Protecting you in times of need

Profits
Bible & Bankruptcy
Choices

Bankruptcy Info
Bankruptcy FAQs
Web Resources


 

 

 

William A. Krajec
Attorney at Law
837 South 4th
Springfield, IL 62703-2220
Telephone: (217) 525-2252
(800) 933-6690
Fax: (217) 525-2268
E-mail: info@billkrajec.com

Contact Us     |     Home


Bankruptcy Information

Kiss of Death

Some people think that bankruptcy is a "kiss of death" to their credit history.  If it was once true, it is NO LONGER:

  1. Not paying your debt destroys your credit - not bankruptcy.
  2. Some have good credit - they have used their assets or credit to make current payments, but are unable to continue.  They will lose their good credit whether they file bankruptcy or not.
  3. Bankruptcy improves your credit, especially if you make current car or house payments.
  4. You can buy or refinance a house two years after filing without penalty.
  5. You can refinance or buy a house even while you are in bankruptcy.  Interest rates will be high.

With over 2,000,000 bankruptcies last year, lenders have found out that bankrupts are a large market and are eager to get your business.  They also think you are dumb enough to snap at anything they offer.  Most offers are garbage.

The "Kiss of Death" is a myth.

I recommend you find out how to repair your credit at:

www.lifeafterbankruptcy.com
www.ftc.gov/credit
www.fixmycreditnow.biz
www.daveramsey.com/

 

 
Profits ] Bible & Bankruptcy ] Choices ]Bankruptcy Info ] Bankruptcy FAQs ] Web Resources ]Contact Me ] Home ]
Send mail to Webmaster with questions or comments about this web site.
Copyright © 2005 Bill Krajec Attorney At Law
Last modified: 06/28/07