Filing Bankruptcy After a Car Accident
Filing for bankruptcy after a car accident may seem like the best way to deal with the high costs of repairs and medical bills. However, there are a few things you should know before taking this step.
First, if you have collision coverage on your auto insurance policy, your insurer will likely pay for most, if not all, of the damages to your vehicle. So you may not need to file for bankruptcy just to pay for car repairs.
Second, medical bills can often be negotiated down or even forgiven altogether if you are unable to pay them. So it may not be necessary to file for bankruptcy just to deal with these bills.
Lastly, filing for bankruptcy will stay on your credit report for up to 10 years and will make it difficult to get approved for new loans or lines of credit.
The Law Offices of the Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706