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By the end of every year, over one million Americans will be making the decision to declare bankruptcy and We The People is here to help. We The People provides legal document preparation for Bankruptcy, Divorce, Wills, Incorporations and Deeds, as well as satisfying all notary needs. Their legal documentation service aids individuals filing Chapter 7 bankruptcy, or “personal bankruptcy,” with a commitment to making the process as easy and affordable as possible.

The number one reason people delay filing bankruptcy is because of the way it affects credit. Good credit is important; however, relief from your debts will give you peace of mind and steer you in the right direction to begin building good credit again. Delaying into the next year just isn't worth it since that's time you could be using to build good credit. 

While typically, a Chapter 7 bankruptcy filing lasts on your credit report for 7-10 years, you can probably start opening unsecured lines of credit within a year of filing. However, you can open secured lines of credit almost immediately after filing. Simply go to a bank and make a deposit in a secured account and the bank will issue you a credit card permitting 50%-100% of the deposit for use. Pay it off religiously and you should be set to build good credit again very shortly.

If you declare a Chapter 7 bankruptcy before the new year, you can discharge your debt obligations while retaining most, if not all of your possessions. Your house, clothing, salary and wages will still all belong to you as well as property purchased after you file. A good document preparer will make sure to get all paperwork and assets into your bankruptcy petition without leaving anything out. When a final order for discharge releases you from your debt obligations, it’s important that everything was included since no one wants to have any part of their bankruptcy contested. 

We The People provides bankruptcy petition preparer services and helps you with all your legal document preparation needs. If you are considering filing bankruptcy, We The People is here to help. You can visit We The People online for more information or call (212) 633-2200.

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