Credit card and Chapter 13 bankruptcy attorneys in California for best legal advice during financial distress

Delinquency, your inability to pay credit card bills on time can have serious repercussions for you. High interest rates and penalties are among just the beginning of problems; it is common for credit card companies to harass you if you fall behind in your payments. These harassment actions by credit card companies can ruin your peace of mind as well as those of your family members. So, if you are dealing with credit card debt challenges, it is important to consult credit card debt lawyers who have a deep understanding of federal collections regulations. They are also well-versed in tactics used by credit card companies to harass the debtors. No matter the way may appear to be invisible to you, the experienced credit card debt lawyers, such as the ones available with Recovery Law Group, can help you show the legal path to release the stress from credit card debt, and make the collections and harassing calls stop for good. 

The experienced credit card debt lawyers at Recovery Law Group can help eliminate your credit card debt by paying off, consolidation, or elimination. The top industry players want you to pay off credit card debt with high interest rates, regardless of whether or not you have achieved this goal by taking out a new debt. Recovery Law Group’s credit card debt lawyers can help you choose the appropriate action in the given timeline. With Recovery Law Group, you can expect a fresh start to your personal and business financial management.

 

Chapter 13 bankruptcy to catch up with payments  

However, if your debts have become unmanageable, and you are considering exploring bankruptcy as an option, then specialist bankruptcy lawyers can help you with this also. If you have lagged behind your payments, and need some more time to catch up with them, then Chapter 13 bankruptcy California may be the right option for you. Chapter 13 is a more reliable and flexible solution for people looking to settle their debts. Through Chapter 13 bankruptcy California, you will get 3 to 5 years’ time to repay your debt with reduced interest rates. At the end of the tenure, the debt payment is compared with debt balance. If the compared amount is less, the remaining debt is discharged.  

 

More time for repayment at reduced rate of interest  

Automatic stay is one of the most powerful aspects under the US consumer bankruptcy laws. When a Chapter 13 bankruptcy California is filed, an automatic stay immediately comes into effect. It stops lawsuits, creditor harassments, wage garnishments, and debt collectors from bothering you. It’s a desirable option if you want relief from the high levels of secured debts on payments from valuable properties that you have acquired, without losing your assets or secured debt. You will be able to catch up and discharge a portion of the debts while keeping your property and secured assets. After consultation, your Chapter 13 bankruptcy attorney will prepare schedules and petitions that contain details of your wage, income, and assets that were collected during the bankruptcy means test. These petitions will be submitted to the bankruptcy court.