Is There Life After Bankruptcy?
People thinking about filing bankruptcy wonder about the consequences. While they experience great relief at the thought of making a fresh start, they also wonder how long it will take to return their lives to normal. At the Miami law firm, Ferrer Shane, PL, our attorneys answer client questions about rebuilding after bankruptcy. We are a small firm and are able to provide the personal attention clients need as they start the filing process.
Questions About Rebuilding After Bankruptcy
Common client questions include:
- Will I ever be able to get a credit card again? The short answer is, "it depends." Many people are able to repair their credit by obtaining a low-limit card and gradually increasing their credit limit as they pay their balances responsibly. However, each situation is different, so it's important to seek advice on this matter.
- Can I get help managing my finances so I won't get into trouble again? To file bankruptcy, a debtor must take a required credit counseling class. Toward the end of the process, bankruptcy filers must also complete a debt management program. You will learn how to budget, how to manage debt and how to start saving.
- Will I ever be able to buy a house? Individuals who have filed Chapter 7 bankruptcy should be able to obtain a mortgage loan with the same terms and requirements as anyone else two years after filing bankruptcy.
Get Help Rebuilding After Bankruptcy
Our law firm can advise you about resources that can help you re-establish your credit and start rebuilding. Contact a South Florida lawyer to learn more about making a fresh start after filing bankruptcy. Call Ferrer Shane, PL, at 305-262-2728.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
