Benefits of Bankruptcy
Say NO to Debt Consolidation and Debt Settlement Companies
When you have a judgment against you, or are slow paying in your credit cards, your credit score will be lowered. A low credit score will limit your ability to get new credit to buy a car, a home and even affect your ability for jobs and rent. Credit information can stay on your credit report for years. Judgments can stay on your credit report for ten years.
When you attempt to settle your debt, you may have to pay tax on the amount that you did not pay. If you consolidate your debt, creditors may still sue and continue to report bad information on your credit report.
The Advantage of Bankruptcy
Bankruptcy has the advantage of wiping out bad credit information. It gives you a fresh start because the negative credit information is reported as discharged and you do not have to pay.
Many of our clients receive credit card offers as soon as six months after their discharge.
Many of our clients qualify to purchase a home one year after their discharge.
Many of our clients can finance a new car in as little as three months after discharge.
Doing nothing about your debt continues to lower your credit score.
Filing bankruptcy allows you to keep your property and get out of debt. It helps you re-establish your credit and go forward with your financial desires.
If you are in New York or New Jersey and you want to learn more about how the law offices of Bleichman and Klein can help you find debt relief, contact us online or by calling 888-321-4039.
