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Tag: Bankruptcy Attorney Firm

  • Bankruptcy Basis – How To Get Discharge in Bankruptcy?

    Bankruptcy Basis – How To Get Discharge in Bankruptcy?

    Bankruptcy discharge varies on the type of bankruptcy chapter the case is filed under by the debtor. Bankruptcy discharge relinquishes a debtor from any personal liability for some specified types of debts i.e. a debtor is no longer legally bound to pay any debts that are discharged by the court. Since the discharge is permanent, creditors are prohibited from taking any action (legal action or communication with the debtor, letter, phone call, personal contact, etc.) for the collection of discharged debts. Though the debtor is not to be held personally liable for any discharged debts, a valid lien (charge upon specific property to ensure payment of debt) that hasn’t been evaded will remain after the bankruptcy case. Thus, a secured creditor can enforce the lien to recover the property secured by the lien. (more…)

  • If You Thought Success after Bankruptcy is Not Possible, You Are in For a Surprise!

    If You Thought Success after Bankruptcy is Not Possible, You Are in For a Surprise!

    There are many misconceptions associated with bankruptcy. The most popular one being that successful people or business houses do not file for bankruptcy. Another myth is that once you have filed for bankruptcy, getting out from the ruins and making a name for yourself is impossible. Well, nothing could be farther from the truth. Los Angeles based law firm Recovery Law Group would help break the myths associated with bankruptcy and success. Bankruptcy as a process is designed to help people out of the financial mess and help them start a fresh life.
    There have been many instances where big brands have had to file for bankruptcy when they hit bad times. Despite having hit rough waters, they have been able to resurrect their name after declaring for bankruptcy. Big names like fashion designer Betsey Johnson, airlines like Delta, United, American and Air Canada had also filed for bankruptcy and bounced back to become market leaders, turning an excellent year-end profit. If such big names can get up again after biting the dust, individuals filing for bankruptcy too can start afresh. Anyone can end up facing unexpected debts due to a few miscalculated decisions. Expensive legal tussles, huge medical bills, unemployment or any other unforeseen event can cause financial disturbances in anyone’s life. Filing for bankruptcy can help give you a fresh start, wiping your bad credit and allowing you to move ahead.
    To get a head start on turning back the tide, it is important that you consult with bankruptcy attorneys who will help you to regain financial independence post-bankruptcy. Participate in financial empowering sessions to develop an understanding of how filing for bankruptcy can be used to benefit your or your businesses financial standing. Achieve success after filing for bankruptcy, by making a fresh start.


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    • Bankruptcy – Get a Fresh Start

      Bankruptcy – Get a Fresh Start

      People often end up spending more than they earn making them unable to pay their dues. One of the best ways to protect yourself, according to Los Angeles based law firm Recovery Law Group is to file for bankruptcy. This offers a fresh start to people who are unable to pay their dues. They can liquidate their assets to clear their dues or form a repayment plan. Bankruptcy laws can be used to help protect financially unstable businesses too. (more…)

    • How Can Automatic Stay Help People Filing For Bankruptcy?

      How Can Automatic Stay Help People Filing For Bankruptcy?

      Bankruptcy is a daunting word, especially for those who are facing acute financial problems. Filing for bankruptcy does not come easy for people. However, it is surprising that many people are unaware of the fact that a number of options are available for people that can help you during this process. The automatic stay is one of the biggest arsenals in the kitty for people who file for bankruptcy. However, not much is known about this tool. The automatic stay is a part of all bankruptcy cases and helps stop all creditors and debt collection agencies from taking any collection actions against you. (more…)

    • Recovery Law Group Claim to Be a Better Pick as Chapter 7 Bankruptcy Attorney Firm?

      Recovery Law Group Claim to Be a Better Pick as Chapter 7 Bankruptcy Attorney Firm?

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