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  • 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.
    --Donna
  • 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.
    --David
  • 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.
    --Anonymous
  • 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.
    --Anonymous
  • 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.
    --Joanna
  • 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.
    --Danielle

Post Bankruptcy Credit

Because bankruptcy essentially impedes creditors from collecting their money that they’ve lent out, many people think that filing for bankruptcy irreversibly tarnishes your financial reputation and credit.  And while it may play a role in a lender’s decisions to give you a loan, filing for bankruptcy often sets the stage for you to reestablish good standing and credit.  Let’s look at why this is.

You Have No Other Financial Obligations

After filing for bankruptcy, you are free of debt.  This means that you will be focused on a smaller amount of payments.  The lack of other obligations will make you more able to pay off new debt and potential lenders will recognize this.  However, you must be careful to not fall back into the same bad habits that led to your original bankruptcy.  You will have to be more responsible, but this also means you will have more control.

You Will Be More Disciplined

Filing for bankruptcy involves going through your finances in detail.  This means you will know why you originally fell deep into debt and you’ll know what to avoid moving forward.  Here, we not only help our clients get rid of their debt, we help them understand how to avoid it in the long run.  While it may be tempting to live above your means, previous experience will help you make the right financial decisions in the future.  If you make the right decisions and stay disciplined, your credit will almost certainly improve from what it was before filing for bankruptcy.

Although bankruptcy is appealing in these ways, creditors will take extra precautions against someone who has just filed.  They will be putting themselves at increased risk and to account for this, they will most likely impose a higher rate of interest and annual fees.  This will be hard at first, but as you use your credit wisely and responsibly, you’ll acquire better credit and will have increased financial health.

If you’d like to learn more about credit after bankruptcy, or have any questions about bankruptcy in general, contact your local Yuba City bankruptcy attorney at (530) 797-4402.

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