Get Foreclosure Help

Tag: bankruptcy attorney

  • Bankruptcy Attorney Suspended For Giving Bad Advice To The Client

    Call: 888-297-6203

    George Sadorus’ decision to hire a bankruptcy attorney over the internet proved to be harmful to him. He really should have heard the warning bells when his attorney had asked him to be dishonest with the Trustee about his inability to attend the 341 Meeting of Creditors.

    A paralegal had advised Sadorus that $8,000 which was there in his bank account would be exempt in the bankruptcy. Later, the paralegal did not inform the attorney about the account, and thus the attorney filed Sadorus’ case without disclosing $8,000 in his account. As soon as the attorney realized his mistake, he asked Sadorus to lie to the Trustee about his inability to attend the otherwise compulsory 341 hearing. The attorney thought that if Sadorus’ case was dismissed, he would be able to spend $8,000 on necessary and reasonable living expenses and then re-file for bankruptcy.

    The attorney then did not discuss about any remaining funds in the client’s account and re-filed the case. Thus, case 2 was filed with $5,000 in the client’s bank account. The client then attended the 341 hearing this time, told the truth to the Trustee and fired his attorney. The revelation surprised the Trustee, who then sued the debtor for his account’s contents. The attorney was also sued for the sanctions and discouragement of his fee. He was also suspended from all kinds of law practices in that state and was asked to take educational courses in general practice and ethics. He was also forced to return the retainer fee to the debtor.

    Unfortunately, the attorney had returned the retainer fee to the debtor during the bankruptcy because of which it became the estate property and could be collected for the benefit of the creditors of the debtor. Thus, Sadorus had to suffer because of his wrong choice of the bankruptcy attorney. Because of the attorney’s poor advice, Sadorus had to lose $5,000 in his account and also $1,000, which was paid to the attorney.

    We might get tempted to hire an inexpensive attorney, but it is more important to hire an experienced, trusted and a competent bankruptcy attorney than a cheap one. If you are considering filing for bankruptcy, contact the Recovery Law Group, best in Los Angeles & Dallas, TX, at www.staging.recoverylawgroup.com or call 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.

    • Importance Of Hiring A Bankruptcy Attorney

      Importance Of Hiring A Bankruptcy Attorney

      Call: 888-297-6203

      Filing for bankruptcy is a complex process, especially for the ones who try to do it alone. Thus, it is extremely necessary and beneficial to have a Recovery Law Group attorney to successfully find your way through bankruptcy. A few reasons for this are:

      1. There are several calculations involved that need to be done correctly. It’s important for you to know the bankruptcy chapter that you qualify for. One way to do this is to complete a Means test, but it is a complicated thing to do. You will be required to know about the workable allowances for vehicles, involuntary deductions, a correct listing of future debt payments and so on. In case the things are not done correctly, your case can be dismissed without a discharge; you can be penalized with fine or can even be sentenced to imprisonment. Thus, it is necessary to have proper guidance in bankruptcy cases. Recovery Law Group will relieve your stress by providing you with a knowledgeable and experienced bankruptcy attorney.
      2. Making a Chapter 13 repayment plan is another scary task. This repayment plan is very important, in which you must know which creditors should get paid, amount to be paid to unsecured creditors, allocation of Trustee’s portion, etc. A Trustee or the court will not care about your interest and will only make sure of a proper application of the code. Thus, it is beneficial to hire a competent bankruptcy lawyer to be able to procure maximum benefits from your Chapter 13 plan.
      3. A bankruptcy attorney can conduct negotiations with the creditors or dispute claims for you, in case it is required. Hiring an experienced bankruptcy attorney will relieve you of the stress of dealing with the creditor yourself, especially, when there are too many creditors or too many calls for creditors every day.
      4. Hiring counsel will save you time. An attorney will take only a short time for correctly filling a document, as he is trained for doing quick and efficient paperwork. You, on the other hand, will surely take a long time in understanding and filling such documents correctly.

      You can contact the Recovery Law Group at Recovery Law Group or call 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.

      • Bankruptcy Exemptions in Texas

        Bankruptcy Exemptions in Texas

        Call: 888-297-6203

        Despite bankruptcy being a federal process, you will be surprised to know that bankruptcy laws vary from state to state. Thus, knowledge about federal as well as state laws concerning bankruptcy is extremely important if you are considering bankruptcy as an option to get rid of your debts. Having experienced attorneys by your side, such as those of Los Angeles based bankruptcy law firm Recovery Law Group, can be an asset in such cases. In case, you are looking for debt relief options and want to know about your state bankruptcy exceptions, you can call 888-297-6023 to schedule an appointment with the best lawyers.

