Aurora Bankruptcy Lawyer On Bankruptcy, Chapter 7, and Credit

Bankruptcy laws are provided under the United States Constitution and they are a federal right that is afforded to people who are honest, who just simply need a fresh start.  If you are someone who lost your job or if you are someone who had a medical condition and your insurance did not cover the uncovered portion, then Chapter 7 might be a great way for you to get back on your feet and end all of the harassment. 

You can file a Chapter 7 bankruptcy case once every eight years.  You can even file a bankruptcy case after you file a Chapter 7, but that would be of the Chapter 13 variety where you’re repaying your debt over time. 

Many of my clients have been struggling with credit card debt for over 10 years.  When they come to see me at my office, they’ll tell me that they have perfect credit, they have a great credit score, they’re able to manage their debt without a problem and that they really don’t think that they should file.  However, what they fail to recognize is that they’re carrying a ton of debt on their shoulders.  I basically tell these clients and prospects that I really don’t care what your credit score is or whether you think you have perfect credit.  I care whether or not you are able to function by carrying that debt year after year, month after month, day after day.

I like to see clients get a fresh start because I know that there is going to be a good life after bankruptcy.  Most people who come into my office, they’re struggling financially.  They’re stressed out.  They’re worried about things and they’re mostly worried about, if they file for bankruptcy, will they ever get credit again.