Bankruptcy could be the answer, and it will give you a fresh start. Your financial statement will be reset, and all your debts at the time of the bankruptcy will go to zero. Your credit score will slowly increase because all your debts as of the date of the bankruptcy discharge will be cleared.

Buying a home, especially your first home, can be a stressful process. There’s a seemingly endless amount of documents to sign and information to process. When it’s all over it can leave individuals feeling excited to embark on a new journey in their new home, but perhaps confused and anxious about the transaction they just took part in and what it all means. 

There are several different scenarios in which you should consider an LLC. If you are considering an LLC, please reach out to schedule an appointment with an attorney on our staff to discuss your options.