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Your Elbert County Bankruptcy Lawyer Can Point Out Some Lesser Known Facts

Some circumstances of bankruptcy law aren’t as well known as others. If you’re going through bankruptcy for instance, public utility companies are prohibited from cutting off your services while you’re in the process.

Your Elbert County bankruptcy lawyer will tell you that if your driver’s license has been revoked because you were unable to pay damages assigned to you by a traffic court, it will be returned to you under the terms of your bankruptcy.

If a creditor continues to harass you after he has been notified that you have filed for bankruptcy, he can be sanctioned by the court.

An Elbert County Bankruptcy Lawyer May Warn About Certain Chapter 7 Provisions

When you’re considering bankruptcy, you may not be aware of how it could affect a friend, or family member who is the cosigner for one, or more of your debt accounts.

An Elbert County bankruptcy lawyer can explain that a chapter 7 bankruptcy for instance, will discharge some of your debts, meaning that you will no longer be responsible for paying them off. But, since a cosigner has legally taken on the responsibility of that debt, your Elbert County bankruptcy lawyer will advise that a co-debtor can still be held accountable.

An Elbert County Bankruptcy Lawyer Can Get You Back On The Path To Establishing Credit

Once your bankruptcy discharge is final, you will want to start to rebuild your credit.  A good way to do this is with a department store credit card.  Limit your charges, and pay off the balance on your account every month.

Your Elbert County bankruptcy lawyer may suggest that you open a checking, or savings account, and make regular deposits to show that you are capable of maintaining financial responsibility.

When you’re ready to apply for a loan, try to arrange for a co-signer to back you up.  Your Elbert County bankruptcy lawyer will advise you.

An Elbert County Bankruptcy Lawyer Will Help You Find A Financial Management Course

The federal bankruptcy code states that a person who is going through the process will take a course in financial management.  Your Elbert county bankruptcy lawyer will tell you that certification that you have completed the course is necessary for a judge to rule on discharge.

 

When you enroll in a class, you can expect the counselor to help you estimate your financial situation, improve your budgeting skills, and learn how to properly manage a credit account.

Your Elbert county bankruptcy lawyer will help you find the best source for debtor education.