Obryan Law Offices is where to go to find a competent Louisville bankruptcy attorney who can help you sort out all of the complexities involved with filing a bankruptcy, answer your questions, and help you put together a debt relief plan that works best for your situation. We know when to file bankruptcy, and we know when to seek alternatives. We'll never take your money if we think bankruptcy is not right for you. Our office has helped thousands of Kentuckians file Chapter 7 and Chapter 13 bankruptcies, and we've consulted with tens of thousands of people regarding bankruptcy to date.
Take Bankruptcy Seriously!
Bankruptcy is not something to be done whimsically. Filing bankruptcy is a serious matter and should only be done when there are no other viable options to resolve your debts. Bankruptcy should never be done merely to avoid paying back what you owe. Bankruptcy comes with both short-term and long-term ramifications, and judges want to know that people who file bankruptcy are doing so in good faith.
Fortunately, if done correctly, and if the person filing bankruptcy has behaved ethically leading up to and throughout the bankruptcy process, the negative impact that a bankruptcy has on your credit can be mitigated to some degree. If you select Obryan Law Offices to find your Louisville bankruptcy attorney, you will be able to rebuild your credit quickly following your bankruptcy.
The Benefits of Bankruptcy
Once you file bankruptcy, all of your creditors will be notified. This includes your mortgage, car loans, credit cards and personal loans. A bankruptcy can stop a repossession and even get your property back from a repossession that's already taken place. Bankruptcy forces your creditors to stop reporting payments to the credit bureaus. This is important because once you file, the negative payments history stops.
How to Rebuild Your Credit Quickly Following Bankruptcy
One of the best, most cost-effective, and fastest ways to rebuild your credit after a bankruptcy is with secured credit cards. This is where you give money to a lender in return for a credit card for the amount given. For example, if you give them $500, the lender will give you a credit card with a $500 line of credit. You will have to start with some money, but the fees will be lower than they would be with the cards you would normally get after bankruptcy. With secured credit cards, you'll be able to rebuild with a very reputable company a lot faster.
After six months to one year of making faithful payments on the secured credit card, you can ask for a credit increase as well as an unsecured card. The creditors are usually more willing to work with you once they see you've reestablished with them and have a good payment history. They'll be more likely to give you more credit and allow you to rebuild faster.
Contact Obryan Law Offices
For more detailed information about bankruptcy or to see if bankruptcy is right for you, contact a leading Louisville bankruptcy attorney at Obryan Law Offices today. Helping people get out of debt is what we do every day!Louisville Bankruptcy Attorney
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