Kostopoulos Bankruptcy Law

Tag: Chapter 7 bankruptcy

What Assets Are Protected in Bankruptcy in California?

Posted on by Kostopoulos Bankruptcy Law

If you’re considering bankruptcy, you may be wondering: What assets are protected in bankruptcy in California?

In California, key bankruptcy exemptions include up to $600,000 in home equity, $3,325 in vehicle equity, protected retirement accounts, personal belongings, and public benefits such as Social Security. Exemptions help filers keep essential property while resolving debt through Chapter 7 or Chapter 13 bankruptcy.

Continue reading “What Assets Are Protected in Bankruptcy in California?”

Can Bankruptcy Help Eliminate Medical Bills in California?

Posted on by Kostopoulos Bankruptcy Law

Yes, both Chapter 7 and Chapter 13 bankruptcy in California can potentially eliminate medical bills, providing relief from overwhelming medical debt.

Continue reading “Can Bankruptcy Help Eliminate Medical Bills in California?”

Start Your Financial Reset
Embrace A Debt-free Future

FAQs About Medical Debt Relief

Does filing medical bankruptcies hurt your credit?
Medical bankruptcies, which group your medical bills with all other debts, can have a detrimental effect on your credit. This decision results in a mark that remains on your credit reports for an extended period of time.

Before proceeding with such a course of action, it’s crucial to thoroughly explore every alternative available to you.
How do I resolve medical bills in collections?
Contact the collection agency to work out payment arrangements, understand the statute of limitations, check your credit reports, and dispute inaccurate information to resolve medical bills in collections.

You have rights in this process.
How long until a medical bill goes to collections?
State regulations mandate that hospitals must hold off for 180 days before they can report debts or initiate collection proceedings. This time period is provided before a medical bill may be forwarded to collections.

To prevent the medical bill from being transferred to a debt collector, it’s crucial to arrange a payment plan during this six-month window.
Do medical collections affect my credit score?
Paid medical collections will not show up on credit reports, yet unpaid ones could potentially reduce your credit score.
Should I worry about medical bills in collections?
Yes, concern about medical bills in collections is warranted. Unpaid medical debt can significantly impact your financial stability, credit score, and ability to secure future loans.

It’s important to understand the system and seek financial help to avoid potential financial ruin.

Top San Francisco Bankruptcy Lawyers for Financial Relief

Posted on by Kostopoulos Bankruptcy Law

Searching for San Francisco, California bankruptcy lawyers implies you need clear advice and reliable representation to manage overwhelming debt. Our guide dives into selecting a skilled attorney adept at handling Chapter 7 or Chapter 13 bankruptcy and securing your path to financial recovery. Avoiding fluff, we pinpoint crucial factors to look for in San Francisco bankruptcy lawyers and outline their role in your financial reset.

Continue reading “Top San Francisco Bankruptcy Lawyers for Financial Relief”

Do you have a matter with which our lawyers can help you?

Call 877-969-7482 Now For a Free Consultation.
Or, Fill Out The Form Below to Request a Callback.