— Sacramento Bankruptcy Attorney —
Sacramento Bankruptcy21-11-2014
MY CREDIT WILL BE RUINED IF I FILE FOR BANKRUPTCY AND MY CREDIT SCORE WILL PLUMMET This is FALSE. If you are late on your bills or have your credit cards maxed out, your credit score probably has already been dragged down significantly. Reducing your debt to credit ratio may also help to improve your score. In fact, after a bankruptcy discharge you are a much better credit risk than just about anyone else, creditors will consider the following:

- You have a clean financial slate
- You most likely have little or no remaining unsecured debt
- You have just completed two courses, one on credit counseling and the second on financial management
- You have just put together a household budget and have used the process to strip the unaffordable debt from your budget
- You understand clearly the implications of poor credit management
- You can't file another Chapter 7 for 8 years
Sacramento Bankruptcy Attorneys19-11-2014
Bankruptcy Myths
I WILL LOSE MY HOME OR CAR IF I FILE FOR BANKRUPTCY

This is FALSE. If you have a mortgage or car payment in place and can afford to pay that mortgage or payment, there is no reason the bank will try to take your home or car. If you have equity in your home in excess of the mortgage, it likely is protected by State or Federal homestead exemptions.

Sacramento Bankruptcy Lawyer18-11-2014
Chapter 7 Bankruptcy
People often find themselves overwhelmed by bills and in need of a "fresh start." By filing a Chapter 7 Bankruptcy, certain debts can be eliminated giving the debtor the fresh start they so desire. Generally speaking, a debtor in a Chapter 7 Bankruptcy can keep any
property that he/she owns outright, and also those secured items that are current and
affordable.

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