        Exemptions specific for the state of Texas

        In case you reside in Texas and are contemplating filing for bankruptcy, it is important that you are aware of the exemptions available for bankruptcy filers. Many times, people are unaware of the fact that exemptions are available to protect their property during bankruptcy. Unfortunately, they are under the belief that they are either going to lose everything they own, or they will be able to get rid of all their debts. That’s why knowing about exemptions is important!

        When any individual files for bankruptcy, everything they own becomes a part of their bankruptcy estate. If an individual file for Chapter 7, there is some risk for them to lose some property. Non-exempt property is sold off in case of Chapter 7 to pay your unsecured creditors. However, with exemptions in place, you might not lose any property. The state of Texas offers several exemptions including:

        • homestead exemption,
        • motor vehicle exemption,
        • personal property exemption
        • retirement account
        • pension exemption

        The specific dollar amount of these exemptions varies. There are specific criteria to be met for these exemptions to come in force. Since most of this is complicated stuff, it is important that you hire experienced and qualified lawyers Texas to help you with the 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.

        • What is Befitting for you- Chapter 7 or Chapter 13?

          What is Befitting for you- Chapter 7 or Chapter 13?

          Each to his own’ rightly suits about the two bankruptcy laws. While both are good, which is apt for the client depends upon his situation – The type of debt, their financial situation and the resources with the debtor. A professional practitioner in bankruptcy can help the client in deciding which is best for their situation. For detail information about chapter 7 & 13, visit Recovery Law Group.

          Chapter 7

           Chapter 7 bankruptcy law requires eligibility of the applicant. The applicant needs to prove his eligibility. For proving the eligibility for chapter 7, five factors are assessed.

          1. Budget

          The equation between the income and the expenses shows the saving quotient. Do the debtor’s expenses run higher than his savings? More importantly, is his income in the past 6 months below the median income of the State? If the monthly income is less, with no steady means to pay loans, then the applicant is eligible for chapter 7.

          1. Assets

          Assets can be luxurious and non-luxurious. The client can own luxurious assets and still would want to declare bankruptcy. There are some assets that the State lists under exempted, which the client can keep. The non-exempted assets like the luxurious ones whose value surpasses the limit determined by the court are put on sale to clear off the debts. Assets are evaluated to estimate the financial situation of the applicant.

          1. Credit report

          The credit report will show the type of debts the client has. While some debts are dischargeable, debts like a student loan, tax debt, child support loans are non-dischargeable. Such debts cannot be addressed under chapter 7 but can be addressed under chapter 13.

          1. Transaction

          The court investigates the latest bills and transactions of the client. If he has sold or purchased things above a limit, the court can disqualify his eligibility for chapter 7. As per court if the client is indulging in an expensive lifestyle, then he is careless of his situation and hence is not a genuine applicant for chapter 7 bankruptcy.

          1. Timing

          Timing is a crucial factor in deciding the eligibility of the client. Timing before filing the tax return, timing before a due bonus, may affect the eligibility. Receiving more than 25 pay-checks within the last 6 months can disqualify the applicant. The client can receive 2 paychecks per month, and while he files for chapter 7, he may land with 26 pay-checks, and get disqualified.

          Chapter 13

          Chapter 13 Bankruptcy Dallas is for those who have a steady income and can dispose of small amount of income every month to clear off the debt. A payment course is planned for 3 or 5 years depending upon situations. The debtor must pay till 3 years as per the repayment plan after which his loans are dischargeable. By employing chapter 13 the debtor is not only able to save his assets but partly discharged from a big loan.

          The bottom line is the debtor must consult with an experienced bankruptcy advocate about his financial situation before arriving at a decision. Depending upon the financial situation the advocate can suggest the best course of action. It is not a generalized decision but a personalized one. The debtor can seek suggestions/advice 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.

          • Worried About Huge Debts? Bankruptcy Help is Available

            Worried About Huge Debts? Bankruptcy Help is Available

            Financial troubles can hit anyone anytime, however, this should not be the cause of worry for you. People have come out of worse conditions unscathed. According to Los Angeles based bankruptcy law firm Recovery Law Group, bankruptcy is one of the best ways to get rid of a huge amount of debts without causing much strain on your life. There can be several reasons why a person ends up accumulating large amounts of debts, such as bad financial decisions, unexpected job loss, huge credit card bills, sudden medical emergencies, etc. Irrespective of the reason, bankruptcy can help you take control of your finances. An experienced bankruptcy attorney can help you deal with the finer nuances of bankruptcy. Call expert bankruptcy lawyers at 888-297-6023 to find out the best possible way of getting rid of debts.

