Email this page to a friend

Your Aurora bankruptcy attorney wants you to know the truth about filing.

Your Legal Helpers Aurora bankruptcy attorney understands that today people are facing financial crisis. Many clients go to an Aurora bankruptcy attorney because they've been suddenly faced with unexpected and unavoidable bills. Others make an appointment for a free consultation with an Aurora bankruptcy attorney simply because they can no longer keep up with an ongoing problem.

Your Legal Helpers Aurora bankruptcy attorney helps clients find a new beginning

Use our free evaluator to see if you should contact Legal Helpers.

Many clients arrive at the office of their Aurora bankruptcy attorney filled with misinformation. Your bankruptcy attorney is more than happy to explain all the details and options of bankruptcy cases, and on making a decision to file bankruptcy.

What you should know about bankruptcy.

Here is a brief list to help you become better acquainted with this key issue.

Very few people need to know that you have filed for bankruptcy. While bankruptcy is a public legal proceeding, the huge number of people filing makes it almost impossible for local newspapers to run every name involved. Unless you're famous enough to interest a news reporter, your co-workers, friends and relatives never really need to know.

You won't lose everything. While the laws vary, every state has exemptions that protect certain kinds of assets. Major assets such as your house, your car (up to a certain value), money in qualified retirement plans, household goods and clothing will be protected. If you have a mortgage or a car loan, you can keep those as long as you keep making the payments.

You can get credit again. In fact, it won't be long before you will start to receive credit card offers in the mail. You will simply be dealing with subprime lenders who charge higher interest rates. If you pay your bills on time, you will also soon be able to get credit at a more reasonable rate.

Also, if you have a credit card with a zero balance on the day you file, you don't have to list it as a creditor since you don't owe any money on it. That means you might be able to keep that card even after filing.

Fill out our Free evaluation form today!