• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.

Bankruptcy And Credit Reporting – Frequently Asked Questions

Many of our clients approach us with questions about what bankruptcy will do to their credit reports. It is perfectly normal for our clients to be concerned about their credit scores and how bankruptcy will affect future opportunities to procure credit cards, loans and a new mortgage. Here are some of the questions we regularly hear from our clients.

How long will a bankruptcy remain on my credit report?

Bankruptcies will remain on a credit report for seven to 10 years, depending on if a Chapter 7 or a Chapter 13 was filed (as opposed to the date the debts were actually discharged).

  • Chapter 13 bankruptcy is deleted from your credit report seven years from the filing date.
  • Chapter 7 bankruptcy is deleted 10 years from the filing date.

Consumers do not have to contact a credit agency to have their bankruptcy removed. Whether it is a Chapter 7 or 13 bankruptcy, they are automatically removed after seven or 10 years.

What will bankruptcy do to my credit score?

Initially, a bankruptcy will cause your credit to drop significantly. However, we do see credit scores rebound very quickly afterward. Some of our clients are able to secure financing for a new mortgage and get into a new home within two to three years after the bankruptcy.

Will I be able to get a credit card and how will I rebuild my credit?

You will be surprised at how many credit-card offers you receive after filing bankruptcy. This is due to the fact that creditors know that you cannot file another bankruptcy for another 8 years after you initially filed. You can also choose to get a secured credit card to rebuild your credit.

What happens to my home and auto loans when I file bankruptcy?

Loans that are secured by property are also removed from your credit report, even if you retain the property. This means that mortgages and auto loans will no longer report to your credit after the bankruptcy. This can neither help, nor hurt your credit. It also means that if you default on your home or auto loan, and that property is repossessed, it will not be reported to your credit as a repossession.

For more information, contact your Yuba City bankruptcy attorney at (530) 751-2600.

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