San Diego Bankruptcy Credit Attorney
Filing for bankruptcy is a major decision. With so much misinformation about bankruptcy out there, you want to get honest answers from an experienced attorney before you decide what to do. At the Southern California, San Diego offices of the Debt Relief Legal Clinic, we will set the record straight about bankruptcy. We will answer any questions you may have about the process as we help you separate bankruptcy facts from bankruptcy myths.
Over 30 Years of Bankruptcy Experience
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There are a lot of myths about bankruptcy. This is especially true after the bankruptcy laws were substantially changed in October, 2005. Before you make any decisions regarding your financial future, you should come into our office so that we can help you get real answers. Much of the information about bankruptcy is encouraging, some of it may sound discouraging, but all the information we will provide, will enable you to make smart decisions.
For example, not all debts can be discharged, including child support and most taxes. However, credit card debt and medical bills can often be discharged. We can help you determine and separate your dischargeable debt and from non-dischargeable debt.
Some people believe that they can file for bankruptcy as many times as necessary. While we understand that people often face multiple financial challenges, such as divorce, loss of job, and medical problems, there are restrictions, and new restrictions under the new law, on how often you can file for bankruptcy. For instance, you cannot file for Chapter 7 within eight years of the filing of a prior successful Chapter 7 case. Another example, you cannot receive a discharge through Chapter 13 within two years of the filing of a successful Chapter 13 case. There are other new restrictions, as well. Also, there are restrictions if your case or cases are dismissed, instead of successfully completing by discharge. You must discuss these restrictions with a practiced bankruptcy attorney to insure you do not violate one or more of these limitations.
It is also important to understand that filing for bankruptcy will not ruin your credit score. Certainly, while the bankruptcy filing, and during the open bankruptcy, your credit score is diminished, it is far from ruined. In fact, filing for Chapter 13 bankruptcy could help you rebuild your credit by making payments to your creditors. Or alternatively, the Chapter 7 discharge of debt can result in the ‘bankruptcy bump’, where most clients experience an increase in their credit score, when the Chapter 7 or Chapter 13 bankruptcy is successfully completed.
The debt relief you are looking for is available. By getting straightforward legal advice from a lawyer dedicated and experienced in bankruptcy law, you can put bankruptcy myths to bed and get the information you need to make a smart decision about your financial future. With offices in San Diego, Bonita and Vista, we are ready to help. Call 877-663-3287 or contact us on-line today for a free initial consultation.
See also: Keeping Property in Bankruptcy