Life After Bankruptcy


Have you ever wondered what your life would be like if you were debt free? What if you got a fresh financial start? You may have also wondered what your life would be like if you filed bankruptcy. When you are overwhelmed by debt, as so many Americans are, it is important to know your rights under the bankruptcy code. It is also critical to understand exactly how bankruptcy will affect your life, including your credit options.

We work to help our clients get the fresh start they need. Call us today at 860-265-4764 or contact us by e-mail to arrange a free consultation with Attorney Susan M. Williams.

Myths surrounding life after bankruptcy

There are several myths surrounding bankruptcy law. These myths are perpetuated by creditors who do not want you to know your rights or the law. If you are considering Chapter 7 or Chapter 13 bankruptcy, have you ever hesitated because of the following myths?

Myth 1: You will never have credit again

Many people believe that they will never have credit again after filing bankruptcy. This is simply not true. In fact, most people will have improved credit after their debts are paid off. While a bankruptcy will remain on your credit report for 10 years, there is typically a two year rehabilitation period for mainstream creditors. Because you are prohibited for filing for eight years, creditors will consider you a desirable candidate after the rehabilitation period.

Myth 2: People who file bankruptcy are seeking the "easy way out"

Most people who are reluctant to file bankruptcy are concerned that they will be considered irresponsible or taking the "easy way out" of their debt. The truth is that most people who file have faced an unforeseeable event such as a divorce, job loss or injury. In the current economic climate, any financial distress could leave an otherwise hardworking family struggling to survive. If you are considering filing, remember the millions of Americans every year who were in your exact situation before seeking help.

Myth 3: Other people will find out about your bankruptcy

Even if you are concerned about what others may think about your decision, it is important to remember that consumer bankruptcy is not published information in the newspaper. Your financial recovery is your own business.

Consider your life after you are debt free

If you haven't already stopped to consider what your life would be like after bankruptcy, think about this:

With over 20 years of experience, we know that our clients feel relief, just knowing they have options. We take pride in helping our clients achieve the debt relief they deserve. If you want to experience life after bankruptcy, lawyer Susan M. Williams can help you with your legal needs. Call Attorney Williams in Enfield, Connecticut at 860-265-4764 or contact us by e-mail, to schedule a free consultation.

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

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