BANKRUPTCY FAQS
What chapter Bankruptcy should I file?
How does a Chapter 7 Bankruptcy work?
How does a Chapter 13 Bankruptcy work?
Can I still file Bankruptcy under the new
law?
What documents should I bring with me to my bankruptcy consultation?
Do I need a lawyer to file a Bankruptcy?
What is the Bankruptcy 341 meeting?
Where is the Bankruptcy court located?
What is an unsecured creditor?
How does Bankruptcy effect my credit?
How do I pay for Bankruptcy if I am broke?
Should I charge more things to my credit cards before I file for Bankruptcy?
What is a Bankruptcy discharge?
What are the effects of a discharge?
Will I ever get credit again post Bankruptcy?
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
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