Re-Establishing credit is easy with assistance from the bankruptcy practitioner at the Law Offices Of Edwin M. Adeson in Glens Falls, NY.

Myths about Bankruptcy

Many people believe that filing bankruptcy kills your credit for 7 to 10 years, or even for life, and that is simply not true. At our firm, we always tell clients to imagine their life two years from now and we ask, will you be better off if you file bankruptcy or not? Most of the time, although it is not always what they want to hear, they will be much better off financially if they file bankruptcy.

Bankruptcy does stay on your credit report for 10 years, however, typically, mortgage and vehicle loan applications ask if you have filed in the past seven years. Although bankruptcy does severely damage your credit, most potential bankruptcy clients already have poor credit because they are typically behind on payments.

Re-Establishment of Credit

Once you are out of bankruptcy, you can reestablish your credit to about average credit within 8 to 12 months and above average credit within 18 to 24 months. This means that you can easily buy vehicles within a year at a reasonable interest rate and real property within a couple years, assuming you are working and paying bills on time.

Bankruptcy clients often re-establish credit quickly by continuing to pay on secured items. We advise you to get a credit card immediately after filing bankruptcy and charge and pay every month to assist in reestablishing credit.

Testimonials & Reviews

“I thought I was never going to be able to ever get credit again. I am a single mom recently divorced. I had way too much credit card debt. I got referred to Mr. Adeson for bankruptcy. I never imagined I would ever have to file bankruptcy in my life. I was so scared. But Mr. Adeson sat down with me and explained the entire process. It was not nearly as bad as I imagined it was going to be. The process to file bankruptcy was fairly easy. I am now debt free. My creditors never contacted me again after fling the bankruptcy. I purchased a vehicle 8 months after filing my bankruptcy at a 3.9% interest rate and only 2 years after filing my bankruptcy I am in the process of purchasing a house and I have been pre-approved for a mortgage at 4.5% interest. I owe it all Mr. Adeson. Anybody who has financial problems out there go see Mr. Adeson. He did a fantastic job and I highly recommend him.”

Savannah Coles, 5 Star Facebook Review

“Have worked with him on two different occasions and have been very happy with his work quality, prompt service, and fair price!”

Jessica Blanchard, 5 Star Facebook Review

“I got injured with no medical insurance and had huge medical bills and I also had some credit card debt. I did not know what to do. I thought about contacting one of these internet companies that promise to get you out of debt but heard they were mostly scams. Several people referred me to Ed Adeson. Ed spoke with me on the phone for about 20 minutes. He was so understanding and advised me that bankruptcy was my best option, Ed immediately set up an appointment in person and got my paperwork filed within the week. I am now debt free and I have reestablished my credit in less than 6 months and I was able to get a car loan. I am so thankful that I called Ed and got out of debt. If you need to file bankruptcy definitely call Ed as he is compassionate, efficient and knows exactly what his is doing.”

Hazel Rosewood, 5 Star Facebook Review

“Thank you for your great work! Thank you for enabling us to get on with our financial life in 2017 without the burden of debt. What a great Christmas present! We wish you happy holidays & continued success the services you provide.”

James & Brenda Parrish, 5 Star Facebook Review

“Was very nice and easy to deal with. Explained everything as we went thru this in easy terms, everything was settled fast and easy.”

George Nash, 5 Star Facebook Review

“I needed to get out of debt and called Ed Adeson. He returned my telephone call immediately and processed the bankruptcy paperwork within a few days. I called around and Ed was the CHEAPEST in the area for fees. He made the process so simple and explained everything so that I could understand what was happening every step of the way. If you need a bankruptcy attorney Ed is the guy you should go see. Ed is friendly, efficient and knows what he is doing. I highly recommend Ed as he fixed my financial situation and life is now so much better.”

Robert Smith, 5 Star Facebook Review

“Thankyou very much for the great job you did and all your support on my difficult time of filing for bankrupcy. Your kindness and sympathetic words of ” Don’t worry. I got this. I will walk you thru this” at the hearing was greatly appreciated. I can’t thankyou enough.”

LorrieJoy SilverHamblin, 5 Star Facebook Review

“Walked us through the whole process..very professional, courteous, prompt, knowledgeable!! Thank you Ed for being our attorney.”

Glenda-Gordy Cook, 5 Star Facebook Review

“Very friendly. Doesn’t dick around like most lawyers gets the job done promptly.”

Ed & Lisa Quill, 5 Star Facebook Review

“Due to very high medical bills, I could not meet my obligations. After a year of struggling, I contacted Mr Adeson to file bankruptcy. It’s seven weeks later and the bankruptcy proceedings are done and I am free of debt. The fee was very reasonable. Mr Adeson is an extremely efficient and caring attorney. HIGHLY RECOMMENDED!”

PL, Testimonial

“I don’t use Facebook, but I have recommended your services and will continue to do so. I appreciated your prompt response every time I had a question. You made a most uncomfortable situation bearable. Many thanks”

J, Testimonial

“He is very proficient, easy to talk to, very through. I have worked with him on 2 different occasions. First time did not want to file he knew what was going on. He remained supportive through it all. This time there was no question I had to file and I knew exactly who I wanted to help me. He was extremely patient to get paid as well.”

Aileen Morris, 5 Star Facebook Review