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  • How to Stop Wage Garnishment And Collection Actions of Creditors in California

    How to Stop Wage Garnishment And Collection Actions of Creditors in California

    Time and again, bankruptcy lawyers such as those of Los Angeles based law firm Recovery Law Group reiterate that with a few exceptions (taxes, alimony, child support, student loan etc.) garnishment does not take place in states of California, Nevada and Texas unless a creditor has filed a case against you in a law of court and obtained judgment against you. In case they get a judgment against you, they need to file a request for garnishment which is issued to your employer. With this notice, your employer will need to provide your wages to the creditors at a specified time. However, the process requires you to be aware (via a notice) of the garnishment. Post receiving the notice, you need to ensure that you take appropriate actions against it (demand garnishment hearing, prove federal exemptions to the wage garnishment, etc.)

    Considering that you are already going through bad financial times, wage garnishment can really make life difficult. It is important that adequate steps are taken to prevent such instances from happening. One of the ways you can prevent garnishment is that according to federal laws, first $217.50 of weekly take-home pay (after deduction of taxes and social security) is totally exempted from garnishment. In case your wage is more than the mentioned amount, your employer needs to pay the garnishing collector either of the smaller amounts:

    • Your weekly pay after deductions and exemptions ($217.50) or
    • 25% of your weekly pay after deductions

    The specific amount is linked to minimum wage. In case the hourly minimum increases from $7.25 per hour, the weekly amount also increases. It must be kept in mind that this rule applies to wages only as per the federal rule. Supplemental Security income, Social Security payments, and unemployment are exempt from any non-governmental garnishing creditors.

    If you wish to tackle the issue of a wage garnishment, it would be better if you take the services of an experienced bankruptcy lawyer. You can opt for filing for bankruptcy under either Chapter 13 or Chapter 7. When you file for bankruptcy, the automatic stay is enforced which stops creditors from taking any garnishment actions. Simultaneously, the defense should be built up to either slow down or prevent the creditors from any garnishment action.


      *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 are the Debt Relief Options for Small Businesses and their Owners?

      What are the Debt Relief Options for Small Businesses and their Owners?

      Starting a business in uncertain times can go anywhere. Whether you reach the zeniths of success or taste failure, it is a matter of chance. The odds are stacked against you no matter which business you wish to start. A lot of financial capital, overhead expenses, and advertising are involved to make any business a successful venture. However, sometimes, business owners might find themselves struggling with these expenses, trying to stay afloat or make a profit. In case small business owners or start-ups are facing problems in managing their finances (personal or business) they might find themselves under heavy debt. This is more often seen when the business is a sole propriety one, wherein the personal finances and assets are tied up with business ones. For such situations, Sacramento based law firm Recovery Law Group provides an insight into the debt relief options for small businesses and business owners.

      Since a lot of emphases is being given to people who wish to become independent by turning entrepreneurs, the legal system also supports them during the time of financial crisis. Business owners facing economic issues at work and under financial stress have a number of viable options to take care of financial matters. A consultation with lawyers specializing in bankruptcy can help clear the problems. It is important to seek legal assistance to sort out the financial mess so that you can improve the position of your business and continue operating it, while simultaneously improving on your personal finances.

      What are the Debt Relief options Available for Businesses?

      Just like every individual’s circumstances are different, so do the problems in businesses. Your debt relief options will depend on your unique situation. Factors influencing debt relief include – a type of business, the aim of business owners and the nature of the financial problem. The different ways in which business owners can utilize bankruptcy is elaborated below:

      Chapter 7 Bankruptcy – Small businesses especially those with single proprietorships may use this chapter of bankruptcy. The unique circumstances which prompt the usage of this chapter are when the business has no future and the owner wishes to liquidate it, without any plans of restructuring. This is usually chosen when the businesses have overwhelming debts, the business is being operated due to an extension of a particular skill set and the owner has very few or limited assets.

