bankruptcy attorneys

Using Tax Refunds for Filing Bankruptcy is the Best Use of Refunds

Call: 888-297-6203 As a year ends, the tax filing for the next year begins. According to Federal laws employers need to provide their employees with W2s before January end so that federal income taxes can be filed till April 18th. According to a survey conducted, 30% of people who received tax refund used it to lower their debts. Most of these people would use it to file for bankruptcy (Chapter 7 or 13). According to Dallas based bankruptcy law firm, https://www.recoverylawgroup.com/ using the tax refund to file for bankruptcy not only provides the best use of money but [...]

2019-10-11T10:53:55+00:00

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 [...]

2019-10-03T13:08:37+00:00

Creditors Can Be Held in Contempt for Violating Discharge Ordered by Bankruptcy Court

The bankruptcy laws have been enacted to make life easier for people who are undergoing tremendous financial losses. However, despite filing for bankruptcy and getting a discharge, many times, creditors still harass debt filers for dues. Citing the bankruptcy case of Jarvar, Stanley E. and Barbara J.; In re (Jarvarv. Title Cash of Montana Inc., et. al.), the Los Angeles based law firm Recovery Law Group respite is available to debtors from creditors who violate bankruptcy discharge. Such creditors can be held in civil contempt. How Jarvar v. Title Cash of Montana Inc., et. al. Bankruptcy Case Changed [...]

2019-05-09T12:46:45+00:00

Hiding Assets Could Cost You More Than You Intend to Save

While filing for bankruptcy, it is mandatory for all filers to disclose their assets in their petition. It is extremely important that bankruptcy filers are truthful in their declaration and do not try to hide their assets. Some people have the opinion that if they hide their assets, those assets will remain secure and would not be taken away by the court during bankruptcy proceedings. However, probably unknown to them, they are committing perjury which is reprimanded by penalties, which in the long run may prove costlier to the filer. […]

2019-05-06T13:42:49+00:00

A Concise Guide to Thriving Financially after Bankruptcy

No matter how indebted you were before, bankruptcy offers a chance to every individual and organization to start a fresh with a clean financial slate. However, one of the major concerns of most debtors is how to keep themselves afloat, steer clear of debt and prosper financially after their bankruptcy episode. Sacramento based law firm Recovery Law Group provides some excellent tips for you to flourish even after declaring and undergoing bankruptcy proceedings. […]

2019-05-06T13:37:48+00:00

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. […]

2019-05-06T10:01:16+00:00