Credit Restoration Assistance — Atlanta Legal Assistance

Many people have reservations about filing for personal bankruptcy and this hesitancy has much to do with the aftermath of filing. What happens after I have filed? Will I ever be able to obtain credit? Will I tank my credit rating? Can I still buy a home?

The firm of George R. Belche, Attorney at Law knows bankruptcy law and knows how to help clients rebuild their lives after bankruptcy. Contact us today to schedule a free initial consultation.

Bankruptcy and Your Credit

Contrary to popular belief, bankruptcy actually improves your credit. It wipes out your liabilities, improves your debt to income ratio and you immediately begin to establish a solid payment history if you continue making house and car payments on time. If you have a stable income, you will soon get credit card offers. Within 2 years most people can qualify for an FHA home loan.

You may be worried about the mark bankruptcy will leave on your record. While it is true that under the new laws a bankruptcy stays on your credit report for 7 years, for most people there is no long term impact. You will be able to obtain credit again.

Bankruptcy and Your Privacy

If you are worried about everyone finding out about your bankruptcy, you needn’t worry. Unlike foreclosures, bankruptcies are not published in the local paper. No one will ever know unless you tell them about it or they find out about it from someone else you may have told. It is entirely up to you who will or will not know.

A Moral Dilemma

We understand the dilemma you face. You owe money and you want to pay it back. You would feel guilty having your debts discharged. Our advice to clients is to always do what you can. If you can repay the debt, you may be able to work out an alternative payment plan with creditors, or you may be able to pay a portion of it back through Chapter 13 filing. If you are unable to pay off your debt, it may be best to file for bankruptcy.

The Benefits of Bankruptcy

Bankruptcy may provide benefits, such as:

• Immediate relief from harassing creditors
• Immediate relief from the constant worry and hopelessness
• Valuable advice from mandated credit counseling and debt management courses
• A clean slate from which you can establish a budget and make sure that you are able to pay future debts

Get out from under the weight of financial pressure and start reestablishing credit. At the firm of George R. Belche, Attorney at Law, we have been helping clients file for bankruptcy for 15 years. We look forward to helping you through the bankruptcy process from beginning to end. Contact us today for a free initial consultation.

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