What To Expect After Bankruptcy
Bankruptcy puts an end to creditor harassment. Clients who have filed for bankruptcy can expect to receive fewer calls from creditors. In fact, when creditors know that you are represented by an attorney, the law prevents them from contacting you directly. Instead, they must contact your lawyer directly.
Bankruptcy also stops foreclosure, repossession of your vehicles and wage garnishment. Filing for bankruptcy creates what is called an "automatic stay," which immediately stops actions being taken against you. Instead of having to face these consequences alone, legal proceedings related to your mortgage, auto loan debt and other forms of debt are rolled into the bankruptcy proceeding. You and your attorney then tackle them together with the law on your side.
Bankruptcy affects your credit, but only for a limited time. Filing for bankruptcy affects your credit for about two years. Your credit report places more weight on things that have happened recently than things that have happened in the past, so credit is easily rebuilt if you are making car and house payments on time. Contact An Oklahoma County Chapter 7 And Chapter 13 Bankruptcy Lawyer
Wipe out debt. Take control of your finances and move forward toward a fresh start. Call Affiliated Legal Services, Inc., at 405-605-3704 or contact us online for a free and confidential initial consultation with an Oklahoma City bankruptcy law lawyer. Evening and weekend hours are available by request.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.