Life After Bankruptcy

There Is Life After Bankruptcy

Many people are afraid of bankruptcy for reasons that are not valid. Here is one of the predominate fears I hear is from individuals: “If I file for bankruptcy, my credit will be ruined forever.” That simply is not true.

At Victor A. Denaro & Associates, I help individuals in Framingham, Marlborough and surrounding Massachusetts communities understand the facts of bankruptcy. One of those facts is that bankruptcy is often a stepping-stone to improving your credit.

I encourage you to speak directly with me, attorney Victor Denaro, to get a complete and realistic understanding of what life after bankruptcy looks like. Call me at (508) 620-5320 or contact me online.

The Truth About Restoring Your Credit

Let’s be completely honest — if you are considering filing for Chapter 7 or Chapter 13 bankruptcy, your credit right now is not so great. If you wanted to get a loan, it would probably be difficult.

Are you afraid that filing for bankruptcy will further blemish your credit and make it impossible to get future credit? Fear not.

Individuals who have filed for bankruptcy are often surprised to find credit card applications showing up in the mail just months later. To understand why this happens, you need to think about this from the creditor’s perspective. Once you have declared bankruptcy, you are not allowed to do so again for eight years. That is a virtual guarantee to the creditor that they will be paid back; there is no chance those debts will be dismissed. You are actually a better risk in their eyes than an individual who has not, but might, file for bankruptcy.

The Best Part

The best part of life after bankruptcy is that your energy no longer goes into a bottomless pit of worry and anxiety. You emerge in a better position to pay your remaining and future creditors. You can sleep again at night. You feel in control again. You can put your energy into the process of building your credit back up.

Get Solutions You Can Trust

Do not dismiss bankruptcy as an option because you think you will be forever labeled as undependable. Bankruptcy can be a very responsible way to take back control of your finances. Speak with an experienced bankruptcy lawyer to get the facts. The consultation is free. Contact me to discuss your situation. Call (508) 620-5320.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.