If you've never met with an attorney, you might be unsure what a consultation with an attorney looks like. You're probably already stressed about the financial burden on your shoulders. At The Bankruptcy Company, we work hard to ease that stress and help you navigate the decision to file bankruptcy. Here are ten things to know about meeting with one of our experienced bankruptcy attorneys in St. Louis.
It’s one of the most common questions we hear from people who are considering bankruptcy. And since everyone’s credit history is a bit different, we can’t give you a specific credit score to expect, but we can tell you this: Although a bankruptcy obviously has a negative impact on your credit score, it is possible to rebuild your credit score back up to at least 720 within one to two years of your bankruptcy. This will keep you from being penalized with exorbitant interest rates, or denied the job or the housing you need, because of your credit score. The higher credit score can save you several hundred dollars per month, thus helping you avoid further financial problems in the future.
When you've made the decision to file bankruptcy protection, it is important to select a competent attorney with bankrtupcy experience. Choosing a bankruptcy attorney can be an intimidating decision and should not be taken lightly as the attorney's experience can greatly impact the effectiveness of the bankruptcy. Whether you've already met with a bankruptcy attorney in St. Louis or this is the first time you've made an effort to select an attorney, you should consider the following tips before hiring a bankruptcy lawyer.
Credit After Bankruptcy
Many people facing bankruptcy are hesitant to go through with it because they’re afraid of what life might be like after they’ve filed. They’re worried they won’t be able to get a credit card or a car loan after bankruptcy. While circumstances vary from individual to individual, bankruptcy doesn’t mean you won’t be able to get credit.
When you find yourself in a financial crisis, it may seem too expensive to hire a good attorney to handle a bankruptcy for you. Some people either try to file on their own, or they go with the cheapest help they can find. After all, a Chapter 7 or Chapter 13 is just a form to fill out and file with the Court, right?
While it is possible to fill out a bankruptcy petition and file it with the Court without the help of an attorney, and it is also possible to hire a petition preparer to fill out the petition form and file it with the Court for you, the bankruptcy process is complex enough, and scrutinized enough, that any misstep in the process can worsen your overall situation, rather than improving it.