November 14, 2019 By:
The first thing to understand about filing for bankruptcy protection is that it will be reflected on your credit report. That may or may not be a good thing. Some future creditors may summarily reject you simply for filing bankruptcy. However, many creditors, once they understand the situation, may discount the mere fact of your bankruptcy, preferring instead to recognize that your filing was better than doing nothing (and letting the situation get worse). Many creditors are more interested in what you’ve done (and more specifically, what you’ve done lately) than they are about credit scores. Accordingly, if you do file for bankruptcy, make certain you honor the terms of the bankruptcy filing, make all remaining payments in a timely manner, and don’t unnecessarily incur any new debt.
If you’re thinking about using bankruptcy to get medical debt under control, consider taking these measures first:
I provide a free initial consultation to anyone with questions or concerns regarding a bankruptcy filing. Contact my office by e-mail or call me at 972-772-3083 for a private meeting. With offices in Rockwall, Texas, I represent clients in Heath, Greenville, Lavon, Wylie, Mesquite and Rowlett.