In order to hard reset a LG Phoenix P505, you should perform the following steps.
Remember! Hard reset will delete all the data on your device; pictures, contacts, messages, apps and more.
LG Phoenix P505 device will be brought back to the default configuration of a brand new device.
1. Press the Power button. Hold it down until the phone switches off.
2. Hold down the Volume Down, Home and Power buttons simultaneously. Let go of them when an LG logo appears on screen.
3. Press the Power button twice to confirm the process.
4. Phone should now reset'n'restart, thus completing the hard reset process.