Pinkston and Pinkston, P.A.

Money Management: Building Credit After Bankruptcy

Though it is often the best solution for those in a perpetual state of financial crisis, bankruptcy can be hard to rebound from without the proper education, attorney, and training. It is for this reason that those who file are required to take a debt counseling course before achieving bankruptcy and seek out professional help afterward.

In this video, get insight into what you would learn through financial counseling post-bankruptcy. Find out more about what causes bankruptcy to become a necessity for many Americans and how you can gradually reestablish your credit over several years.

To learn more about rebuilding your credit after bankruptcy, call Pinkston & Pinkston, P.A. at (888) 592-0158.

Bankruptcy Myth Busted!

We are back with another bankruptcy myth to bust!

Myth: My car is going to get repossessed because I defaulted on my car loans.

False: Reorganizing your debt under Chapter 13 enables you to refinance any existing auto loans, effectively stopping any repossession and collection efforts against you once you file. As long as you make all of your Chapter 13 payments and maintain car insurance throughout Chapter 13 your vehicle should be protected from repossession.

If you have more questions about bankruptcy or filing for bankruptcy call David Pinkston at Pinkston and Pinkston, P.A. at 888-592-0158 or pinkstonandpinkston.com.

Want To Know More About Our Areas of Bankruptcy? Check Out the Links Below!

 

Are you looking for more information about the topics addressed in our recent blog posts? Read through the following for more detail on the fields of bankruptcy law we cover:

•  Chapter 7 bankruptcy allows a filer to discharge — or eliminate — unsecured debt such as credit card debt, medical bills and deficiency balances due to auto repossession.
• Chapter 13 bankruptcy is often referred to as reorganization bankruptcy because it allows debtors to create a payment plan that reorganizes their debt.
• To rebuild your credit, you must take care of your credit card bills by paying them off in full. This could come as a financial shock, but if you can manage it, you will save yourself thousands of dollars in the long run.
• Foreclosure is a trending topic with today's economy, and it is important to stay knowledgeable on all of the basic facts.

Want to know more about the services we offer? Contact Pinkston & Pinkston, P.A. at (888) 592-0158 for more information.

Preparing for a Bankruptcy Consultation

Are you preparing to file for bankruptcy? Are you in the process of looking for a bankruptcy lawyer? If so, then there a few things you can do to make sure your session with an attorney is as fruitful as possible. Check out the following list of items you should bring with you to your initial consultation, and learn more about what to expect when you arrive.

• Bank Statements and Income Records—With these documents, your lawyer will be able to establish exactly how much money you have coming into your household and how your pay varies month to month. If possible, bring account balances, paystubs, social security benefit documentation, unemployment benefit receipts, pensions, child support paperwork, or workers’ compensation forms from the last six months.

• List of Creditors and Debts—Bring a complete collection of credit card statements, mortgage payments, car payments, loans, overdrafts, medical bills, and any other debt you owe. Also, bring a comprehensive list of creditors with contact information included, as well as any correspondence you have been sent from them. Finally, bring a copy of your most recently obtained credit score, which can be found online.
  

• Record of Assets—Estimate the worth of any and all valuables you own, including vehicles, houses, real estate, and liquid assets. Achieving an accurate estimate of each item may take some time, so be sure to begin this process as far in advance of your consultation as possible.
  

• Legal Documentation—Bring copies of mortgage and foreclosure paperwork, divorce and child support documentation, lawsuit notices, or any other paperwork relating to a legal judgment or garnishment.

With these items, your lawyer will be able to more accurately assess your bankruptcy case. As such, it is important that you try to collect as much relevant information as you can prior to your arrival.

Are you looking for bankruptcy help? Do you need an experienced attorney to help you with your bankruptcy claim? Call the professionals at Pinkston & Pinkston, P.A. at (888) 592-0158 to schedule consultation today!

Who is Filing For Bankruptcy?

Are you considering filing for bankruptcy? Are you nervous that this not something that is happening to other people in your life? You are not alone in deciding if you need to file for bankruptcy, and there is a wide range of people with varying ethnicity, age, education, and income that are facing the decision if they need to file chapter 7 or chapter 13 bankruptcy.

The video below breaks down the statistics of who is filing for bankruptcy across several different variables. A statistic to highlight is the growing number of the 18-34 age group that is filing for bankruptcy. 20% of all people filing for bankruptcy fall within this age range.  Another statistics also shows that bankruptcy is not limited to those without a college education. More than 50% of all people who have filed bankruptcy in recent years have had some form of college education.

You are not alone in your question of whether or not you need to file for bankruptcy. Contact the attorneys at Pinkston & Pinkston, P.A. to get advice specific to your financial situation. We can be reached via our website or over the phone at (888) 592-0158.