How Will Bankruptcy Affect Me?

There Is Life After Bankruptcy

Despite what your creditors may tell you, filing for bankruptcy is not a disastrous event. You can rebuild your credit and you can live a perfectly happy, comfortable, normal life. If you are struggling with a debt burden that you can't overcome, bankruptcy is the first step you can take to financial freedom.

I'm attorney Ben Sissman, and I have helped clients file for bankruptcy, discharge their debts and put their financial lives back in order for more than 30 years. I educate my clients and help them chart a sound course for future financial stability. Call 901-730-4958 or contact me online for a free initial consultation.

A Few Things to Expect After Filing for Bankruptcy:

Your creditors will stop harassing you. When you file for bankruptcy, the judge will immediately issue an order called an "automatic stay." This puts a halt to all of your creditors' efforts at collection, including foreclosure as well as garnishment and repossession. If they have a message, they will have to call my office.
You will have a chance to strengthen your financial foundation. When all of your debts are cleared away, you have the chance to start over again and rebuild your financial life on a firmer foundation.
You will learn to live on a budget. Some bankruptcies occur because individuals don't know enough about finance and budgeting. I will help you learn to live on a budget so that you can control your spending, make your payments and avoid problems in the future.
You will still be able to get credit. It will be harder to come by for a few years. If you want credit for a major purchase like a house or a car, you will likely have to make a higher down payment and pay a higher interest rate.

Putting Bankruptcy in Perspective

Many bankruptcies are caused because individuals just don't understand how money works. More than just filing Chapter 7 or Chapter 13 bankruptcy to discharge debt, I help my clients put bankruptcy, personal finance and lifestyle considerations into perspective. When you understand how many options and tools are at your disposal, you will be well-equipped to create a more stable, prosperous future.

To schedule a free initial consultation at my office, call 901-730-4958 or contact me online today. I usually answer my own telephone and I look forward to meeting with you.