Bankruptcy Consequences

I cannot tell you the consequences of YOU filing bankruptcy because I cannot give legal advice.

I can however tell you what I have seen and understand.

I have seen the difficulties associated with the consequences resulting from a bankruptcy filing. It is amazing to watch the changes over the last 15 years I have watched.

In today's world, there are companies who WANT to work with our bankruptcy clients! They have special credit card offers, bankruptcy specialists at auto sales and for mortgage loans.

I have been personally told that companies have specifically told me that they know filings cannot file easily again for many years. Most filers want to rebuild credit as soon as possible.

You can research (preferably in advance) what will happen if you file for bankruptcy and you want to lease an apartment, buy a car, or purchase a home. You can speak to the apartment managers, talk to a special finance manager, or consult with a real estate mortgage expert. Find out how many vehicle loans or mortgage loans they have closed that involved bankruptcy filers.

Credit is very important. Most have experienced the trouble of having negative credit.

Starting over with your fresh start will take effort and work. It will also be worth it. I have not heard a single regret from filing since 1992. I hear relief. The worse I hear is some regret messing up again after they file... too many credit cards and don't pay on time again...repeating learned and practiced bad behaviors. I have filed a second bankruptcy for many of my clients in the last five years. Most explained to me it is because they rebuilt their credit too good and overextended again. In the past three years, I have prepared most cases that are economy damage. I enjoy my career because my clients are so happy once the discharge comes in and the freedom of the chaos is over.

Get legal advice, get a book on finances, or some way to assist yourself in getting on track. One of the best classes I have seen is provided by first time buyer programs.Credit Counseling

Remember to get your credit report free every year to review your progress Annual Credit Report. Share these consequences on Facebook...

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