Life After Bankruptcy

Guiding Clients Through Life After Bankruptcy

If you are thinking about filing for bankruptcy or have already done so, you may be wondering "what's next?"

At the Long Beach, California, law firm of Brand & Spellman, P.C., we are committed to protecting and guiding our clients before, during and after the bankruptcy process, often at little or no extra charge.

Have You Recently Filed for Bankruptcy? Do You Want to Know More About Life After Bankruptcy Before Making a Decision? The Bankruptcy Attorneys at Brand & Spellman, P.C. Can Help. Call Us at 562-375-0317 or 866-345-2440 toll-free.

Will Filing for Bankruptcy Affect My Ability to Get a Job?

The United States Bankruptcy Code expressly prohibits employers from refusing to hire a person because he or she filed for bankruptcy. However, employees such as stockbrokers, investment brokers and other financial representatives may encounter some difficulty.

Can I Rent a House or Apartment After Filing for Bankruptcy?

Filing for bankruptcy has little to no effect on renting a modest home or apartment. However, a property manager renting property at a relatively high rate may choose to deny your rental application.

Will I Be Able to Take Out a Loan if Necessary?

While you may have a higher interest rate or be required to pay a larger down payment, many lenders will give you a loan a couple of years after filing for bankruptcy.

Can I Buy a Different Car?

There are several reliable agencies that offer car loans specifically to people and families who are emerging from bankruptcy. In fact, you may see loan offers soon after you file.

Can I Rent a House or Apartment After Filing for Bankruptcy?

Filing for bankruptcy probably won't have an effect on private landlord home rentals and small apartment complexes, but it can be more problematic for large complexes, where you may be required to pay a larger deposit and can even be denied a rental altogether based on credit.

Will I Be Able to Take Out a Loan if Necessary?

While you may have a higher interest rate or be required to pay a larger down payment, many lenders will give you a loan a couple of years after filing for bankruptcy.

Can I Buy a Different Car?

There are several reliable agencies that offer car loans specifically to people and families who are emerging from bankruptcy. In fact, you may see loan offers soon after you file.

Will Bankruptcy Significantly Affect My Credit Score?

It is true that bankruptcy will have a negative impact on your credit report - at least for a while. It is also true that bankruptcy will stay on your credit report for 10 years. However, this does not equate to your credit being ruined for 10 years.

For those with low scores, filing for bankruptcy might actually increase your score 1-2 years after your bankruptcy. How is this possible? Thirty percent (30%) of your credit score is based upon a) the total amount you owe to your creditors and b) your total credit limit.

Since filing for bankruptcy eliminates most (if not all) debts you owe to your creditors, this area is immediately improved. Then, you just have to worry about increasing your total credit limit.

To help you keep track of and rebuild your credit, we will send you links where you can check your credit report every year for free. This allows you to review your credit report for inaccuracies and make us aware of any errors — such as saying an account is delinquent or that a balance remains. We will help dispute credit reporting errors at little or no additional charge to you.

Contact Us for a Free Initial Consultation

For answers to your questions about rebuilding credit and life after bankruptcy, contact the lawyers at Brand & Spellman, P.C. We offer flexible evening and Saturday appointments, and are open until 6 p.m. Monday through Friday. Contact us online, call us at 562-375-0317 or 866-345-2440 toll-free, or visit our office.

We are conveniently located near California State University Long Beach and are easily accessible from the 405, the 22, the 710 and the 91.

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