Queens NY Bankruptcy Lawyer


Experienced Bankruptcy Attorney Serving Queens, Brooklyn, Manhattan, Bronx, Nassau and Suffolk


WHAT ARE THE EFFECTS OF A DISCHARGE?


A Bankruptcy filing will stay on your credit report for 10 years.

 

However, the filing of a Bankruptcy will not keep you from getting credit.

 

Once you have received your discharge in Bankruptcy we recommend that you begin your "Fresh Start" with a secured credit card.

 

A secured credit card will help you establish a new credit history while helping you spend within your means.

 

Credit cards should be used responsibly and paid at the end of every month in full.

Why would a bank give you credit again after you filed for Bankrtupcy?

 

Some of the reasons why banks are willing to extend credit to Bankruptcy filers are:

1. You don't owe anyone any money (dischargeable debts eliminated)


2. Since you don't owe any money you have disposable income;

3. In most case you can't file a Bankruptcy again for 8 years, so there is a high likelihood you will pay your debt or they can sue you on your post bankruptcy debt; and

4. The banks can charge you higher interest because you filed for Bankrupcy protection in the past.



Castro Law, PLLC

82-11 37th Avenue, Suite 603

Jackson Heights, NY 11372

Tel: 718.533.8090











This website is maintained by Castro Law, PLLC, in Jackson Heights, NY Copyright © 2008-2010 Castro Law, PLLC All Right Reserved. The contents of this web site may contain attorey advertising under the laws of various states. Prior results do not guarantee a similar outcome. The materials contained on this website are provided for general information purposes only and do not constitute legal or other professional advice. The operation of this site is not intended to create, and will not create, an attorney-client relationship. Please do not convey to us any information you regard as confidential . We are a debt relief agency. Attorney Advertising.

Castro Law, PLLC: 82-11 37th Avenue, Suite 603, Jackson Heights, NY 11372, Tel. 718-533-8090 Fax 718-533-8091 Email: Info@castrofirm.com |ContactUs