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  • Can Bankruptcy be the Solution for Identity Theft Related Debts?

    Call: 888-297-6203

    Identity theft is a common issue across the country. People often face numerous issues because some obscure person managed to steal their identity. One of the worst problems is the amount of debt which identity thieves accumulate, which unfortunately gets reflected on your credit report. This can have grave consequences according to lawyers of Dallas based bankruptcy law firm Recovery Law Group. You might have to bear the brunt of aggressive debt collectors despite your repeated attempts to assure them of your innocence.

    How to deal with identity theft?

    Whenever you become aware of any identity theft fraud, it would be ideal to file a police report against it. if you are in luck, the perpetrator of the crime might get caught; however, most of the times, the culprits are sitting miles apart from you and therefore almost impossible to get hold of. Since, people who have stolen your identity, have done it for the purpose of exploiting it completely (incurring huge amounts of debts), the next important thing is to contact your credit card companies and inform them about the issue. You can also provide them with a copy of police report to assure them that the debts currently being charged on your credit report are not a result of your activity.

    Unfortunately, the debts on your credit report end up giving you a bad credit which you must deal with. Despite proving your innocence, credit companies might ask debt collection agencies to collect on the debt. Debt collectors’ resort to all kinds of harassing and threatening tactics, including intimidating phone calls and letters, calling at odd hours, etc. All of this can be quite intimidating and troublesome. If you have been facing such a situation, looking for an attorney might probably be a good idea. Call experienced bankruptcy attorneys at 888-297-6023 and discuss your predicament with them.

    Bankruptcy might be the solution you have been looking for, in order to get rid of the debts resulting from identity theft. Generally, these thefts are due to credit card debts or personal loans, which are unsecured nonpriority loans. Such debts are discharged during bankruptcy which will result in improving your credit score eventually. With time, after your credit score improves, you can apply for a new credit card. Though filing for bankruptcy is a last resort in case of identity theft, it is better to hire an attorney than to deal with every credit card company individually. With the help of an experienced bankruptcy attorney, you might be able to get back at life after identity theft.


      *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.

    • These Questions About Bankruptcy Can Make You Understand it Better

      These Questions About Bankruptcy Can Make You Understand it Better

      Call: 888-297-6203

      Bankruptcy can be quite specific and technical for a common person to understand. This has caused many problems as people fear the repercussions more than understanding the benefits it offers. You will be surprised to know that unlike other forms of debt relief, bankruptcy is quite simple. Lawyers of Los Angeles based bankruptcy law firm Recovery Law Group, answer some of the prominent queries raised by people regarding bankruptcy.
      1. Will I end up losing all my possessions?
      Liquidation of assets takes place in the case of Chapter 7 bankruptcy. In that case, too, most assets of bankruptcy filers are exempted through state or federal exemptions, and only non-exempt property can be sold off to repay creditors. Most people can save almost all their assets through exemptions, though they may have to let go of luxury items.
      2. Can the creditors sue me?
      Filing for bankruptcy puts an end to all collection actions including repossession and foreclosure. It also protects you against any possible lawsuit filed by creditors. The creditors cannot sue you in the future too if the debts were included in your bankruptcy and discharged. However, for jointly held debts that were not discharged in bankruptcy, you or your spouse could be sued by the creditors.
      3. Can my taxes be discharged in bankruptcy?
      Some debts can survive a bankruptcy discharge. These include student loan debt and taxes. Certain taxes like some income tax can be discharged in bankruptcy while taxes like property and sale tax are not discharged during bankruptcy.
      4. Is it mandatory for my spouse to file for bankruptcy too?
      It is not essential for spouses to file for bankruptcy jointly. However, if the majority of the debts are jointly held, then filing jointly would be helpful. You can save on filing fees and attorney charges. However, the best judge of the situation would be a qualified lawyer. You can discuss this issue with experienced bankruptcy attorneys 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.

      • What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

        What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

        The two most common chapters under which bankruptcy is filed are Chapter 7 and Chapter 13. Chapter 7 is known as liquidation bankruptcy where non exempted assets are liquidated or sold off to pay your creditors. This chapter of bankruptcy typically results in discharge within 3 months of filing without making any further payments. While in Chapter 13 bankruptcy case, a court approved repayment plan is devised to clear your debts with the creditors. According to Dallas based bankruptcy law firm Recovery Law Group, partial payment based on your disposable income is made to creditors over a period of 3-5 years. Any remaining debts after the duration are discharged.

        Filing for bankruptcy reflects on your credit report. A Chapter 7 bankruptcy Dallas remains on your credit report for 10 years while a Chapter 13 one appears for 7 years from the filing date. This is so because, in the former case, no repayment of debt takes place while in the latter, a certain portion of the debt is paid. If you wish to know more about the details of the workings of either chapter, contact 888-297-6023 and consult with experienced bankruptcy attorneys.


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

          *Do you own a home?

          Are you currently working?

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

        • Most Common Questions Related to Bankruptcy Answered

          Most Common Questions Related to Bankruptcy Answered

          Though bankruptcy is a legal method of getting rid of debts, there are various misconceptions attached to the entire process. It doesn’t help with people being confused due to lack of authentic knowledge regarding the process. There are various queries related to the process, which generally remain unanswered, says Dallas based bankruptcy law firm Recovery Law Group, adding further fuel to fire. Here are some of the most common questions related to bankruptcy answered by experts.

          Can I file for bankruptcy without a lawyer?

          Though filing for bankruptcy without a lawyer is allowed, yet it is not recommended as there are several legalities and paperwork. A novice who has no experience in the field might end up missing filing any important documents, which may lead to the case being dismissed, or a debt being omitted from discharge, etc. Therefore, it is important to seek consultation from experienced bankruptcy attorneys and hire one to get rid of your debts. You can consult with expert bankruptcy lawyers at 888-297-6023 to know more about your case.

          Which chapter of bankruptcy would best suit my needs?

          Individual debtors can file for bankruptcy under Chapter 7 or Chapter 13. However, before deciding on which chapter would best suit your needs, the attorney needs to consult with you with respect to your assets, income, debts, creditors, your transactional history, etc. If you wish to get a quick discharge for your unsecured nonpriority debts, Chapter 7 is your best chance. However, if you wish to retain all your assets, you might end up choosing Chapter 13 where you can repay your debts over a period of 3 to 5 years.

          Are all my debts discharged in bankruptcy?

          Your debts are categorized into two – secured and unsecured debts. While the former has an asset attached with the debt, such as house mortgage, automobile loan, etc., the latter does not have any such benefit. Since the creditor of secured debt can get their dues by repossession or foreclosing on the property, these debts are generally not discharged during bankruptcy. Unsecured debts can be priority ones like alimony, child support, certain taxes, and student loan debts or nonpriority like medical bills, credit card bills, utility bills, personal loan, etc. unsecured priority debts are also not discharged during bankruptcy. Filing for bankruptcy can get rid of your unsecured nonpriority debts.

          Will I lose all my assets in bankruptcy?

          Both state and federal government offer exemptions to protect assets of the bankruptcy filer. Since bankruptcy is meant to be a way to give people fresh financial start, they have the right to retain equity in their belongings. You are exempted up to a fixed amount of equity in your home, vehicle, household items, pension accounts, some personal property, etc.

          What happens to my credit rating?

          Bankruptcy is reflected in your credit history and remains so for nearly 10 years. Though it lowers your credit rating, yet it is a boon for people who have been struggling to make ends meet. You can easily improve your credit rating after bankruptcy by seeking financial counseling and making timely payments on your bills, avoiding loan for a couple of years and living within means.


            *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.