Life After Bankruptcy

Life after bankruptcy

We have all heard scare tactics about bankruptcy: Your credit will be ruined. You can never own a home again. You won't be able to rent. You'll never qualify for a credit card.

Fortunately, none of those scare tactics are true. Bankruptcy is designed to be a fresh start — a means toward achieving lasting financial health. Filing bankruptcy is not a death sentence for your credit.

Your Credit Won't Be Ruined

Many people mistakenly believe that bankruptcy will prevent them from having credit for 10 years. In fact, after filing bankruptcy, you can take steps toward rebuilding your credit right away.

Of course, you'll want to take things slow and be cautious about taking on new debts. But you certainly won't be barred from ever having a credit card.

You Can Still Rent Or Own A Home

Many people also mistakenly think that bankruptcy will prevent them from renting or owning a home. Nothing could be farther from the truth. If bankruptcy left people with no shelter, why would millions of people file every year?

The truth is, you can start renting as soon as six months after filing bankruptcy. And you can qualify for FHA mortgages as soon as one year after filing Chapter 13 bankruptcy, or two years after your case closes in Chapter 7.

It is actually easier and quicker to qualify for a mortgage after clearing your debts through bankruptcy than it would be to attempt a messy credit cleanup.

Nothing To Lose, Everything To Gain

The bottom line is that if you're already considering bankruptcy, your credit score has likely already hit bottom. You have nothing to lose, and everything to gain, by clearing away your debts and starting with a clean slate.

Bankruptcy is geared toward helping everyday, hardworking people just like you. Instead of being trapped in an endless cycle of debt, you can focus on managing your affairs going forward.

Contact Us To Learn More About Life After Bankruptcy In Florida

To learn more about how to rebuild your credit after bankruptcy, contact the Fort Lauderdale credit repair lawyers at the Bankruptcy Law Firm of Clare Casas. Call us at 954-327-5700. You can also contact our attorneys through the online form.

Initial consultations are free. For your convenience, we are open evenings and Saturdays.

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

 
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