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How Bankrupty Can Help Recover Your Credit, Virginia Beach; Norfolk; Newport News; Chesterfieldby John G. Merna

Trick or Treat: Bankruptcy Treats – Part 2

Here are few of the little known treats that bankruptcy provides to help a struggling soul back onto the road of good credit and even purchasing a home.

Treat/Reality #1

Bankruptcy allows your credit score to recover. Think of the negative credit reporting when your are behind on your bills as sinking your credit “ship”. Bankruptcy is like the knife that cuts the anchor lose to allow your score to float back to the top.

Treat/Reality #2

Bankruptcy is the fastest and cheapest way to rebuild your credit. Think about it. To go through a consolidation or even settle your debt costs huge amounts of money over a long period of time in a hope that you may be debt free. With bankruptcy, chapter 7, you are debt free in 90 days or so for the small price of an attorney.

Treat/Reality #3

Bankruptcy can stop a garnishment, repossession, even foreclosure. The bankruptcy power that freezes everything is call the “Automatic Stay”.  The minute you file the automatic stay freezes all creditor actions even garnishments, repossessions and foreclosures.  When you add this power to the power  bankruptcy has to help start your credit recovery, you realize what a true treat bankruptcy can provide to get you on the road to a bright financial future.

Treat/Reality #4

You can buy a house within 3 years after filing bankruptcy. To appreciate this fully, ask yourself how long before you could reasonably qualify and afford to purchase a house with your current debt? Probably longer than you think.  You’ll have to pay off the bad debt first and then start working on getting a better credit score.

Treat/Reality #5

Bankruptcy is a business decision not a moral issue. Celebrities use it to break contracts. Businessmen use it to restructure companies so they can go forward making millions. The greatest success stories have risen out of financial setbacks and bankruptcy. Walt Disney, Mark Twain, Abraham Lincoln and so on. You only learn from mistakes and big mistakes generally are needed before big success.
We would be happy to scare away your financial ghouls today.  Give us a call now at 800-662-8813.  Have a happy and safe Halloween.  Read Part 1 here.
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REQUIRED BAR NOTICE: THESE TESTIMONIALS DO NOT GUARANTEE SIMILAR RESULTS.

 The Merna Law Group, Attorneys At Law, P.C. Didn’t have to worry about anything!5 Stars! “Just keep providing the type of service you do. You business values are based off reliability and service. Today’s Law Offices just don’t offer that kind of experience. Didn’t have to worry about anything!!! Just being able to go on with my normal life and know that all my issues are well taken care of is a relief in itself.” Reviewed by A.P. of Virginia Beach on Mar 4 . 
 The Merna Law Group, Attorneys At Law, P.C. …debt free!5 Stars! “A friendly staff and outstanding attorney who helped me through a difficult time in my life. Thanks to everyone at the Merna Law Group who helped me move on to and new chapter in my life debt free!” Reviewed by M.F. of Norfolk on Mar 8 . 
 The Merna Law Group, Attorneys At Law, P.C. …overall experience was outstanding!5 Stars! “My husband and I were very happy with The Merna Law Firm. They are well organized, time manageable, and friendly. I was even able to bring my children with me if I needed to. In court, they stayed right there beside us and answered all questions we had. Our overall experience was outstanding and I am glad we were represented by the Merna Law Group.” Reviewed by A.M. of Suffolk on Mar 5 . 
 The Merna Law Group, Attorneys At Law, P.C. …kind and friendly from the start!5 Stars! “Everyone there was kind and friendly from the start and helped us with everything in a timely manner. They were never rude no matter how much we called or asked questions.” Reviewed by B.P. of Virginia Beach on Feb 20 . 
 The Merna Law Group, Attorneys At Law, P.C. …very helpful and friendly!5 Stars! “Everyone at the office was very helpful and friendly. The attorney answered all of our questions and helped us through the entire process. He was also very helpful answering concerns that we had after the process was completed/over. Highly recommended!” Reviewed by M.E. of Virginia Beach on Mar 11 .