REPRESENTING MIDDLE GEORGIANS FOR MORE THAN 25 YEARS
How Will Bankruptcy Affect My Credit?Many people make the mistake of fearfully avoiding bankruptcy, concerned about the impact that it will have upon their credit score and chance at future financial success. In far too many cases, this delay causes the individual to sink farther into debt, wasting resources that could have been protected in bankruptcy.
At The Law Firm of Stacey Nestor, PC, of Macon, Georgia, we provide you the information and resources you need to make the best decision possible for you and your family. Your attorney will help you take a careful look at your situation to assess whether bankruptcy is the fresh start that you need to escape debt and rehabilitate your credit.
How Will Bankruptcy Affect My Credit?
A bankruptcy will remain on your credit report and financial history for 10 years. Many people overlook the fact that poor credit, repossessions, garnishments, liens and other creditor actions linger on the credit report for seven years or more. While that activity is taking place, the individual is still sinking lower into financial distress.
Bankruptcy allows you to reset your financial status. Either discharging the debt through Chapter 7 or reorganizing it in Chapter 13, you enjoy a more manageable situation where you can create a solid financial foundation on which to build throughout the future.
In many cases, creditors are willing to lend to individuals following a bankruptcy, knowing that the person will not be able to file again for an allotted amount of time.
Macon Bankruptcy Lawyer
To arrange a free initial consultation to discuss your situation and the options available, please contact our law firm today at 478-755-0012.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.