Grand Rapids Consumer Bankruptcy Lawyer
If you have recently found yourself in a position where you are unable to go day by day without worrying about a harassing phone call from a creditor or an unpaid credit card bill, it may be time to speak with a bankruptcy attorney. A good attorney will take time to inform you of all your options and help you find a solution that is in your best interests.
The Law Offices of Sean Patrick Cox, PLLC, is here to help you get the relief you need. Our firm has three convenient office locations in Grand Rapids, Martin and Portage, and we represent clients throughout the entire state of Michigan in bankruptcy law. Our attorney has more than 16 years of experience and is committed to providing competent legal counsel for those in need.
Find Out How to Get a Fresh Start: Debunking Bankruptcy Myths
There are many different myths that exist about filing for bankruptcy. Here, you can find out the truth to these myths. Some of the most common misconceptions about bankruptcy include the following:
Myth: I will never be able to rebuild my credit.
Reality: When you file for bankruptcy, your debt-to-income ratio changes. You can begin rebuilding your credit immediately. A bankruptcy stays on your credit report for seven years, but you may even be able to get a credit card or home loan before that.
Myth: Getting a home loan or car loan in the future will be too difficult if I file for bankruptcy.
Reality: Unlike what most people think, you will likely be able to get a home or car loan in the next few years after you file for bankruptcy.
Myth: I will lose my home, car and belongings if I file for bankruptcy.
Reality: Many people do not lose anything in bankruptcy. You will likely be able to keep all your personal belongings, your home and your vehicles. With bankruptcy, you can reaffirm your debts, mortgage and house. Also, certain things are exempt from bankruptcy, including retirement and 401(k) accounts.
Myth: My spouse has to file for bankruptcy if I do.
Reality: Your spouse does not have to file for bankruptcy if you do, but it may be in both of your best interests to file. Depending on how your assets and bills are divided, it may be best for either you or you and your spouse to file.
Contact The Law Offices of Sean Patrick Cox, PLLC
Have you considered filing an individual bankruptcy? Contact us at 269-205-6510 or 616-723-9365 to schedule a free initial consultation. We are available to meet at any of our three convenient locations in Grand Rapids, Martin and Portage.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
