Experience Matters

Restarting After Bankruptcy

Many people mistakenly see bankruptcy as the end of their financial future and worry about whether they’ll be able to obtain credit for major purchases like cars or real estate after filing. While Chapter 7 or Chapter 13 bankruptcy can bring your credit score to an all-time low, and show on your credit report for up to 10 years, you can begin rebuilding your financial future, and raising your credit score, almost immediately after your bankruptcy is filed.

With over three decades of experience as a bankruptcy attorney, Evan M. Altman in Atlanta is one of Georgia’s most respected bankruptcy attorneys and has helped countless individuals and businesses build a new financial future after bankruptcy.

Raising Your Credit Score

The key to starting fresh after filing for Chapter 11 or Chapter 7 bankruptcy in the state of Georgia is to begin raising your credit score. The most important thing you can do to raise your credit score after bankruptcy is making payments on any outstanding debts on time.

In addition, you can obtain a secured credit card. Virtually anyone can obtain a secured credit card, regardless of credit score, because it is secured by a deposit you make covering the full credit limit of the card, to be used in the event that you fall behind on payments. By obtaining a secured credit card, you can demonstrate to the three major credit reporting agencies (Experian, Equifax, and Trans Union) that you can make your payments on time. By doing these two things, you’d be surprised how quickly your credit score can begin to rise after bankruptcy.

Obtaining Auto Loans And Mortgages

While it will take some time for you to rebuild your credit, it’s not impossible to get an auto loan or mortgage after filing for bankruptcy. While it may take a few years of faithful on-time payments on all of your debts before you qualify for a mortgage with a decent interest rate, by working with an auto loan broker, you can shop around for competitive auto loans. And as you make regular on-time payments on your new auto loan, your credit score will continue to rise.

Whether you have already filed for bankruptcy or are considering doing so, The Law Office of Evan M. Altman in Atlanta, Georgia, can help you restart your financial future. Mr. Altman has over 30 years of experience as a bankruptcy attorney, and his knowledge and commitment to his clients set him apart from other northern Georgia bankruptcy lawyers.

Call Today For A Case Evaluation

If you’d like help rebuilding your financial future after bankruptcy, or are thinking about filing for Chapter 7 or Chapter 13 bankruptcy in Georgia, you owe it to yourself to contact one of northern Georgia’s most respected bankruptcy lawyers. You can contact The Law Office of Evan M. Altman in Atlanta, Georgia, at 770-285-7134 or complete our online form to schedule a consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.