Hablamos Espanol

  • Sultana Law, P.A. - 2699 Lee Road Suite 110, Winter Park, FL 32789
  • Tel: (407) 545-2099 • Fax: (407) 545-4679
  • Email: Info@SultanaLaw.com

Bankruptcy and Your Credit

Contact our office for your FREE initial bankruptcy consultation.  You have nothing to lose by finding out what your options are.  So give us a call or fill out the contact form to the right so we can help you to a brighter financial future!

Filing for bankruptcy will appear on your credit, but it does not always lower your credit score. Also, when compared to the alternatives, such as foreclosure, repossession, lawsuits and harassment from collection agencies, filing bankruptcy still may be your best financial strategy.

Chances are, by the time you reach the point of filing bankruptcy, your credit already either is in ruins or on a downhill slide. Most people facing bankruptcy did not get there because they were able to and did pay all their bills on time. Late payment and non-payment of bills is what can greatly decrease credit scores.  Usually, people struggle for a long time and work very hard to meet their obligations before they even begin to consider bankruptcy.

Your credit may already be damaged.




1. Failing to fully repay any creditor will do as much, maybe even more, damage to your credit than filing bankruptcy.

2. Having your house foreclosed by the bank will be damaging to your credit as well as your future ability to get a mortgage;

3. Having your car repossessed is going to hurt your credit.

4. Being referred to a collection agency already is damaging to your credit.

5. Unrelenting calls from creditors can be very stressful, and harmful to your health and well-being.

While filing for bankruptcy may not have been your first choice, often times, it is the smartest alternative to more destructive ways of dealing with debt. One thing we know never works: avoiding dealing with the problem. It is much better—for you, for your family, for society and even for your creditors—to face your financial troubles head-on, and to get the help you need. What most people do not realize is that you are entitled UNDER THE LAW to seek financial relief through the court system.

Bankruptcy is not a life sentence.

Contrary to common belief, bankruptcy won’t ruin your credit for the rest of your life. In fact, many creditors view filing for bankruptcy protection as a positive step, far better than simply avoiding bill payments or trying to resolve debt problems on your own. Creditors will watch to see how you meet your obligations after the bankruptcy. When you establish a record of making payments in a timely fashion, you eventually will become eligible once again to purchase items on credit.

At Sultana Law, a large percentage of our practice is focused on handling bankruptcy cases. Talk to us about your specific financial situation, and let us guide you to the most effective solution to resolve your financial troubles. You do not have to go through this alone! We have helped many people from all walks of life–from business people who’ve had to closed their businesses, to real estate developers sitting on bad real estate investments, to working folks who’ve lost their jobs due to the downturn in the economy. Let us help you overcome your financial setbacks, so you can get on with your life plans, and begin the rebuilding process.

To schedule your FREE initial bankruptcy consultation, call Sultana Law today at (407) 545-2099.