Bankruptcy

As America tries to overcome the recession that affected so many people negatively, there are still some people who are struggling, and cannot keep their heads above water.
Filing bankruptcy is not a bad thing, and quite contrary to belief, filing bankruptcy can actually help your credit score.
Credit scores are affected by all the credit accounts that are opened under a persons name, the number of times a person runs their credit, delinquent payments on credits and the non-payments on credits.
By filing bankruptcy, all the credits are wiped out, which means all the late payments are wiped clean, so you start brand new. Someone who has a bad score such as 650 can come out of bankruptcy with a better score of 700, and YES, you still can obtain more credit, such as a car loan.
The main Chapters of Bankruptcy that our firm handles are Chapter 7 and Chapter 13. Chapter 7 is for people who do not make a lot of money, and may not hold many assets. Chapter 13 is for people who make more than a certain amount of money, but still find themselves struggling.
The Law Firm of Gaines & Associates P.C. offers free 30 minute consultations over the phone for anyone wanting to know more about bankruptcy and which Chapter you qualify for. Give us a call (678)-735-5487, what have you got to lose?