Bankruptcy Attorney New York City, NY - What Most People Fear ...

Last updated 16 hours ago

If you?re considering filing for bankruptcy, you probably have many concerns. While going through bankruptcy is difficult, it helps more than a million Americans take control of their finances each year. With the help of a knowledgeable bankruptcy attorney, filing for bankruptcy can offer many benefits.

• Losing Your Job: In a majority of cases, filing for bankruptcy will have no effect on your employment. In fact, the company you work for won?t know about your bankruptcy claim unless your employer garnishes your wages. Talk to an expert bankruptcy attorney to learn more about keeping your job during your filing.
• Preventing Future Employment: Many people fear that bankruptcy will prevent them from getting a job in the future, but unless you work in a finance-related industry, your credit is not likely to influence your likelihood of being hired.
• Ruining Your Credit: When you file for bankruptcy, it will appear on your credit report. However, with good behavior and financial responsibility after your claim, you can still rebuild your credit in as little as two years. Your bankruptcy attorney can help you create a financial plan that will get your credit back on track in no time.
• Ruining Your Spouse?s Credit: Bankruptcy only affects the credit of the debtor, or the person filing. As long as spouses aren?t co-debtors, their credit won?t be affected by a bankruptcy claim. To learn about when spouses are considered co-debtors, seek legal advice from your bankruptcy attorney.
• Not Qualifying for Future Loans: Depending on the type of loan you hope to get and how soon you hope to get it, bankruptcy may or may not be advisable. Consulting a bankruptcy attorney is the only way to understand how your claim may hinder future loans.

If filing for bankruptcy has you worried about your future, talk to the experienced New York bankruptcy attorneys at Jeffrey Weinstein, P.C. right away. We?ll examine your case personally and give you legal advice based on our knowledge, experience, and your individual needs. Call (646) 495-9614 to schedule your consultation.

Source: http://www.probatelawnyc.com/507700/2012/07/27/what-most-people-fear-about-filing-for-bankruptcy.html

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