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Buying Home after Bankruptcy
Many Americans have obtained relief from the high interest rate payments, devastating medical bills and other overwhelming debts and the consumer credit industry wants us to belief that only deadbeats file for bankruptcy. Bankruptcy laws are there to help honest and hardworking citizens of this country to find relief from the burden of overwhelming debt.
Attorney in our firm will have a detailed conversation to help you understand the implications of filing for Bankruptcy and how it impact you ability to buy or keep your home. It is a good idea to talk to a lawyer to find out your legal rights and get suggestions about ways and means available to you. If you contact our office, we will be happy to discuss with you bankruptcy protection and the relief it can provide you.
From our offices in
We help people throughout the entire state of
Here are some common misconceptions about bankruptcy:
Myth: It is difficult to eliminate your debt under the new bankruptcy laws.
Truth: Qualifications under new laws is largely the same as under previous laws. Most people qualifying for Chapter 7 under old laws still qualify for this protection under new laws.
Myth: Senior citizens may loose their homes if they file for bankruptcy.
Truth: Even after bankruptcy, most people, including senior citizens are able to keep their home.
Myth: Bank loans or credit card are not available for 10 years after bankruptcy.
Truth: This is not necessarily true. Elimination of all debt may even make you a better candidate of fresh credit in the eyes of many lenders. You can start to rebuild your credit after bankruptcy almost immediately and qualify for credit in a short amount of time.
Myth: Bankruptcy will not help you with student loans or tax debt.
Truth: You can include all secured and unsecured debt, including student loans in a Chapter 13 debt reorganization bankruptcy,
Myth: Bankruptcy is for irresponsible people only.
Truth: Not true. The true aim of Bankruptcy laws is to allow individuals to start over. Millions of people get a fresh start they deserve after financial set backs which may have resulted because of several reasons including those beyond their control.
Click on the links below to learn more about debt relief services available under various provisions of Bankruptcy Laws:
- Stop harassing
collections
- Chapter 13 bankruptcy to reorganize debt
- Chapter 7 bankruptcy eliminate debt
- Debt settlement plans
- New bankruptcy laws
- Senior citizens and bankruptcy
- Alternatives to
bankruptcy
Learn the facts about bankruptcy. Contact us for free initial consultation. Let us help you plan a brighter financial future fee of crushing debt obligations.
ALL ABOUT BANKRUPTCY