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  • How to Fight the Social Stigma Attached With Bankruptcy?

    How to Fight the Social Stigma Attached With Bankruptcy?

    Call: 888-297-6203

    Despite the best efforts of people to bring in the positive sides of bankruptcy, the social stigma attached to it almost always overpowers. Los Angeles based bankruptcy law firm Recovery Law Group has seen various victims of this social stigma who have been struggling with the huge mound of debt but chose not to file for bankruptcy because of its effects on their life. There is no denying that there are disadvantages associated with bankruptcy, however, its pros often outweigh the cons.

    Many people are constantly struggling to pay their bills and lead a normal, debt-free life. However, despite their best efforts, they are still not able to clear all the bills. If this sounds familiar, it is probably time to consult a lawyer. You can make a call at 888-297-6023 to schedule an appointment with experienced bankruptcy lawyers to discuss your case. A veteran bankruptcy lawyer can probably make you understand how bankruptcy can be your way out of the financial mess.

    When you are behind payments, your credit score is low. Filing for bankruptcy won’t tank it further but wipe it clean. Bankruptcy is meant to offer you a fresh financial start. You will see the positive effect of bankruptcy on your credit score once you file for it. Not only will you be able to get rid of a huge amount of unsecured debt, which was holding you down; but also, be able to get a better hold of your finances.

    Despite bankruptcy being public record and remaining on your credit report for 7-10 years depending on the chapter of bankruptcy you filed in; people will not be able to know about it unless they specifically went looking for it. Only your creditors are informed of the bankruptcy. Thus, there is no need to fall prey to the social stigma attached to bankruptcy. Being emotional won’t free you of your debts, bankruptcy would!


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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.

      • Know Everything About Bankruptcy Before Opting for It

        Know Everything About Bankruptcy Before Opting for It

        Call: 888-297-6203

        Your finances are something you generally don’t discuss with everyone. If you are facing some monetary problems, your family or a few friends might be able to come to your rescue. If, however, the debt is too much, even they can’t help. Bankruptcy might be the only possible way to legally get rid of debt. Despite the advantages of bankruptcy, it is important that you don’t jump into it without being aware of the details or you might end up blindsided. Los Angeles based bankruptcy law firm Recovery Law Group, suggests that it is always important if you consult experts before coming to such an important decision as a bankruptcy.

        Many people fear bankruptcy as it can have a negative effect on their credit report. However, there is no denying the fact that you can get rid of several unsecured debts through it. If credit card bills, personal loans, and medical bills form the major chunk of your debts then bankruptcy is the best way out for you; though, it is vital that you hire the services of qualified attorneys specializing in the field. This is because bankruptcy is a complex process involving numerous rules and regulations and laws which are not everyone’s cup of tea. A professionally qualified person such as a lawyer can suggest the best way to get rid of debts.

        There are various chapters through which you can get debt relief and the requirement for each varies. Individual debtors can file for bankruptcy under Chapter 7 or Chapter 13. Since every case is different there is no thumb rule to determine which chapter of bankruptcy is ideal for you to apply for debt relief. Having a bankruptcy lawyer can be an asset in this case. If you would like to consult with experienced bankruptcy lawyers Los Angeles, you can call 888-297-6023 to schedule 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.

        • Is Personal Information Revealed During Bankruptcy?

          Is Personal Information Revealed During Bankruptcy?

          Call: 888-297-6203

          Unable to meet financial commitment is a cause of embarrassment for most people. Majority of them choose to file for bankruptcy to get rid of debts and often avoid letting the news of their bankruptcy out. Many times, they don’t even discuss these issues with their closest friends. Thus, disclosing it to employers or landlord etc. is out of the question. While filing for bankruptcy, a lot of personal information is shared, and this is a major cause of worry for them. Since bankruptcy filing is public information, people are worried as to what happens to the personal information when they file for bankruptcy. Moreover, since disclosing of probable bankruptcy can have an adverse effect on their job, their worry is genuine.

