Hartford County Attorney Advises On Life After Bankruptcy
For people who have recently received a bankruptcy discharge, life is completely different. The burden of excessive debt has been lifted, and a fresh start is at hand. As you transition into life after bankruptcy, it is important that you have a plan in place for rebuilding your credit score and ensuring that all of the debts that were discharged in your bankruptcy no longer appear on your credit report.
If you are in need of debt relief and have questions about how life changes after bankruptcy, a Hartford County lawyer can help you understand the benefits and potential pitfalls that may lie ahead. I am Connecticut bankruptcy attorney Charles A. Maglieri. I represent clients in all aspects of Chapter 7 and Chapter 13 bankruptcy. My entire practice is dedicated to helping people find the debt relief they need.
What Happens After Bankruptcy?
Once your debts have been discharged, your debt-to-income ratio will improve considerably and make you a much stronger candidate for credit card offers. Some people receive offers in the first year following the discharge. These offers can be a good way to re-establish payment history and improve your credit score. Be selective in the offers you accept, and don’t overextend yourself again. For many people, credit card debt is where their financial struggles started.
The other major concern following bankruptcy is making sure that discharged debts show a zero balance on your credit report. It doesn’t matter whether the creditor was fully repaid. You have no further responsibility to pay debts that were discharged in a bankruptcy, and they should all show as paid on your credit report. If you find that a discharged debt still shows a balance on your credit report, contact the reporting agency to request a correction.
Talk To A Dedicated Bloomfield Lawyer About Exemptions And Other Critical Matters In Bankruptcy
Contact my office to discuss your questions regarding life after bankruptcy. I offer a free initial consultation to all new clients. I am available during regular business hours and by appointment at other times. You can reach me by phone at 860-952-3674 or 860-541-5407 or via email.
My law firm is a debt relief agency as so designated by Congress in the year 2005. I help people file for bankruptcy relief under Title 11 of the United States Code, known as the Bankruptcy Code.