Life After Bankruptcy In Bakersfield

One of the things that keeps people from filing bankruptcy is the fear of being unable to get credit, or to buy a car or a home. By and large, these fears are not true, and are based on misconceptions rather than fact. The fact is that after you file Chapter 7 bankruptcy and receive your discharge, your financial situation will be much better than before your bankruptcy. I am Bakersfield bankruptcy attorney Steven Stanley. I view Chapter 7 bankruptcy as a tool to overcome severe financial problems. When you work with my law firm, I will provide the personal attention you need to solve these problems and move on to a life free of crushing debt.

Kern County Lawyer Helping People Re-Establish Credit Through Bankruptcy

If you are thinking about filing for bankruptcy, your credit rating is probably already not as high as you would like it to be. When your bankruptcy is final and your debts are discharged, you will likely start to receive offers for credit from credit card companies within a year. The interest rates may be fairly high, but if you make purchases on these cards and pay your monthly balance in full, that can go a long way toward rehabilitating your credit. As time goes by, you should be able to finance larger purchases, such as an automobile, on credit.

Buying A Home After Bankruptcy

Filing bankruptcy will not force you to rent for the rest of your life. Under the current law, you may be eligible for a loan from the Federal Housing Administration (FHA) within two years of your bankruptcy discharge, or even sooner if you can show you filed bankruptcy due to circumstances beyond your control. If you decide to purchase a home with a conventional loan, it may take longer to qualify for a home loan. If you manage your finances appropriately, however, owning a home after bankruptcy can be a reality.

Contact The Law Office Of Steven M. Stanley

Learn more about what your life after bankruptcy will be like. My Bakersfield, California, law firm provides a free initial consultation to discuss the specifics of your situation. Call 661-578-5149 or email my law firm to begin. Se habla español.

The Law Office of Steven M. Stanley is a debt relief agency that helps people file for relief under the Bankruptcy Code.