          According to Los Angeles based bankruptcy law firm Recovery Law Group , when you file for bankruptcy, a notice is sent to all your creditors mentioned in the bankruptcy papers. If you owe money to your landlord, and the name is listed in your papers, they will be notified of your bankruptcy. However, you don’t need to worry about other personal information supplied along with bankruptcy papers to be disclosed during the proceedings. Since your tax identification number or social insurance number is not provided in the bankruptcy papers, you don’t have to worry much.

          Bankruptcy is aimed to provide financial relief to people who have been struggling with debt. A qualified bankruptcy lawyer will ensure that not only do you get a timely discharge of debts but also that your personal information is protected. If you wish to make maximum use of bankruptcy relief options, you need to call at 888-297-6023 to speak with experienced bankruptcy lawyers Los Angeles.


            *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.

          • Traits of a Quality Bankruptcy Lawyer

            Traits of a Quality Bankruptcy Lawyer

            Call: 888-297-6203

            Bankruptcy is often not the first choice for people struggling with financial issues. However, if you are contemplating bankruptcy, you probably have run out of every other option. Creditors hounding you for their dues, threatening you with dire consequences, etc. can make you quite vulnerable. Bankruptcy can put a stop to all collection actions including foreclosure, repossession, wage garnishment, etc. thanks to the automatic stay provision. However, filing for bankruptcy requires the guidance of experienced bankruptcy lawyers such as those of Los Angeles based bankruptcy law firm Recovery Law Group.

            Though People can file for bankruptcy without hiring a lawyer also, it is important that you sign on with a qualified bankruptcy attorney if you wish to seek bankruptcy discharge. This is because, filing for bankruptcy involves several documents and legal terminologies, which a layman is generally unaware of. Any incorrect information or missing document can lead to dismissal of your case. It is therefore important that you choose your bankruptcy attorney with care. Here are some points to look for while hiring a bankruptcy lawyer for your case:

            • Bankruptcy involves the filing of documents along with bankruptcy fees. A lawyer who is experienced in the procedure will require some fees for themselves too. Since you are already short on money, it is important that you see the previous success rate of the lawyer before investing money in them. Once hired, the bankruptcy attorney will oversee all the proceedings and filings for your case.
            • Since laws vary from state to state, it is important that the lawyer you choose is well-versed with the state laws, so that you can get a timely bankruptcy discharge.
            • Regular updates and changes are part of the legal system. The potential lawyer you are hiring should be aware of the 2005 bankruptcy code changes so that you don’t end up with any losses.
            • Communication is vital in such an important case. If you are unable to communicate freely with the attorney regarding your financial matters, you will be in big trouble.

            In case you are looking for expert bankruptcy lawyers Los Angeles, you can call 888-297-6023 to schedule 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.

            • Does Bankruptcy End Child Support Obligations too?

              Does Bankruptcy End Child Support Obligations too?

              Call: 888-297-6203

              Despite being one of the best ways to get rid of debts, bankruptcy does not clear you of all your financial obligations. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, elaborate that certain debts survive bankruptcy, no matter which chapter of bankruptcy you have filed under. These obligations include child support debt and alimony. Whether you chose to file for bankruptcy under Chapter 13 or Chapter 7, you will not be off the hook for paying child support and alimony dues to your spouse. Additionally, any fines due to restitution order by a judge, compensation for injuries and damage caused by DUI, etc. are also not negated. Bankruptcy does not affect any of these debts and they need to be paid in full despite bankruptcy discharge.

              Before filing for bankruptcy, it is important to be aware of what debts can be discharged under bankruptcy and which of those will survive bankruptcy. This is vital because if you are filing for bankruptcy to get rid of debts that will end up survive bankruptcy, the entire process will be in vain. To know more about debts which can be discharged in bankruptcy Los Angeles, you should consult qualified attorneys. For consulting with experienced bankruptcy lawyers, 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.

