Recovery Law Group

  Many people reach a point where they find it difficult to repay their debts, and debt settlement provides them with a good option to repay a reduced amount, and the rest is forgiven by their creditors.  If you are burdened with overwhelming debt, you can consider going for debt settlement, wherein your unsecured debts like credit card debt, personal loans, and medical bills will be settled. This can be a good debt relief option for those having a large debt, and the creditor is willing to accept up to half of what you owe to settle a debt that you won’t be able to repay under your current situation. Your experienced bank settlement attorney, such as the ones available with Recovery Law Group, will help you reduce the balance owed by as much as 50%. Once the debt is settled, your creditors must stop all collection activities, and if they do so, your Recovery Law Group’s specialist debt settlement attorney will sue them for violating the law.         Your specialist debt settlement

Not withstanding two decades of uninterrupted growth, bankruptcy filing in the USA has quintupled, with 1.5 million individuals filing for it annually. Bankruptcy law in the US has been enacted to solve three basic purposes:        To solve a collective action problem among creditors dealing with an insolvent debtor      To provide a fresh financial start to an individual debtor with unmanageable debt        The US Bankruptcy Code also deals with bankruptcies by firms in financial distress, and has provisions to save and preserve the going concern value of firms in financial distress by reorganizing their debts.    Bankruptcy law is complex, the judicial process is initiated by filing a petition in the appropriate federal bankruptcy court. The Bankruptcy Code is divided into several chapters; Chapter 7 and Chapter 13 deal with bankruptcies filed by individuals. Chapter 7 provides for liquidation of assets of the debtor while Chapter 13 contains provisions for individuals with in

  Bankruptcy certainly isn’t the first choice to get rid of your debts, but you can certainly explore this legal option in Sarasota, Florida. if you have exhausted all your other options for meeting your financial obligations and still cannot afford your debt. Affordable bankruptcy Sarasota can often reduce or eliminate your debts, save your home, and keep creditors from harassing you.  In Chapter 7 bankruptcy, your assets are essentially sold to settle debts with creditors. Certain assets, though, are excluded, including:         ·          Tools of trade    ·          Part of the equity in your home and automobile    ·          Pensions    ·          Social security     ·          Personal items    ·          Clothing, and     ·          Any other public benefits        To qualify for Chapter 7 affordable bankruptcy Sarasota, you will have to pass the Means Test, wherein your average monthly income for the past six months should be less than the median income of