Experienced New Jersey Bankruptcy Attorney
Guiding Clients to a Fresh Start and Life After Bankruptcy
Myths surrounding the bankruptcy process cause some individuals to hesitate in filing for Chapter 7 or Chapter 13 bankruptcy. In the midst of rumors, misunderstandings and false beliefs, the one truth that matters most is whether your life will be better before or after bankruptcy.
Contact the New Jersey law firm of Klafter & Mason, L.L.C. to discover how bankruptcy can benefit you, your family or your business. We offer a free initial consultation to discuss your unique concerns. Call us at 866-219-2495, or 732-410-6321 or e-mail us today!
There Will Be Plenty of Offers for Credit After Bankruptcy.
One of the more pervasive myths about bankruptcy is that debtors will never again be able to obtain any kind of credit after filing for bankruptcy. This could not be further from the truth. Once your debts are discharged (and with certain exceptions), you will be able to secure a mortgage. You will be able to refinance. You will be able to finance a vehicle. Of course, patience is important. You may not be able to obtain this type of credit immediately. However, the more time you put between yourself and your bankruptcy filing, the less weight your bankruptcy filing will carry in evaluating your creditworthiness when compared to, for example, a twelve month payment history.
In general, a Chapter 7 bankruptcy will remain on your credit report for 10 years from the date of filing. A Chapter 13 bankruptcy may stay for 10 years also, but it is customary to be removed after 7 years. As more time passes, the less lenders will be concerned about your bankruptcy. In fact, if you remain current and timely on your post-petition debt obligations, within 18 to 24 months after bankruptcy, you may increase your credit score. Before you know it, you may even be out buying a new home.
Klafter & Mason, L.L.C. Will Guide You to Financial Freedom.
At Klafter & Mason, L.L.C. , we have the resources and the experience to guide you through the bankruptcy process, while protecting your best interests. For more than 20 years our bankruptcy lawyer, Gary L. Mason , has helped people like you obtain a fresh financial start.
Contact us today at 866-219-2495 or e-mail us to schedule a free initial consultation. Our office is handicapped-accessible and is conveniently located just fifteen minutes from the New Jersey Turnpike and the Garden State Parkway. Parking is free.