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Reno Bankruptcy Services And Medical Bill Attorneys To Help You With Your Financial Restart
by Recovery Law Group Recovery Law GroupLiving with an overwhelming debt is stressful, and it can make you feel hopeless and hapless. Without filing for bankruptcy, debtors continue to receive harassment calls from creditors, receive post-due notices in the mail, have their wages garnished, and are at the risk of losing everything, including their home and car. However, by taking recourse to Reno bankruptcy services, you can reclaim your financial independence as your bankruptcy attorney will sympathetically deal with all your issues and problems, and suggest you with the right bankruptcy either under Chapter 7 or Chapter 13.
Most people in Reno, Nevada as it allows them to dispose of their unsecured debts, such as credit card balances and medical bills. When you are suggested to file for bankruptcy under Chapter 7 by the attorneys of a reputed law firm, such as Recovery Law Group, you will have to liquidate your property in order to repay some or all of your unsecured debts if you have nonexempt assets, such as a family heirloom, stocks and bonds, and a second home. You will essentially sell off all your assets to clear the debt. People with no valuable assets and only exempt property, such as household goods, and tools for the trade, and a personal vehicle worth a certain value, may end up repaying no part of their unsecured debt under Chapter 7 bankruptcy.
Chapter 13 bankruptcy in Reno
You may be suggested to file for bankruptcy under Chapter 13 by Reno bankruptcy services if you are making sufficient money that disqualifies you from Chapter 7 bankruptcy. Also known as a wager earner’s plan, Chapter 13 bankruptcy allows individuals and businesses with a consistent income to create a workable debt repayment plan. You will be allowed to repay your debts in installments through a court-approved plan over a period of three to five years. In exchange for repayments, you will be allowed to keep your property, including otherwise nonexempt property.
Medical bills attorneys to help eliminate stress
Medical bills are never planned and can become a major expense and a part of your monthly budget and savings. As such, recovering the gap in your finances due to unexpected medical bills can be overwhelming and challenging. Medical bills can leave you desperate and fighting financially for what you have worked to save your entire life. Transferring the debt from the hospital or lender to your credit card is not reducing the debt or helping your situation in most cases. Typically, you will increase the interest rates, and create a more difficult situation for yourself and your family. This is because interest on medical bills is usually lower than on credit card, and it increases when you process a transfer. The cycle will never stop until you aim to stop it.
Medical bill attorneys at Recovery Law Group can provide you with better and more powerful solutions to recover from the situation. They can help you see the hidden opportunities and find legal options to make better decisions regarding your finances. Recovery Law Group’s experienced medical bills attorneys work with you with a goal to eliminate your medical bills, and all debt or harassment stemming from unexpected medical costs more effectively, and never let the financial crisis affect your budget and finances.
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Recovery Law Group
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Created on Jul 10th 2023 04:01. Viewed 122 times.
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