With our help, you can seek relief in bankruptcy by filing for:
Our attorneys bring a wealth of experience that generates success for our
clients. With our support, settling your debt can be done much quicker
and cheaper than you ever thought possible.
Interested in a free consultation?
Contact Financial Relief Law Center online or call
(949) 570-5466 to claim yours today!
Why People Choose Bankruptcy
Filing for bankruptcy can come with its own challenges, but it can solve
problems that would otherwise linger and fester. If you are having trouble
controlling your debt right now, it may only grow larger unless you can
release as much of it as possible through bankruptcy. Your credit will
take a hit and you may lose certain possessions during the process, but
you can gain a chance to rebuild your financial life with a fresh start.
People ultimately choose bankruptcy because it can help them:
- Discharge most debts
- Preclude foreclosure
- Put stop to wage garnishment
- Stop a bank account levy
- End harassment from creditors
- Reorganize debt or release obligations to debt
- Keep cars and even homes (in Chapter 7)
- Avoid judicial liens and junior liens
How Does Bankruptcy Impact My Credit Score?
There are many positive impacts that filing for bankruptcy can have on
your life, especially when you’ve become overburdened by debt in
Orange County. It’s not simply a matter of wiping the slate clean
for free, however. Bankruptcy does have some immediate costs, such as
showing up on your credit report and hurting your credit score.
You may find it difficult to locate available creditors immediately after
closing a bankruptcy case and for a few years after the fact. Everyone’s
mileage will vary, though, depending upon how bankruptcy actually impacted
their credit score and how certain creditors view bankruptcy.
If you’re worried about your ability to get credit in the future,
consider that bankruptcy provides an opportunity for a fresh start. Your
credit rating will no longer be hammered by missed payments and mounting
debt to your former creditors, and being able to stay current with those
you still have can slowly build your score back up. If bankruptcy affords
you the freedom to pay off debt within healthy margins, your credit score
can recover over time.