Law Office of Daren A. Webber
Call Now! 845-615-9108 (Office) 845-776-0201 (Cell)
134 West Main Street
2nd Floor
Goshen, NY 10924
ph: 845-615-9108
alt: 845-776-0201
webberla
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- DOES NEW YORK LAW ALLOW FOR FEDERAL EXEMPTIONS?
- WHAT IS THE NEW YORK STATE HOMESTEAD EXEMPTION?
- How long will it take to repair my credit after bankruptcy?
- Should I consider a debt settlement program?
- How can I get rid of my second mortgage?
- What is bankruptcy?
- What can bankruptcy do for me?
- What different types of bankruptcy cases should I consider?
- What will happen to my home and car if I file for bankruptcy?
- Do I still owe secured debts (mortgages/car loans) after bankruptcy?
- Can student loans be part of my bankruptcy?
- Can personal taxes be part of my bankruptcy?
- Abogados de Bancarrota
Daren A. Webber, New York Bankruptcy Lawyer
Serving Orange County New York
- Question: How long will it take to repair my credit after bankruptcy?
Although everyone’s situation varies, it may take as little as 24 months to re-establish your credit after filing bankruptcy.
However, you must be prepared to establish new lines of credit and pay timely. For most post bankruptcy filers, simply applying for secured credit cards and using them and paying them timely (no late payments!) will put them on track toward a good credit score within the 24 month period.
When considering whether to exercise your option to file under the U.S. Bankruptcy Code, assuming you qualify, consider the amount of debt you are carrying. For example, if you are carrying upwards of $30,000 of unsecured debt with only $200 dollars of disposable income to make monthly payments on said debt, it would take you 12.5 years to pay off the debt, assuming no interest and no settlement. Filing for bankruptcy would allow you to shed the debt and rebuild your credit over 24 months. The math is not too complicated here.Bankruptcy may be your best option.
The use of the internet or this forum for communication with the Law Office of Daren A. Webber does not establish an attorney-client relationship. The information provided is strictly for educatinal purposes.
Orange County NY Bankruptcy Lawyer also serving the following New York areas: The Hudson Valley, NY; Chester, NY; Florida, NY; Goshen, NY; Monroe, NY; Harriman, NY; Cornwall, NY; Maybrook, NY; Highland Falls, NY; Greenwood Lake, NY; Middletown, NY; Montgomery, NY; Newburgh, NY; Otisville, NY; Port Jervis, NY; Blooming Grove, NY; Tuxedo, NY; Unionville, NY; Walden, NY; Warwick, NY; Washingtonville, NY; Woodbury, NY; Spring Valley, NY; Airmont, NY; Suffern, NY; Chestnut Ridge, NY; Montebello, NY; Nyack, NY; Piermont, NY; New City, NY; Hillsdale, NY; Rockland County, NY; Westchester County, NY; Dutchess County, NY; Amenia, NY; Annandale, NY; Arlington, NY; Bangall, NY; Barrytown, NY; Beacon, NY; Beekman, NY; Billings, NY; Castle Point, NY; Chelsea, NY; Monticello, NY; Clinton Corners, NY; Dover Plains, NY; Fishkill, NY; Glenham, NY; Holmes, NY; Hopewell Junction, NY; Hughsonville, NY; Hyde Park, NY; LaGrange, NY; Milan, NY; Millbrook, NY; Millerton, NY; North East, NY; Pawling, NY; Pine Plains, NY; Pleasant Valley, NY; Poughkeepsie, NY; Poughquag, NY; Red Hook, NY; Rhinebeck, NY; Rhinecliff, NY; Salt Point, NY; Staatsburg, NY; Stanford, NY; Stanfordville, NY; Stormville, NY; Tivoli, NY; Union Vale, NY; Verbank, NY; Wappingers Falls, NY; Washington, NY; Wassaic, NY; Wingdale, NY; Central Valley, NY; Sullivan County, NY and Montgomery County, NY; Bronx, NY; Brooklyn, NY; Queens, NY; Manhattan, NY; Staten Island, NY; Sugar Loaf, NY
Bankruptcy may be your best option.
Important notice required by Federal Law:
We are a debt relief agency pursuant to Federal Law §524 of Title 11 of the US Code. We provide legal assistance and help people file for bankruptcy relief under the Bankruptcy Code.
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134 West Main Street
2nd Floor
Goshen, NY 10924
ph: 845-615-9108
alt: 845-776-0201
webberla
