Recovery Law Group

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Affordable bankruptcy in Sacramento to help you rebuild your finances

When debts are so high that it’s impossible to pay them off within a reasonable timeframe, affordable bankruptcy can provide much-needed relief to individuals in financial distress. If you are dealing with multiple secured and unsecured debts, priority debts, or other debts due to natural disasters, business failure, or job loss, filing for affordable bankruptcy Sacramento in California through specialist law firms, like Recovery Law Group, can help protect your home and some exempt assets, and also save you from the creditors’ collection activities. Affordable bankruptcy provides low-cost legal assistance to individuals in financial distress, and for whom bankruptcy is the only option left to get rid of their debts and creditors’ harassments. Many individuals hesitate to file for bankruptcy due to the perceived costs of hiring an attorney. However, Recovery Law Group provides affordable bankruptcy Sacramento to deserving individuals at reduced rates, or on a sliding scale

Medical bills attorney to save you from paying bills that you do not owe   

Discrepancies in medical bills are common and can cause patients' significant financial distress. Errors can occur due to many reasons, like coding mistakes, duplicate charges, and insurance processing errors. These issues can result in unexpectedly high medical bills or denied insurance claims, leaving patients confused who are already struggling with their ailments. An incorrect billing code can lead to billing for a different procedure or service, often at a higher cost. Unbundling error occurs when services that should be billed together are split up to increase the total charge, while out-of-network charges can result in substantial surprise bills due to higher rates and lower coverage by the health insurance provider.       If you notice issues with your medical bills, or there are unexpected charges that you cannot resolve on your own, then professional help from a medical bills attorney can help you resolve the issues, and protect your financial health by ensuring t

Wondering how to keep my retirement in bankruptcy, here is how to do it 

Bankruptcy has a certain stigma attached to it, but there could be many compelling reasons to consider this. One of the key advantages of filing for bankruptcy is that it will let you achieve relief from unmanageable debt by either eliminating or restructuring the debt, thus making it easier to handle. Not everything is liquidated or sold in bankruptcy, there are certain assets that cannot be liquidated under Chapter 7 and Chapter 13 bankruptcies, such as a home and a vehicle of certain equity, tools, of trade, household goods, clothing, and retirement accounts.       If you are wondering whether I will be able to keep my retirement in bankruptcy , then the answer is yes. Most pension plans, and retirement accounts such as 401(K)(s), and 404(B)(s), are protected from creditors during bankruptcy. This is done to ensure that the debtor’s long-term is not jeopardized under bankruptcy. The provisions of the US Bankruptcy Code allow an individual to keep my retirement in bankruptcy,

Understanding the role of Chapter 13 bankruptcy trustee and their critical functions

Chapter 13 bankruptcy, also known as “Wage Earner’s Plan”, is offered to individuals who need some extra time to pay off their outstanding debt. To qualify for Chapter 13, the debtor must have a steady income from various sources, and should not have more than $2,750,000 in unsecured debts, and $2,750,000 in secured debts. The debtor is given 3 to 5 years of time to repay their outstanding debt, and must demonstrate the ability to make the scheduled payment based on their income. The proposed plan must be feasible, and for this, the bankruptcy court will appoint a trustee to work out the plan, and how to repay the creditors. The trustee has an important role to play in Chapter 13 bankruptcy. He will ensure that the proposed repayment plan complies with legal requirements, and is feasible based on the debtor’s income and expenses. The role of Chapter 13 bankruptcy trustee is quite comprehensive, he has to collect monthly payments from the debtor, and distribute them to the

All that you need to about bankruptcy and expectations in bankruptcy consultation

You may feel the need to file for bankruptcy for many reasons, like your debts have become overwhelming and unmanageable, or you experienced job loss or reduction in income, that may make it hard to keep up with your payments and other regular financial commitments. Though filing of bankruptcy could be a difficult decision, especially when it has a stigma attached to it, nevertheless, it’s a legal option that gives you a chance to put your business together and have a financial restart. However, not everyone is aware of which type of bankruptcy they qualify for, and how to proceed with it. It’s here that the expertise of specialist bankruptcy lawyers, such as Recovery Law Group, can make all the difference to your financial future. When you consult for bankruptcy, you will come to know that all individual bankruptcy cases are handled by federal courts in the USA. Most individual bankruptcies are filed either under Chapter 7, or Chapter 13 of the US Bankruptcy Code. You may be a

Your options for filing bankruptcy Austin TX, and where to find specialist bankruptcy lawyers

Bankruptcy gives an individual or a business the option to get a fresh financial restart by forgiving some debts that they cannot repay, or working out a repayment plan over an extended period of time, based on their assets available for liquidation. Although sometimes confused with insolvency, both terms are different, and have their distinct legal significance. Insolvency indicates the inability to meet debts, while bankruptcy is a legal adjudication that the debtor or the creditor has filed for this status. Filing bankruptcy Austin TX may be unavoidable in some circumstances, which will provide you wih immediate relief from creditors' harassment. Filing bankruptcy Austin TX under Chapter 7 can discharge your certain assets, so you won’t need to pay them anymore. As per the absolute priority rules, unsecured debts are discharged first, followed by secured debts. Examples of unsecured debts include child support, personal injury claims, and tax debts. Secured debts a