We all have secrets. Some are dirty little secrets involving deceit and chicanery. Others are family secrets, like that branch of the family tree that started as an unwanted teenage pregnancy. Today I want to talk about a secret in the world of bankruptcy. Bankruptcy is a scary word. Most people considering bankruptcy think they know what will happen to their credit score if they file bankruptcy. Many people are given stern warnings by friends or family that bankruptcy is a horrible decision that will haunt them for years. Now for the secret: the people most afraid of bankruptcy are those that have not gone through it! As the old adage goes, ignorance and prejudice go hand in hand. This is certainly true when it comes to bankruptcy. Maybe you’re considering bankruptcy and wondering what’s really going to happen to your credit. Maybe you’re just thinking about it but are not ready to speak to a lawyer. Try speaking to friends or family members that have filed bankruptcy. I am confident those who have actually filed bankruptcy will say things like, “Best decision I ever made,” or “Only wish I had filed sooner.” As the Beetles lyric goes, “I get by with a little help from my friends,” and you can too. Still concerned, keep reading. Much has been written here and other places about credit after bankruptcy.
At the Law Office of Michael Primus we have helped thousands of clients get out of debt, stop wage garnishments, and start fresh through bankruptcy. If you live in Contra Costa, Alameda or Solano counties and have debt problems, contact us for a free in-office consultation. We have offices in Walnut Creek, Antioch, and Hercules.