What kind of life will you be facing after bankruptcy? Perhaps, your bankruptcy lawyer in Santa Ana has explained all the pros and cons of filing for either Chapter 7 or Chapter 13 but did he also point out what you can expect after choosing the option of bankruptcy? It is important to understand that your credit score will certainly be affected which prevents you from gaining a bank loan or car financing in the future. But then, when you initially defaulted in your loan payments, your credit score had already been badly hit so there is hardly any big difference.
After filing for bankruptcy, you might face difficulty securing a credit card but can this be considered a disadvantage? Perhaps you will learn to manage your finances better without a credit card which often tempts you to spend more than you can afford. You certainly wouldn’t wish to experience again the harassment you have received in the hands of credit collection agencies after your failure to pay in time. After bankruptcy, you can start rebuilding your life and forget about incurring more debts, whether it is a credit card or a new car.
Even if you ask your bankruptcy lawyer, the best advantage you can gain is the loss of stress and emotional turmoil. It is without doubt that you will finally be able to gain a good night sleep as most of your worries will finally be over. With Chapter 7, all your unsecured debts like those credit card issues are discharged and you can start rebuilding not only your life but your credit score as well. In fact, your bankruptcy lawyer in Santa Ana can enlighten you fully on the probable benefits you can gain from either Chapter 7 or Chapter 13. You will no longer experience fear every time the phone rings. You will no longer hide when bill collectors come knocking at your door.
Perhaps you are hesitant about filing for bankruptcy due to the social stigma. However, filing for bankruptcy has become a trend after the rough economy. If you think that your bankruptcy case will be publicized and broadcasted, think again since you are not a famous celebrity. In fact, all the details of the bankruptcy case will just be restricted to the concerned parties: you, the creditors and your bankruptcy lawyer. Should any news leak out, it will most likely come from you.
Perhaps you were too busy wallowing in self pity not to notice that the family is severely affected by the financial constraints. When was the last time you took the children to the movies or treated them out to a sumptuous dinner? Now that your worries are almost over, it is about time to make it up to the children. You can start rebuilding your relationship with them and learn to be more responsible in managing your finances this time around.
Not unless you are worth being the topic for daily news bulletin on TV, you have no fears that bankruptcy will leave a stigma in your life; however, a bankruptcy lawyer Santa Ana area can provide the best advice. For more details, visit the website Cantpay.com today!
