Bankruptcy is Not the End: It is the Beginning.
Many people struggle with debt problems for years because they think of personal bankruptcy as a financial dead end. They think that they will never get another home or a car loan or another credit card. They have heard all of the horror stories, many of them perpetrated by creditors that have a financial interest in spreading disinformation.
At the law office of Boruta, we see things differently. I have handled thousands of bankruptcy cases and I have seen first hand how bankruptcy can transform the lives of people struggling with debt. I encourage people in financial distress to see bankruptcy not as a financial dead end, but as a new path to a brighter financial future and rebuilding credit.
What About My Credit Rating?
The personal credit score of most people who are considering bankruptcy is already damaged. Bankruptcy can be the first step toward rebuilding your credit score. Continuing to fall farther and farther behind and paying your bills late month after month is not the answer.
Your credit rating is based largely on your income to debt ratio. By filing for Chapter 7 bankruptcy, you may be able to discharge most of your debts and significantly improve your income to debt ratio. Also, it may even be possible to repair your credit by disputing inaccurate material on your credit report.
You may further improve your credit rating after bankruptcy by making sound financial decisions. Believe it or not, many credit card companies actively seek out people who have recently filed for bankruptcy because they know they have a low debt load and may be precluded from filing bankruptcy again for several years. Through the use of limited credit card activity that you can afford and pay in a timely fashion, you can rebuild credit faster than you might think. Contact an Indiana personal bankruptcy attorney at my firm to learn more.
Get Sound Advice You Can Trust
My firm has earned a reputation for ethical practice and trustworthiness. I have told many prospective clients that bankruptcy is not the right solution for them. I believe that we have an obligation to put client's interests first and I also know from our many years of practice that providing sound legal advice is the best way to build a thriving legal practice. I have helped many good people like you find solutions to difficult financial challenges, and I look forward to the opportunity of meeting with you to see how I can help you.