Archive for August, 2011

Bankruptcy and Future Credit

Monday, August 22nd, 2011

Will bankruptcy affect my future credit? How long does it stay on my credit? How do I know if bankruptcy is the right decision? Will I ever be able to finance another car or house? Can I get new credit cards? Will I lose my job?  Questioning things is normal when troubled times are on the forefront.  Attorney David Nelson is available to help you answer these very questions, analyze your individual situation, and help you reach a financial goal or solution. An experienced attorney is able to provide advice and guidance throughout the difficult times and help prepare the debtor for a brighter more financially stable future. Our ultimate goal is to offer the highest quality legal advice at a reasonable price with the utmost service and professionalism

Bankruptcy will remain on your credit report for up to 10 years. It does stay on your court records as public record for 20 years. Though there is nothing the debtor can do to remove the bankruptcy from your record there are things that will possible help. Many creditors allow the debtor to file an explanation of circumstances resulting in bankruptcies with reporting agencies. If the account is record incorrectly you can request a corrected update. Credit reports are often full of inaccurate information. It is the debtor’s responsibility to continually check credit reports, dispute inaccurate or outdated information as well as request bankruptcy removal at the end of the 10 year period. Bankruptcy does not carry the same burden it did not so many years ago. Creditors are aware of some unavoidable situations causing bankruptcies. Whether illness, unemployment, medical bills, death or divorce, once drastically behind on financial obligations it is often impossible to catch up.

Once you have filed for chapter 7 Bankrupcty and you have received some relief from debt it is very tempting not to accept the new flood of credit cards. There are no laws requiring creditors to extend credit to individuals with bankruptcy records yet there are also no laws preventing it. Each company makes their own decisions. I guide clients to be extremely cautious obtaining new credit cards which most likely come with excessively high interest. Though it is not necessary to wait years to begin rebuilding credit debtors need to enjoy a more relaxing debt free or affordable financial life style for a while after bankruptcy has been filed and settled. In the greater scheme of credit filing bankruptcy can at times actually improve your credit over time. Old debt is wiped out with chapter 7 and fresh start leads to new beginning. Over the course of a few years individual credit may be better than it ever has been.

David Nelson is licensed in the state of Kansas to practice law and assists clients in the greater Wichita, Kansas area. Call (316) 267-1300 today for a free, confidential case review.

Benefits of A Divorce Lawyer

Saturday, August 13th, 2011

When contemplating a divorce individuals should immediately seek legal counsel. A good divorce lawyer is the best defense for a client going through the trying times of a divorce. Divorce is rarely a dance in the park. An attorney that has experience in divorce can help prepare for any unforeseeable circumstances that may arise. Knowing what may happen before it does can make a difference in your case. Preparation, knowing the courts and other professionals that you may need expertise from, as well as the law is crucial in having an advantage when filing for divorce.

A divorce attorney hired by you will give you advice specific to your case and circumstances. The trained skills and knowledge of divorce laws will provide the client with a better awareness of their individual situation. Handling a divorce without proper legal advice can be emotionally, mentally, and financially costly to you. In already stressful times attempting to oversee a legal situation can add more stress to you. You take your automobiles to mechanics to fix. You take your children to the doctor when they are sick and allow surgeons to perform surgery instead of handling it all yourself. Divorce should be no different. David Nelson has the experience to handle your case for you. Don’t stress it alone, let proper legal counsel lighten your load.

Many judges prefer people coming to court for divorce claims have legal counsel with them. Attorneys versed in family law can provide their experience to get you what all you are entitled to under the state law. Legal counsel can negotiate the best solution to a divorce. Knowing what leverage can be used, when and where to best fight and when to consent is beneficial. Judges and attorneys have heard all the claims and gripes before, keeping the judge and experts on your side are crucial to “winning” the case. Family law can be tricky and hard to understand. Hiring the appropriate attorney is initial most crucial decision to be made when filing for divorce. An experienced attorney hired by you should fight vigorously within the law to protect their client and provide advice to assist you in your case.

Attorney David Nelson will provide you with the highest quality legal services at a reasonable cost. With over 30 years of practicing law Attorney David Nelson represents people with matters related to Auto Accidents, Bankruptcy, Business Law, Business Contracts, Criminal Defense, Family Law, Social Security Disability and Workers Compensation. Our goal is to handle your legal matters with the utmost service and professionalism. Call (316) 267-1300 today for a free, confidential case review.