If you are experiencing extreme financial stress due to financial matters
and circumstances beyond your control, it may be time to consider bankruptcy
or one of the various alternatives to bankruptcy. There are numerous factors
which must be considered before filing for bankruptcy however. One of
the key questions clients ask is "How will bankruptcy affect my credit?"
In all honesty, bankruptcy is a means to an end, and it will help you
to end credit collections by discharging debt, thus allowing you to get
back on the road to financial freedom.
By the time you get to the point where you are considering bankruptcy as
a viable option it is likely your credit has already been ruined. Missed
payments, overextended credit, maxed out credit cards, too many credit
cards, defaulted loans and foreclosures all have a negative impact on
your credit. Filing for bankruptcy may be exactly what you need to discharge
or restructure your debt and get a fresh start. It is true that a bankruptcy
filing will remain on your credit report for between 7-10 years. Once
your debt has been discharged and you start making payments in a timely
fashion your credit score can be improved over time, often in far less
time than you expect.
If you or a loved one is considering filing for bankruptcy you need to
contact a professional bankruptcy lawyer from
Peter Rasla & Associates, P.L.C. as soon as possible. When you contact the firm a skilled bankruptcy attorney
will be able to answer any questions your may have, review your financial
situation, advise you of the options available to you and help you determine
whether or not bankruptcy is right for you. The attorneys at the firm
have an in-depth understanding of bankruptcy laws and have extensive experience
helping individuals successfully navigate through the entire bankruptcy process.
If you want an attorney who will aggressively advocate on your behalf to
help you regain control of your financial situation, you are advised to
contact an Irvine bankruptcy lawyer at the firm today.