affordable bankruptcy Sacramento

Is There a Difference Between Bankruptcy & Debt Settlement?

A stroke of misfortune or sheer bad luck with monetary investments may result in severe financial problems for people. If you too are struggling through insoluble debts, you are faced with 2 choices as per Sacramento based law firm Recovery Law Group - filing for bankruptcy or opting for debt settlement. However, to become financially stable again, you need to choose between the 2 options available to you. Though many people are aware of bankruptcy, not much is known about debt settlement. It is important for debtors to understand the difference between the two, for them to choose [...]


How to Decide the Bankruptcy Filing Chapter?

Bankruptcy is a common occurrence with many people in America turning to it to save themselves from overwhelming debts. Despite unique financial situations, many individuals, couples or even businesses are looking for options to file for bankruptcy. However, since situations are different for each of them, they need to choose the best-suited Chapter of the U.S. Bankruptcy Code under which they can file for bankruptcy. […]


Are Bankruptcy Records Open for All?

Going through a really bad financial crisis can be really traumatic for people. However, bankruptcy laws are designed to help individuals and companies out of the financial mess, so that they can begin their new lives with a financially clean slate. Automatic stays and discharge of debts are a great help to individual consumers who have filed for bankruptcy under chapter 7 or chapter 13. However, despite various benefits like foreclosure defense, debt relief, and financial stability, there are many concerns amongst people regarding their future. Bankruptcy lawyers of Recovery Law Group , a Sacramento based law firm [...]


Bankruptcy Basis – How To Get Discharge in Bankruptcy?

Bankruptcy discharge varies on the type of bankruptcy chapter the case is filed under by the debtor. Bankruptcy discharge relinquishes a debtor from any personal liability for some specified types of debts i.e. a debtor is no longer legally bound to pay any debts that are discharged by the court. Since the discharge is permanent, creditors are prohibited from taking any action (legal action or communication with the debtor, letter, phone call, personal contact, etc.) for the collection of discharged debts. Though the debtor is not to be held personally liable for any discharged debts, a valid lien [...]


Bankruptcy Basics for Federal Bankruptcy Laws

Federal bankruptcy laws and the bankruptcy process in entirety is one of the ways to offer a new lease of life to people who have been struggling to make ends meet and clear their dues. This kind of a situation can come in anyone’s life due to some miscalculated risks and financial decisions. However, it is not the end of the world as bankruptcy laws offer a chance for people to redeem themselves. Basics of bankruptcy include: […]


Chapter 7 Bankruptcy: Can You Keep Your Car under Motor Vehicle Exemption?

Unlike popular belief, you do not lose all your possessions when you file for bankruptcy under chapter 7. Thanks to exemption laws, you can protect property including an unassuming vehicle (car, truck, motorcycle or van). Thanks to your state’s motor vehicle exemption you can protect a certain amount of equity in a car. If you completely own your vehicle (i.e. have cleared all vehicle payment dues or are up-to-date on them) you can take measures to avoid the lenders repossessing your car. In case you lag on your car payments you will have to come up with a [...]