Riverside County Lawyer: Effects of Filing Bankruptcy
Attorney Helping You Understand the Effects of Filing Bankruptcy
The Law Offices of David R. Gunnin have been providing comprehensive debt relief counseling to clients throughout the Inland Empire for nearly 30 years. We know the effects of filing bankruptcy can be both positive and negative. We are dedicated to helping you understand how filing bankruptcy will affect you.
We know how difficult this time must be for you. We want to help calm your nerves and alleviate your concerns. Please call us at 800-300-4648 today or e-mail us to learn about your debt relief options. We have convenient office locations in Chino, Tustin and Riverside, California.
The Positive Effects of Filing Bankruptcy
The most immediate effect of filing bankruptcy is that it will stop creditor harassment. You will no longer have creditors calling you, sending you threatening letters, or bothering your neighbors and loved ones. Filing bankruptcy will also halt any judgments against you and will avoid repossession and wage garnishments, as well as state or federal tax levies. Another benefit is that this will give you more time if your home is in foreclosure.
The Negative Effects of Filing Bankruptcy
Filing bankruptcy will immediately put a negative mark against your credit. It will be difficult for you to get credit cards or home, school, personal or business loans. Seeking relief now also means that you will be unable to seek financial relief again for several years.
This does not mean that there is no hope of rebuilding your credit, however. Most often, creditors are willing to provide you with lines of credit at first with higher interest rates. Once your credit is in better condition, those interest rates will go down. While you may have to work to make life after bankruptcy beneficial for you, it possible for you to start anew.
Discuss With Attorney David Gunnin If Bankruptcy Is Right for You
Bankruptcy is not the right option for every situation. David Gunnin is ready to speak with you about your concerns and provide you with potential alternatives to bankruptcy. We are ready to help guide you down the right path toward financial freedom. Call us today at 800-300-4648 or e-mail us to schedule your free initial consultation.