5) “How does bankruptcy affect my credit?"

Now, the fact that you have gone through a bankruptcy may appear on your credit report for up to 10 years from the day we filed the petition for you. That doesn’t mean that your credit is ruined or that you cannot buy a car, or house, or make some other major purchase. As a practical matter you want to ask yourself, “What your credit report looks like now?” and what it will look like in 6 to 12 months, if you do not get a fresh start through the bankruptcy process.

The right to bankruptcy relief is, in many ways, one of the best kept open secrets in America because of the almost instant elimination of pain, stress, worry and personal torment. It’s one of the few bodies of law that is specifically drafted to help and protect you. In the recent past, each year, well over a million individuals, couples and small businesses nationwide will file for personal bankruptcy, and credit card companies are still reporting record profits. Consumer debt has topped one trillion dollars.

New law or old law, getting a fresh start through the bankruptcy process still works for those who know how to use it. GANDY LAW OFFICES can guide you through the new law ins and outs. Bankruptcy is still an incredibly powerful and inexpensive tool, which allows you, when you are snowed under by debt, to draw a bright line, step over it, and move on with the rest of your life. Bankruptcy can free individuals and families from the burdens caused by debt problems and the anxiety they can cause. Investing a modest amount to forever get rid of many thousands of dollars in debt is often a good economic decision for most of our clients.