Bankruptcy Attorney Lawyer
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HOW MIGHT THIS AFFECT MY CREDIT?

If you are now considering bankruptcy, chances are your credit is already poor.  Credit is simply the willingness of someone to loan you money.  When a creditor or lender is reviewing your request for a loan, they want to know how you are going to pay them back, and when you are going to pay them back.  Filing bankruptcy can actually improve your credit for two simple reasons.  First, once you have filed bankruptcy, you cannot file again for another six years.  Second, the creditors that you now have that are waiting for a piece of each and every paycheck will no longer be there.  Therefore, once you file bankruptcy, you are actually a better credit risk because you cannot file again for another six years and you no longer have another group of creditors waiting to jump on your income.

In the real world, you will find that there will be some lenders that will refuse to give you credit after you file the bankruptcy.  However, there are many other lenders that are more than happy to extend you credit after you have filed.  I have not had one person in about twenty three years of filing bankruptcies ever tell me that it turned out to be a mistake for them.  However, I have had many satisfied clients who called me later and thanked me again.  They told me it was the best thing that they had done for themselves and their family.  Many of them wish that they had done it sooner.