Bankruptcy

As soon as you file bankruptcy, your credit score will be affected and will likely become slightly lower, however, it will build back up if you take the right steps.

• It is possible to have a better credit score than you currently have 12-15 months after filing for bankruptcy.
• Both Chapter 7 and Chapter 13 bankruptcies will stay on your credit report for 10 years.

Schedule a free initial consultation to learn more about how your credit could be affected and improved by filing bankruptcy!

There are two main types of bankruptcy that we work with at Marks Law Firm.

• Chapter 7 – You have no ability to pay back your debts (liquidation)
• Chapter 13 – You have some ability to pay back your debts (repayment plan)

In your free initial consultation, our experienced attorneys will help you figure out which bankruptcy chapter is the best for you.

• You have large debts that you are unable to pay
• You have endless medical bills
• You are behind in your mortgage payments
• You are being foreclosed on
• You are being harassed by debt collectors
• You lost your job
• You are being sued by creditors
• You are getting a divorce
• You are using one credit card to pay off another

Bankruptcy is a legal process that gives individuals and businesses the opportunity to have their debts forgiven in a couple of different ways. It is a federal court matter and can be a financial fresh start for those facing financial difficulties.