Get Foreclosure Help

Tag: expert bankruptcy lawyer

  • Ignoring These Foreclosure Myths is Essential

    Ignoring These Foreclosure Myths is Essential

    People who have been struggling with finances often are worried about losing their assets like a car or home to foreclosure. This is primarily because of the various myths associated with the foreclosure. According to Dallas based bankruptcy law firm Recovery Law Group,  separating fact from fiction can be quite difficult, unless you have experienced lawyers to handle your case. Some of the basic myths associated with foreclosure include:

    1. Bankruptcy cannot stop foreclosure

    One of the biggest advantages of filing for bankruptcy is undoubtedly the automatic stay provision that puts an end to all collection actions including foreclosure! This provides you with necessary respite and gives you time to keep your funds in order which can help you make payments to avoid foreclosure. Chapter 13 repayment plan also gives you the opportunity to catch up on past due payments so that you can avoid foreclosure of your home.

    1. Banks are on the lookout for your home

    Nothing could be further from the truth. Banks do not have the time or inclination to follow the lengthy process of foreclosure, especially if the property is not worth much. Foreclosing on a property can be detrimental to the bank’s reputation and be bad for their business, therefore, most banks avoid exercising this option, unless no other choice is available.

    1. Foreclosure cannot be avoided

    Timely intervention by skilled lawyers and filing for bankruptcy can avoid foreclosure. There are few options available, however, most people are unaware of them. Since the deadline is critical in the bankruptcy process, it is important you consult an expert bankruptcy lawyer to file a case in time.

    In case you are behind mortgage payments and are worried about foreclosure action against your property, it is advised that you contact experienced bankruptcy lawyers at 888-297-6023 to get expert legal advice regarding your situation.


      *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.

    • Common Misconceptions Regarding Bankruptcy

      Common Misconceptions Regarding Bankruptcy

      Despite bankruptcy being one of the best methods of legally getting rid of unsecured debts, it is often misunderstood. People look down upon the very idea of filing for bankruptcy due to the unnecessary social stigma attached to it. There are numerous instances of business organizations and personal finances crumbling to eventually end up in financial ruins. According to Los Angeles based bankruptcy law firm https://bankruptcy.staging.recoverylawgroup.com/, people are unaware of of the various misconceptions existing about bankruptcy. If you are undergoing extreme financial stress should consult expert bankruptcy lawyers at 888-297-6023 to clear your doubts regarding misconceptions associated with bankruptcy.

      • Large debts result in bankruptcy

      The bad financial situation is something nobody can avoid even after carefully planning your expenses. People often save for a rainy day, however, sudden loss of job or a big medical expenditure accompanied with the home, car and other loans can throw anyone off gear. Filing for bankruptcy in such a situation can help an individual, family or business owner get rid of a huge amount of debt.

      • Filing for bankruptcy ruins your chances of getting credit

      When you file for bankruptcy, it appears on your credit report, with your score going down by 130 -150 points on an average. This may sound very dramatic and drastic and initially it is daunting, but in the long run, things don’t end up as bad as they seem. The bankruptcy is removed from your credit history after 7-10 years in the case of Chapter 7. While if you make efforts to improve your credit rating by living within a fixed budget, making regular and timely payments, you might even get a loan in a couple of years.

      • You end up losing everything in bankruptcy

      One of the worst fear people have is that filing for bankruptcy will result in them losing all their assets. however, nothing could be far from the truth. Federal and state exemptions are available which help protect a bankruptcy filer’s assets. You can protect up to specified equity of property including your home, car, jewelry, personal property, retirement and pension funds, etc. Basically, bankruptcy provides you with provisions essential to continue your life after the entire case is discharged. In the case of Chapter 7 bankruptcy, many time clients end up keeping all their assets while getting their unsecured nonpriority debt like personal loan, credit card bills, etc. discharged!

      • All your debts are wiped away with bankruptcy

      If you think that filing for bankruptcy will magically make all your debts disappear, you have been living under the rock. It is important to realize that certain debts (unsecured priority debts) cannot be discharged even after bankruptcy. Secured debts like car loan or mortgages have assets attached to them. If you wish to keep the property, you need to make payments on those debts or the property (car/home) will be repossessed / foreclosed. Some unsecured debts like a student loan, alimony and child support, government taxes, etc. cannot be discharged despite having a collateral. These are unsecured but priority debts which survive bankruptcy.

      Having an expert bankruptcy lawyer for your case can, not just clear your doubts but also effectively get rid of your unsecured nonpriority debts so that you can get a fresh financial start.


        *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.