Archive for the ‘Bankruptcy Attorney’ Category
If you have decided to take a way out from your debt problem with bankruptcy procedure, there are things that you can do after the court approval. Well, actually you can do it, but it is difficult for you to get what you want after filing bankruptcy. What are those things that you should not do after bankruptcy?
First of all is to apply for unsecured credit. After bankruptcy, your reputation as debtor will carry out the notes that you have experienced difficulty in paying back based on the original contract of debt you have with your creditor. Unsecured credit, which is a type of credit with very lower covenant, is not accessible for you for sometimes. The credit record will keep the bankruptcy note after 7 years for chapter 13 and 10 years for chapter 7. Please adjust your expectation and meet your Greenville bankruptcy attorney who can explain the logical expectation of getting new credit.
If you want to restore your credit score after bankruptcy, you should not make any payment default on the debt consolidation payment and the current payment of your debt. The credit record will take any prompt payment as an indicator of better credibility of you. Usually someone who has gotten approval for their petition for chapter 13, will get approval of new credit for 1 year. Of course, this credit has more strict term and conditions such as security, higher rate due to low credit score. Bankruptcy lawyers Greenville will try to support you in filing this petition and reduce error in sharing your current financial conditions.
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