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  • Can Bankruptcy Ruin Your Future?

    Can Bankruptcy Ruin Your Future?

    Call: 888-297-6203

    Inability to manage your finances can be an extremely frustrating situation. People are often unable to fathom how and when such a situation could have arisen. This can make you despondent which can be quite disheartening. However, one needs to think and act practically if they wish to get out of the financial mess, sooner rather than later. As per lawyers of Dallas bankruptcy law firm Recovery Law Group, the primary step one should take in such a situation is to consult and hire one of the best bankruptcy attorneys. In case you wish for a consultation with one, you can call 888-297-6023.

    Consulting with a qualified bankruptcy attorney gives you a better idea of the options available to you to deal with bankruptcy. You might come to discover that bankruptcy is not the monster it has been made to appear. In fact, bankruptcy prevents foreclosure, repossession and any legal actions against you as a result of non-payment of dues and offers you a fresh financial start.

    Losing a job, sudden medical expenses, etc. are reasons which can cause people to end up accumulating debts. Bankruptcy is a way out for people who have had the misfortune of being in a bad financial situation though probably no fault of theirs. Once the negative connotation associated with bankruptcy is dealt with, it becomes easier to think how to go ahead with getting rid of debts. Individuals can file for bankruptcy under different chapters, the most popular being Chapter 7 and Chapter 13. An adept bankruptcy lawyer Dallas can help decide which will work best 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.

    • Bankruptcy History in the U.S

      Bankruptcy History in the U.S

      Call: 888-297-6203

      In the early 20th century, bankruptcy was a rare phenomenon, with just 0.15% in 1000 people choosing it to get rid of debt. However, over the past 100 years, people seeking financial protection through bankruptcy have increased dramatically. Over a period, through the 60s and 80s, an increase was observed in bankruptcy filings in the U.S. However, as per statistics available, between 1980-2000 an increase was seen with up to 7.6% per 1000 per year. Contrary to this, a decrease in this percentage was observed post-2004 with 5.3% per 1000 individuals.

      However, Dallas based bankruptcy law firm Recovery Law Group, informs that the data is a national average without taking specific filings into account. Breaking the information state-wise you get to know that the maximum bankruptcy filing rate is in the state of Tennessee; with 10 people per 1000 seeking bankruptcy protection. On the other hand, Massachusetts has a mere average of 2.8 per 1000 bankruptcy filings. To understand the economic condition of the country, it is important that you break things up into relevant smaller pieces and observe the bigger picture. In case you are considering bankruptcy as an option to relieve yourself of your huge debts, you can call 888-297-6023 to schedule an appointment with the best bankruptcy lawyers Dallas.


        *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: Facts Vs. Fiction

        Bankruptcy: Facts Vs. Fiction

        Call: 888-297-6203

        Bankruptcy has earned a bad name among the general population. People often want to avoid someone who has filed for bankruptcy. However, it will be astonishing to know that bankruptcy is more common than you would like to think or admit. In fact, bankruptcy is one of the best ways to get rid of a huge amount of debts and wipe your financial slate clean. According to Dallas based bankruptcy law firm Recovery Law Group, people fear bankruptcy because of the various myths surrounding it. Sifting fact from fiction is important so that people are aware of the benefits of bankruptcy. Some of the most common myths associated with bankruptcy include:

        The prior credit report can affect bankruptcy

        Nothing can be far from the truth. No matter how good or bad your credit history was prior to filing for bankruptcy, it has absolutely no effect on your credit after bankruptcy. When you file for bankruptcy, it is mentioned on your credit report, irrespective of your past credit information. Depending on the chapter of bankruptcy you file under, bankruptcy can appear for a period of 7-10 years. Unlike previous credit information, this is going to affect your credit rating in the future.

        Bankruptcy causes irreparable damage to your credit rating

        Yes, mention of bankruptcy can harm your credit rating, but just like nothing is permanent in life, this is also a temporary setback. You can start making efforts for rebuilding your credit even before your bankruptcy is discharged. Seeking professional assistance from financial counselors can go a long way for rebuilding credit. You can start by living within means, avoiding unnecessary expenditure and paying bills on time. These methods can help build positive credit to improve your credit rating.

        You won’t be able to secure a credit card after bankruptcy

        People with bankruptcy find it difficult to get credit at a reasonable rate, however, they can get secured credit cards which make things easier for them. Other options available include getting a credit builder loan which involves paying a deposit as collateral against the loan.

        Before falling prey to rumors, it is important to find out the truth about the various debt relief options including bankruptcy. After weighing the pros and cons of each option, you should decide which would be the best way to get rid of debts. In case you wish to seek assistance from experienced bankruptcy lawyers Dallas , you can call 888-297-6023.

      • What Effect Does Bankruptcy Have on Your Credit?

        What Effect Does Bankruptcy Have on Your Credit?

        A bankruptcy filing is a tough decision and can often be quite intimidating. Many people fear the worst; ruining their credit history. However, say Dallas based bankruptcy law firm Recovery Law Group, the process is hyped to be more daunting than it is. However, having an expert bankruptcy lawyers by your side can ease things for you. Contact at 888-297-6023 to clear your doubts about how to improve your credit chances after bankruptcy.

        It is important for people to understand that the ill effect of bankruptcy does not last forever. Many people who file for bankruptcy already have a bad credit score, so filing for bankruptcy is not going to make much change to their credit score. However, for people who have had a good credit rating, their credit score might take some time to get back. After bankruptcy, you can start with a clean financial slate and with regular and timely payments you can bounce back in no time. Though bankruptcy stays on your credit report for up to 10 years, your credit can bounce back with continuous efforts.

        After bankruptcy, you get numerous benefits associated with a fresh financial start. The situation varies with people having a differing initial score.

        • Starting with a good score

        When you have good credit and yet end up filing for bankruptcy, the fall in credit score is more drastic in such cases. However, since most of the individuals are financially savvy, they can work hard and improve the credit rating within a few months of getting their bankruptcy discharged.

        • Starting with a bad score

         People with low credit rating do not suffer much from the hit bankruptcy has on the credit rating. Since there is no place lower to go, you can only improve your credit rating after a bankruptcy discharge. Bankruptcy is ideal for such candidates and they can manage their finances better in the future.

        One of the major myths surrounding bankruptcy is that you can never recover from the hit bankruptcy takes on your credit score. However, it is a misconception as bankruptcy is a means to get a clean slate. Though the effect is not seen immediately, in the long run you can rebuild your credit after filing for bankruptcy. Having an experienced lawyer Dallas can help you get through financial problems with ease for a brighter and secure financial future.


          *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.