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Atlanta
bankruptcy lawyers can help you get back on your feet
and hurl you towards a positive credit future.
Bankruptcy has gotten a bad reputation over the
years, but sometimes, it is a way to save your credit
from further damage and to restart your financial
future.
Atlanta
bankruptcy lawyers can help you file Chapter 13 or
Chapter 7 bankruptcy.
What are the positive results of doing so?
Many people think of credit as either perfect or
poor, with nothing in between.
By the time you reach a point where you might
want to consider bankruptcy, one of two things is true:
either your credit has already been beaten up by
bill collectors, or you are on the verge of having your
credit ruined. Therefore,
contacting an Atlanta bankruptcy lawyer can do no more
harm than good.
Although
bankruptcy can be held on your credit report for 7 to 10
years, like all other “negative” items on your
credit report, it will also note the date of filing and
date of discharge so that anyone inquiring into your
credit will disregard all entries prior to that date.
Also, both Chapters 13 and 7 bankruptcy will
immediately halt all collection activity, including law
suits that have been filed.
Chapter 13 will allow you to restructure your car
loan at a much lower interest rate and stop any
repossession in process.
If you move quickly, you can even use the
assistance of an Atlanta bankruptcy lawyer to stop
foreclosure on your house (as long as the foreclosure
sale has not been completed – this terminates all your
rights to the property).
Once
an Atlanta bankruptcy lawyer has assisted you in filing
your bankruptcy, you should carefully rebuild your
credit. You
will find a mail box full of credit card offers.
Don’t immediately activate these cards, and
don’t use them. Spend
some time with a credit counselor to set up a budget and
a way to use one or two cards, kept at low levels, to
rebuild your credit history.
All of this is simple to do if you start by
contacting an Atlanta bankruptcy lawyer.
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