              • Different Types of Bankruptcies

                Different Types of Bankruptcies

                Call: 888-297-6203

                Bankruptcy is one of the most sought out ways to get rid of unsecured debts that people have amassed over a period. Finding themselves in a financial soup can cause panic in people. Los Angeles based bankruptcy law firm Recovery Law Group, advises that there are a number of options when it comes to a bankruptcy filing. The most common chapters include Chapter 7 and Chapter 13. While the former is known as Liquidation Bankruptcy and involves the selling of the non-exempt property to pay your dues; the latter, also known as Wage-earner’s plan, makes sure that the creditors get paid some portion of their dues through a repayment plan. Other chapters of bankruptcy have rarely found their due. the various other bankruptcy chapters include:

                • Chapter 9

                This chapter caters to get rid of debts of municipalities, cities, and towns when the conditions turn out to be insolvent.

                • Chapter 11

                It is the 3rd most common type of bankruptcy chapter and is used to reorganize the business debts and assets of the bankruptcy filer.

                • Chapter 12

                This provision is available exclusively to fishermen and farmers for adjusting their debts. Though it is slightly difficult, it is perhaps the best option available.

                • Chapter 15

                This chapter is to assist those debtors who have some debts within the U.S. and some outside the country.

                Considering that several options are available for a bankruptcy filing, consulting with qualified attorneys Los Angeles is important before you decide to file for one. You can call 888-297-6023 to schedule an appointment with the best bankruptcy lawyers.


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

                  *Do you own a home?

                  Are you currently working?

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

                • Points to Consider While Contemplating Bankruptcy

                  Points to Consider While Contemplating Bankruptcy

                  Call: 888-297-6203

                  Managing your finances is easier said than done. Many people find it difficult to manage their financial problems leading them to consider various debt relief options like debts settlement, debt consolidation, and even bankruptcy. Sometimes, just adjusting your spending patterns is enough to manage your debts, while sometimes, you might require the assistance of professionals to get rid of your debts. Though bankruptcy has earned a bad name, according to Los Angeles based bankruptcy law firm Recovery Law Group, it is probably one of the better ways to manage your situation. However, before deciding to go ahead with it, you should be aware of the pros and cons of bankruptcy. if you are contemplating bankruptcy, the following pointers will come to your aid in making a conscious decision:

                  • How much time will you require to pay your debt?

                  Most common bankruptcy chapters for individuals include Chapter 7 and Chapter 13. While the former gets you discharge on your debts in 3-6 months of filing, you can lose your non-exempt property. In the case of the latter chapter, you end up repaying a portion of your debts over a course of 3-5 years. In case, you don’t have much debts and can pay them back with adjustment in your monthly expenses within a reasonable time frame, you should opt for alternative debt relief options. If, however, you won’t be able to pay back your debts, bankruptcy might be the best possible way out.

                  • How big is your debt?

                  If your debt is manageable i.e. just a couple of thousand dollars, you could easily manage it without filing for bankruptcy. However, even this amount should not be neglected, and efforts should be made to pay it back since creditors can cause numerous problems.

                  • How much of your debt is dischargeable?

                  Before considering bankruptcy to get rid of your debts, it is important to know which of your debts can be discharged. Secured debts like mortgage and auto loan are not included in bankruptcy. Additionally, priority debts like child support and alimony or certain court-ordered taxes (compensation for damages due to personal injury claims, etc.) also won’t be discharged. If these constitute a major chunk of your debts, filing for bankruptcy won’t resolve your problem.

                  • Do you risk foreclosure or repossession?

                  Creditors who are about to foreclose on your property can cause you to think of bankruptcy as a way out. Filing for bankruptcy puts an automatic stay in place which prevents foreclosure and repossession, providing you with ample time to catch up on a way to manage your finances.

