If you’re thinking about filing bankruptcy, you’re probably wondering how it can affect credit.
It’s true that bankruptcy stays on a credit report for up to 10 years (may be less depending on which type of bankruptcy is filed), but once the slate is essentially “wiped clean” after a successful bankruptcy filing, people can instantly start rebuilding their credit.
In fact, many people even gain stronger credit scores after filing bankruptcy because their old debt is gone and they can start fresh.
If you are considering Bankruptcy and need straight and honest answers to your questions, call my Northern Kentucky Bankruptcy offices at 859-824-3361.
