Glendale Bankruptcy Attorney

Life After Bankruptcy: The Benefits

While no individual wants to go through life with a bankruptcy on his or her credit report, sometimes declaring bankruptcy is not only an individual's only option but the best option as well. Declaring bankruptcy will in a wide number of cases lower your credit score and affect your ability to get loans or credit in the future, but often for a much shorter time than expected. The truth of the matter is that life after bankruptcy can be pleasant, you are free from credit problems, and can now pay your bills and even save. In most cases, your financial situation has already lowered your credit score to such an extent that declaring bankruptcy may actually improve your score over time. If you would like to learn more about life after bankruptcy, speak to a Glendale bankruptcy attorney today.

Depending what form of bankruptcy you declare, the bankruptcy will stay on your credit report for up to 10 years. Many people falsely believe that having a bankruptcy on your credit report means that you will not be able to attain a credit card or other forms of credit. In some cases, for better or for worse, credit card companies offer new credit cards as early as two weeks after an individual files for bankruptcy. When filing for bankruptcy, it's very important to weigh the positive aspects against the negative. Freeing yourself from the overwhelming burden of debt can far outweigh the stigma and negative consequences of bankruptcy.

Bankruptcy Lawyer Serving Montrose and La Crescenta Areas

If you are deciding whether or not to file for bankruptcy, it is very important to know how the bankruptcy will affect you in the future. A knowledgeable bankruptcy attorney will be able give you a clear idea about what your life will b like after filing for bankruptcy. At the Law Offices of Khachik Akhkashian, our attorneys have a solid grasp on the circumstances and repercussions of declaring bankruptcy. In many cases, the positive aspects of bankruptcy will not only eliminate unwanted and troublesome debt, but also improve your quality of life by freeing up your income to start building a better future.

Contact a Glendale bankruptcy attorney if you would like to learn more about life after bankruptcy.