            What to do when facing bankruptcy?
            For people who have been facing bankruptcy for the first time, things may seem a bit daunting. However, the system is available to help first-timers as well as those who have previously had the misfortune of filing for bankruptcy. The government, through the Justice Department, offers basic information regarding bankruptcy in various languages. Several websites also help in providing information regarding matters pertaining to bankruptcy. You can browse through the concerned official and legal websites and opt for a free legal consultation with experienced bankruptcy lawyers to determine which chapter of bankruptcy would suit you best.

            Bad financial conditions can often drive any individual to the extreme. However, help is available in the form of bankruptcy. To get the best possible solution, it is important to consult an expert bankruptcy attorney and discuss your case and finances with them. It is also important to understand what your expectations from the case are. After consultations and keeping your requirements in mind, the appropriate chapter is chosen to file bankruptcy under.


              *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.

              • Want to Get Rid of Debts Hire an Experienced Bankruptcy Attorney

                Want to Get Rid of Debts Hire an Experienced Bankruptcy Attorney

                If you are facing financial issues and have accumulated a huge debt, hiring an expert bankruptcy attorney, can be the best way to get those debts discharged. Though bankruptcy helps get your unsecured nonpriority debts discharged, your credit history takes a hit. However, with time, you can rebuild your credit and improve your financial stability. According to Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, bankruptcy is the best legal way to provide you with a fresh financial start. However, all of this is possible when you have an expert bankruptcy lawyer by your side. Finding one is not that difficult if you follow these steps:

                1. Search using the internet

                You could either use the Yellow Pages or the internet to compile a list of experienced bankruptcy attorneys in your area. Since the world has gone digital, any attorney worth their salt will have a significant presence on the internet. Surf the websites to get an idea about not just the process, but also the individual. Reviews and statements from clients are an excellent way to be informed about their services. You can shortlist from the various options available for a free consultation.

                1. Opt for a free consultation

                Before opting for a free consultation, it is important that you have made a list of all your doubts and queries related to the bankruptcy process pertaining to your case. You can then take time out to meet your selected bankruptcy attorneys to discuss your financial issues and their take on them.

                1. Clear your doubts

                It is essential that you are not only comfortable with the lawyer but also has all your doubts related to the bankruptcy process dispelled. Since most individuals filing for bankruptcy are generally unaware of the details of the process, the bankruptcy lawyer should ensure that the client is not just put at ease but also is aware of their options so that they are able to make an informed choice.

                Bankruptcy is a complex process which sometimes becomes essential for people in dire financial problems. With an experienced attorney by their side, they can be sure that the entire process will go smoothly. No matter what the cause of your impending bankruptcy, an expert bankruptcy lawyer will find ways to get most of your assets saved from being liquidated and get rid of almost all your dischargeable debts. If you are looking for experienced bankruptcy lawyers, call 888-297-6023 to set an appointment.


                  *Are you more than 60 days past due on your mortgage?

                  *Do you own a home?

                  Are you currently working?

                  By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.

                • Foreclosure and Bankruptcy

                  Foreclosure and Bankruptcy

                  Foreclosure is a very stressful condition and it requires immediate assistance. Foreclosure is not always right and there can be scenarios when it can be easily prevented. A talk or a piece of advice from an experienced attorney can do wonders on most days. Log on to Recovery Law Group to reach out the best attorneys in town to help you or your friend out in case of a foreclosure. The consultation offered is not only confidential but is very professional too. Foreclosure basically means an exercise of a right by the lender to acquire, liquidate or sell off the asset has a lien on. This can happen in case of secured debts if the debtor misses multiple payments. This might also happen in case of unsecured debts under certain circumstances wherein a judicial lien or foreclosure is applied.

                  What are the causes of a foreclosure?

                  Foreclosure can occur due to personal or financial situations. Some of the potential reasons for foreclosure could be due to the following-

                  • Divorce

                  This is a very common reason for mortgage foreclosure. Due to divorce, the mortgage is no longer borne by two people but is levied on a single person, which always is a very big expense to handle with the existing paycheck. Alimony, child support, etc., can cripple the disposable income available for paying important debts like a home mortgage. So, divorce can be a very big potential reason for foreclosure.

