What Has Your Experience Been In Representing Clients Going Through Bankruptcy?
My name is Orlando Velazquez and I have been a lawyer for 27 years. For the past 26 years I have concentrated in bankruptcy law and I have helped thousands of clients either eliminate their debts through Chapter 7 bankruptcy or reorganize their debts through Chapter 13 bankruptcy. I enjoy helping people get back on track with their financial life so that they have something to look forward to, whether that be a future for their children or their retirement.
What Do You Want Readers To Gain From Reading This Book?
I hope that this book will help people to better understand bankruptcy, eliminate their fear of bankruptcy, and know that there are still opportunities to obtain mortgages, car loans, personal loans, and credit cards after bankruptcy.
What Are The Top Misconceptions People Have About What Happens In Bankruptcy?
The biggest misconception is that those who file for bankruptcy are failures or bad people. Filing bankruptcy provides people with a fresh start and is a good financial choice for those who are deeply in debt. Multimillion-dollar corporations file bankruptcy because it is a good financial choice for them and allows them to stay in business.
The second biggest misconception is that after filing for bankruptcy, buying a house, buying a car, or otherwise obtaining credit will be impossible for at least seven years; this is totally false. Bankruptcy puts a person in a better financial situation and allows them to buy a house, buy a car, and obtain credit cards. With that said, a person must take the necessary steps to improve their credit score post-bankruptcy and demonstrate to lenders that they are creditworthy.
What Are The Common Reasons That Bankruptcy Becomes A Viable Option For People?
People find themselves in need of filing for bankruptcy due to life circumstances. For example, a person may get injured at work or terminated through no fault of their own, and suddenly find themselves without an income and without any way to pay their bills. Some of my previous clients have needed to file bankruptcy after being involved in an automobile accident and becoming unable to work, after finding themselves with significant medical bills, and after trying to pay school tuition for their children and falling behind on credit card payments.
For more information on Experience In Handling Bankruptcy Cases, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (630) 509-8989 today.
Call Now For A Case Evaluation