What Does Life Look Like After Bankruptcy?
What You Can Expect After Your Debt Is Discharged
If you are ready for a financial clean slate, bankruptcy could be a way
to obtain it. Once you have filed for bankruptcy, however, you may wonder
what your next course of action should be. At Kostopoulos Law Group —
The Bankruptcy Law Firm we have helped thousands of clients throughout
California's Bay Area achieve financial freedom and stability after filing
for bankruptcy. We are prepared to do the same for you. Bankruptcy doesn't
have to be the end — in fact, it can be a whole new beginning.
In today's difficult economy, it is no wonder that the stigma that once
surrounded bankruptcy has long since disappeared. Today, more than 1 million
file for bankruptcy every year. This federal form of debt relief can provide the fresh start
and financial reorganization that you need. Why hesitate? You don't have
to be the victim of
harassing creditor calls,
foreclosure notices, and constant stress and anxiety — you have options!
Consult an Oakland bankruptcy attorney from Kostopoulos Law Group — The
Bankruptcy Law Firm today.
What Will Happen to My Credit After Bankruptcy?
The idea that people who have filed for bankruptcy are doomed to suffer
from bad credit for years is simply false. A bankruptcy can stay on your
credit report for up to 10 years from the date that you file, but if you
take the right steps to rebuild credit, you can see your score start to
go up gradually much sooner than that.
We can show you how to achieve excellent
credit after bankruptcy relatively quickly! At our Bay Area law firm, our goal is to help our
clients not only achieve debt relief but also find renewed financial health
after their bankruptcies. By following the advice of our experienced bankruptcy
attorney in Oakland , you can begin rebuilding your credit within just
months of filing.
Do I Qualify for Credit Cards?
Immediately after filing for bankruptcy, you may qualify for a secured
credit card that requires a refundable deposit as a part of your credit
line. Start with a modest credit limit. This can be a great first step
to rebuilding your credit score. As time goes by, you may start receiving
offers for traditional credit cards that you can utilize to help expanding
Can I Get a Mortgage After a Bankruptcy?
It is possible to get a mortgage after a bankruptcy, and the odds improve
if you wait a few years after your bankruptcy is done. However, those
with a bankruptcy on their credit report may encounter loans with higher
interest rates or require a larger down payment to reduce the risk to
lenders. As long as you are able to manage your monthly mortgage payments
and practice healthy financial habits, you should have no issue securing
Will I Be Able to Rent an Apartment?
In some cases, renting an apartment can be difficult especially if you
are applying for professionally-managed apartment complexes rather than
individual landlords. Large complexes run by big management companies
may require extra security deposit fees or several months of upfront rent.
If you are having difficulty finding an apartment to rent, it may be easier
to look for individual owners or smaller apartment complexes where they
can be more flexible to your situation.
Contact the Top Bankruptcy Lawyer in Oakland
Don't let your debt collectors have the last word. You may be able to put
a stop to all the frustration and achieve full economic independence again.
Call Kostopoulos Law Group — The Bankruptcy Law Firm today to learn
more about bankruptcy. What do you have to lose? We offer free case evaluations
so there's nothing to be concerned about. Unlike at other firms, you won't
be forced to meet with an inexperienced legal assistant — you will
have the chance to speak directly to an experienced and knowledgeable
Oakland bankruptcy attorney about your situation and the options available
to you before committing to any financial obligation.
Call us today at (877) 969-7482.