Recovery Law Group

  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, an...

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 ...

  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 de...

In an ideal world, you would not struggle to pay for your medical expenses. Unfortunately, medical malpractices are not uncommon, and you may be asked for bills that you will have a hard time to pay. Your bill may contain inappropriate Current Procedural Terminology (CPT) codes that can result in payment denials by your insurance carrier, and in overcharges by hospitals, physicians, and other providers. There is often a comprehensive CPT code to perform two services or procedures, particularly when they are commonly performed together. Medical billers may inappropriately unbundle charges for these services that would result in overbilling.         You may have no idea of the codes and numbers reflecting on your hospital bill. However, a specialist medical bills lawyer, who is familiar with codes, knows what they mean, and easily spot errors in them. That way, you won’t have to pay for anything that you shouldn’t do. They may even negotiate with billing divis...