      Chapter 11 Bankruptcy – This option is generally chosen when business owners wish to remain in business. This chapter allows reorganization and thus creates plans for paying the creditors’ off, over a fixed time period. A drawback to choosing this chapter is that it is a complicated and lengthy process which may not always be ideal for small business owners.

      Chapter 13 Bankruptcy – The reorganization bankruptcy is generally used as a form of personal bankruptcy. This is generally ideal for small businesses, especially when companies wish to pay back a percentage of their debt. The repayment plan suggested by the bankruptcy court is followed by business owners who have invested personal funds in their business venture. This chapter of bankruptcy can, however, not be used by corporations and businesses which do not have sole proprietorships.

      If you wish to get over the financial troubles that your business is currently facing, it is important to make a consultation with specialized bankruptcy lawyers. The legal minds can help guide you through the financial problems and suggest the best legal recourse available for you.


        *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 to know it’s Time to Consider Bankruptcy?

        How to know it’s Time to Consider Bankruptcy?

        Misfortune can happen to anyone, at any time. It is important to keep a steady head and look for the best possible solution to your financial troubles. Unfortunate circumstances can cause even the most responsible person to go through a bad financial period. An unexpected long illness, job loss, or expensive divorce can derail even the best people financially. In case you too are going through such a phase of financial struggle and are wondering whether it is time to file for bankruptcy, Sacramento based law firm Recovery Law Group provides you four signs to identify the problem and consult a bankruptcy lawyer.

        Clearing Your Debts Using Your Retirement Funds

        Your retirement funds are supposed to be helping you in your old age. If you have to dip your hands in this corpus to pay off your debts, you are essentially depriving yourself of a comfortable old age. In case you are considering or have gone ahead with early withdrawal from your retirement funds, things are more serious than you thought. Paying off your loan by using your retirement funds will hurt you in the long run.

        Your Balances Refuse to Go Down

        Despite making continuous payments with respect to your debts, the amount due is not getting reduced. If the amount you are repaying is merely covering the interest portion of the debt without making any change on the principal amount, you need to consider bankruptcy. If you are unable to fully pay off your debt within 3 years, it would be best if you consult an expert for legal advice regarding your debts.

        Family Will End up Suffering if You Don’t File

        Managing your debts and caring for dependents of your family can be not only emotionally and physically but also financially draining. If you are finding it difficult to manage both worlds, it is recommended to take care of your debts by filing for bankruptcy. Not only it helps you get rid of your loans, but it also allows you to get a fresh financial start so that you can effectively take better care of your family.

        Your Mortgage is Under Water

        If you are way over on your debts, your home, and other property might go under water if adequate steps aren’t taken soon. Bankruptcy can help you take care of the above-mentioned problems as:
        • It can help wipe out any debt due after foreclosure.
        • It can remove a home equity loan or second mortgage.
        • It can help remove financial stress and assist you in making on-time payments or obtain loan adjustment so that you can retain your home.
        • It can help reduce your debts to make money available to make the mortgage payment.
        • Large tax bills due to the cancellation of debt income can be avoided.

        Every individual has had their shares of financial issues, the circumstances of which may differ from one individual to another. Indicators of financial problems and debts might vary, but it is important to understand the subtle signs and seek help from professionals on time. consulting a bankruptcy lawyer if you face any of the above-mentioned signs is important before things spiral out of hand and you encounter trouble making payments or your income starts getting affected.


          *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.

        • Busting Common Bankruptcy Associated Myths

          Busting Common Bankruptcy Associated Myths

          There are many myths when it comes to bankruptcy; many of which are spread with a malicious intent of scaring debtors into filing for bankruptcy. However, most of them are just myths with no basis for truth. Bankruptcy Laws have been designed to offer people suffering from a severe financial crisis, a fresh financial start. Instead of believing everything you hear about bankruptcy, it is better to consult a good lawyer to sieve through the misinformation circulating around and filter the facts for you. Believing the myths will give you a wrong idea about bankruptcy that can cause you or your loved ones to make errors in your financial journey which will have long term detrimental effects.

