Life After Bankruptcy

Rochester Credit After Bankruptcy Lawyer

The myth about bankruptcy is that it will ruin your credit forever. You run the risk of never buying another car or home, or never getting a personal loan. This is not true, and it is possible to begin rebuilding your credit almost immediately after a bankruptcy filing.

As an attorney, I have more than 25 years of experience helping clients create new lives after bankruptcy. At the Law Offices of George Mitris, I understand the stress and worry you are feeling. Most clients feel a great sense of relief after they file bankruptcy. It is a time of new hope, fresh starts and a more stable future.

The Fresh Start of Bankruptcy

Filing Chapter 7 or Chapter 13 bankruptcy takes people from bad or overextended credit and gives them a blank slate. A clean slate. You will go from bad credit to no credit to immediately rebuilding and re-establishing your credit.

While winning the lottery and paying off all your debt is best for your credit, if that is not a likely possibility, bankruptcy for most people is the second best option credit-wise. Missed or late mortgage, auto, credit card, utility, medical, or other payments are far more damaging to your credit rating. Realistically, not filing for bankruptcy can hurt your financial future much more than filing.

Rebuilding Credit

When a lender pulls a credit report to determine if it will give you a loan, the most common form of denial is based on your debt to income ratio. This means that in the eyes of the bank, you have too much debt to repay your loan amount. Think about it: bankruptcy has the potential to erase most, if not all, of your unsecured debt.

Many clients see an increase in credit card offers as soon as their bankruptcy filings are official. This is because, as I’ve stated, they have clean slates. It is now up to the individual to protect his or her finances. An experienced bankruptcy attorney can guide you through your decisions.

Contact the Firm

If you have questions regarding rebuilding your credit, contact the Law Offices of George Mitris by calling 585-225-7830, or by completing the contact form on this website. I offer a free initial consultation, and I maintain office hours that are convenient to my clients’ needs.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

The Law Offices of George Mitris
2080 Ridge Road W Greece, NY 14626
Phone: 585-471-8606
Fax 585-471-8605
George Mitris