subject: Filing Chapter 7 Bankruptcy Fresno - Unexpected Opportunity [print this page] If you are a resident of Fresno, then you know that you are living in one of the most booming and quickly developing cities in the state of California. This city has already become the fifth largest city in the state and ranks among the top 35 largest cities in the country. The reason that Fresno is growing so quickly is because this is a great city to begin and start a life. There are many big name employment opportunities, offered by employers such as Kaiser Permanente and Community Medical Centers. They are also many big institutions of higher education, which offer education and employment opportunities. There are, for example, campuses of California State University and National University. Even in the exciting, booming city of Fresno, however, there is economic hardship, and you may find yourself in need of filing Chapter 7 bankruptcy Fresno.
If you are unfamiliar with the process of filing Chapter 7 bankruptcy Fresno, then you may really only know the negative connotations. For some reason, people love to spread bad rumors about bankruptcy. They say that this move will damage your credit forever, that you will lose all of your major assets, and that you will never be able to own a house or automobile again. Fortunately, none of this is true. Believe it or not, bankruptcy law is actually put into place to help struggling consumers, not to make them pay for their mistakes. Remember that when you can get your financial life back on track, you can actually be a part of a healthy and growing economy.
The first thing you should know about filing Chapter 7 bankruptcy Fresno is that this will bring your credit back to zero. In other words, this action will clean the slate. Also, you will be able, in most cases, to continue making payments on your automobile. Most importantly, you will be able to put an end to rising interest rates, increasing fees, annoying phone calls, and threatening letters from collection agencies. You will also be able to apply for new credit cards, and even buy a house and new car within several years. Bankruptcy is not an end, it's a beginning.
If you are ready for filing Chapter 7 bankruptcy Fresno, then you are going to want to make sure that you have an attorney who knows the ropes. Don't try to do this alone, since one mistake in the complicated paperwork can lead to a delay or even a denial. You need to make sure that you have trustworthy legal help to get you back on the right financial path.