          To successfully understand the process of bankruptcy, it is important that the bankruptcy myths are properly addressed by experts. Some of the most common myths associated with bankruptcy, as per lawyers of the Los Angeles based law firm Recovery Law Group are:

          • Bankruptcy can help eliminate all past debts. Though bankruptcy offers a fresh start, it is not a complete washing of your financial slate and handling you a blank one. Filing for bankruptcy doesn’t mean that you have to pay any money that you owe. Several debts like alimony, child support, student loan payments, restitution payments, etc. are not discharged by bankruptcy and you will have to pay for them. If you have filed your taxes, there may be a chance that related tax debts you have to get reduced or eliminated, otherwise, these debts also remain.
          • Bankruptcy permanently destroys your credit. Filing for bankruptcy does affect your credit, but this is temporary and you can rebuild your credit score as well as history post your bankruptcy discharge. Once you have cleared all your dues and get a fresh start, credit card companies approach you with a new line of secure credit cards. It is important to get a low-limit card and make regular on-time payments on them to improve your credit score. Once you have to rebuild your credit history, you can get a regular credit card. However, it is important to make regular payments to not fall back on bad times financially.
          • Bankruptcy filers are generally financially irresponsible people. Nothing could be farther from the truth as many times personal problems like unemployment, huge medical bills, expensive divorce settlements can wipe anyone financially. These kinds of financial problems can happen with even the best people. Many people file for bankruptcy due to such financial issues on a regular basis as bankruptcy helps them overcome the financial losses incurred due to no fault of theirs.
          • Spending sprees before bankruptcy filing are not be repaid. Going on a spending spree just prior to filing for bankruptcy is viewed as a fraudulent activity by the court. The debts thus incurred are not dischargeable and you will have to pay for them even if you file for bankruptcy. In fact, with such activities, you will have hampered your bankruptcy case and also exposed yourself to criminal allegations. Just because you are filing for bankruptcy doesn’t allow you to go ahead and splurge as you can end up in deeper troubles than you already are.

          Though bankruptcy is a no financial cure for all, yet it is one of the best ways to get over troubled financial times. Get a fresh start and regain financial independence by asking bankruptcy lawyers for all options available for you.


            *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.

          • Dealing With Business Debt? Can Chapter 13 Bankruptcy Help?

            Dealing With Business Debt? Can Chapter 13 Bankruptcy Help?

            Many people wish to turn entrepreneurs and often succeed in their endeavors too. However, not every business idea takes you to the zeniths of the sky, some fight falls flat and leave you with a huge debt to clear. In case you belong to the latter category, there is no need to worry if you are looking to reorganize your debts. U.S. federal laws have come up with Bankruptcy Code to help individual and organizations to overcome their financial losses by filing for bankruptcy under various chapters. Small business owners in need of financial assistance can consider Chapter 13 bankruptcy to come up with a repayment plan based on their type of debt, income, monthly expenses, assets you need to keep your home and business in operation. (more…)

          • How to Prevent Bank Levies

            How to Prevent Bank Levies

            In case you have incurred huge debts and are in no financial condition to pay them off, the best resource available to you is to file for bankruptcy. To do the same you can either use one of the bankruptcy lawyers to file bankruptcy for you or you can do it yourself. However, as Sacramento based law firm Recovery Law Group explains, many times debtors filing for bankruptcy without any help from lawyers, end up into financial troubles like post-bankruptcy filing bank levies. (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…)

          • Not Sure If You Should File Chapter 7 Or 13? Know The Difference Between Two, First

            Not Sure If You Should File Chapter 7 Or 13? Know The Difference Between Two, First

            Confused about what you should file, Chapter 7 or Chapter 13? Based on your current circumstances, you may find one choice outdoes the other. Chapter 7 and Chapter 13 are no same, and carrying different potential consequences. Both, however, can help defaulters make a suitable move toward debt repayment.

            Chapter 7 bankruptcy San Antonio, otherwise known as liquidation, is a legal choice that helps people discharge their debts. This also means having to capitulate some of your valuable assets, such as cars, additional properties or even cash, sometimes. (more…)