| Starting over after Bankruptcy |
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BANKRUPTCY CAN GIVE YOU A FRESH START One of the major concerns most clients have is whether or not they will ever be able to rebuild their credit. Their concern is unfounded. The credit card companies would like for you to believe that bankruptcy is the end of your credit life. It does not have to be at all. Bankruptcy can be a new beginning. The credit companies offered you great opportunities to be able to purchase many luxuries which you could not have otherwise have afforded, but the high interest rates became overwhelming, and you ended up unable to repay them. It is as simple as that. You can re-establish your credit. All that you must do is realize that we live in a world based on borrowing, and that borrowing is very good for business. When you file for bankruptcy, you remove your past debts and you are free to borrow again in a relativly short period of time. Yes, the credit card companies will want higher interest rates, but that is a small price to pay for starting over with a clean slate. |
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Chapter 7 Bankruptcy 



