Your Life After Bankruptcy

Protect Yourself With Chapter 7 or Chapter 13 Bankruptcy Debt Relief

One of the most intimidating aspects of bankruptcy, and one that keeps many people from filing for bankruptcy, is what happens after you file. Many of our prospective clients throughout Binghamton, Johnson City, Endwell, Endicott, Vestal and the surrounding area throughout Central New York worry about what filing will do to their credit score and financial future.

At Orville & McDonald Law Link to Firm Overview, an experienced bankruptcy attorney will advise you about the benefits and consequences of filing for bankruptcy in Central New York and will help you understand what your life will be like after bankruptcy. In most cases, the positive benefits far outweigh the negative consequences. Whatever the case, our firm will be honest about the effects of bankruptcy on your financial future.

Positive Outcomes of Filing for Bankruptcy

There are many positive outcomes that result from filing for bankruptcy, including:

• The phone will stop ringing and creditors will stop harassing you. Creditors who continue to call, write or send bills are violating the law and we will sue them for monetary damages.
• Wage garnishments will stop, and the income that you receive will be yours.
• Eligible debt will be discharged, allowing you to keep current on other payments, such as rent, mortgage, utility or other bills.
• Your credit score will begin to improve.

For many, the idea of an improved credit score after filing for bankruptcy seems impossible. However, in most situations, this is exactly what happens. Most people who consider filing for bankruptcy are behind on their payments or have defaulted on a loan or credit card. Some people have several creditors to whom they owe large sums of money. This all shows up on their credit report.

After you file for bankruptcy, the late payments and defaulted loans are removed from the report and are listed under your bankruptcy. While a bankruptcy will be viewed negatively by those who look at your credit report, it will not make your report substantially worse. Many of our clients have been able to get loans, mortgages and lines of credit soon after filing for bankruptcy — with a much-improved credit score from when they first decided to file.

Contact our firm today to let an experienced lawyer show you what filing for bankruptcy can do for your financial future. With over 25 years of experience, we can provide the service and help that you deserve. We offer a free initial consultation to discuss your case.

Call us at (607) 770-1007 for consumer bankruptcy protection and debt relief.