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Bankruptcy And Credit Scores

Have you delayed filing for bankruptcy because you are afraid that it will damage your credit rating? You are not alone. Many individuals struggle with debt problems for months or years because they fear that their credit rating will be forever ruined. They wonder if they will ever be able to get another car loan or home loan.

I am attorney Steven F. Bilsky, and I have been practicing in bankruptcy law for more than 30 years. I have helped thousands of my clients obtain debt relief by filing for bankruptcy. I understand that you may have many concerns about bankruptcy. The best way to explore your options is to consult with an experienced bankruptcy lawyer.

I offer a free consultation to answer your questions and help you determine if bankruptcy is right for you. To schedule your consultation, contact my law office in Memphis, Tennessee.

Bankruptcy And Credit Scores | Rebuilding Credit After Bankruptcy

By the time that most people start to contemplate filing for bankruptcy, they have already struggled to pay their monthly bills for quite some time. If you have been making late payments for quite some time, your credit rating has most likely been considerably damaged already. Moreover, if you are currently unable to pay your debts, you may just be delaying the process of restoring your credit rating.

It is true that bankruptcy will damage your credit rating in the short run. However, many people are able to restore their credit more quickly than they originally anticipated. Many people are able to obtain home loans, car loans and other loans after filing for bankruptcy. The amount of time it takes to restore your credit rating depends on a number of factors, including the timely payment of bills after filing for bankruptcy, your job status, your income, your total debt load and other factors.

Protect Your Future

When meeting with individuals at their free initial consultation, I always encourage them to envision their future. If they are unable to pay their bills currently due to a job loss or unmanageable debt, the key question is if they have reason to believe that their current circumstances will change for the better in the near future.

It is also critical to determine if an individual is faced with the prospect of wage garnishments, home foreclosure, auto repossession, bank levies and other adverse creditor collection efforts. Depending on the nature of your debt problems, choosing not to file for bankruptcy could be financially devastating.

Protect your rights and your future by consulting with me as soon as possible. I can answer your questions, help you understand your options and help you make an informed decision about bankruptcy. If retained as your attorney, I will work hard to seek the debt relief you need.

Contact A Memphis Bankruptcy Lawyer

You do not have to face your debt problems alone. I am here to help. I serve clients throughout the Memphis metropolitan area. To schedule a free consultation with a Memphis bankruptcy attorney, contact my law office at 901-236-0572 or 888-336-3691. You may also contact my office by email.

The Law Office of Steven F. Bilsky is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.