                  Admitting you have financial problems is the first step to get control of the situation. Discussion with experienced bankruptcy lawyers Los Angeles can help you conclude whether you should opt for bankruptcy or some other debt-relief options to manage your debts. In case you want to put your money problem away, consult with experts at 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.

                  • How Easy is it To Purchase a Home After Bankruptcy?

                    How Easy is it To Purchase a Home After Bankruptcy?

                    Though it is an excellent way to get rid of unsurmountable debts, bankruptcy has its downside too. Your credit report can remain affected by your bankruptcy for a long time. Bankruptcy remains on your credit record for a duration of 7 years in case of Chapter 13 bankruptcy and 10 years in case of Chapter 7 bankruptcy. This has a detrimental effect on your ability to get credit in the future. Though you may find it difficult to purchase a home after bankruptcy, lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, say, it is not impossible. Certain steps in the right direction can help you realize your goal.

                    • Assess your financial situation

                    If you want to buy a house, it is important that you avoid making the same mistakes over and over. It is therefore important to assess your financial situation before making any decision. You need to build your credit standing after bankruptcy and taking stock of your finances is where you should start with.

                    • Live according to a budget

                    Spending more than you can afford to lead you to file for bankruptcy. If you wish to avoid the situation, you need to be careful with your money. Plan your monthly expenses and stick to that budget. This will allow you to build a capital in a substantial amount of time.

                    • Get a credit card

                    Surprisingly, the best way to rebuild credit is through a credit card! Getting one at your terms might be difficult, especially if you are fresh out of bankruptcy. You can start with a secured credit card which will help in rebuilding your credit. Over a period, you might get a regular credit card at a reasonable interest rate which will help you get a mortgage on the home.

                    Though buying a home after bankruptcy is not easy, however, it is not unachievable too. With these tips, you will be able to improve your credit rating enough to get you a mortgage. To help with your bankruptcy, you can consult with expert bankruptcy lawyers Los Angeles at 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.

                    • Child and Spousal Support in Chapter 13 Bankruptcy

                      Child and Spousal Support in Chapter 13 Bankruptcy

                      Call: 888-297-6203

                      If you have ended up accumulating large amounts of debts, bankruptcy might be a great way to get rid of those debts. However, while you decide to file for bankruptcy, it is vital to understand that not all debts get discharged during bankruptcy. According to Los Angeles based bankruptcy law firm Recovery Law Group, secured debts, as well as priority debts, survive bankruptcy. Secured debts are those debts against which the creditor has some asset (mortgage, auto loan, etc.) while priority debts include those like child support and alimony payments.

                      Chapter 13 bankruptcy offers a great chance for people with large amounts of debts and sufficient income to put a hold to collection tactics of creditors. Automatic stay is put in force when any individual files for bankruptcy, and this provides debtors with enough time to restructure their finances in order to pay their debts in time. Sometimes, debtors might also place a stay on the collection of child or spousal support. However, it is vital to remember that these debts are not discharged in bankruptcy.

                      Usually, support obligations (child and spousal support) are not affected by Chapter 13 bankruptcy. Individuals who file for bankruptcy under this chapter continue to make payments towards this obligation throughout their bankruptcy course. However, if they request to put a halt on the support collection during chapter 13 bankruptcy recourse, the court can allow it.

                      Since support obligations are considered priority debt which though unsecured is never discharged in case of bankruptcy, the debtors are expected to make payments towards this debt, even after their bankruptcy discharge. In case a debtor is successfully able to halt collection actions on these debts during their bankruptcy chapter, completion of Chapter 13 bankruptcy discharge will result in them having to pay for the obligations, till the support order requires them to. Chapter 13 bankruptcy discharge, therefore, has no effect on the payment of child and spousal support.

                      If you find all this too mind-boggling, it is best you consult with experienced bankruptcy lawyers Los Angeles who are aware of the various nuances of the law. You can call 888-297-6023 to seek expert guidance regarding the best approach to get back on track financially.


                        *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.