation and other malpractice. The jury or court usually orders an individual to pay fines or compensation or penalty based on the crime or law/code violation. This kind of debt is referred to as embezzlement debt. The common doubt or question people have is; Will the embezzlement debt be discharged during bankruptcy? It is important to learn that the type of debts held by the person filing bankruptcy is usually arranged on the basis of priority to determine the discharge or release ability. In the array or order, the embezzlement dues fall under the most prioritized debt since it is usually an order of jury which cannot be compromised. However, the type of embezzlement and the course adopted by the lender may still determine the release of embezzlement debts.

              Criminal fines and civil body orders

              Any type of debt arising from criminal activities like fraud, or any other such malpractice is regarded as ‘non-releasable debt’. This kind of debt cannot be released and should be paid off as first priority above secured and unsecured loans. There is practically 1% chance of getting criminal fines released by the bankruptcy law code. Learn more about such facts and bankruptcy on Recovery Law Group.

              In case of civil body orders or judgments, the lender or the person who is expecting compensation from the bankruptcy filer has to proactively present a case for non-release of his/her debts. The lender has to request the court to categorize his/her debt as non-releasable debt by presenting facts and evidence confirming the same. If the lender fails to do so or does not approach the bankruptcy court proactively, the bankruptcy court might release such a debt prioritizing other debts. Civil debt is referred to as an act of fraud or misrepresentation in the capacity of fiduciary. Unlike civil dues, criminal fines need not be proven as non-releasable debts in the court and the lender need not make proactive attempts to confirm the same.

              What the lender will do?
              In order to retrieve the civil dues, the lender usually files a lawsuit which is referred to as ‘adversary proceedings’. This has to be filed in the span of 60 days from the first date of lenders meeting in the bankruptcy case. The meeting of lenders during the bankruptcy case in the court is a mandatory meeting, which usually happens in the first or second hearing. This meeting usually happens in about 30 days after the bankruptcy filing. This means a lender would have about 3 months or 90 days to file for an ‘adversary proceeding’ once the debtor has filed for bankruptcy. It is important to note that if the lender does not file within this period, the right of lender is void and it is up to the discretion of the bankruptcy court to release or not release the civil fines/compensations.

              Points to be noted
              Three important points to be proved by the lender in order to categorize a debt as fraud or from embezzlement can be listed as follows-
              • The bankruptcy filer or debtor held the property for another property
              • The property was used for unauthorized purposes
              • The circumstances, evidence, and facts suggest an act of fraud

              Once these three points are proved by the lender, the debt cannot be released under the bankruptcy norms. Also, once the debt has been declared as non-releasable by the bankruptcy court, it remains so for any future bankruptcy filings also. This means such debt could never be released no matter what. Every situation of bankruptcy is different. Personalized and professional services desired can be availed by dialing +1 888-297-6203. Dial now for interpreting your situation better!


                *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.

              • Social Security Benefits Retention and Bankruptcy

                Social Security Benefits Retention and Bankruptcy

                The retired citizens of the USA can enjoy the benefits of social security fund, although it may be a meager sum. Social security funds are a fixed amount that the USA Government obliges its citizens to enjoy after retirement. The social security fund is managed by taxes paid by the citizens. Social security fund is a fixed amount a retired citizen receives every month throughout their life after retirement.  This amount may be substantial, but it is of great help to people who are retired and helpless. Being an old retired person, with no secure income, any amount is good.

                Old age attracts a lot of expenses be it medical or health, pooling of all the retirement funds, may sometime prove to be less. The retired person may take loans to cover their expenses. Under Chapter 7 the retired citizens can apply for bankruptcy if they are not able to support themselves and pay the loan availed for health treatment.

                Exploiting Chapter 7

                There may be cases where the retired citizens may want to exploit and enjoy the benefits by declaring bankruptcy. The court may not justify bankruptcy and ask the retired citizens to employ Chapter 13 to repay their loans under easy payable installments. The court may observe all the plans and resources that the retired citizens may utilize and the net savings after the expenses. Scrutinizing the income and expenses balance sheet, the court may suggest the employment of Chapter 13 to repay loans to the creditors.

