Questions After Declaring Bankruptcy
Many questions can arise about what life will be like after declaring bankruptcy. Can I still get a credit card? How about car loans? Or home loans? If my financial problems return, can I declare bankruptcy again in the future?
There are answers to these questions, and it's mostly good news. At Horwitz & Horwitz, LLC, we have experience helping the people of Southwest Ohio, rebuild their lives after bankruptcy. Our attorneys care about our clients, and we are dedicated to giving you quality, personalized help in repairing your credit and finding a fresh start.
For a free consultation, contact us today.
Good News: There is Life After Bankruptcy
There are positive answers to most of the issues regarding life after consumer bankruptcy:
- Credit cards: Most of the time, you can still qualify for a credit card after bankruptcy, at rates that are not that much higher than regular credit card rates.
- Car loans: Generally, car loans are available for people after declaring Chapter 7 bankruptcy without requiring extra steps. For Chapter 13, automobile loans are usually available as well, but the bankruptcy trustee overseeing your case would need to approve the loan.
- Home loans: Historically, home loans have been readily available to people after declaring bankruptcy. However, it may be more difficult to get a home loan in these troubled economic times, just as it is for most people. If you currently own a home, and continue making the mortgage payments during a bankruptcy, you are helping to re-establish your good credit and will be a good candidate for a new mortgage once the bankruptcy is concluded.
- Filing for bankruptcy again: You can re-file for bankruptcy after the appropriate statutory waiting period. The waiting time for re-filing under Chapter 7 is eight years after your previous filing. For Chapter 13, you can re-file two years after the discharge of your previous Chapter 13, or four years after the discharge of a previous Chapter 7.
Find Your Path to a Fresh Start | Call 937-750-8810
Our attorneys understand how important it is for you to find a fresh start and rebuild your life and we also understand the anxiety associated with debt problems. That's why we pride ourselves in giving you the personal attention you need. When you hire us, you work with a lawyer, not a paralegal or assistant, throughout your representation. We take care of you ourselves, easing the anxiety as you rebuild your life.
If you are facing significant debt, the possibility of repossession or foreclosure, or if you need to stop creditor harassment, either call our Springboro office or contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
