|
 |
Will I ever qualify for secured credit or for a Mortgage? Yes! A number of banks now offer "secured" credit cards where a debtor puts up a certain amount of money (as little as $200) in an account at the bank to guarantee payment. Usually the credit limit is equal to the security given and is increased as the debtor proves his or her ability to pay the debt. Two years after a bankruptcy discharge, debtors are eligible for mortgage loans on terms as good as those of others, with the same financial profile, who have not filed bankruptcy. The size of your down payment and the stability of your income will be much more important than the fact you filed bankruptcy in the past. The fact you filed bankruptcy stays on your credit report for 10 years. It becomes less significant the further you are removed from the bankruptcy. |
Welcome To The Law Office Of Martin & Loiacono LLPWe know that making the decision to file bankruptcy is a difficult and painful one. Most people think of bankruptcy as their last resort. They feel hopeless and stressed when they call. They have been struggling to survive financially and no matter how hard they work at paying their bills, their debt keeps growing. Do not be embarrassed to call us to discuss your options. That’s why we are here. Virtually all who call us are hardworking, honest and good people like you who just happen to fall upon some difficult financial times. They are all in desperate need of some much needed relief. Don't be swayed by misleading advice about bankruptcy from misleading TV and radio ads, or well-intentioned friends or family. Martin & Loiacono are not only greatly experienced in these matters, but they are dedicated, caring and honest attorneys who fight hard for their clients' success. Please feel free to look around our website, but please don't hesitate to contact us! |
