Best Affordable Bankruptcy           Attorney Cherry Hill

Learn how  Bankruptcy Lawyers in Cherry Hill fights for your rights

For more information please contact our office in Cherry Hill so we can assist you with all your legal matters. You may contact our friendly staff by telephone at 856-452-8480 

Bankruptcy Lawyer Cherry Hill TIPS...

Bankruptcy Tip # 1

Many of the fears and second thoughts regarding bankruptcy are actually myths. Most people believe that they understand the process and consequences of bankruptcy even though they have never been through the process. These myths can actually hurt people, because people will continue to live with unmanageable debt rather than discharging it once and for all. If you want to make an informed decision based on fact, consider the following myths and truths about bankruptcy.

Bankruptcy Tip # 2

People who file bankruptcy can never get a credit card or loan.

This is one of the most incorrect and most dangerous assumptions about filing bankruptcy. First, a bankruptcy will only stay on your record for seven to ten years. While this may seem like a long time, it would likely take you much longer to pay off the debt that will be discharged. Second, many credit cards and banks offer "second chance" loans, cards, and accounts. If you handle these second chances responsibly, you can begin rebuilding your credit record immediately. It is very possible to have a better credit record 3 years after bankruptcy than you did in the months before it.

Bankruptcy Tip # 3

 Creditors can come after you for debts even after bankruptcy.

Once a debt has been discharged, it legally does not exist. Creditors cannot harass you or even mention your former debts to them. Some types of debt, like child support and student loans, are not eligible for discharge. Your bankruptcy lawyer can explain which debts will be discharged and which will not. T=If a debt is discharged, the creditor knows that they cannot contact you about the debt without risking charges of harassment.