Patrick Cordero manages a private law office in southern Florida, where his primary focus is on helping clients find their way through financial turmoil. His practice is the second-largest bankruptcy-filing firm in the state of Florida with more than 55 employees.
Most individuals worry about what will happen to their credit after filing for bankruptcy, especially as financial security in this country is based upon good credit. However, bankruptcy does not mean the end of credit. A good attorney can help bankruptcy filers prepare to achieve a more secure, healthier financial future, and most are able to obtain new credit within a year or two of filing for bankruptcy. In fact, they may have better credit than ever. Banks and credit card companies may be more apt to give credit to those without any debt because they are better able to make full and timely payments. Additionally, most individuals who go through the bankruptcy process learn valuable lessons and become better financial managers.
If you are thinking about filing for bankruptcy, you are encouraged to meet with a bankruptcy attorney to learn what steps you should take next.
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