Helping You Move On To a Stronger Financial Future
Many individuals hesitate to file for bankruptcy for fear of the long-term ramifications. Given the myths and misconceptions about bankruptcy, their concerns are understandable. However, waiting too long to file for bankruptcy protection can worsen a person’s financial problems.
At Dion R. Hancock, P.A., we are dedicated advocate for individuals who are confronted with overwhelming debt. As a Tampa bankruptcy attorney who has been in practice for more than 12 years, Dion Hancock can tell you there is life after bankruptcy!
For individuals who take the appropriate steps, bankruptcy actually serves as a way to get a fresh start, and a means for improving one’s financial stability.
Giving You Financial Breathing Room
Excessive debt can seem like an insurmountable problem. The escalating burden of a financial crisis can feel like it is intensifying daily with no end in sight. Declaring bankruptcy gives you the opportunity to break free of the crushing consequences of debt, and it grants you the breathing room you need to begin rebuilding your financial stability.
Bankruptcy allows you to catch your breath in numerous ways, including:
- Stopping creditor harassment
- Preventing or delaying foreclosure proceedings
- Avoiding wage garnishments
Rebuilding Your Credit Score
While a bankruptcy will show up on credit report for up to 10 years and will significantly drop your credit score in the beginning, there are ways to rebuild you credit rating and even secure future loans.
Many lenders would prefer see an individual who took the appropriate measures to address their debt issues, instead of ignoring them. By allowing your debt crisis to continue, you simply create further and longer-lasting damage to your credit rating.
Bankruptcy can be the way to regain your firm financial foundation in numerous ways, including:
- Freeing up your financial resources, therefore allowing you to make regular and on-time payments
- Giving you a chance to start over and develop new spending habits
- Rebuilding you credit rating by obtaining a secured credit card
You should keep in mind that as the years pass, your foreclosure will play less and less of a role in your credit score. Eventually, the consistency of your improved payment habits will help to raise your score back up again. For some individuals, it only takes two to four years to start seeing significant improvements in their credit ratings.
Tampa Bankruptcy Lawyer Providing Guidance
At Dion R. Hancock, P.A., all of my prospective clients receive a free bankruptcy evaluation. Many debtors who are considering bankruptcy are initially wary of the process.
At your consultation, we can go over the pros and cons of bankruptcy and decipher if it is right for you. If another avenue would work better for you in the long-term, we will not hesitate to let you know. Helping you achieve a financial fresh start is always our primary focus.