WHY BANKRUPTCY MAY NOT BE THE BEST SOLUTION
FOR YOU!
Bankruptcy is the most serious act to take to work out your
debt issues. It may be the only solution for a few, you should NOT file for bankruptcy if
there is any possible way to avoid it. Many people have been seriously misinformed because they think
that bankruptcy will provide a clean slate, this is to the contrary. The
bankruptcy act of 2005 went into effect on October 17, 2005 and has changed
everything. Unfortunately,
many people will no longer be able to file a chapter 7 which is used
to dismiss many debts in whole. Instead they may only be able to file chapter
13 where the debts are restructured and repaid over a 3-5 year term. The new bankruptcy law has made
filing bankruptcy a complex, time consuming, expensive and risky solution.
In any case, bankruptcy will affect you in many ways.... .
What is your Health Worth?
You think your stressed out now because of all the creditors hounding you? The stress level is increases SIGNIFICANTLY! Firsrt you need
to interview a Lawyer and determine if they are going to follow through with
their commitments. Next you will need to KILL A TREE because of all the
paperwork that needs to be filled out. Once that is done you will likely have
to do a TAX AUDIT of the last 4 years of returns. Worse of all, if the court
doesn't see completed documentation, YOU GET TO START THE PROCESS
AGAIN.... Not just now, but up to a few years from now. HOW's That for
STRESS All of this stress can really affect your health that could lead up to
many ailments.
If you file bankruptcy now, how do you suppose that
will affect your bowering in the future?
Loans, credit cards, virtually any credit will look very ugly
which will affect the interest rates that you are bowering the money from. This
could cost you thousands of dollars over the next 10 years.
Hike up the Security Deposits!
If you get lucky enough to qualify, you most likely will have to put down a large deposit to initiate
the service and pay a premium price. Need to change phone companies,
put digital cable in your house, or get a cell phone plan? Guess what? these
companies are going to do a credit check on you and you may not qualify.
If you Expect to stay in your home Bankruptcy will not
be for you!
Chapter 7 bankruptcy will unquestionably
cause you to lose your home if you are behind on your
mortgage payments,. The lender will want to get some redemption and will get
permission from the courts to lift the automatic stay and proceed with the
foreclosure.
In a Chapter 13 bankruptcy, consider this... Would you lend 2-3 hundred
thousand dollars to a person who just recently filed bankruptcy? How long would
you wait until you would? This is what lenders are thinking and it
could be many years before you can qualify for a home loan. You will not lose
your house but you will need to pay all fees and arrearages to the lender based
if you repayment plan.
Renting and Bankruptcy.
Very few landlords will lease or rent their property to a person who has filed
bankruptcy. There is too much risk involved. With risk comes COST. There may be additional
Security Deposits and Higher standards to qualify. Again this costs you
unnecessary $$$. It is also very unlikely a bank will approve a mortgage to a
person who has filed bankruptcy in the past 7 years.
Trying to Land That Dream Job?
When your perspective employer has requested for you as a candidate to come
aboard, YOU MUST
COMPLETE A BACKGROUND INVESTIGATION. In the questions thay will ask
if you have filed a bankruptcy in the last 10 years. What are you going to say?
It is a federal law to lie on those you know.
IS IT REALLY WORHT IT?:
When you add it all up, there are just far too many negatives about bankruptcy
be a logical solution. WHAT IS YOUR PEACE OF MIND REALLY WORTH?
WHY GO THROUGH ALL THIS
PAIN WHEN THERE IS A BETTER SOLUTION?
Our debt relief program can give you the opportunity to avoid
bankruptcy, pay off your debts COMPLETELY.
- Here is how we help.
CLEAN SLATE- Imagine how you would feel if you
didn't have NO more credit card debt. Think about the burden
being gone! We can erase all of your debt- without having to file bankruptcy!
- NO MORE AUTO LOANS - That's right, PAID OFF! How does that sound?
- PUT CASH
IN YOUR POCKET–
You need to STOP THROWING MONEY AWAY!
I'll $AVE you $1,000's
of dollars, EVERY MONTH. How much money do you need... $10,000?
$20,000? $100,000?
- READ MY
LIPS- NO MORE TAXES! (Welll, some taxes). Do you wanna know why the gap between the
Have's and the Have Not's keeps getting wider? TAXES! I'll give you the Tax Leverage you need to shelter
your hard earned money!
- Increase your credit
rating –
I'll systematically increase your credit rating as soon as 60 days. This
area alone could save you $1,000's on interest rates.
Call me right now at 951-634-7270!
I look so forward to helping you too!
Sincerely yours,
Robert Mendieta
Challenged Credit Specialist
iRealEstateAdvisors.com
Phone: 951-634-7270
TOLL-FREE Fax: 1-866-794-0746
