Law Office of Ginger C. Cord, PSC
Free Initial Consultation
859-963-2073

May 2014 Archives

Can filing for bankruptcy prevent foreclosure?

Bankruptcy can be many things to many people in that it can bring relief from a variety of burdensome debts and become the means of a new beginning. One of the not uncommon motivations for a bankruptcy filing is to avoid or delay foreclosure. A recent article in the Huffington Post took on this topic, pointing out that bankruptcy acts as a sort of foreclosure “kill switch,” a last resort for underwater homeowners who have been unsuccessful in obtaining relief from their lenders.

Rebuilding credit after bankruptcy

Filing for bankruptcy is not something one should take lightly. One of the reasons why debtors need to think carefully before filing for bankruptcy is that their filing will remain on their credit report for quite some time. According to Experian, it can be 7 or 10 years, depending on the type of bankruptcy filing. A Chapter 7 filing remains on one’s credit for 10 years, and a Chapter 13 filing remains for seven years.

Email Us For A Response

How May I Assist You?

How May I Assist You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Law Office of Ginger C. Cord, PSC
155 E. Main Street
Suite 330
Lexington, KY 40507

Toll Free: 800-762-6916
Phone: 859-963-2073
Fax: 859-254-2192
Lexington Law Office Map