                In the case where the expenses cancel the income and just a mere social security benefit remains the client can seek Chapter 7 bankruptcy. Such retired citizens may have difficulty in paying debts and can take help. The court, however, is stringent and undertakes scrutiny before declaring bankruptcy.

                Should Social security benefits be included in the income figure?

                Enjoying Social security benefits are the basic rights of all retired USA citizens. Social security number is specifically designed to the citizens of the USA, so that they can lead a respectable life after retirement. People who are affluent can surrender social security benefits. However, old age brings in a lot of medical expenses, surgeries and other health expenses that may propel them to take loans to cover the expenses. The loan may turn into a huge pile making it difficult for the retired citizens to pay. Once they are thick into the debt, they find no other way but to declare bankruptcy.

                The court after observing the dire circumstances may allow the client to declare bankruptcy. The court undertakes the lifestyle enjoyed by the client and the means to fund and support their future life. It is not easy to convince and justify the case in court. The client can seek professional help by consulting Recovery Law Group.

                Surrender social security benefits?

                Arguments and discussions often circulate regarding the securing of Social security benefits after declaring bankruptcy. The argument stresses that the client may have too many benefits in their hand. However, the client can voluntary surrender social security benefits. Apparently, as the case goes the client is sucked badly by the loans and can barely make the ends meet. In such case, the Social security benefits are exempted from bankruptcy procedures.

                The retired citizen can keep their Social security benefits even after declaring Bankruptcy. Social security benefits need not be an issue for clients who are honest and in a bad situation. They may require every support and money, even if it is in the form of Social security benefits. The case of such clients is genuine, and the court supports them and therefore exempts social security benefits even after declaring bankruptcy. To present your case strongly in court you may contact at this number- (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.

                • What Happens in Free Case Evaluation?

                  What Happens in Free Case Evaluation?

                  Living under constant threat of repossession or foreclosure is terrifying. There is no denying the fact that being under debt can hurt not just financially but also emotionally. In case you are undergoing troubled times where you are constantly at the edge due to insurmountable financial debt, working tirelessly to bridge the never-ending gap between needs and dues; you need to take control to attain financial freedom at the earliest. Consulting a bankruptcy lawyer can make you aware of any and all possible options open for you.

                  Can Bankruptcy be the Answer to Your Problems?

                  Many people with a large number of unsecured debts like credit cards or medical bills and unsecured loans etc. can take the help of Chapter 7 bankruptcy which helps wipe the slate clean and provides with a fresh start. To qualify for this type of bankruptcy, you need to pass the means test. For people who have higher incomes, lot of secured debts as well as significant assets, Chapter 13 can be ideal. In either case, you can get control of your life and also put money aside for children’s education, your retirement fund, etc. while simultaneously building your credit again. A bankruptcy consultation vis-à-vis your particular case can help you determine the next step.

                  Bankruptcy Myths can be Misconceptions

                  Many people who find themselves at their wit’s end while trying to manage huge debts are often victims of bankruptcy myths. There are many misconceptions surrounding bankruptcy such as you can lose all your property and belongings when filing for bankruptcy, or that your credit rating is such that you will never be able to get another credit line, buy any property once you file for bankruptcy. It will be surprising for people to know that many people who file for bankruptcy are able to keep all of their property. They are also able to get a fresh start with new credit cards to build their credit. They can even finance their home in a couple of years after discharge. Talking to a bankruptcy attorney will dispel all your bankruptcy related myths and get a clearer picture.


                    *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.

                  • Source of Bankruptcy Money

                    Source of Bankruptcy Money

                    Bankruptcy is the process through which, individuals or businesses who are in conditions of surplus debts and in the situation of financial struggles, get relief of this scenario and regain their stability with finances. In order that this process be debtor beneficial, the type of Chapter against which bankruptcy is filed will be important (more…)