Imagine where you were in your financial situation last year this time. Now imagine where you hope to be in a year from now. Right now is the time of year when many people are reexamining last year’s goals and either revamping those old goals or moving on to larger goals. If you are having financial problems, like most people, you may be hoping to revive last year’s goal of gaining control of your financial future.
If you need to file bankruptcy, prolonging the inevitable is typically not in your best interest. The sooner you deal with the bad debt, the sooner you are able to work toward rebuilding good credit.
Most people are afraid that their credit will be ruined if they file for bankruptcy and they won’t be eligible for home or automobile loans. However, the truth is that recent FHA changes have made it possible for you to get a mortgage as earlier as one year from yourdischarge date. Imagine having no debt by this time next year.
Often times the individual seeking bankruptcy relief would have been best served by filing a year ago or even longer. They know eventually filing will be their best option, however, continue to hold out in an attempting to make things right. By doing this, people generally make major unintended financial mistakes such as spending their retirement accounts. The first step to resolving to improve your financial situation is to schedule your free consultation to see if bankruptcy is the solution for you.
From everyone here at Husker Law and Sands Wegner, PLC, we wish you a happy and prosperous New Year!