El Cajon Credit Restoration Attorney
While bankruptcy may seem overwhelming, when the process is completed correctly, it can have many benefits for individuals and families who are facing significant amounts of debt. Misconceptions about the effects of bankruptcy have led many people to simply not file at all and they have missed out on the advantages of bankruptcy, including effective debt relief and a fresh start for the future.
At Financial Law Associates, APC, in La Mesa and Oceanside, we can advise you on the benefits of filing bankruptcy. If Chapter 7 or Chapter 13 bankruptcy is right for your situation, we can guide you through the process and work with you to ensure that the process is successful.
La Mesa Stop Creditor Harassment Attorney
One important benefit of bankruptcy is the beginning of the credit restoration process. While a bankruptcy will be on a credit report for 10 years, what does that really mean? It means that, if someone does an inquiry, the bankruptcy will be at the bottom of a credit report. Since a person with debt typically has late payments and other marks on his or her credit report to begin with, and a corresponding low credit score, a bankruptcy will not do much greater harm in the short term, and will provide for a much better credit score down the line.
A person can typically qualify for a home loan two years after a bankruptcy discharge. Many car dealers will finance a person after a discharge and many of these people who qualify would not have done so without filing for bankruptcy.
If you are being harassed by creditors through phone calls or letters, or you are having to make tough decisions between paying for food and clothes and paying off your debts, bankruptcy can provide a way out with an immediate effect. In the short term, an automatic stay will prevent creditors from contacting you and will also halt the foreclosure process. It is an immediate weight off of your shoulder.
If creditors continue to harass you, we can pursue litigation against them.
Schedule a Free Initial Consultation at Financial Law Associates, APC
For more information regarding the benefits of bankruptcy, contact one of our lawyers at Financial Law Associates, APC. Our firm is available seven days a week by phone and six days a week in the office. Contact us in California to schedule a free initial consultation at 619-928-5649 or toll free at 866-654-5047.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
