Rebuilding Credit After Bankruptcy

Toward A Brighter Financial Future

"By filing for bankruptcy, I'll never be able to buy anything on credit again."

At Robertson, Oswalt and Associates, people tell us this nearly every week. We respond by taking the time to explain the purpose of the bankruptcy system, and why they are wrong in their belief that their credit will be ruined if they file for bankruptcy.

Our bankruptcy laws were enacted to provide debt relief and give people a fresh financial start. In fact, bankruptcy is a way to improve your finances and eventually your credit. By filing for bankruptcy, you are telling your creditors that you are serious about getting your finances in order. Within weeks or months of filing, many people see improvements in their credit ratings.

To learn more about your credit, and how we can guide you to a brighter financial future, contact Robertson, Oswalt and Associates. We have offices in Little Rock, Benton and Heber Springs, Arkansas, to serve you.

Rebuilding Your Credit In Chapter 13

In filing for a Chapter 13 bankruptcy, you are committing yourself to a three- to five-year debt repayment plan. With each monthly payment, you are proving that you have the self-discipline necessary to successfully handle your finances. Many people are able to purchase a new or used vehicle on credit within months of filing. You may even be able to buy a home while in Chapter 13.

Your Credit In Chapter 7 Bankruptcy

With a Chapter 7 bankruptcy, unsecured debts such as credit card debts and medical bills are completely liquidated after a few short months. Regarding your credit, the same general guidelines apply as in Chapter 13. Some people are even able to purchase large ticket items on credit very soon after their final discharge.

Whether you qualify for Chapter 7 or Chapter 13, your attorney will develop a debt reduction plan designed specifically for you. We will work to help you obtain maximum debt relief while enabling you to keep as much of your property as possible.

Contact A Lawyer

For a consultation with a Little Rock bankruptcy lawyer about rebuilding credit, contact Robertson, Oswalt and Associates.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.