When you must contemplate the possibility of filing for bankruptcy, we highly recommend contacting an experienced bankruptcy attorney / lawyer to discuss your legal rights and how they may apply to your ability to successfully navigate bankruptcy proceedings relating to a:

Compared to just 10 years ago, the negative stigma of a personal bankruptcy does not carry the same sting as it used to. Today, a bankruptcy is often seen as a way to get a fresh start by actually repairing your credit over a period of time.

As the fluxuation of the economy affects businesses, individuals, and families differently, the realization that part of the responsibility for our economic state is due to the roll which lenders and credit organizations have played, it is expected that a bankruptcy may not affect your financial future as much as it does even today.

In most cases, those filing for bankruptcy are able to retain their home, primary automobile, and other essential material possessions. Often times, this may hinge on the experience of your bankruptcy attorney.

There may be many factors that your bankruptcy lawyer (attorney) must address in order to provide the highest standard of legal representation in your bankruptcy claim, including, but not limited to:
  • All credit card companies, that will be affected in your bankruptcy claim;
  • The amount owed to credit card companies;
  • Any tax records that may affect your bankruptcy claim;
  • The income of the household and personal income;
  • Banking history;
  • Property or other assets you currently own or are making payments on;
  • And all other debts you may have that will be affected by a bankruptcy claim.

While a Bankruptcy will appear on your credit report for 5 to 7 years, this does not mean you will be unable to get credit after filing for bankruptcy.

Most lenders will extend credit within two or three years after filing a bankruptcy case. Generally, the effect of bankruptcy on your credit is not a bankruptcy issue; it is a banking or credit issue.