Before filing bankruptcy, many people fear imagined consequences on the other side — negative repercussions after the bankruptcy is complete. This is natural when debt problems have loomed large for a long time.
Debtors have often consumed a great deal of mental and emotional energy trying to stay afloat that it is natural to fear the unknown territory of life after bankruptcy. "Bankruptcy" is such a loaded term to begin with, and is associated with "failure" in many people's minds. In reality, when it is appropriate, bankruptcy can be a much quicker path to financial recovery than any other attempted remedy.
At the Illinois bankruptcy law offices of Ledford & Wu, we understand our clients' worries and concerns. Our attorneys are more than willing to take the time necessary to give personalized answers to questions such as these about life after bankruptcy:
- "How can I cope with the emotional aspects of bankruptcy?" The very idea of bankruptcy may cause more stress than any actual reality associated with it. We believe we can address your moral and ethical concerns and help you see facts rather than dwell on feelings.
- "What will happen to my credit if I file bankruptcy? Will I ever be able to get a loan again?" If you could go back in time, you might want to ask that question of Benjamin Franklin or Thomas Edison, both of whom at some point used bankruptcy as a stepping stone to success.
- "How soon can I expect to be able to get a mortgage and buy a house after filing bankruptcy?" Our law firm has a large collection of postcards and thank you notes from past clients who can attest to how quickly bankruptcy set them on the road to qualifying for a market rate mortgage.
- "How soon can I expect to be able to get a car loan and buy a new vehicle after filing bankruptcy?" Many of our past clients have reported that some of the first finance-related mail that they received after their bankruptcy discharges consisted of car purchase and car loan solicitations.
We are here to answer these and other questions you may have about bankruptcy with consideration of your unique financial circumstances. Keep in mind: Only three lawyers in Chicago are certified in consumer bankruptcy by the American Board of Certification*. Two are partners at Ledford & Wu.
Contact an Experienced Chicago Bankruptcy Lawyer
Call or e-mail us today to schedule a free initial consultation.
*The American Board of Certification is accredited by the American Bar Association and sponsored by the American Bankruptcy Institute and the Commercial Law League of America. Federal law recognizes board certification in bankruptcy. The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and the certificate, award or recognition is not a requirement to practice law in Illinois.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
