Bankruptcy, Nuclear Bombs, Credit Reports & Credit Repair

Paul,

I would never tell anyone not to pay their bills, but I do recommend they go through the credit repair process first, and then handle the situation afterwards, if they so wish.  This ensures the best chance for an effective credit picture improvement.  Bankruptcy should only be considered as the very last option.

Many bankruptcy attorneys do not adequately explain the effects of bankruptcy to their clients. Stated simply, bankruptcy is to the credit rating what the nuclear bomb is to war. When you file for bankruptcy, every credit account that you decide to include in bankruptcy will become an “included in bankruptcy” account. Additionally, a bankruptcy filing and bankruptcy discharge listing will appear in the court records section of your credit report.
 
Brian C. Aber
Senior Account Executive
HTDI Financial
877-877-4834 x704
brian@htdifinancial.com