Between 1 to 2 weeks depending on the complexity of the case.

Calls will end no later then 10 days after the documents are offically filed. Your payroll officer will be contacted right after the documents are filed. Bear in mind that one pay may be garnished before we can stop it.

In a proposal your record will be restored 3 years after you make the last proposal payment.

In a bankruptcy, this happens 6 years after you get your discharge from bankruptcy.  However, in the event of a second bankruptcy, this takes 14 years.

Your creditworthiness can be restored more rapidly by maintaining a decent level of income and by entering into a secured line of credit agreement before the above mentioned time limits pass. In other words your credit rating depends on several factors that we at EmpireOne shall be pleased to tell you about.

You can accelerate your payments in a proposal in anyway you wish without prepayment penalty. Thus a 5 year proposal can end in 2 years, and your credit rating will clean that much sooner.

In a bankruptcy, you are expected to give the creditors the net equity in certain, but not all, assets. Some assets are exempt from seizure while other ones are not. For example, if there is big equity in a house, this will have to be addressed before you get your discharge from bankruptcy.

In a proposal, you keep everything. However, you have to offer not less then the equity in a "hypothetical" bankruptcy.

EmpireOne Credit Solutions will explain this important aspect at length when you come visit us. Remember we offer FREE CONSULTATION, you have everything to gain and nothing to lose.

It depends on several factors that interplay in a complex manner that is best explained face to face. Once again there is no charge until we have provided a meaningfull service to you.