Florida Consumer Bankruptcy Lawyer
Preparing Clients for Life After Bankruptcy
Some people hesitate before filing for bankruptcy because they are afraid that they will never be able to get credit again. But it is more helpful to look at bankruptcy as an opportunity: a fresh start that enables you to get started rebuilding your credit from the ground up.
I am Don Anderson, a Clearwater bankruptcy attorney with more than 35 years of legal experience. I am dedicated to providing personalized advice to each of my clients. If you are concerned about life after bankruptcy, contact my office today to schedule a free consultation.
How Quickly Can You Rebuild Your Credit?
If you have fallen behind on your debts, your credit rating has probably already sharply declined. If it turns out that bankruptcy is your best alternative, the sooner you file, the sooner you can begin rebuilding your credit so you can afford big purchases like a home or car.
In recent years, many credit card companies have started making credit offers to people almost immediately after their old debts have been discharged in bankruptcy.
If you meet all of the other criteria, you can get a Federal Housing Administration (FHA) mortgage as soon as two years after bankruptcy. A variety of other credit options may be available, especially if you start demonstrating that you can make your payments on time.
Ultimately, getting rid of debts you cannot afford to pay is a positive step toward rebuilding credit that has been damaged by late payments and defaults. To learn more about life after bankruptcy, don't hesitate to contact me today.
