Once you have made the decision to file for bankruptcy, you wonder what the next steps are that you should be taking. At Action Law Center, we can help Pontoon Beach, IL residents with the aftermath and comprehending what bankruptcy means for you.
After You File Bankruptcy
The first step is to hire a bankruptcy attorney that serves Pontoon Beach and surrounding area. After filling bankruptcy, you will receive a notice from the Meeting of Creditors. There will be a court meeting held about 30 days after you have submitted the file. This is something that our experienced attorneys can help you with the process.
There is no need to worry about your future or current 401k when filing for bankruptcy. This does not change your right to keep or open an account in the future. The Supreme Court ruled that 401k accounts are not the property of the bankruptcy estate.
Rebuilding Your Credit
The final step is to rebuild your credit, we at Action Law Center can help you through this. Using either Experian, Equifax, or TransUnion to obtain a copy of your free credit report. Having a up to date and accurate report is the first step to improving your credit score. Next you will want to apply for a credit card to build credit. Making small purchases, pay off your card by the due date and never carry a balance over from month to month.
If you need legal representation to help you file for bankruptcy, we can help. Action Law Center has helped hundreds of people understand this dilemma in the Pontoon Beach, IL area. Contact us today to get started with the process.