Serving Clients Throughout South Mississippi For Over A Decade

Your Future After Bankruptcy

I am Nicholas T. Grillo, and as a debt management lawyer and bankruptcy attorney, I care deeply about the financial futures of my clients in Hattiesburg and southern Mississippi. I founded Grillo Law Firm over 5 years ago to help clients within my local community who are struggling to regain control of their finances and get on paths toward better financial futures.

What Happens After Bankruptcy?

With a Chapter 7 liquidation bankruptcy proceeding, nonexempt assets will be sold to pay off and satisfy as many of your debts as possible. In a Chapter 13 bankruptcy proceeding, your unsecured debts will be discharged after your payment plan is complete. In both cases, your unsecured debts will be discharged. Creditors, like credit card companies and medical debt collectors, will be legally prohibited from contacting you about your discharged debts.

Is The Debt Relief Worth The Damage To Your Credit Rating?

There can be a lot of questions when considering bankruptcy, and this is one of the most common. Every bankruptcy case has different financial circumstances. There is no question that your credit rating will be affected by a bankruptcy petition. In some cases, bankruptcy will affect your credit rating for anywhere between seven and 10 years. However, unpaid debts and bills can affect your credit rating just as much. Sometimes, unusual or extraordinary circumstances arise, like an unpredictable illness or injury that results in astronomical medical bills. Oftentimes, the immediate debt relief and eventual financial freedom that a bankruptcy can provide will be worth the relatively short damage to your credit rating. An experienced bankruptcy attorney can help you understand and weigh the advantages and risks of filing for bankruptcy.

Schedule A Free Consultation With A Bankruptcy Attorney

I know that if you are considering bankruptcy, you are probably overwhelmed by financial stress and have a lot of questions. I offer a free, initial consultation in which I will answer your questions and tell you more about how I can help you alleviate the financial stress in your life. To schedule your free appointment, contact my office at 769-447-3647 or send me an email using my online form.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.