subject: Bankruptcy Advice Available When You Need It [print this page] For many Americans who find themselves burdened with too much debt, Chapter 7 Bankruptcy may promise relief. Before filing for that option, get the advice of a good lawyer. You need someone on your side to guide you through the process. You want to protect your assets while getting as much of the debt as possible discharged. We can help you reach that goal.
The biggest disadvantage in filing is that bankruptcy will adversely affect your credit score. It will take at least seven years, and up to ten years, to get the blot off your credit record. However, properly executed bankruptcy can protect your financial future by averting foreclosure and/or stopping wage garnishment. It can enable you to keep the car you use for work and day-to-day necessities. It can also keep the utility company from discontinuing services you need.
Contrary to popular belief, it is possible to secure a loan after bankruptcy if you faithfully meet your obligations as set by the court. Under Chapter 7 Bankruptcy, you will not be able to get further debts discharged until at least eight years have passed. For this and many other reasons, it is important to make sure the debts dont start accumulating again. Debtor education and credit counseling are required to help ensure that you stay out of crushing debt.
Chapter 7 Bankruptcy is also known as Liquidation. In exchange for getting the debts forgiven, certain possessions may be sold by creditors. However, this usually doesnt happen because the attorney will make sure that you declare all allowable exemptions so that you can keep the car, the home and other materials needed in order to earn a living.
The goal of Chapter 7 Bankruptcy is to allow consumers a second chance at a decent financial life. You need someone on your side to guide you through the process and protect your rights. That person is available at CreditNowUSA. Let our knowledgeable and experienced personnel make sure the job is done right and your property is protected.
Going through bankruptcy is hard enough without trying to go it alone. Get the professional help you need and deserve at CreditNowUSA. Were only a quick phone call away.
For more information, go to Bankruptcy at http://www.creditnowusa.com/Bankruptcy