                  • Death

                  As is divorce, death plays a significant role especially if it is associated with the higher earning spouse. While most of the household expenses creep up on the shoulders of a single person, it can be very difficult for one to keep up with all secured or unsecured loans pursued earlier. Apart from being a financial crisis, it can lead to an emotional breakdown which is a very difficult situation to be in.

                  • Illness

                  Some health disorder or too huge medical bills with large out of pocket expenses can really shake you off your financial track. Being ill will not only reduce the flow of income, cut down your pay slip, but also increase the burden on your savings and the available disposable income. Prolonged illness could also hence lead to foreclosures, bankruptcy, and similar unhealthy financial situations.

                  Solutions for foreclosure

                  Foreclosure is not the end of the world. It can be safeguarded and if you are worried about your residence or any other particular asset, you need not be. There are solutions to this foreclosure problem. Some of them can be listed as follows-

                  • Filing for bankruptcy

                  Filing for bankruptcy is a great option if you are about to face foreclosure. Not only do you get automatic stay but if you are eligible for filing bankruptcy under Chapter 13, none of your assets will be disturbed and your future disposable income will be used to settle the debts. This is one of the easy and effective formulae to prevent foreclosing.

                  • Opting for judicial foreclosure

                  The nonjudicial foreclosure requires a notice of at least 30 days prior initiating the foreclosure. It is important for you to make the lender understand your situation and provide a solution or a plan to pay off the debt in a suitable time frame. If the lender is not convinced, you may have to fight it out in the court and request for judicial foreclosure. There are several benefits offered for judicial foreclosure in states like California however, it proves to be really expensive for the lenders.

                  Depending on the agreement terms, there can be more ways of dealing with the situation efficiently. An expert mortgage lawyer is just a phone call away from you. Don’t let foreclosure haunt you. Dial 888-297-6203 right now!


                    *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.

                  • Bankruptcy Trustee’s Role in Chapter 13

                    Bankruptcy Trustee’s Role in Chapter 13

                    Chapter 13 bankruptcy involves the creation of a repayment plan through which the debtor pays off some or complete amount of their dues to the creditors over a 3 to 5-year time frame. The process is overseen and administered by the bankruptcy trustee appointed to the case. According to Dallas based bankruptcy law firm Recovery Law Group, the various responsibilities of a bankruptcy trustee in Chapter 13 include:

                    • Reviewing of bankruptcy papers

                    Bankruptcy trustee reviews the forms filled by the debtor at the beginning of the case and verifies the information provided on the form with that on the documents provided along with including tax returns, pay slips, etc. The trustee also takes an account of your income, monthly expenses, debts, and any assets you have.

                    • Conducting creditors meeting

                    After a month of filing bankruptcy papers, a Chapter 13 creditors meeting takes place under the administration of bankruptcy trustee. You are expected to answer all questions, under oath, regarding the information provided by you in the documents along with your bankruptcy papers and supporting documents. The creditors can also question you in this meeting.

                    • Assessment of proposed repayment plan for compliance with bankruptcy laws

                    A repayment plan is devised keeping in mind your disposable income, your debts, and your assets. During this repayment plan, you are expected to make payments every month to pay off your debts. In case the trustee has an issue with the repayment plan, they can object to it. A confirmation hearing is scheduled where you can draft an opposition in support of your plan.  The trustee’s job is to ensure that the payment plan meets all requirements. The judge can then either confirm or reject the plan.

                    • Collection of plan payments and their distribution among creditors

                    You need to make monthly payments as per the proposed plan to the bankruptcy trustee within 30 days of filing bank papers. It is the trustee’s duty to hold the funds for the creditors. Once the plan is approved, the trustee can distribute funds to the creditors as per the terms of the plan. This continues for the entire duration of the repayment plan (3 to 5-years). The trustee also evaluates the proof of claim filed by every creditor and keeps an account of the money each creditor has received during the repayment plan.

                    • Objecting to any improper claims

                    Creditors wishing to get funds through Chapter 13 bankruptcy Dallas repayment plan need to file a proof of claim within 70 days of the filing date (180 days in case of government creditors). The claim states the amount due to the creditor and has documents (contract or agreement) to prove their claims. These documents are reviewed by the trustee and they may object to any improperly filed claims or those lacking proper documentation.

                    In case you are confused regarding which bankruptcy chapter is best for you, contact expert bankruptcy lawyers at 888-297-6023 to discuss 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.

                    • 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.