Bankruptcy Attorney Steven J. Halbert Has The Bankruptcy Information You Need

Bankruptcy has a bad reputation and is usually chosen as a last resort by those who are suffering from credit problems or struggling to pay their bills. It's true that bankruptcy can have a negative effect on your credit score — but it can also offer you a way out of your financial situation and offer you a fresh start and a way to rebuild your credit. If you are struggling to pay your bills, are tired of creditors calling your house at all hours, and are ready to rebuild your credit, bankruptcy may be the best option. Let attorney Steven J. Halbert help you decide if bankruptcy is right for you.

What Are The Benefits Of Bankruptcy?

There are several benefits of bankruptcy. It helps eliminate debt and helps you pay any bills you are responsible for with a simple payment plan, or you may liquidate your assets and use those to pay off your creditors. Any unsecured debt is removed from your credit report and you are not obligated to pay for it. In some cases, you can save some assets and still file for bankruptcy. Once your case is complete, you can start rebuilding your credit and create a better financial future for yourself.

What Are the Risks Of Bankruptcy?

There are some risks associated with bankruptcy. Bankruptcy does show up as a negative note on your credit report and will stay on it for seven to 10 years. Many lenders will not offer financing or credit to you if they know you have filed for bankruptcy and it can take some effort to rebuild your credit. Some types of bankruptcy require you to liquidate your assets to make money to pay back lenders.

Let Steven J. Halbert Help You With Your Bankruptcy Case

If you are considering bankruptcy but have questions and don't know where to start, a bankruptcy attorney can help you. Indianapolis attorney Steven J. Halbert will gladly help determine which type of bankruptcy is right for you and make sure you understand how the process works. Call today at 765-577-5290.